LME profits fall to 8-year low as nickel crisis hits exchange The LME’s annual profit fell 27% to $56.1 million, the lowest since before a hike in trading fees in 2015. Bloomberg News | May 19, 2023 | 11:18 am
Trafigura says accused fraudster’s wife not a bystander Trafigura in February accused Prateek Gupta and the companies connected to him of perpetrating a “systematic fraud” . Bloomberg News | May 19, 2023 | 9:33 am
Column: Lithium slump puts China’s spot price under the spotlight High-flying lithium has come crashing back to earth. Reuters | May 19, 2023 | 8:40 am
Nickel prices seen falling as global surplus looms Global nickel prices are poised to decline over the next few years as top producer Indonesia ramps up supplies and production costs fall. Reuters | May 19, 2023 | 8:20 am
Pan Asia Metals enters deal to evaluate lithium conversion facility in Vietnam The evaluation will consider an initial annual capacity of 20,000 to 25,000 tonnes per annum. Reuters | May 18, 2023 | 5:38 pm
Vale gets offers for stake in base metals unit Vale would sell 10% of the unit worth around $2.5 billion, local newspaper reports. Reuters | May 18, 2023 | 2:55 pm
Not enough resources for EVs to be only cleaner car option, Toyota says Carmaker has lobbied the Japanese government to make clear it supported hybrid vehicles as much as BEVs. Reuters | May 18, 2023 | 8:26 am
Australia hands out critical minerals grants Australia is pushing to reap more value from its mineral wealth and become a leading supplier of battery chemicals. Reuters | May 18, 2023 | 6:49 am
Sherritt International reports second fatality at Cuba mine in a month An employee died at its Moa joint venture mine in Cuba. Reuters | May 17, 2023 | 2:23 pm