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
Lithium trading hits record on CME as funds seize budding market
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds crowding into the budding market as prices of the battery metal falter.
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Visit: 58
Gecamines to push for copper, cobalt trading share
Mining News Pro - Congo’s State mining group Gecamines said it will push to secure the rights to buy copper and cobalt at mines it has holdings in, as it attempts to build its own stocks and trade the metals.
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Visit: 105
Sigma Lithium’s former co-CEO fired for trading in blackout period
Mining News Pro - The former co-CEO of Sigma Lithium, a leader in Brazil’s budding lithium sector, was fired earlier this year for trading its shares during a quarterly earnings blackout period, according to legal correspondence in a civil lawsuit, trading data and two people familiar with the matter.
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Visit: 169
Lundin in talks with Japanese trading houses to develop Argentina mine
Mining News Pro - Canadian-Swedish miner Lundin Mining is in talks with Japanese trading houses and large miners to offer a stake of between 40% and 50% in Argentina’s Josemaria mine, incoming CEO Jack Lundin told Reuters in an interview on Thursday.
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Visit: 141
Gold trading hasn’t been this boring since the pandemic began
Mining News Pro - Gold markets haven’t been this calm since the onset of the Covid-19 pandemic, thanks to a deadlock between buyers and sellers that’s showing no signs of breaking.
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Visit: 201
Nornickel plans to move some trading to Dubai
Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.
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Visit: 180
Nornickel plans to move some trading to Dubai
Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.
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Visit: 132
China’s path-setting lithium futures tumble on trading debut
Mining News Pro - China’s first futures for lithium — an essential ingredient for electric-vehicle batteries — had a rocky start in their first day of trading.
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Visit: 130
LME’s nickel crisis: major developments since trading halt
Mining News Pro - Exchanges are in an uncomfortable wait for the outcome of a lawsuit by two financial firms against the London Metal Exchange for voiding nickel contracts, worried about possible curbs on their ability to react in crisis situations if the LME loses.
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Visit: 209
Trevali halts trading as Burkina Faso managers face trial following fatal mine flooding
Mining News Pro - Canada-based Trevali Mining halted trading on Monday and said two of its managers were being held in Burkina Faso following an April flood that killed eight miners.
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Visit: 672
LME nickel volumes plunge with exchange still hostage to March trading fiasco
Mining News Pro - The volume of nickel traded on the London Metal Exchange (LME) dropped more than 40% in July as funds, consumers and producers continued to shun the market – months after trade was suspended for more than a week in March as prices dramatically spiked.
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Visit: 661
Glencore flags cash tied up in record trading profits
Mining News Pro - Glencore Plc, on course to report it best ever trading year, has flagged that those profitable bets have tied up more working capital than normal.
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Visit: 562
Hedge fund Elliott sues LME for $456m over nickel trading halt
Mining News Pro - US hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday.
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Visit: 770
Battery boom pulls trading giant Trafigura into lithium business
Mining News Pro - Trafigura Group said its plan to invest in a new UK lithium refinery will mark the start of the trading giant’s foray into buying and selling the crucial battery metal.
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Visit: 482
Glencore hails trading unit outlook
Mining News Pro - Miner and commodities trader Glencore (LON: GLEN) touted on Thursday prospects for its trading unit, saying it faces another strong year as Russia’s invasion of Ukraine continues to drive up prices of most commodities the company mines and sells.
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Visit: 604
Nickel drama spurs Chicago exchange bid to grab trading From LME
Mining News Pro - The Chicago Mercantile Exchange, trying to capitalize on the London Metal Exchange’s nickel-trading crisis, is offering incentives to traders to boost its less-popular aluminum futures contract, according to people familiar with the matter.
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Visit: 578
Nickel price climbs in thin trading as investors weigh supply risks
Mining News Pro - Nickel jumped on thin volumes in London, leading metals higher as traders weigh risks to supply arising from the war in Ukraine.
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Visit: 499
Nickel is trading at last on LME as buyers return after squeeze
Mining News Pro - Nickel volumes surged as prices traded within the London Metal Exchange’s daily limits for the first time since reopening last week, in a sign that the market is starting to stabilize after an unprecedented squeeze sent prices spiking.
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Visit: 522
LME trading halted after only 1,236 tonnes change hands
Mining News Pro - The London Metal Exchange temporarily froze electronic trading in nickel after it restarted from a week-long suspension, as a glitch allowed prices to plunge past a new daily limit that was supposed to help restore order following last week’s historic short squeeze.
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Visit: 586
FCA, Bank of England working with LME to resume nickel trading
Mining News Pro - Britain’s Financial Conduct Authority (FCA) and the Bank of England are talking to the London Metal Exchange about the resumption of a fair and orderly market in nickel, the FCA said on Monday.
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Visit: 623
The 18 minutes of trading chaos that broke the nickel market
Mining News Pro - It was 5:42 a.m. on March 8 in London when the nickel market broke. At that time of day, bleary-eyed traders are typically just glancing at prices as they swig coffee on their way to the office.
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Visit: 448
Copper, coal prices hit records, nickel jumps 30% overnight after wild week of trading
Mining News Pro - During a wild week for markets following the imposition of wide-ranging sanctions on Russia, a number of industrial metals hit all-time highs.
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Visit: 820
Canada’s first rare earth miner in trading halt on expansion rumours
Mining News Pro - Australia’s Vital Metals, the first rare earths producer in Canada, has announced a trading halt until Thursday, August 12, on reports of negotiations to acquire two projects in Quebec, one of which is considered to be the world’s fourth largest dysprosium deposit.
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Visit: 326
Global metals trading impetus shifting from east to west
Mining News Pro - The remarkable one-year rally in base metal prices has been primarily driven by China’s rapid covid-19 recovery.
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Visit: 924