SQM’s profit drops as lithium prices drag The miner posted a net profit of $580.3 million for the three months ended June. Reuters | August 16, 2023 | 6:02 pm
Chile’s president brings back Williams as mining minister in cabinet reshuffle Aurora Williams, who will replace Marcela Hernando, held the same position during the 2014-18 administration of former President Michelle Bachelet. Reuters | August 16, 2023 | 1:39 pm
Graphic: Demand headwinds mean no respite in pressure on aluminum prices Benchmark aluminum on the LME fell to a five-week low on Wednesday. Reuters | August 16, 2023 | 8:25 am
HKEX remains committed to LME – CEO The metal industry has speculated whether HKEX might sell either the LME or its clearing house, LME Clear, after a chaotic period last year. Reuters | August 16, 2023 | 7:44 am
Indonesia’s Jokowi calls on successor to continue commodity downstreaming A presidential election is due on Feb. 14 and the elected candidate will be sworn into office in October next year. Reuters | August 16, 2023 | 7:38 am
Citi buys large amounts of zinc for lucrative LME warehouse deal Much of the zinc going on LME warrant was sold into the system by Trafigura and Glencore. Reuters | August 16, 2023 | 7:33 am
Evolution Energy signs graphite supply deal with China-based BTR The company will supply about 90% of the product from the project to BTR under the three-year agreement. Reuters | August 15, 2023 | 6:12 pm
Esmark CEO says has money in bank account for $7.8 billion US Steel bid Chief executive James Bouchard said he had $10 billion available and Esmark itself had no debt. Reuters | August 15, 2023 | 1:22 pm
China’s Canmax resolves lithium offtake dispute with Premier African Minerals Canmax had moved to terminate the deal in June after Premier failed to start delivering the lithium concentrate as promised. Reuters | August 15, 2023 | 9:59 am
Column: China’s iron ore imports may hold up despite gloomy economy The Chinese central bank cut policy rates on Tuesday, the second reduction in three months. Reuters | August 15, 2023 | 8:32 am
Weak demand sends near-term LME aluminum discount to highest since 2008 The LME benchmark three-month aluminum contract dropped to its lowest since July 7. Reuters | August 15, 2023 | 7:45 am
Miners face ‘considerable challenges’ meeting demand from US climate law – study Nickel and cobalt supplies are unlikely to satisfy demand, S&P Global said in a report. Reuters | August 15, 2023 | 7:41 am
