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
AbraSilver gets $15m investment from Kinross, Argentina power provider Proceeds will go towards the Diablillos project in Argentina, which recently advanced to the pre-feasibility stage. Staff Writer | April 22, 2024 | 6:51 am
New Found grows portfolio with Labrador Gold project buy The company is acquiring Labrador Gold’s Kingsway asset located nearby its Queensway gold project in Newfoundland. Staff Writer | April 22, 2024 | 6:42 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
Copper price hones in on $10,000/t as supply angst continues Copper climbed as much as 1.1% early Monday to reach $9,988 a ton. Bloomberg News | April 22, 2024 | 5:59 am
Huayou cuts lithium production, costs on battery metals rout The Chinese firm said its inventory levels for lithium products expanded by more than 3,900% last year. Bloomberg News | April 22, 2024 | 5:51 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