Copper price down as China’s yuan falls to lowest since 2008 Analysts at JPMorgan still expect prices to fall in the short term. MINING.COM Staff Writer | October 24, 2022 | 8:37 am
Pure Gold places Ontario mine on care and maintenance due to cash constraints, stock crashes The company says the mine has yet to achieve consistent positive site-level cash flows. Staff Writer | October 24, 2022 | 8:32 am
Global lead, zinc market to be in deficit for 2022, 2023 – ILZSG Global refined lead and zinc markets are likely be in a deficit in both 2022 and 2023, the International Lead and Zinc Study Group said on Monday. Reuters | October 24, 2022 | 8:29 am
Copper tech firm Jetti raises funds at $2.5 billion value Jetti tapped existing investors as well as new backers at a valuation that’s about double its last raise. Bloomberg News | October 24, 2022 | 8:18 am
Rusal files London lawsuit against Potanin over Nornickel pact Rusal filed a lawsuit alleging that Vladimir Potanin, CEO of Nornickel, is in breach of a decade-old deal. Reuters | October 24, 2022 | 8:05 am
Analysis: Biden’s EV minerals cash fruitless without permitting reform President Joe Biden last week doled out $2.8-billion to miners developing new US sources of lithium, nickel, copper, and other EV minerals. Reuters | October 24, 2022 | 7:54 am
UK prosecutors implicate 11 Glencore employees in bribery probe The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution. Bloomberg News | October 24, 2022 | 7:39 am
Trafigura and EVelution Energy plan to develop cobalt plant EVelution Energy is expected to start construction of the plant in Arizona in late 2023. Reuters | October 24, 2022 | 7:25 am
China’s Sept coal output jumps 12.3% on year, hits record daily levels The average daily output was equivalent to 13 million tonnes, according to data from the National Bureau of Statistics. Reuters | October 24, 2022 | 7:21 am
