Copper short squeeze in NY prompts rush to send metal to US
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores.
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Visit: 27
US blames China’s CMOC for predatory tactics behind cobalt glut
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo mines.
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Visit: 30
Indigenous group to take fight against Arizona copper mine to Supreme Court
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the US Supreme Court, after a federal appeals court refused to reconsider whether the US government may have improperly transferred land to the developer.
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Visit: 25
Korea Zinc sees US opportunities as it targets big copper growth
The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global transition to renewable energy.
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Visit: 30
Glencore seeks Australian carbon capture approval amid farmer protests
Australia’s Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country’s largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies.
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Visit: 40
Fortescue continues sustainability push
A dual-fuelled ammonia-powered vessel from Fortescue has won the Hydrogen Transport award at the World Hydrogen 2024 Awards.
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Visit: 50
BHP-Anglo American deal raises alarm in Japan’s steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
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Visit: 33
Nutrien beats quarterly profit estimates on robust North America demand
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.
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Visit: 39
Nippon Steel sticks to plan to close US Steel deal by year-end
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the US.
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Visit: 22
BHP-Anglo American deal raises alarm in Japan’s steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
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Visit: 33
Nutrien beats quarterly profit estimates on robust North America demand
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.
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Visit: 16
Critical minerals targeted as Australia boosts resource hunt
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.
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Visit: 55
Equinor buys 45% stake in two US lithium projects
Equinor on Wednesday said it has entered an agreement with Standard Lithium to acquire a 45% stake in lithium projects located in Southwest Arkansas and East Texas.
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Visit: 38
BHP insists Anglo American’s South African assets must go in any takeover
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner’s thinking said.
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Visit: 43
Gold price advances as investors weigh mixed signals on US economy
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.
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Visit: 50
BHP CEO flies to South Africa to push $39 billion takeover
BHP Group (ASX: BHP) has deployed a senior team including its chief executive officer to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.
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Visit: 39
Albemarle profit just misses estimates on weak lithium prices
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, on Wednesday missed first quarter profit estimates on lower prices.
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Visit: 29
Senate passes Russian uranium import ban, sending to Biden
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the president. President Joe Biden plans to sign it into law soon, according to the White House.
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Visit: 67
US, Philippines eye agreement to cut China nickel dominance
The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries.
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Visit: 54
Barrick’s Mali mine feeds Russian war machine, advocacy group says
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ties to Russia.
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Visit: 48
Copper price slips as Chinese demand outlook comes into focus
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand conditions in China.
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Visit: 60
White House eyes Russian uranium import ban while House bill stalls
The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said.
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Visit: 52
Gold price fluctuates as market focuses on Fed meeting
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
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Visit: 66
Iron ore price retreats on weak Chinese industrial data
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of pre-holiday restocking by steelmakers ahead of May Day.
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Visit: 48
Australian Strategic gets debt funding for rare earths project
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding package of up to A$400 million ($260.84 million) from Canada’s official export credit agency.
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Visit: 66