Lithium trading hits record on CME as funds seize budding market The drop in lithium prices has flipped the market into a contango, creating opportunities for funds. Bloomberg News | April 2, 2024 | 8:10 am
Iron ore’s reset to $100 heralds China’s new economy shift Iron ore’s weakness comes amid tentative signs that the wider economy is beginning to heal. Bloomberg News | April 2, 2024 | 7:41 am
Shanghai exchange to work on nickel futures internationalization The Shanghai exchange will look to take advantage of restructuring in the global nickel pricing system, its deputy general manager said. Reuters | April 2, 2024 | 7:04 am
Deutsche Bank says Glencore may weigh listing move to US The firm’s primary listing could come into focus due to a lack of shareholder support for a plan to split off its coal business and list it separately in New York. Bloomberg News | April 2, 2024 | 6:40 am
Electra Battery to source cobalt from Eurasian Resources for Ontario refinery Once fully commissioned, the refinery could produce sufficient cobalt for up to 1.5 million electric vehicles annually. Staff Writer | April 2, 2024 | 6:30 am
Electra commissions clean iron pilot plant Electra announced the commissioning of a pilot plant to produce metallic iron from already mined, high-impurity ores. Staff Writer | April 2, 2024 | 6:06 am
Paladin Energy kicks off commercial production at Namibia uranium mine The company will now focus on ramping up operations at its 75%-owned Langer Heinrich uranium mine as demand for the material picks up. Cecilia Jamasmie | April 2, 2024 | 5:37 am
Copper price rallies amid rising optimism on Chinese economic outlook Investors are becoming more optimistic about the world’s second-largest economy after the official March manufacturing purchasing figures. Bloomberg News | April 2, 2024 | 5:28 am
Hyundai Motor ends Indonesia aluminum deal after climate campaign by K-pop fans The South Korean automaker signed a memorandum of understanding with Adaro Minerals in 2022. Reuters | April 2, 2024 | 5:10 am