China supply concerns boost aluminum prices China's Yunnan province has asked aluminum producers to reduce power consumption by 40-42% from September levels. Reuters | February 21, 2023 | 8:08 am
Nickel market oversupplied by 112,200 tonnes in 2022, INSG says The global nickel market recorded a deficit of 166,600 tonnes in 2021. Reuters | February 21, 2023 | 7:58 am
G20 watchdog says commodity market concentration poses threat to wider economy The FSB said vulnerabilities in commodities are similar to those in non-bank financial intermediaries. Reuters | February 21, 2023 | 7:31 am
Antofagasta slashes annual dividend after profit falls Antofagasta declared a final dividend of 50.5 cents per share for investors. Reuters | February 21, 2023 | 7:25 am
Uganda to set up state mining firm, take equity in licences Country has large deposits of a gold, cobalt, copper, iron ore, rare earths, vermiculite and phosphates. Reuters | February 21, 2023 | 7:10 am
Allkem cuts Mt Cattlin annual production view on lower-grade ore Lithium miner said it now expected fiscal 2023 spodumene concentrate production from Mt Cattlin in the range of 114,000 tonnes to 124,000 tonnes. Reuters | February 20, 2023 | 4:23 pm
Magnis in deal with Tesla to supply graphite for electric vehicle batteries Agreement is for a minimum three-year term to supply up to 35,000 terapascal anode active materials beginning February 2025. Reuters | February 20, 2023 | 2:36 pm
BHP eyes demand green shoots in China as profit slumps Miners have wrestled with surging costs and a tight labour market amid sharply lower iron ore prices over the latter half of 2022, as China's strict zero-covid-19 policy curtailed economic activity. Reuters | February 20, 2023 | 1:44 pm
India opposes Vedanta’s $3bn zinc assets sale, rekindling debt worries The Ministry of Mines urged Hindustan Zinc to "explore other cashless methods" to acquire the assets. Reuters | February 20, 2023 | 9:03 am
Pilbara Minerals sells spodumene cargo tied to lithium hydroxide prices Earlier this month its chief executive told press the developer had around 200,000 tonnes of spodumene to sell. Reuters | February 19, 2023 | 4:41 pm
Mexico President orders ministry to step up lithium nationalization Studies suggest Mexico may have some 1.7 million tonnes of lithium. Reuters | February 19, 2023 | 9:17 am
Ola plans $920m India investment in electric cars, batteries The SoftBank Group-backed company's cumulative production numbers topped 100,000 in November. Reuters | February 18, 2023 | 1:46 pm