A fifth of copper smelting capacity suspended in May, data shows Global inactivity reached 25.4% on May 8, with seasonal maintenance closures remaining a key feature, Earth-i said. Reuters | June 12, 2024 | 11:28 am
New Caledonia nickel industry at standstill amid unrest The riots sparked last month by electoral reform in the French-controlled territory has deepened a crisis for New Caledonia's loss-making nickel sector. Reuters | June 12, 2024 | 11:27 am
Zambia to set up mineral investment and trading unit The country, which produced 698,000 tonnes of copper in 2023, is targeting 3 million tonnes in annual output within the next decade. Reuters | June 12, 2024 | 7:43 am
Tsingshan plans another 50,000t nickel LME listing this year The company already listed nickel cathode from its Dingxing plant on the LME in the second quarter. Reuters | June 12, 2024 | 7:35 am
South Korea, Kazakhstan sign minerals deals as Seoul moves to diversify supply chain Stable supply of critical minerals is considered crucial, as South Korea lacks natural resources. Reuters | June 12, 2024 | 7:30 am
Indonesia nickel firm in talks with Glencore ahead of 2025 listing The company is in talks to secure a stake sale to Glencore ahead of the listing as Ceria sets out to build an $8 billion nickel complex. Reuters | June 12, 2024 | 7:25 am
Gold rush to endure through 2024, though $3,000 mark may prove elusive Spot gold is trading around $2,300 per ounce after hitting a record $2,449.89 on May 20. Reuters | June 12, 2024 | 7:20 am
MMG to invest $700 million to double copper output at Botswana mine MMG announced in March that it had completed a deal to buy Canada-based Cuprous Capital, the parent company of Khoemacau mine. Reuters | June 12, 2024 | 7:15 am
Gold rush grips Asia despite near-record prices Retail investors have been pouring money into the safe-haven asset, with the metal finding increased acceptance among younger buyers. Reuters | June 11, 2024 | 4:52 pm
US court receives offers for Citgo’s parent, credit bid submitted The share auction was organized in Delaware to pay creditors including oil producer ConocoPhillips and miners Rusoro, Crystallex and Gold Reserve. Reuters | June 11, 2024 | 4:05 pm
Column: China’s strong iron ore imports contrast with weak steel output China imported 102 million tonnes in May, marking a third straight month of arrivals of more than 100 million tonnes. Reuters | June 11, 2024 | 1:22 pm
US imposes sanctions on Guyanese mining magnate over alleged fraud The sanctions, which target three of Nazar Mohamed's companies as well as a Guyanese government official. Reuters | June 11, 2024 | 12:09 pm
