Daye copper plant in China to close for 3 months after fireThe stoppage could mean the release of copper raw materials to the market, which has faced unprecedented shortages this year.Reuters | September 16, 2024 | 10:26 am
Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glutThe bank cited market oversupply even though demand from top…Reuters | September 16, 2024 | 7:25 am
Chinese investor steps in to block Paladin’s Fission Uranium buyCGN Mining Company, a subsidiary of China General Nuclear Power…Cecilia Jamasmie | September 16, 2024 | 3:49 am
Iron ore majors ramp up supply even as China faces challenges Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on. Bloomberg News | July 17, 2024 | 10:31 am
Copper price edges down to two-week low amid demand uncertainty The metal headed for a third daily decline, with copper miners also under pressure as a risk-off mood took hold in broader equity markets. Bloomberg News | July 17, 2024 | 9:55 am
Iron ore price slumps to 3-week low on weak China demand, strong global supply Property investment in China fell 10.1% in the first half of 2024 from a year earlier. Reuters | July 17, 2024 | 7:31 am
China stainless steel mogul fights to avoid a second collapse A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry. Bloomberg News | July 16, 2024 | 5:37 pm
Zijin Mining to take 9.9% stake in Montage Gold As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%. Reuters | July 16, 2024 | 8:30 am
Copper market’s biggest whale fuels speculation of a major shift The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year. Bloomberg News | July 16, 2024 | 8:29 am
Ganfeng Lithium plans to build $1.1 billion trading desk Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said. Bloomberg News | July 16, 2024 | 7:04 am
China copper smelters bracing for shortage of vital scrap metal Around 30% of China’s refined copper production used scrap metal as a feedstock in 2023. Bloomberg News | July 16, 2024 | 6:58 am
Iron ore price extends gains on China stimulus hopes A highly anticipated third plenum that started from Monday will outline efforts to promote advanced manufacturing. Reuters | July 15, 2024 | 8:04 am