Copper price hits new record of $13,000 in London
Benchmark futures on the London Metal Exchange rallied as much as 4.3%.
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China’s iron ore starts new year higher on strong demand, tight supplies
Chinese iron ore prices are being underpinned by steelmakers restocking ahead of the Lunar New Year holiday in February.
BlueScope plays down $8.8B bid from Stokes, Steel Dynamics
BlueScope says the A$30-a-share offer fails to reflect its value, after rejecting multiple earlier approaches.
Indonesia tightens grip on resources with Switzerland-sized land grab
Indonesia is the world’s top exporter of coal and palm oil, the biggest nickel producer and a leading source of copper and tin.
Energy storage boom strengthens demand outlook for beaten-down lithium
The data centre building boom in China and globally has also driven growing power storage demand for lithium, analyst says.
Korea Zinc revises share issuance for US smelter to $1.94 billion
The $1.94 billion would fund the establishment of a non-ferrous metal smelter for the production of core minerals such as antimony and gallium.
Ganfeng Lithium says it may face insider-trading charges
In a statement published in July 2024, Ganfeng said it had traded shares of Jiangxi Special Electric Motor Co. in 2020 using insider information.
Botswana to open embassy in Moscow, open up to Russia in rare earths and diamonds
Russia is seeking to strengthen its foothold in Africa amid the wider confrontation with the West.
Coronado’s Curragh mining suspension adds to financial woes
A roof collapse occurred at about 3 p.m. local time Friday at Curragh’s Mammoth underground mine.
