Nornickel forecasts lower global nickel surplus, bigger palladium deficitThe miner expects surplus to be about 100,000 metric tons this year, down from a previous estimate of 190,000 tons.Reuters | May 30, 2024 | 6:54 am
BHP walks away from proposed $49bn takeover of Anglo AmericanLess than an hour before the 5 p.m. UK cut…Cecilia Jamasmie | May 29, 2024 | 4:05 am
Nornickel board proposes no dividend for 2023 resultsNornickel failed to pay dividends on its 2022 results but…Reuters | May 23, 2024 | 7:05 am
Platinum’s shortage to persist as EV slowdown fuels demand Demand for the metal in autocatalyst is expected to rise about 2% for the whole year. Bloomberg News | May 13, 2024 | 7:05 am
Platinum, palladium, rhodium prices seen down in 2024 despite deficit, Metals Focus says Average prices are expected to fall this year compared with 2023 despite another year of structural deficit. Reuters | May 13, 2024 | 6:53 am
Anglo investors tell company to move faster to survive BHP bid Anglo shareholders have been urging the company to explain how it would create more value than by just selling to the rival. Bloomberg News | May 11, 2024 | 11:44 am
Sibanye seeks to loosen borrowing restrictions as earnings plunge Sibanye CEO Neal Froneman said in the update that declining earnings could impact the company's debt covenants. Reuters | May 10, 2024 | 9:23 am
Rio Tinto has not ruled out bid for Anglo American — report While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American. Cecilia Jamasmie | May 10, 2024 | 6:45 am
Anglo American’s South Africa investors open to improved BHP bid The investors, who collectively hold more than 15% of Anglo American, told FT that BHP would need to sweeten its offer. Reuters | May 9, 2024 | 2:32 pm
Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey The autocatalyst maker said it expected the platinum market's deficit to increase to 598,000 ounces this year. Reuters | May 8, 2024 | 4:12 pm
South African unions urge Anglo holders to reject BHP bid BHP’s proposal includes a plan for Anglo to spin off its Johannesburg-listed platinum and iron ore units before an eventual takeover. Bloomberg News | May 7, 2024 | 7:48 am
BHP insists Anglo American’s South African assets must go in any takeover BHP sees advantages for South Africa in a distribution of Anglo American stakes in Amplats (78.6%) and kumba Iron Ore (69.7%). Reuters | May 7, 2024 | 4:46 am