Short squeeze fears grip tin as LME says it’s watching market

The company will appeal the decision within three weeks.

Zinc prices on the LME fell to $2,278 a ton on Monday, the lowest since August last year.

A group representing UK pension funds has raised concerns about the water management at Oyu Tolgoi.

The landslide struck on Tuesday outside a gold mine in Maco town, burying homes and vehicles ferrying employees to the site operated by Apex Mining.

As many as half of the 575 lawmakers in parliament have connections with the mining sector, according to the Indonesia Mining Advocacy Network.

The facility in Mundra is the world’s largest single-location smelter for the industrial metal.

Activists allege that the LME allowed sales on its platform of copper produced at the Grasberg mine, which they claim is polluting local rivers.

The state-owned mineral-resources holding company plans to use the proceeds partly to repay existing debt.

Lithium is important for the e-scooter maker, as it plans to locally produce lithium-ion batteries used in electric vehicles.