Vale mulling base metals partnership, CEO says Vale had announced last month a reorganization of its Brazil base metals business, which includes copper and nickel assets. Reuters | October 28, 2022 | 10:10 am
Codelco profits slump 50% to September, cuts production target Company said a "significant drop of 12% in the price of copper sales" compared to the previous year explained almost half of the drop in profits. Reuters | October 28, 2022 | 9:38 am
Citi pumps aluminum into LME warehouse system, sources say Most of the recent aluminum flowing into LME warehouses is not newly made, and produced in India or the Middle East. Reuters | October 28, 2022 | 8:21 am
Stellar copper demand from Chinese solar makers seen slowing in 2023 – CRU European demand for the country's solar products has already started to cool. Reuters | October 28, 2022 | 8:00 am
Top investor opposes Gold Fields’ takeover of Yamana Joe Foster, who manages gold funds at investment firm VanEck, said the merger would create a more complex company with not much synergy. Reuters | October 28, 2022 | 7:52 am
Vedanta profit drops 61% as metal prices fall, expenses surge Total expenses surged 43%, with power and fuel charges nearly doubling. Reuters | October 28, 2022 | 7:43 am
Tharisa issues $50m bond for Zimbabwe platinum mine build The bond, which is not rated, is the first issued on Zimbabwe's Victoria Falls Stock Exchange. Reuters | October 28, 2022 | 7:37 am
Chile’s copper production falls in September; industrial output also down The country's statistics agency said the drop was due to lower-grade ore and less processing during the period. Reuters | October 28, 2022 | 7:34 am
Glencore cuts zinc output guidance after production drops 18% in nine months The forecast comes as the Ukraine war, strikes and floods hit production of five commodities mined by the company. Reuters | October 28, 2022 | 5:31 am
Vale Q3 net beats estimates, helped by forex gains The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs. Reuters | October 27, 2022 | 6:55 pm
Grupo Mexico posts narrower quarterly profit as mining sales fall Revenues stood at $3.12 billion, down 14.6% from the year-ago period and missing a Refinitiv forecast of $3.19 billion. Reuters | October 27, 2022 | 6:14 pm
US developing domestic uranium strategy – Energy Secretary The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear power plants. Reuters | October 27, 2022 | 8:21 am