Billionaire Paolo Rocca has a plan B if Alpha Lithium bid fails Tecpetrol SA is giving shareholders in Alpha Lithium until Oct. 20 to accept a “best and final offer” that’s worth $210 million to $230 million. Bloomberg News | October 10, 2023 | 1:51 pm
LME launches new collaboration with Shanghai Futures Exchange "Our two venues have opened a new chapter of close cooperation and we intend to further deepen our collaboration in 2024," says LME CEO. Reuters | October 10, 2023 | 1:18 pm
Teck to balance valuation with ‘execution risk’ in coal sale Teck is weighing multiple potential deals for its steelmaking coal unit, as the company seeks to rebrand as a standalone metals producer. Bloomberg News | October 10, 2023 | 11:19 am
Citi’s mega metals trade shows global markets turning to glut In the last few months, Citi requested delivery of about 100,000 tons of aluminum and 40,000 tons of zinc — worth over $300 million. Bloomberg News | October 10, 2023 | 10:24 am
Freeport seeks to extend permit for exporting Indonesian copper Freeport has a temporary exemption from a nationwide ban on exports of mined copper, but it faces a cliff-edge scenario in May. Bloomberg News | October 10, 2023 | 10:12 am
China’s top copper buyers expect a 36% cut in Codelco premium China's largest copper buyers expect to pay a premium of around $90 per metric ton next year. Reuters | October 10, 2023 | 10:01 am
Aussie billionaire paves way to block Albemarle’s Liontown bid with stake raise Gina Rineheart has once again increased her stake in Liontown Resources. Reuters | October 10, 2023 | 9:51 am
Some EU states baulking at streamlined mine permitting, says commissioner Under the draft CRMA, strategic mine projects would have to get permits within 24 months. Reuters | October 10, 2023 | 9:33 am
Lion One Metals stock rises as it makes first gold pour in Fiji Mill construction began in August 2022 and commissioning began in September 2023. Staff Writer | October 10, 2023 | 9:12 am