Copper fees plunge close to zero in test for China’s smelters China’s copper smelters are at a critical juncture after fees for processing imported ore collapsed to single figures. Bloomberg News | March 8, 2024 | 7:53 am
China coal group says peak demand imminent as clean power grows Coal is being displaced in the power sector due to a surge in wind and solar additions last year, says the China National Coal Association. Bloomberg News | March 8, 2024 | 3:05 am
Zinc price rallies as traders unwind bearish bets on better outlook Support has also come from a report this week that South Korea’s Young Poong Corp. cut production at its Seokpo smelter. Bloomberg News | March 7, 2024 | 2:40 pm
China splurges on gold for a 16th month as price hits record Bullion held by the People’s Bank of China rose by about 390,000 troy ounces last month. Bloomberg News | March 7, 2024 | 9:28 am
China’s copper smelters to discuss production cut as fees slump Smelters compete to treat concentrate but overseas mine disruptions are curbing supply, forcing them to drop their fees. Bloomberg News | March 6, 2024 | 5:47 pm
Jervois Global blames Chinese overproduction for job cuts The cobalt and nickel producer has axed or made part-time 30% of its senior corporate management roles. Bloomberg News | March 6, 2024 | 5:30 pm
Platinum’s worst crisis in decades hits jobs in South Africa The nation’s platinum sector — which accounts for about 70% of global output — has been a key export industry. Bloomberg News | March 6, 2024 | 10:11 am
China’s top coking coal miner calls on state to control supply Beijing should control mining activity, limit output and consolidate smaller producers into state-owned firms to “reduce disorderly competition,” Shanxi Coking Coal Energy Group Chairman Zhao Jianze said. Bloomberg News | March 6, 2024 | 3:35 am
Chinese money can’t be solution for cash-strapped Canadian miners, minister says Chinese investors will all have to go through a national security review, Natural Resources Minister Jonathan Wilkinson said Tuesday. Bloomberg News | March 5, 2024 | 1:40 pm
First Quantum expects to ship trapped Panama copper within weeks Unleashing the stockpile of semi-processed metal could generate between $200 million and $300 million based on today’s copper prices. Bloomberg News | March 5, 2024 | 10:45 am
First Quantum opens Panama mine for public visits in restart bid The miner also expects to secure authorization to sell more than 120,000 metric tons of copper concentrate stored near a port. Bloomberg News | March 5, 2024 | 7:48 am
SSR to pay for cleanup at Turkish gold mine, minister says Shares of SSR Mining have fallen 57% to $4.19 in US trading since the landslide. Bloomberg News | March 5, 2024 | 7:42 am
