India’s JSW Steel sees exports at more than 10% of 2022/23 sales JSW Steel expects exports to pick up in the current quarter, boosted by the withdrawal of an export tax. Reuters | January 21, 2023 | 12:22 pm
Nornickel management proposes 76% dividend cut Nornickel has proposed slashing its annual dividend for 2022 to $1.5 billion from the $6.3 billion paid out for 2021. Reuters | January 21, 2023 | 12:13 pm
Glencore’s Antapaccay copper mine attacked, fire breaks out Video footage published by the company on its Facebook page shows people putting flammable material near the mine. Reuters | January 20, 2023 | 12:08 pm
ERG sees copper rising on high demand, supply worries The world's green energy transition will drive a new commodity supercycle, especially as inventories are at historical lows, Benedikt Sobotka said. Reuters | January 20, 2023 | 9:29 am
Global aluminum output rises 6.1% y/y in December Estimated Chinese production was 3.47 million tonnes in December. Reuters | January 20, 2023 | 9:01 am
Fortescue sees renewables overtaking iron ore business "I think we will see renewable energy play a very big part of our overall earnings in the future," said the company's global green ambassador. Reuters | January 20, 2023 | 8:28 am
Bakrie Group seeks nickel mine, partners up for $9 billion EV project The Indonesian conglomerate is looking to acquire a nickel mine in the resource-rich island of Sulawesi. Reuters | January 20, 2023 | 8:16 am
China’s copper costs driven up by Maike’s woes, output glitches The premium that buyers pay above futures prices for domestic copper have surged since the second half of last year. Reuters | January 20, 2023 | 8:02 am
Bolivia taps Chinese battery giant CATL to help develop lithium riches Bolivia's iconic salt flats are home to the world's largest lithium resources at 21 million tonnes. Reuters | January 20, 2023 | 7:51 am
Record open interest in CME Group’s copper options Copper Options average daily volume was at 12,513 contracts month-to-date, up 410% versus a year ago. Reuters | January 19, 2023 | 5:33 pm
Column: Exchanges diversify as base metals trade shrinks in 2022 Volumes have fallen every month year-on-year since the suspension of nickel trading and the decision to cancel trades. Reuters | January 19, 2023 | 10:46 am
Australian state says coal miners must keep up to 10% for local needs The NSW Minerals Council said the policy would have little impact on electricity prices but could upset trade partners. Reuters | January 19, 2023 | 9:39 am