Base metals drop as investors weigh Fed path, China consumption
Base metals declined after the Federal Reserve pushed back on interest-rate cut expectations and as investors weighed the demand outlook in top consumer China before the Lunar New Year holiday this month.
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Vale weighs base metals IPO in three to four years
Mining News Pro - Vale (NYSE: VALE) is not seeking new partners for its Base Metals unit following a recent equity sale, but could consider an IPO for the unit within three or four years, CEO Eduardo Bartolomeo said on the sidelines of the Financial Times Mining Summit held in London, according to Notícias de Mineração.
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Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm
Mining News Pro - Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10% stake in Brazil’s base metals company Vale, it said in a bourse statement on Sunday, as part of a strategy to invest in global mining assets.
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Vale gets offers for stake in base metals unit
Mining News Pro - Brazilian miner Vale SA received binding offers for a stake in its base metal unit, local newspaper Valor Economico reported on Thursday, citing unnamed sources.
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LME base metals index tumbles more than 30% since 2022 peak
Mining News Pro - The London Metals Exchange Index — a gauge for the six main metals traded on the bourse has tumbled more than 30% since its record high in 2022.
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Vale to break out base metals business, sell stake in 2023
Mining News Pro - Vale is breaking out its nickel and copper business at a time when demand for metals used in wiring and electric-vehicle batteries has accelerated in the move away from fossil fuels.
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Vale to break out base metals business, sell stake in 2023
Vale is breaking out its nickel and copper business at a time when demand for metals used in wiring and electric-vehicle batteries has accelerated in the move away from fossil fuels.
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Visit: 371
‘Winter’ approaches for base metals equities
Mining News Pro - A metaphorical winter approaches for base metals equities, says Haywood Capital Markets in a new report published on Sunday.
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Visit: 641
Aluminum price rises on low supply as base metals end fear-filled week
Mining News Pro - Aluminum rose in London on shrinking inventory as other base metals wavered following a turbulent week dominated by growing concerns on the state of the global economy.
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York Harbour gathers Newfoundland base metals exploration momentum
Mining News Pro - With the energy revolution ramping up at an unprecedented pace, the search is on to find and develop the next generation of critical metals deposits feeding into the approaching wall of demand.
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Visit: 646
Base metals shine in 2021 on robust China demand, supply concerns
Mining News Pro - Base metals, which were mixed in late Asian trading on Friday, were poised to end 2021 firmer across the board, propped up by an economic rebound in top consumer China and supply concerns.
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Wolfden boosts resources at Pickett Mountian base metals project in Maine
Mining News Pro - Wolfden Resources has released new resource numbers for its Pickett Mountain base metals project in Penobscot County, Maine. Both indicated and inferred resources have been significantly increased – 22% and 57%, respectively – from a previous estimate completed in 2020.
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Base metals to profit from solar demand
Mining News Pro - The critical minerals sector is poised to become a major benefactor of the increase in global demand for solar power, advisory firm Wood Mackenzie (Woodmac) said this week.
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Tin, aluminum to outperform other base metals in H2
Mining News Pro - Tin and aluminum prices are likely to outperform the rest of the base metals complex in the second half of 2021 on strong demand and tight supply, state-backed Chinese research house Antaike said on Thursday.
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BHP looks to double base metals exploration budget, executive says
Mining News Pro - BHP Group plans to almost double exploration spending for base metals within five years, its Chief Technical Officer Laura Tyler said on Wednesday, after shifting its exploration headquarters to Canada.
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Armour cuts ties with base metals division
Mining News Pro - Armour Energy has sold its base metals subsidiary Ripple Resources to Auburn Resources, which will use the acquisition to bolster its portfolio ahead of a planned initial public offering (IPO) on the ASX this year.
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Orion paving way for another exciting `green` base metals hub in Northern Cape
Mining News Pro - The copper strength of Orion Minerals is intensifying with Tuesday’s announcement of the company’s exclusive option to acquire the Okiep Copper Complex in South Africa’s Northern Cape for A$7.5-million.
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Bull market for base metals likely to remain intact – Rosenberg
Mining News Pro - The Northern Miner’s Global Mining Symposium virtual conference this week – the second one this year – was another resounding success, with thousands of viewers tuning in from around the world to hear the views of some of the industry’s leading visionaries and entrepreneurs.
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Anglo American wants to explore base metals in South Africa
Mining News Pro - Anglo American wants to explore for base metals in South Africa, but the country needs regulatory changes to make it more competitive with other mining jurisdictions, CEO Mark Cutifani said on Wednesday.
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Visit: 641
Franco-Nevada eyes $1bn deals as base metals lag gold
Mining News Pro - Franco-Nevada will do at least $500-million in streaming and royalty deals in mining this year, and a lot more if base-metal producers proceed with several larger financing deals in the $500-million to $1-billion range.
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Franco-Nevada eyes $1 billion deals as base metals lag gold
Mining News Pro - Franco-Nevada Corp. will do at least $500 million in streaming and royalty deals in mining this year, and a lot more if base-metal producers proceed with several larger financing deals in the $500 million to $1 billion range.
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Base metals snapshot: Eight companies advancing projects around the globe
Mining News Pro - As the global demand for base metals grows, the mining industry is on the hunt for new deposits that can be developed into operating mines. Here are eight companies with significant projects in the space.
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Base metals performance to slow in short term, Moody’s predicts
Mining News Pro - Moody’s forecast for the global base metals industry is stable, while it predicts performance to weaken over the next year and a half, Mining Weekly reported Monday.
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Slower growth weighs on base metals but constructive for gold
Mining News Pro - The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says.
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Visit: 872
Base metals rise on trade detente hopes as U.S.-China talks loom
Mining News Pro - Copper on track for biggest weekly jump since Nov.
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Visit: 832