Shortages key to copper’s upward price trajectory to new peaks Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition. Reuters | April 23, 2024 | 4:54 am
Zijin cooperating with Congo probe after radiation detected in cobalt load Congolese authorities suspended the operating licence of Zijin's COMMUS mine over the radiation incident. Reuters | April 23, 2024 | 4:46 am
Boliden’s profit halves as strikes, bad weather weigh Operating profit fell 52% from 3.41 billion in the first quarter of 2023. Reuters | April 23, 2024 | 1:44 am
Canada’s planned capital gains tax hike may choke mining startups, dealmakers say In 2023 junior mining companies, which are still in the exploration stage, raised about C$1 billion through flow-through shares in Canada. Reuters | April 22, 2024 | 12:52 pm
Zijin’s Congo mine shipments returned due to radiation levels, ministry says Congolese mines minister suspended the copper and cobalt operation's licence while it investigated the issue. Reuters | April 22, 2024 | 12:11 pm
Potanin’s Interros calls Rusal claims about Nornickel asset sales ‘unfounded’ Rusal has alleged that the sale of some business units led to losses for Nornickel shareholders. Reuters | April 22, 2024 | 8:11 am
Column: China’s strong iron ore imports diverge from weak steel output China's first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell. Reuters | April 22, 2024 | 7:28 am
Iron ore price weakens amid waning China stimulus hopes, high portside stocks Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in China. Reuters | April 22, 2024 | 7:02 am
Nornickel cuts nickel production by 10% y/y in Q1 The company confirmed its 2024 production forecast, expecting nickel production to fall to 184,00-194,000 tons. Reuters | April 22, 2024 | 6:03 am
Sandvik’s Q1 core profit falls more than expected Operating profit before amortization and items affecting comparability was 5.28 billion crowns, versus 6.12 billion a year earlier. Reuters | April 22, 2024 | 5:38 am
Copper demand to boom as new technology drives power consumption, Trafigura says It is estimated that one third of the 10 million tons of new demand would come from the electric vehicle sector. Reuters | April 22, 2024 | 5:31 am
Nornickel moves closer to biggest buyer with plan for copper plant in China The Russian firm will close its Arctic copper plant and build one in China with an unnamed partner. Reuters | April 22, 2024 | 5:23 am