Automakers need more time to meet US minerals requirements for EVs – execs New restrictions on battery sourcing and critical minerals, along with price caps and income caps, take effect on Jan. 1. Reuters | October 19, 2022 | 10:26 am
LME copper stocks plunge again as metal heads to China The amount of available copper in the London Metal Exchange's warehouse network has halved over the last eight days. Reuters | October 19, 2022 | 8:33 am
Biden awards $2.8 billion to boost US minerals output for EV batteries Albemarle and Piedmont are among the 20 manufacturing and processing companies winning US Energy Department grants. Reuters | October 19, 2022 | 8:25 am
Glencore delivers Russian-origin aluminum into LME system Stocks of aluminum in LME warehouses jumped 65,825 tonnes to 433,025 tonnes on Friday. Reuters | October 19, 2022 | 7:39 am
Baker Hughes taps Newmont’s Nancy Buese as finance chief Newmont had said that Buese will step down, and be replaced by insider Brian Tabolt on an interim basis. Reuters | October 19, 2022 | 7:31 am
China may buy more Russian copper to blunt expected premium hike Premiums of physical copper sales to China in 2023 are expected to rise to between $150 to $210 per tonne over the benchmark London Metal Exchange price. Reuters | October 19, 2022 | 6:49 am
Global copper market to see 155,000 tonne surplus in 2023, says ICSG World refined copper production is forecast to rise by about 2.8% in 2022 and 3.3% in 2023. Reuters | October 19, 2022 | 6:42 am
Indonesia tells tin industry to be prepared for an export ban Metals such as nickel have already seen an export ban. Reuters | October 19, 2022 | 6:35 am
Antofagasta forecasts copper output up to 710,000 tonnes in 2023 The Chilean miner also said it produced 181,900 tonnes of copper in the third quarter of the current year. Reuters | October 19, 2022 | 6:31 am
Whitehaven Coal posts 23% drop in output on flood woes Australia's largest independent coal miner reported managed run-of-mine coal production of 4 million tonnes for the quarter ended Sept. 30. Reuters | October 18, 2022 | 2:47 pm
BHP quarterly iron ore production rises on lower covid-19 impacts The world's largest miner said iron ore production from Western Australia was 72.1 million tonnes in the quarter ended September 30. Reuters | October 18, 2022 | 2:44 pm
Russian central bank sees no need in raising gold holdings Western sanctions, imposed shortly after Moscow sent its troops to Ukraine on Feb. 24, froze around half of Russia's gold and forex reserves. Reuters | October 18, 2022 | 12:48 pm