LME to launch monthly ‘implied pricing’ for base metals
Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.
Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.
Last year saw only small changes in global cobalt supply but some large projects are about to come on line.
Iron ore output hit 96.755-million tonnes in the three months to June 30, while pellet output reached 12.838-million tonnes, despite a nationwide truck drivers strike that paralyzed the country in May.
High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity.
Panasonic has already significantly reduced cobalt content, to about 10 percent in its nickel-cobalt-aluminium cathode chemistry.
Metal market mayhem with $13 billion worth of copper futures offloaded by lunchtime.
62% of voters support U.S. government action to encourage the use of domestically-mined minerals and decrease reliance on foreign-imported minerals, according to a poll conducted for the National Mining Association (NMA).
Chinese electric vehicle ecosystem continues to expand.
The most common spills on mining sites are hydrocarbon spills. Particularly hydraulic fluid leaks from mining vehicles and machinery. Often these types of leaks occur during a routine inspection, or the hydraulic system is not de-pressurised before an inspection – which causes hot fluid to erupt from the machine.
Escalating trade conflict between the U.S. and China has sent industrial metals to oversold territory.