Major Chinese copper trader sees glut weighing on prices in 2024

Company reported an 83% jump in revenue that well outdid market expectations.

The cash offer by the JV owned by Tianqi Lithium and IGO required approval from at least 75% of Essential shareholders.

With massive stockpiles from Tenke Fungurume in the DRC released for export, cobalt prices face further pressure.

The appeal of jewellery and gold has risen after the biggest global banking crisis in more than a decade.

This week's CESCO copper conference in Chile has not been short of bullish soundbites.

China's annual iron ore output is set to hit an eight-year high of 290 million tonnes in 2023.

The battery, which loads more power into a smaller package, has an energy density of 500 watt-hours per kilogram.

The Philippines has 34 operating nickel mines and ships most of its raw nickel ore to China and some to Japan.

Chinese GDP grew by 4.5% year on year in the first three months of 2023, beating analyst expectations of 4% growth.