Trafigura delivers large amounts of aluminum to LME for lucrative rent dealsTotal aluminum stocks in LME warehouses climbed 88% this week, to the highest level since January 2022.Reuters | May 10, 2024 | 7:29 am
Rio Tinto has not ruled out bid for Anglo American — reportWhile Rio has a smaller market capitalization than rival BHP,…Cecilia Jamasmie | May 10, 2024 | 6:45 am
Anglo American’s South Africa investors open to improved BHP bidThe investors, who collectively hold more than 15% of Anglo…Reuters | May 9, 2024 | 2:32 pm
US backs Australian, Brazil rare earths projects for up to $850 million If confirmed, this would be the first ever US investment in an Australian rare earths project. Reuters | March 7, 2024 | 3:56 pm
Zinc price rallies as traders unwind bearish bets on better outlook Support has also come from a report this week that South Korea’s Young Poong Corp. cut production at its Seokpo smelter. Bloomberg News | March 7, 2024 | 2:40 pm
China splurges on gold for a 16th month as price hits record Bullion held by the People’s Bank of China rose by about 390,000 troy ounces last month. Bloomberg News | March 7, 2024 | 9:28 am
Australia and Vietnam upgrade relations, to begin talks on critical minerals The ties upgrade marks the latest success for Communist-ruled Vietnam's "bamboo diplomacy". Reuters | March 7, 2024 | 9:05 am
Deep-sea mining could cost $500 billion in value destruction, study says The report "How to lose half a trillion" says that mining the seafloor could cost the industry $30 to $132 billion in value destruction. MINING.com Editor | March 7, 2024 | 3:00 am
China’s copper smelters to discuss production cut as fees slump Smelters compete to treat concentrate but overseas mine disruptions are curbing supply, forcing them to drop their fees. Bloomberg News | March 6, 2024 | 5:47 pm
Accelerating trends in metals and mining dealmaking: Q&A with Sidley M&A Partner Joseph Michaels advised Allkem in its merger with Livent, a transaction valued at $10.6 billion, and which created the world’s third largest lithium miner. Amanda Stutt | March 6, 2024 | 11:25 am
US imposes preliminary duties on aluminum extrusions from China, Indonesia, Mexico, Turkey The duties range from 1.45% to 169.66%, varying by country. Staff Writer | March 6, 2024 | 9:29 am
Gold price continues ascent to new highs, nears $2,150/oz Spot gold rose another 1% to a fresh high of $2,149.25 an ounce, surpassing Tuesday's intraday high of $2,141.60 an ounce. Staff Writer | March 6, 2024 | 8:47 am