Trafigura faces $577 million loss on alleged nickel fraud

The company found that some cargoes it had bought didn't contain the nickel they were supposed to, and spent two months uncovering the scheme.

Cecilia Jamasmie | February 9, 2023 | 8:03 am

Hindalco posts 63% slump in Q3 profit, sees “much better” Q4

Profit more than halved at Hindalco's aluminum upstream segment, which includes bauxite and coal.

Reuters | February 9, 2023 | 4:28 am

2022 was record year for central bank gold buying, WGC confirms

Central bank demand for gold totalled 1,136 tonnes valued at some $70 billion in 2022.

Staff Writer | February 8, 2023 | 9:50 am

Phasing out coal in some places may increase consumption in others – study

Countries phasing out coal from electricity risk pushing the excess supply into other industries or other countries.

Staff Writer | February 8, 2023 | 5:05 am

The biggest source of cobalt outside Africa is now Indonesia

Production of the battery material in the Southeast Asian country surged past others including Russia and Australia.

Bloomberg News | February 8, 2023 | 4:41 am

Sumitomo Metal raises FY profit forecast on higher prices

Company increased its forecasts for full-year net profit and dividend thanks to stronger-than-expected prices of nickel, copper and gold.

Reuters | February 8, 2023 | 4:25 am

Anglo CEO warns extreme weather threatens global mine supplies

The mining industry has been struggling to hit production targets, hurt by everything from floods and droughts to creaking infrastructure and political instability.

Bloomberg News | February 7, 2023 | 10:43 am

Centerra says Öksüt mine continuing as normal after Turkey-Syria earthquake

Located in the Kayseri province of south-central Türkiye, the Öksüt mine represents Centerra’s third operating mine.

Staff Writer | February 7, 2023 | 9:17 am

India government plans to oppose Vedanta zinc asset sale to unit

The Indian government is planning to oppose Hindustan Zinc’s proposal to buy global zinc assets of Vedanta for $2.98 billion.

Bloomberg News | February 6, 2023 | 5:07 am

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Vietnam official held over sand mining as sinkholes spread

China metals giant faces protest in Indonesia after fatal blast

Death toll at Indonesia smelter fire rises to 18, operation halted

Japan’s Jan-March crude steel output forecast to rise 1.7%

Cell phone data, satellite systems transistors get some bling

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