Wild first half for metals drives big jump in LME earnings HKEX said core earnings from its commodities unit jumped by 82% from a year earlier. Bloomberg News | August 21, 2024 | 2:19 pm
Arab Gulf States double down mining efforts The Arab Gulf states, particularly Saudi Arabia and the UAE, are intensifying their focus on the mining sector to secure their economic futures. Jamil Hijazi | August 20, 2024 | 5:36 am
Hindalco misses first-quarter profit estimates on higher expenses The company reported profit below estimates, hurt by a jump in expenses tied to disruptions at its Novelis unit's Switzerland plant. Reuters | August 13, 2024 | 7:06 am
China’s Baosteel, Baowu Aluminum, Japan’s Kobe Steel to form JV The new company will produce aluminum sheets for China's domestic automobile manufacturers. Reuters | August 8, 2024 | 6:46 am
Vedanta tops Q1 profit estimates on higher aluminum, zinc prices Consolidated net profit surged 37% to 36.06 billion rupees (around $430 million). Reuters | August 6, 2024 | 9:21 am
Copper price hovers above 4-month low struck during global rout Zinc also extended losses while aluminum ticked up. Bloomberg News | August 6, 2024 | 7:18 am
Vedanta plans debt refinance to cut funding costs after upgrade The miner is in talks with banks to gauge investor appetite for refinancing a large part of $3 billion of bonds maturing between 2026 and 2028. Bloomberg News | August 5, 2024 | 8:09 am
Column: New horizons but same old problems for LME warehousing The Saudi Arabian port of Jeddah is the exchange's first new listing since Amsterdam in 2018. Reuters | August 2, 2024 | 8:33 am
Rio Tinto half-year profit meets estimates, expects good demand in China The world's largest iron ore producer reported underlying earnings of $5.8 billion for the six months. Reuters | July 30, 2024 | 3:22 pm
