Iron ore price weakens amid waning China stimulus hopes, high portside stocks Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in China. Reuters | April 22, 2024 | 7:02 am
Nornickel cuts nickel production by 10% y/y in Q1 The company confirmed its 2024 production forecast, expecting nickel production to fall to 184,00-194,000 tons. Reuters | April 22, 2024 | 6:03 am
Sandvik’s Q1 core profit falls more than expected Operating profit before amortization and items affecting comparability was 5.28 billion crowns, versus 6.12 billion a year earlier. Reuters | April 22, 2024 | 5:38 am
Copper demand to boom as new technology drives power consumption, Trafigura says It is estimated that one third of the 10 million tons of new demand would come from the electric vehicle sector. Reuters | April 22, 2024 | 5:31 am
Nornickel moves closer to biggest buyer with plan for copper plant in China The Russian firm will close its Arctic copper plant and build one in China with an unnamed partner. Reuters | April 22, 2024 | 5:23 am
BHP aims to receive first ammonia-fuelled bulk carrier in 2026 BHP also plans to use bio-blended fuels for bunkering regularly to meet Europe's shipping emissions requirements. Reuters | April 22, 2024 | 5:14 am
South32’s third-quarter manganese production falls 7% The world's largest producer clocked manganese ore production of 1.2 million wet metric tons for the quarter ended March 31. Reuters | April 21, 2024 | 7:13 pm
Vale Indonesia shareholders approve rights issue plan The rights issue that will facilitate the acquisition of a stake by Indonesia's state mining holding company MIND ID. Reuters | April 20, 2024 | 11:31 am
Albemarle amongst recipients of tax credits under Biden’s clean energy drive Thirty five projects got a total of $1.93 billion in tax credits. Reuters | April 19, 2024 | 10:56 am
UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in Konkola Copper Mines. Reuters | April 19, 2024 | 8:29 am
Indonesia’s March refined tin exports down 19.4%, trade ministry says Exports of mining products from Indonesia have been affected by delays in approvals of annual work plans for mining companies. Reuters | April 19, 2024 | 8:04 am
Iron ore price set for second weekly gain on improving China demand Iron ore has gained more than 15% so far this month. Reuters | April 19, 2024 | 6:10 am
