India’s Jindal takes on operations at Venezuela’s largest iron ore mill Jindal aims to export 600,000 metric tons of the raw material per month by the end of the year. Bloomberg News | March 21, 2024 | 8:17 am
Copper price resumes rally as Fed rate signals boost industrial metals The metal has gained more than 10% over the past six weeks, boosted by supply risks. Bloomberg News | March 21, 2024 | 5:59 am
China’s imports of Russian coal slump as import taxes bite Russia is still China’s No. 2 supplier after Indonesia, but the threat of trade actions could start to affect its eastward flows. Bloomberg News | March 21, 2024 | 3:29 am
Australian coal miners woo private capital as banks get leery Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks that are held back by ESG concerns. Bloomberg News | March 20, 2024 | 5:11 pm
China’s copper smelters to discuss fees as crisis roils sector Smelters including Jiangxi Copper and Tongling Nonferrous Metals Group will meet in Shanghai next Thursday, according to Bloomberg. Bloomberg News | March 20, 2024 | 10:10 am
China’s exports of graphite for batteries rise from December low The overseas sales rose to 10,722 tons in February, compared to 3,973 tons in December. Bloomberg News | March 20, 2024 | 6:55 am
Alleged $600 million nickel fraudster can’t pay his bills Prateek Gupta was last year accused by commodities giant Trafigura Group of orchestrating a massive fraud against it. Bloomberg News | March 19, 2024 | 10:51 am
Implats’ Zimbabwe unit plans voluntary job cuts to contain costs Weak platinum group metal prices are projected to last for the next 12 to 18 months. Bloomberg News | March 18, 2024 | 12:44 pm
Copper price hits new 11-month high with global rate policy in focus Prices climbed as much as 1% to $9,164.50 a ton on the London Metal Exchange. Bloomberg News | March 18, 2024 | 11:11 am
South Africa optimistic for tax breaks to kick-start EV industry South Africa has abundant supplies of raw materials vital for the manufacture of lithium-ion batteries. Bloomberg News | March 18, 2024 | 9:14 am
Global commodity trading profits topped $100 billion for second-best year ever While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009. Bloomberg News | March 18, 2024 | 7:57 am
China coal output posts first decline since Beijing ordered more Coal production dropped 4.2% from a year earlier for January and February combined, the first year-on-year decline since September 2021. Bloomberg News | March 18, 2024 | 7:28 am
