Sanjeev Gupta’s Liberty gets financing for Dunkirk aluminium smelter

Rio Tinto and Liberty had announced a binding agreement on the sale of the Dunkirk site, Europe's largest aluminium smelter, in a deal expected to be worth $500 million, subject to final adjustments.

Reuters | November 9, 2018 | 12:27 pm

U.S. postpones sanctions deadline on Russian tycoon’s firms

U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2019.

Reuters | November 9, 2018 | 11:46 am

Top copper miner’s output slump adds to worry on metal shortfall

Codelco reported declines across all of its mines in September as ore grades fell an average of 5% in the first nine months of the year.

Reuters | November 9, 2018 | 11:26 am

Australia lithium miner Altura says it has signed offtake deal with China’s Ganfeng

The deal will see Altura supply Ganfeng with 8,000 tonnes of 6-percent spodumene concentrate this year and a minimum of 70,000 tonnes per year from 2019 to 2021.

Reuters | November 9, 2018 | 10:35 am

Gold falls to 1-month low as hawkish Fed boosts dollar

U.S. gold futures fell over 1 percent to $1,212.20 per ounce.

Reuters | November 9, 2018 | 10:13 am

Stung by Asian dominance, Germany pours cash into EV battery ventures

Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.

Reuters | November 9, 2018 | 9:52 am

China steel marks second weekly fall amid ample supply

The most actively traded rebar on the Shanghai Futures Exchange closed down 0.2 percent at 3,933 yuan ($566) a tonne, and lost 2.9 percent for the week.

Reuters | November 9, 2018 | 9:24 am

South Africa’s Gold Fields Q3 production down 3%

South Deep has faced numerous operational obstacles below the surface and is undergoing restructuring that would cut around about 1,100 jobs.

Reuters | November 9, 2018 | 9:15 am

Key festivals light up Indian demand

We were initially skeptical about Diwali demand but it jumped this week, despite higher prices - Harshad Ajmera, the proprietor of JJ Gold House

Reuters | November 9, 2018 | 8:57 am

Chile copper output hits 4.25m tonnes through September, up 7.3%

Chile, the world's top copper exporter, produced 4.25 million tonnes of copper in the first nine months of 2018.

Reuters | November 8, 2018 | 10:27 am

Abundant aluminium stocks and low prices conceal tight market

Aluminium is a metal key for the transport and packaging industries but at current prices about 40% of the world's aluminium production is losing money.

Reuters | November 8, 2018 | 10:20 am

Indonesia’s Inalum sells $4B in bonds to fund Freeport purchase

The deal came amid choppy global markets, rocked by trade concerns and slowing economic growth in Asia - including Indonesia.

Reuters | November 8, 2018 | 10:05 am

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