Senators raise concerns over Nippon Steel’s China ties amid US Steel takeover bid Democrat Sherrod Brown has urged President Biden to investigate Nippon Steel’s business dealings in China, according to the Financial Times. Staff Writer | April 2, 2024 | 9:17 am
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