Dixie Gold agrees to friendly takeover by Australia’s Omnia Metals

The overall project-wide contained copper in indicated resources increased by 11% to 2.8 million tonnes.

The LME base metals index jumped by 10% in January as investors placed their bets on a resurgent Chinese economy.

Following a 45% rally in 2022, nickel has slumped 11% on the London Metal Exchange this year.

The all-scrip deal values ATAC at $18.7 million.

Thungela Resources CEO is promising to ratchet up production through the end of the next decade at least.

A stronger dollar is weighing on gold, with the metal “a little lower just based off that heading into tomorrow morning’s (CPI) number,” says analyst.

"The profits of steel mills have not improved," Huatai Futures analysts said.

Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets.

Indian businessman Prateek Gupta and his companies, against whom Trafigura secured a $625 million freezing order this week, have a checkered history in the trading world.