Major Chinese copper trader sees glut weighing on prices in 2024 “We are not very optimistic about copper prices,” said the head of copper trading at Shanghai Wooray Metals. Bloomberg News | November 15, 2023 | 10:32 am
World’s best-performing big IPO is about to get an extra boost PT Amman Mineral climbed as much as 2.5% to a record high after MSCI announced it will be added to its global standard indexes. Bloomberg News | November 15, 2023 | 10:10 am
Hong Kong ousts Dubai as biggest hub for Russian gold trade The city has long been a key conduit for bullion entering the Chinese mainland — the world’s biggest consumer market. Bloomberg News | November 15, 2023 | 10:01 am
EU makes deal to boost domestic supply of key raw materials The deal includes regulations covering 34 critical raw materials vital to the clean-tech transition. Bloomberg News | November 15, 2023 | 7:56 am
Australian miner signs deal with science agency to recover vanadium The agreement gives Tivan Ltd. an exclusive 20-year worldwide licence, except in India, for use of the CSIRO’s intellectual property. Bloomberg News | November 14, 2023 | 3:17 pm
Canada to ‘carefully’ review Glencore deal for Teck’s coal Teck needs approval from 11 jurisdictions — including countries where it ships coal — to complete the sale of the business. Bloomberg News | November 14, 2023 | 2:52 pm
China copper giant’s downfall sealed as court accepts bankruptcy Maike Metals was until recently responsible for more than a quarter of China’s copper imports. Bloomberg News | November 14, 2023 | 2:20 pm
Australian dealmakers rush to save $24 billion worth of deals “Deals continue to be done, but deals take longer,” a Sydney-based partner at law firm Ashurst LLP said. Bloomberg News | November 14, 2023 | 1:58 pm
Congo’s copper and cobalt trucks on move as strike ends The drivers stopped shipping the green-energy metals from the mining hub of Kolwezi around the end of October. Bloomberg News | November 14, 2023 | 11:00 am
China’s booming copper output leaves less space for Codelco Codelco is shipping less of the metal to China after a burst of new domestic capacity in the Asian nation. Bloomberg News | November 14, 2023 | 8:40 am
Zimbabwe platinum miners ask government to defer export tax Miners have asked the government to defer its planned 5% export tax on concentrates. Bloomberg News | November 14, 2023 | 7:59 am
China tightens grip on copper, key to world’s energy transition China is in the midst of a breakneck expansion of its copper industry that’s reshaping global flows of the essential metal for the world’s energy transition. Bloomberg News | November 13, 2023 | 1:12 pm