Russian metal makes up 42% of LME warehouses’ stocks – report Last year, the LME decided not to ban Russian metal from being traded and stored in its system. Reuters | February 9, 2023 | 1:28 pm
Barrick’s gold reserves grow to 78 million oz. in 2022 Barrick’s profile as a copper producer is also growing. Staff Writer | February 9, 2023 | 11:03 am
Redwood Materials wins $2bn DOE loan for EV materials plant The funds will be used to build out a $3.5 billion recycling and re-manufacturing complex in Nevada. Reuters | February 9, 2023 | 10:17 am
CHART: Copper exploration budgets jump, but major discoveries elusive The increase in global copper resources is mostly from 1990s discoveries and the last decade of exploration has been particularly unrewarding, says new report. Frik Els | February 9, 2023 | 10:10 am
Copper price extends gains on hopes for less aggressive interest rate increases Meanwhile, New York Federal Reserve President said that monetary policy will need to be restrictive of growth for a few years. MINING.COM Staff Writer | February 9, 2023 | 5:11 am
Hindalco posts 63% slump in Q3 profit, sees “much better” Q4 Profit more than halved at Hindalco's aluminum upstream segment, which includes bauxite and coal. Reuters | February 9, 2023 | 4:28 am
Ivanhoe Mines seeking strategic partner to mine more copper in Congo The company's founder, Robert Friedland, said he might bring in a minority partner to help develop DRC copper assets. MINING.COM Editor | February 9, 2023 | 4:13 am
General Motors competes for stake in Vale’s base metals unit Automakers have been stepping up efforts to lock in supplies of nickel and copper. Bloomberg News | February 8, 2023 | 8:31 am
Copper price rises on Fed’s comments The dollar eased after Fed chair failed to offer fresh signs of a hawkish push-back against a resilient labor market in the US. MINING.COM Staff Writer | February 8, 2023 | 5:12 am