Copper price down on disappointing Chinese stimulus measures Authorities unveiled measures to boost consumption of automobile and electronics. MINING.COM Staff Writer | July 21, 2023 | 9:03 am
NGEx Minerals more than doubles private placement, stock gains The net proceeds will be predominantly used for its Lunahuasi exploration project in San Juan province, Argentina, and Los Helados project in Region III, Chile. Staff Writer | July 21, 2023 | 8:42 am
China’s path-setting lithium futures tumble on trading debut Shares in Tianqi Lithium, YongXing Special Materials Technology, and Ganfeng Lithium slid to the lowest in at least a year. Bloomberg News | July 21, 2023 | 8:37 am
Nickel set to flood the LME, turning metal squeeze into glut New supply from China and Indonesia is about to hit the market, according to Macquarie Group. Bloomberg News | July 21, 2023 | 8:25 am
Newcrest drops after potential buyer Newmont’s weak second quarter Shares of Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months. Reuters | July 21, 2023 | 7:47 am
Dead EV batteries turn to gold with US incentives A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America. Reuters | July 21, 2023 | 7:42 am
Glencore expects 2023 trading unit profits of up to $4 billion The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%. Reuters | July 21, 2023 | 7:33 am
Vedanta posts 41% slump in Q1 profit on soft metal prices Shares of the company closed 6.2% higher ahead of the results. Reuters | July 21, 2023 | 7:33 am
Australia blocks acquisition of lithium mine by China-linked firm Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources. Reuters | July 21, 2023 | 7:32 am