Subsidiary of Gecamines secures $75 million to build new unitSTL will produce copper cathodes, cobalt hydroxide, a germanium precipitate, silver concentrate and zinc oxides.Reuters | April 11, 2023 | 7:25 am
Glencore sweetens offer for Teck with $8.2bn cash incentiveRevised bid gives Teck’s shareholders the option to receive cash…Cecilia Jamasmie | April 11, 2023 | 5:53 am
One of Teck Resources’ top investors backs separation planEgerton Capital UK said it will support proposal to separate…Cecilia Jamasmie | April 11, 2023 | 3:26 am
Panama to receive First Quantum’s plan for power plant conversion by June The plant conversion could be a milestone in a clean energy plan that aims to cease the use of bunker and coal for power generation by December 2023. Reuters | February 9, 2022 | 12:57 pm
Copper price: Global stocks are down to three days’ consumption October 2021’s copper squeeze sent the bellwether metal into record territory – now warehouses again only have enough metal to last a long weekend. Frik Els | February 9, 2022 | 9:11 am
The commodity gauges that underpin Goldman’s uber-bullish view There are more commodities futures contracts trading in backwardation than at any point since at least 1997. Bloomberg News | February 8, 2022 | 12:46 pm
New LME stocks squeeze is creeping up on Doctor Copper LME copper stocks give every appearance of experiencing a second grab-it-while-you-can impulse wave, writes Andy Home. Reuters | February 8, 2022 | 6:46 am
British Columbia denies permit for Morrison copper-gold mine again The project in the Canadian province has been stuck in the environmental assessment stage for 19 years. Cecilia Jamasmie | February 8, 2022 | 3:44 am
Americans face record metals prices as shipping costs surge Supply-chain snags dominated headlines through most of 2021, catapulting commodities prices to the highest in more than a decade. Bloomberg News | February 7, 2022 | 10:10 am
Goldman commodity veteran says he’s never seen a market like it "We’re out of everything – I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it,” says Jeff Currie. Bloomberg News | February 7, 2022 | 6:49 am
BHP to cut emissions by 30% with first LNG-powered bulk carrier BHP unveiled the world's first liquefied natural gas-fuelled bulk carrier vessel in Singapore, one of five the mining giant will take delivery of in 2022 as part of efforts to cut supply chain emissions. Cecilia Jamasmie | February 7, 2022 | 6:47 am
Rio Tinto’s dreadful workplace report may boost cost of energy transition It would be reasonable to assume that the issues raised are not limited to just Rio, writes Clyde Russell. Reuters | February 7, 2022 | 6:03 am