Deep contango in LME base metals signals weak nearby buying interestSpot prices for copper and aluminum in London have moved to sharply deeper discounts to the three-month contract this week.Reuters | June 11, 2024 | 10:34 am
Indonesia considers terminating permits for some nickel pig iron productionThe world's biggest nickel producer is experiencing a rapid depletion…Reuters | June 11, 2024 | 7:48 am
Canada adds high-purity iron, phosphorus, silicon metal to critical minerals listThe list now identifies 34 minerals and metals deemed essential to…Staff Writer | June 10, 2024 | 1:37 pm
Chile sees record copper production next year The output of the red metal would be a 6% increase from the 5.51 million tons expected to be produced this year. Reuters | April 23, 2024 | 12:55 pm
Copper price at risk of pullback as buying in China stalls after rally Fabricators have struggled to pass on higher costs to their customers, forcing them to rein in purchases since March, one copper trader said. Bloomberg News | April 23, 2024 | 8:55 am
JP Morgan, UBS led all mining M&A financial advisers by deal value in Q1 — report According to Aurojyoti Bose, lead analyst at GlobalData, the involvement in the $2.2 billion Alcoa-Alumina M&A deal helped these two firms top the chart by value. Staff Writer | April 23, 2024 | 8:18 am
Iron ore price slides to nearly one-week low on subdued Chinese steel market Steel consumption was suppressed in the short term due to rainy weather in southern regions of China. Reuters | April 23, 2024 | 7:35 am
Zuma’s party wants to nationalize land, mines in South Africa MKP wants to nationalize strategic mines, ArcelorMittal South Africa Ltd. and Sasol Ltd. Bloomberg News | April 23, 2024 | 7:29 am
China loses appetite for Russian coal as import costs rise Russian exports plunged 22% in the first quarter after Beijing imposed a tax regime that favors some of Russia’s rivals. Bloomberg News | April 23, 2024 | 7:20 am
China can’t quit coal by 2040, researchers say, despite global climate goals Norwegian risk assessment firm DNV said China's coal consumption will see a "minor uptick" in the next two years. Reuters | April 23, 2024 | 5:06 am
Shortages key to copper’s upward price trajectory to new peaks Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition. Reuters | April 23, 2024 | 4:54 am
Chinese nickel billionaire boosts Australian miner in Indonesia In under a decade, Nickel Industries Ltd. has gone from a relatively small miner to the world’s sixth-biggest producer of the metal. Bloomberg News | April 22, 2024 | 2:41 pm