Asia Top Stories

Nickel price hits 4-year low as gloom offsets potential Indonesia cuts

Indonesia is now considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the metal.

Bloomberg News | December 20, 2024 | 10:27 am

Indonesia weighs deep cuts to nickel mining to boost prices

Indonesia is considering deep cuts to nickel mining quotas as…

Bloomberg | December 19, 2024 | 4:39 am

Nippon Steel, Sojitz to take 49% stake in Champion Iron’s project in Canada

The Kami project will also receive up to A$490 million…

Reuters | December 18, 2024 | 3:00 pm

PetroChina to start metals trading, eyeing energy transition

In addition to lithium and copper, the new PetroChina unit…

Reuters | December 18, 2024 | 12:14 pm

Coal demand to keep hitting records through 2027, IEA says

The latest forecast from the IEA sees demand for coal…

Bloomberg News | December 18, 2024 | 10:48 am

Glencore in talks to sell Philippine copper smelting unit

Due to its location, the business — Pasar — has long been a key trading asset for Glencore.

Bloomberg News | December 18, 2024 | 10:39 am

Idemitsu to take majority stake in Australian vanadium developer Vecco

Vecco is developing the Debella project in Queensland, focusing on a vanadium mine and an electrolyte plant for vanadium flow batteries.

Reuters | December 18, 2024 | 10:02 am

India’s record gold import said to be due to calculation error

Officials double-counted gold shipments in warehouses following a change in methodology in July, Bloomberg sources say.

Bloomberg News | December 18, 2024 | 9:53 am

Abaxx to launch nickel sulphate contract on January 10

The nickel sulphate contract will be priced in dollars and physically deliverable in Singapore.

Reuters | December 18, 2024 | 7:54 am

Uranium spot prices to climb in ‘staircase’ pattern, Sprott forecasts

Uranium has been buoyed by growing global support for nuclear energy, with more countries pledging to triple nuclear capacity by 2050.

Blair McBride - The Northern Miner | December 17, 2024 | 11:05 am

US foreign investment panel split on Nippon-US Steel deal

CFIUS has until Dec. 22 to make a decision on whether to approve, block or extend the timeline for the deal's review.

Reuters | December 15, 2024 | 10:30 am

Column: Bleak times for copper smelters as conversion fees slump

The benchmark smelter treatment charges for next year have been set by Chilean copper miner Antofagasta and China's Jiangxi Copper.

Reuters | December 13, 2024 | 11:58 am

Trafigura profit drops 62% after ‘massive problem’ in Mongolia

The Mongolia losses mean Jeremy Weir’s tenure as chief executive officer at one of the world’s largest commodity traders is ending on a sour note.

Bloomberg News | December 13, 2024 | 7:51 am

China leads world in energy transition, Wood Mackenzie says

The world’s second-largest economy leads the energy transition and is on track to source half of its power from low-carbon energy.

Trish Saywell, Special to the Northern Miner Group | December 13, 2024 | 7:41 am

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