Usiminas results hurt by $321.3m steelmaking impairment In 2022, Usiminas sold 8.64 million tonnes of iron ore. Reuters | February 10, 2023 | 3:44 am
MMG secures supplies to continue copper production at reduced rate in Peru At normal times, the Las Bambas mine accounts for some 2% of the global supply. Reuters | February 9, 2023 | 7:20 pm
US rare earth firm ropes in former top diplomat Pompeo as strategic advisor Former Secretary of State Mike Pompeo has joined USA Rare Earth as a strategic advisor. Reuters | February 9, 2023 | 7:15 pm
Russian metal makes up 42% of LME warehouses’ stocks – report Last year, the LME decided not to ban Russian metal from being traded and stored in its system. Reuters | February 9, 2023 | 1:28 pm
Botswana warns of dangers in dash for African minerals Botswana is reviewing its mines and minerals legislation to "tighten up" laws on mine rehabilitation. Reuters | February 9, 2023 | 12:22 pm
Canada to not permit sea floor mining without ‘rigorous’ regulations Any decision on whether to allow seabed mining needed to be "informed by science" and protect ecosystems while also weighing economic and social effects, according to the joint statement. Reuters | February 9, 2023 | 12:02 pm
Redwood Materials wins $2bn DOE loan for EV materials plant The funds will be used to build out a $3.5 billion recycling and re-manufacturing complex in Nevada. Reuters | February 9, 2023 | 10:17 am
Polymetal negotiates to keep London listing as GDRs Polymetal is negotiating to keep its listing in the form of global depositary receipts after the company moves to Kazakhstan. Reuters | February 9, 2023 | 4:37 am
Hindalco posts 63% slump in Q3 profit, sees “much better” Q4 Profit more than halved at Hindalco's aluminum upstream segment, which includes bauxite and coal. Reuters | February 9, 2023 | 4:28 am
Future Mexican lithium tie-ups must give govt majority stake: LitioMx CEO President Lopez Obrador created LitioMX, formally known as Litio Para Mexico, by decree last August. Reuters | February 9, 2023 | 4:20 am
Africa gears up to keep more of the profits from lithium boom Lithium-rich countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries. Reuters | February 9, 2023 | 4:14 am
Fortescue Metals preparing to cut up to 1,000 jobs The cuts would be across Fortescue Future Industries, a clean energy subsidiary focused on producing hydrogen. Reuters | February 9, 2023 | 4:04 am