The biggest source of cobalt outside Africa is now Indonesia Production of the battery material in the Southeast Asian country surged past others including Russia and Australia. Bloomberg News | February 8, 2023 | 4:41 am
Amplats says payouts to decline as South Africa power outages hit The power outages could cut South Africa’s output of platinum-group metals by a fifth this year. Bloomberg News | February 8, 2023 | 4:34 am
Sumitomo Metal raises FY profit forecast on higher prices Company increased its forecasts for full-year net profit and dividend thanks to stronger-than-expected prices of nickel, copper and gold. Reuters | February 8, 2023 | 4:25 am
Microsoft calls for ‘coalition’ to improve Congo’s informal cobalt mines Microsoft executives visited an artisanal cobalt mine in Democratic Republic of Congo in December. Reuters | February 8, 2023 | 4:19 am
Glencore reopens Peru copper mine with extra security Antapaccay, one of Peru's largest mines, remained shut for 11 days on security concerns following violent attacks by locals. Cecilia Jamasmie | February 8, 2023 | 3:41 am
Fortescue inks deal for Gabon iron ore mine; project to start mid 2023 Fortescue has been assessing the Belinga iron ore project since 2018. Reuters | February 7, 2023 | 3:24 pm
Miners face too many woes in emerging markets, Alamos CEO says Panama’s tax dispute with First Quantum underscores increasing political risks mining companies face in some regions, CEO John McCluskey says. Bloomberg News | February 7, 2023 | 1:24 pm
Congo’s president wants new exploration for green energy metals “The goal is to discover new deposits that can be the subject of calls for bids, with a view to concluding mutually profitable public-private partnerships,” Felix Tshisekedi said. Bloomberg News | February 7, 2023 | 12:10 pm
UK provides model for LME response to US aluminum tariffs When the UK imposed tariffs on Russian metal last year, the LME responded by banning new deliveries of Russian metal into its warehouses in the UK. Bloomberg News | February 7, 2023 | 11:00 am