Metal

The West is grappling with significant disruptions in critical minerals supply chains as China imposes stringent trade restrictions on strategic materials. This situation is particularly affecting industries reliant on these minerals, prompting urgent efforts to diversify sources. Key Highlights:Henkel’s Force Majeure Declaration: German company Henkel announced a force majeure due to delays in antimony imports, […]

Chilean mining company Antofagasta and China’s Jiangxi Copper have reached an agreement to lower copper concentrate processing fees for 2025. Sources familiar with the matter reported that the treatment and refining charges (TC/RCs) will be set at $21.25 per ton and 2.125 cents per pound, marking a substantial decrease of 73.4% from the $80/8 cents […]

Interros, the largest shareholder of Nornickel, has formally objected to a lawsuit filed by fellow shareholder Rusal in London. The lawsuit alleges that Rusal is attempting to secure maximum dividends from Nornickel, potentially to the detriment of the company’s interests. Key Highlights:Background of the Dispute: The conflict intensified after the expiration of a decade-old shareholder […]

The London Metal Exchange (LME) has granted the British arm of U.S. broker Clear Street Category 1 membership, allowing the firm to access the LME’s open-outcry trading floor, known as the Ring. This announcement was made on Wednesday. Key Highlights:Membership Approval: Clear Street’s entry restores the number of dealing members on the LME’s open-outcry trading […]

Nippon Steel, Japan’s largest steelmaker, is steadfast in its commitment to acquiring U.S. Steel for $15 billion, with plans to finalize the deal by the end of December. This statement comes despite significant opposition from U.S. politicians, including President-elect Donald Trump. Key Highlights:Commitment to the Deal: Vice Chairman Takahiro Mori emphasized, “We will not give […]

Gold prices fell on Monday, ending a four-day winning streak due to a robust rally in the U.S. dollar and investor anticipation for critical economic data and Federal Reserve commentary regarding interest rates. Key Highlights:Market Performance: Spot gold (XAU=) decreased by 0.6%, trading at $2,636.54 per ounce as of 1:41 p.m. ET (1841 GMT), after […]

Shares in Green Minerals (GEM.OL), a Norwegian seabed mining start-up, experienced a dramatic decline of 36% on Monday following the Norwegian government’s decision to cancel its first licensing round for deep-sea mining. This decision was made in exchange for support for the government’s annual budget. Key Highlights:Government Decision: A left-wing environmentalist party successfully blocked plans […]

Global aluminium producers are negotiating premiums with Japanese buyers for primary metal shipments in the January-March quarter, proposing rates between $230 and $260 per metric ton. This represents an increase of 31% to 49% from the current quarter, according to three sources involved in the pricing discussions. Key Highlights:Premium Increases: The proposed premiums for Q1 […]

Chilean state-run Codelco is intensifying its efforts to boost copper production as it aims to meet its 2024 targets, according to two sources and an internal document. This push comes after a challenging first half of the year, during which the company faced significant operational hurdles. Key Highlights:Production Goals: Codelco, the world’s largest copper producer, […]

Analysts predict a significant decline in China’s imports of scrap copper as some traders halt purchases from the United States, the largest supplier, due to escalating trade tensions anticipated under a Donald Trump presidency. Key Highlights:Trade Tensions: Trump, set to take office in January, has threatened 60% tariffs on Chinese imports and recently announced an […]