Glencore’s oil-price rigging puts spotlight back on benchmarks

Mining News Pro - Glencore Plc’s settlement with US prosecutors has cast fresh light on manipulation of an under-the-radar part of the commodities world that’s crucial for valuing physical deals and derivatives.

Asia’s two richest men reap windfall from surging oil, coal

Mining News Pro - Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.

Oil drops as China lockdowns overshadow Russian output risk

Mining News Pro - Oil fell as lockdowns across China countered looming European Union measures to limit purchases of Russian fuel.

Head of Mexico City government compares lithium nationalization to that of oil 84 years ago

Mining News Pro - Following the nationalization of the lithium industry approved by the country’s Senate on April 21, Claudia Sheinbaum, head of the government of Mexico City, said during a public speech over the weekend that the decision is comparable to the nationalization of the oil industry approved during the presidency of Lázaro Cárdenas, 84 years ago.

Canada climate goals set high hurdle for Suncor oil sands mine extension

Mining News Pro - Canada is favouring oil projects with lower carbon emissions per barrel to help meet its climate targets, a strategy that may block Suncor Energy’s plan to expand bitumen mining to feed its key oil sands operations.

Vanishing LME shadow stocks add to metals market turmoil

Mining News Pro - The total amount of registered metal in the London Metal Exchange’s (LME) global warehouse network fell below 1 million tonnes in March.

Nickel turmoil is back as prices spike 15% again to hit limit

Mining News Pro - Nickel surged by the 15% exchange limit for a second day in London, putting the spotlight back on bearish position holders just two weeks since the market was roiled by an historic short squeeze.

Potential Russian oil ban pushes gold price above $2,000

Mining News Pro - Gold extended its biggest weekly advance since July 2020 amid reports of the US and its allies contemplating an embargo of Russian oil, raising concerns about higher inflation and slowing economic growth.

Oil surges as Ukraine tensions mount and market giants bullish

Mining News Pro - Oil jumped as tensions mounted between Russia and the West over Ukraine, adding to bullish sentiment as leading market participants said they expect global demand to continue its powerful recovery from the pandemic.

Chaarat Gold’s project in Kyrgyzstan hit by Centerra turmoil

Mining News Pro - Chaarat Gold Holdings (LON: CGH) unveiled on Wednesday financing and construction delays at its Tulkubash project in Kyrgyzstan due to increased investor uncertainty in the Central Asian country in the wake of Centerra Gold’s (TSX: CG) dispute over its seized mine.

Rare earth prices set to keep on the boil after sharp rally

Mining News Pro - Prices of rare earths needed for electric vehicles (EVs) are set to keep sizzling this year on the back of buoyant sales of EVs, uncertainty about supply from Myanmar and razor-thin stockpiles.

Nutrien eyes potash production boost amid turmoil in Russia

Mining News Pro - Nutrien Ltd, the world’s biggest potash miner, could boost production by up to 29% in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company’s interim CEO said.

Deepwater oil targeted by Argentine activists who quashed mining

Mining News Pro - Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining.

Lundin Energy exploring sale of $10 billion Nordic oil producer

Mining News Pro - Nordic oil producer Lundin Energy AB is exploring a potential sale that could rank as one of the largest European oil and gas deals in years, people with knowledge of the matter said.

In race to net zero, being small or diverse foils metal makers

Mining News Pro - A look at the underachievers in a new decarbonization ranking of metal producers shows size, location and metal type all matter, while diversification has its downside.

Technology to transform bauxite red mud into fertile soil nearly a reality

Mining News Pro - A new technology that could transform the bauxite residue known as ‘red mud’ into a soil-like material capable of hosting plant life is entering full-scale trials at alumina refineries in Queensland, Australia.

‘Very tight’ copper belies market turmoil, industry leader says

Mining News Pro - As investors weigh swirling macro-economic factors, market fundamentals for copper — a key metal in global construction and transportation — remain solid, according to an industry veteran.

How lithium can be efficiently extracted from oil and gas wastewater

Mining News Pro - New research published in the journal Proceedings of the National Academies of Sciences proposes the idea of rapidly extracting lithium from contaminated water.

Canada’s oil patch heads for hospital triage with virus raging

Mining News Pro - Canada’s oil heartland of Alberta has been hit with its most dangerous Covid-19 wave, with hospital intensive care beds filling up so quickly that health professionals are preparing to make decisions about who lives and who dies.

Angola’s modest oil output goal reveals a truth on global supply

Mining News Pro - Want proof of how hard it is for some oil-producing countries to lift supply? Look no further than the west African nation of Angola.

China’s conflicting climate and economic goals roil commodities

Mining News Pro - China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets.

Mobarakeh Steel Co. supply nearly 200 thousand tons of hot rolled coil in commodity exchange

Mining News Pro - Iran’s Industrial and Mining Commodity Exchange Market will be supplied by 199,980 tons of hot rolled coil by Mobarakeh Steel Company in August 30, 2021.

China goes from driver to brake for crude oil, iron ore and copper

Mining News Pro - China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend for imports of crude oil, iron ore and copper.

From miners to big oil, the great commodity cash machine is back

Mining News Pro - Just over five years ago Anglo American was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers.

Santos reports first oil from Van Gogh Phase 2

Mining News Pro - Oil and gas major Santos on Monday announced first oil from the Van Gogh Phase 2 infill development, with the first of three new production wells producing at the highest initial rate from an individual well in field history.

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