Commodities: the top asset class of 2018 so far

The Buenos Aires-based firm is looking at three projects — in San Juan, Santa Cruz and Salta provinces — and has received partnership interest from a mining company.

Mined cobalt supply grew by 23% to 187,060 tons in 2022, in a supply swell that wiped out a large deficit seen in 2021.

The rush for metals needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” BMO analyst says.

Commodities from copper to iron ore fell after China set a cautious economic growth target of about 5% for the year.

The Chilean state-owned firm had envisaged turning its mainly underground Salvador mine into an open pit by first half of 2023.

AQR and DRW Commodities alongside others are seeking around £80 million, according to the LME.

MetalCorp's main assets are the North Rock copper-nickel project and the Big Lake copper-zinc-gold-silver project in Ontario.

The property covers 39,943 hectares in north-central Saskatchewan.

The area’s most advanced project is Ring of Fire Metals’ Eagle’s Nest nickel project.