Codelco to benefit from entry into lithium business, says Moody’s On Tuesday, Codelco CEO said that the company made progress in negotiating with local communities over lithium mining. Staff Writer | April 17, 2024 | 10:29 am
Patriot Battery’s Corvette lithium project inches forward on permitting Based on company calculations, Corvette is home to the largest lithium pegmatite resource in the Americas. Staff Writer | April 17, 2024 | 9:52 am
Specialist funds cautious on copper rally, says trader IXM Funds that specialize in metals have been more cautious than other speculators on the rally that sent copper prices to a 22-month peak this week. Reuters | April 17, 2024 | 9:48 am
Biden calls for tripling of tariffs on Chinese steel The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there. Reuters | April 17, 2024 | 8:34 am
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap. Reuters | April 17, 2024 | 8:25 am
Aging copper mines are turning into money pits despite demand Chile’s Chuquicamata is a cautionary tale for an industry beset by rising costs and heightened regulatory scrutiny. Bloomberg Opinion | April 17, 2024 | 8:08 am
Aurubis to grow organically rather than through deals, CEO says The $700 million facility will have an initial capacity of 90,000 metric tons per year. Reuters | April 17, 2024 | 6:58 am
Gold price holds near record, could rise to $2,700, says Goldman Sachs Bullion has gained about 16% so far this year and more than $500 since October. Staff Writer | April 17, 2024 | 6:42 am
Traders are already gaming the new Russian metal sanctions The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network. Bloomberg News | April 17, 2024 | 6:06 am