Vitol CEO confirms energy trading giant is getting into metals
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with an “exciting decade” ahead.
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Visit: 55
Chinese miners eye overseas deals after battery metals slump
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them lower. Now, with many Western rivals cutting output or shutting down entirely, they want to get even bigger.
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Visit: 92
US bill supporting seafloor mining lifts The Metals Company
The Metals Company (Nasdaq: TMC) shares soared on Wednesday after Congresswoman Carol Miller (R-WV) and Congressman John Joyce (R-PA) introduced a Bill to increase US support for deep-sea mining.
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Precious metals may be replaced by iron, manganese, cobalt in “green” catalysts
A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug precursors using catalysts made of iron, manganese and cobalt.
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Visit: 75
LME partner Metalshub plans for ‘green’ nickel price
The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel.
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Adriatic Metals produces first concentrate at Bosnian silver mine
British-based Adriatic Metals has produced the first concentrate at its Vares silver project in central Bosnia, the company said on Wednesday.
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Iron ore boom of the 2000s repeating – this time with critical metals
A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.”
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Visit: 88
Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse
Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) flagged on Wednesday a 47.5 billion rand ($2.58 billion) impairment on its upcoming 2023 results due to falling prices for the main metals it mines, including palladium, platinum and nickel.
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US moves to restore stockpiling ‘panic button’ in EV metals fight with China
Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and protect against supply shocks.
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Nickel price extends slump on Indonesian glut as metals hit by Fed
Nickel extended a year-long slump as rising Indonesian supplies help create a glut, while other base metals declined on reduced bets that the Federal Reserve will cut interest rates next month.
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Visit: 97
Metals sanctions are dividing the biggest traders and banks
The latest UK sanctions on Russia are creating new faultlines across the global metals world, in the latest example of how the fallout from the war in Ukraine continues to ripple through commodity markets while creating opportunities for those willing to navigate the restrictions.
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Visit: 221
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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Western miners lag as oil powers enter race for Africa’s critical metals
Risk aversion is likely to leave major Western miners lagging in a race to tap Africa’s reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China’s years of investment on the continent.
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Visit: 111
Lithium junior Kali Metals soars on ASX debut
Mining News Pro - Shares in lithium explorer Kali Metals (ASX: KM1) jumped as much as 86% on its first day of trading on the Australian Stock Exchange, following an initial public offering in November that opened and closed in under 30 minutes.
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Visit: 81
Nickel is year’s biggest metals loser, copper manages small gain
Mining News Pro - In a mostly lackluster year for metals trading, nickel emerged as the worst performer and might not see a reprieve anytime soon.
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Visit: 88
Nickel is year’s biggest metals loser, copper manages small gain
Mining News Pro - In a mostly lacklustre year for metals trading, nickel emerged as the worst performer and might not see a reprieve anytime soon.
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Visit: 85
Gates, Bezos-backed KoBold Metals in four-continent quest for lithium
Mining News Pro - KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has launched a four-continent search for deposits of lithium, the coveted metal used in batteries that power electric vehicles and high-tech devices.
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Visit: 77
Palladium price surges 12% as UK sanctions target Russia metals
Mining News Pro - Palladium headed for its biggest gain since March 2020 as the UK government targeted Russian metals — but not palladium — with new sanctions.
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Visit: 79
US sanctions Russian metals magnate Sviblov and gold, zinc firms
Mining News Pro - The US imposed sanctions on Russian mining magnate Vladislav Sviblov and several mining companies connected to him, including one that’s developing one of the world’s largest zinc mines.
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Visit: 109
Silvercorp Metals sweetens offer for OreCorp
Mining News Pro - Canada’s Silvercorp Metals (TSX, NYSE: SVM) surprised the market on Thursday by increasing its cash offer for African gold developer OreCorp (ASX: ORR) by A$20 million ($13m).
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Visit: 147
Trafigura’s copper uber-bull departs as metals drama drags on
Mining News Pro - Kostas Bintas, the former co-head of metals at commodity trading giant Trafigura Group, is leaving the company after being demoted in a September reshuffle that capped a turbulent year for the division.
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Western miners seek premium pricing for rare earth metals to break China grip
Mining News Pro - A handful of Canadian, German and Australian critical mineral explorers plan to command premium prices for key metals used in electric vehicles, promising quality and consistency in exchange for shifting reliance away from China, the dominant producer and price-setter.
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Visit: 104
Alaska Energy Metals stock rises on drill results at Nikolai nickel project
Mining News Pro - Alaska Energy Metals’ stock rose on Monday after releasing results for two additional diamond drill holes from its 2023 exploration program at its 100% owned Nikolai nickel project.
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Shenghe Resources throws Vital Metals a lifeline
Mining News Pro - Chinese rare earth miner Shenghe Resources is acquiring new shares in Vital Metals (ASX: VML) for an initial A$5.9 million ($3.8m), allowing the Australian miner move forward with development at its Nechalacho project in Canada’s Northwest Territories.
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Visit: 200
US will extend EU metals tariff exemption if needed
Mining News Pro - The United States will roll over its suspension of tariffs on European Union steel and aluminum if the two sides need more time to agree on measures to address overcapacity and low-carbon production, the US ambassador to the EU said on Wednesday.
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Visit: 189