Ramu sends nickel price to 5-year high amid tightest market in decade
Nickel price rockets after Papua New Guinea plant supplying 23% of LME warehoused nickel faces shutdown over ocean spill.
Nickel price rockets after Papua New Guinea plant supplying 23% of LME warehoused nickel faces shutdown over ocean spill.
Serbia’s estimated lithium deposits are the largest in Europe.
BHP has also tried for years to sell its stake in the Nimba prospect.
China’s biggest lithium producer saw its first-half profits plunge 59%.
Sources said those measures had possibly been designed to reduce capital outflows and bolster the yuan.
Iron ore's bubble has burst in the last month with prices down by a third.
The miner has also started negotiations with banks over a possible initial public offering of its Bystrinsky project.
The commodity research group says prices will remain in the single-digit figures due mainly to an avalanche of new supply.
Since its inception 16 years ago the industry has grown to 110 physically-backed ETFs holding gold worth $115 billion.
Nornickel's first-half net profit jumped to $3 billion as London palladium prices rose by 40%.