Metal

Indian steelmakers are urging the government to relax proposed import restrictions on metallurgical coke, a crucial component in steel production. According to a letter from the Indian Steel Association, these curbs could hinder the capacity expansion of steel mills. In April, India proposed a country-specific import quota limiting annual imports of low ash metallurgical coke […]

Whitehaven Coal announced that Australia’s high court has dismissed a green group’s request to appeal a judgment concerning the climate change effects of coal emissions related to its Narrabri Stage 3 project. The Environmental Council of Central Queensland (ECCQ) sought to challenge a decision made by the Full Federal Court in May, which had already […]

BHP Group plans to reopen its Cerro Colorado copper mine in Chile by the end of the decade, according to a report from local outlet La Tercera. This move signals BHP’s commitment to enhancing its copper production capabilities amid increasing global demand for the metal.

The United States has expanded its import bans, targeting five additional Chinese companies due to alleged human rights abuses linked to the Uyghur population. This action is part of a broader effort to eliminate goods produced with forced labor from the U.S. supply chain. The companies affected include Hong Kong-based Rare Earth Magnesium Technology Group […]

The Australian lithium industry is experiencing significant challenges as producers, including Arcadium Lithium, reassess operations due to a sharp decline in spodumene prices. On Wednesday, Arcadium announced it is reviewing its Mount Cattlin operations in Western Australia, citing high costs and falling prices of the raw material as reasons for potential production cuts. The lithium […]

China’s iron ore imports surged 5.3% in July compared to June, hitting a six-month high of 102.81 million metric tons. This increase was driven by miners striving to meet quarterly shipment targets and improved profit margins for steelmakers, as reported by the General Administration of Customs. The imports also marked a 10% rise from the […]

Glencore has decided to maintain its coal business after receiving strong support from a majority of its investors, who recognize the profitability of the fossil fuel sector. CEO Gary Nagle announced on Wednesday that the company is also considering the acquisition of additional steelmaking coal assets. Despite reporting a first-half net loss of $233 million, […]

China’s unwrought copper imports fell in July compared to the previous year, reflecting subdued demand and high inventory levels, according to customs data released on Wednesday. The country imported 438,000 metric tons of unwrought copper and products in July, down 2.9% from 451,159 tons in July 2023, as reported by the General Administration of Customs. […]

Lithium technology startup EnergyX has proposed a $150 million bid for Galan Lithium’s assets in Argentina, aiming to consolidate the acreage necessary for electric vehicle battery production amidst declining market prices. The bid, which was first submitted on July 11, includes a combination of cash, shares in EnergyX, project financing, and a royalty payment. In […]

Glencore has announced it will pay approximately $152 million in fines and compensation following a Swiss investigation that found the company liable for failing to prevent the bribery of a Congolese public official by a business partner in 2011. While Glencore does not admit to the findings of the Swiss Office of the Attorney General […]