UK coal mine decision delayed as politics intervenes British Prime Minister Boris Johnson announced his resignation today and said he would continue to serve in post until his party selects a new leader. Reuters | July 7, 2022 | 7:08 am
Peru copper output drops 11.2% in May after stoppage at key mine The Las Bambas mine was paralyzed from the second half of April to early June. Reuters | July 6, 2022 | 11:18 am
Trafigura buys Germany’s Ecobat Stolberg lead plant The Ecobat plant was among several German industrial units damaged by massive flooding in the country's west and south last year. Reuters | July 6, 2022 | 7:39 am
Potanin a major obstacle to $60 billion Rusal, Nornickel merger Potanin has said a tie-up could strengthen the companies' defences against any sanctions the West might impose on them. Reuters | July 6, 2022 | 6:39 am
Posco to invest $136 million in Mexican plant by 2030 Posco will start construction on the plant on Wednesday, with an initial price tag of $43 million. Reuters | July 5, 2022 | 10:14 am
Bank of England takes deep dive into ‘opaque’ commodities Big UK banks have up to 50% of their total core capital of gross exposure to commodity producers, suppliers, and traders, and to commodity derivatives. Reuters | July 5, 2022 | 7:26 am
Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine An industry source and a civil society source told Reuters that exports were continuing as normal, despite the order. Reuters | July 5, 2022 | 7:19 am
Russia’s Potanin weighs big metals merger as defence against sanctions Nornickel-Rusal merger would create national champion and would also help to resist sanctions, Potanin said. Reuters | July 5, 2022 | 5:08 am
Australian gold miner Genesis in merger talks with rival St Barbara A potential combination would give Genesis control of St Barbara's prized Gwalia gold mine in Leonora. Reuters | July 4, 2022 | 7:25 pm
Metals melt down as recession fears overwhelm supply woes Industrial metals have gone from boom to bust in the space of only three months, writes Andy Home. Reuters | July 4, 2022 | 1:07 pm
Chile’s copper production drops 2.5% in May Production from state-owned giant Codelco fell 6.3% on a year-on-year basis to 142,900 tonnes. Reuters | July 4, 2022 | 1:05 pm
Battery material lithium isn’t a health threat – industry groups A proposal by the European Chemicals Agency wants to classify lithium salts as dangerous for human health. Reuters | July 4, 2022 | 12:50 pm