Column: China’s strong iron ore imports diverge from weak steel output

The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue.

Guinea is among the world’s top producers of bauxite, a raw material used to produce aluminum.

Analysts have calculated an additional provision between about $3.5 billion and $3.6 billion to match BHP provisions for the year.

The industry says such a move would be disastrous for the sector, which fuels 2.5% of gross domestic product.

The metal in question is copper produced at the giant Grasberg mine in Indonesia.

Last week, palladium had fallen below platinum for the first time since 2018.

Vedanta Resources is saddled with $6.4 billion in outstanding debt, including a $4.5 billion payment due by fiscal 2025.

The gap in production for energy transition metals provides an opportunity for Canada.

First Quantum is exploring options to "manage its balance sheet," including selling smaller mines.