IMF urged to cash in on gold price to help poor countries hit by climate change Sale of 4% of reserves could generate $9.52 billion. Reuters | November 13, 2024 | 7:13 am
China should use more aluminum and recycled copper, industry says China depends on overseas imports for 60% of its aluminum resources as opposed to 70% of its copper resources. Reuters | November 12, 2024 | 5:10 pm
Mosaic misses quarterly profit estimates, finance chief to retire Mosaic had cut its Q3 production forecast following equipment failures in Canada and hurricanes at the US Gulf Coast. Reuters | November 12, 2024 | 5:50 am
Vulcan Energy gets $106 million funding from German ministry Shares of Vulcan Energy surged as much as 16.8% to a more than 18-month high on Tuesday. Reuters | November 12, 2024 | 5:45 am
Vale signs deals for free market natural gas supply Under the free energy market, Vale will be able to negotiate prices directly with its suppliers. Reuters | November 12, 2024 | 5:39 am
Mubadala prepares for sale of Brazil’s Porto Sudeste, Mina Gerais iron ore mines Formed in 2016, the project includes two mines and their processing units. Reuters | November 11, 2024 | 10:22 am
Hindalco beats Q2 profit view on higher aluminum prices The benchmark aluminum and copper prices on the LME rose 20% and 24%, respectively, from the second quarter of last year. Reuters | November 11, 2024 | 9:18 am
Column: Copper views Trump win through Chinese lens Donald Trump's win has not sparked a repeat of the explosive copper rally which followed his unexpected victory in 2016. Reuters | November 11, 2024 | 9:09 am
Codelco offers copper to Chinese clients at a premium of $89/t The copper premium, a fee on top of the London Metal Exchange prices charged to buyers, is a demand indicator for the metal widely used in power networks. Reuters | November 11, 2024 | 8:45 am
Chilean regulator charges Codelco smelter over emissions violation The charges are related to alleged emissions violations at its Potrerillos copper smelter in the Atacama region. Reuters | November 11, 2024 | 8:40 am
Australian iron ore giants’ shares sink on disappointing China stimulus Analysts at Citi last week forecast a grim near-term outlook for iron ore prices, expecting iron ore to average $85 per tonne in 2026. Reuters | November 11, 2024 | 8:36 am
Liontown Resources trims output plans for Kathleen Valley, flags cost cuts Liontown also flagged up to A$100 million in cost reduction and deferrals expected to be captured during its business optimization program. Reuters | November 10, 2024 | 3:56 pm
