JPMorgan reduces credit to China’s Tsingshan and metal clients globally
LME brokers were approached by Tsingshan for credit.
LME brokers were approached by Tsingshan for credit.
BHP has been considering raising its bid for OZ Minerals and could increase its proposal as soon as this month.
Maike Metals is suffering a liquidity crisis, and He Jinbi's empire is under threat.
Among the projects that could be affected should Lula win and impose the special royalty rate are a series of Vale-operated iron ore complexes in the Carajas region of northern Brazil.
BHP may increase its A$25 per share bid for OZ Minerals as soon as this month, Bloomberg sources say.
At least three metal trading companies have had credit lines frozen or reduced by either of the banks in recent weeks.
Battery-metals park that will process metals including lithium, platinum, and nickel, its latest plan to revive its moribund economy.
Key moves in the mining sector.
Glencore does not own lithium mines, but has invested heavily in the business of recycling the battery metal this year.
Company has been pursuing partnerships with steelmakers looking to address the challenge of finding cleaner ways to process minerals.