Base Metals Top Stories

Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers

While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.

Baker McKenzie Johannesburg | August 17, 2017 | 8:22 am

BHP commits $2.5bn to extend life of Spence copper mine in Chile

Project will extend the life of its Spence copper mine…

Cecilia Jamasmie | August 17, 2017 | 2:55 am

Congo reinstates miners’ VAT exemption on imports in U-turn

The government owes mining companies about $700 million in VAT…

Reuters | August 16, 2017 | 2:03 pm

Copper price surges to 32-month high as hedge funds place $20 billion bet

Copper trades just short of $3 a pound as large…

Frik Els | August 16, 2017 | 12:16 pm

China’s Chalco plans $500m investment in Guinea bauxite project

The deal comes after a trip by the Guinean mines…

Reuters | August 16, 2017 | 10:11 am

Traders bet on aluminum price surge as LME weighs Russia ban

Aluminum traders are making bold bets in the options market to position for price spikes later this year

Bloomberg News | October 26, 2022 | 7:45 am

Chile amends mining royalty bill with flat 1% ad valorem rate

Additional royalties would be assessed at rates fluctuating from 8% to 26% based on miners' operating margin.

Reuters | October 26, 2022 | 7:43 am

Marex to offer clients access to CME base metals contracts

The tie-up comes as CME expands its metals business and the LME faces dissatisfaction from some traders after turmoil in its nickel contract in March.

Reuters | October 25, 2022 | 4:50 pm

More near-term pain for copper companies despite strong fundamentals, analysts warn

Base metals prices have eased considerably in 2022, as demand has weakened while the dollar has strengthened.

Henry Lazenby | October 25, 2022 | 2:19 pm

Rio Tinto reiterates $3.3bn offer for Turquoise Hill after ISS recommends against deal

ISS on Monday had recommended Turquoise Hill shareholders to vote "against" the deal, joining the Canadian miner's second-largest shareholder Pentwater Capital Management.

Reuters | October 25, 2022 | 11:15 am

Norsk Hydro calls for EU, US sanctions on Russian aluminum

With recession looming, however, some business groups say bans on Russian aluminum would decimate European industry.

Reuters | October 25, 2022 | 9:30 am

LME partner Metalshub targets lower-content nickel trading

The lack of lower-content nickel trading on the LME was a factor that helped fuel a wild spike in LME nickel prices in March.

Reuters | October 25, 2022 | 9:14 am

Column: China may solve the LME’s Russian copper problem. But at a price

India also boosting its imports of Russian crude and coal, with both Asian giants taking advantage of the discounts on offer.

Reuters | October 25, 2022 | 8:05 am

Volkswagen: we have never had supply chain shortages like today

"We never used to talk to mining operators - now we know their business model," chief Murat Aksel said.

Reuters | October 25, 2022 | 7:40 am

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