Metal

ArcelorMittal Kryvyi Rih, Ukraine’s largest steel producer, reported a significant increase in raw steel output, rising nearly 70% to 1.65 million metric tons in 2024. This surge, however, remains substantially below the company’s pre-war production capacity. Key Highlights:Production Increase: The company did not specify the reasons for the output rise, but the Ukrainian steel producers’ […]

President Donald Trump’s recent decision to revoke electric vehicle (EV) targets set by former President Joe Biden may slow demand for critical minerals like lithium in the short term, but analysts and industry leaders believe it won’t significantly impact the mining sector due to surging global EV demand. Key Highlights:Policy Change: Trump rescinded Biden’s 2021 […]

Glencore, a leading miner and commodity trader, has expressed its openness to mergers and acquisitions (M&A) that would enhance shareholder value, particularly as it positions itself as one of the top three global copper producers. Key Highlights:M&A Strategy: A Glencore spokesperson stated, “M&A is something we are good at and we are always open to […]

The London Metal Exchange (LME) has officially approved Hong Kong as a warehouse delivery point, aiming to enhance access to mainland China, the world’s largest consumer of metals. This decision marks a significant step in LME’s strategy to expand its presence in Asia. Key Highlights:Strategic Goal: Since acquiring the LME in 2012, Hong Kong Exchanges […]

Gold prices are poised for a third consecutive weekly gain, despite facing some pressure from a stronger U.S. dollar on Friday. The market’s focus is shifting towards the inauguration of President Donald Trump, with uncertainties surrounding his policies contributing to renewed demand for bullion. Key Highlights:Current Prices: Spot gold (XAU) dipped 0.4% to $2,701.03 per […]

Glencore approached Rio Tinto late last year about a potential merger between the two major copper producers, but those discussions are no longer active, according to a source familiar with the matter. The brief talks did not progress, and both companies have declined to comment on the situation. Key Highlights:Potential Merger Impact: A merger between […]

Codelco, the world’s largest copper producer, is aggressively working to boost its copper output from a 25-year low, aiming for an annual production target of 1.7 million metric tons by the end of the decade. However, union workers and analysts express concerns about the sustainability of these tactics. Key Highlights:Current Production Levels: Codelco’s production reached […]

Glencore and Rio Tinto engaged in early-stage merger discussions last year, but the talks have since stalled, according to a source familiar with the matter. This move comes as global mining companies aim to increase their exposure to copper amid rising demand linked to the clean energy transition. Key Highlights:Merger Discussions: Glencore approached Rio Tinto […]

Peru’s copper production experienced a notable decline in November, primarily attributed to a significant drop in output from the Antamina mine, as reported by the nation’s energy and mines ministry. Key Highlights:Production Figures: National copper output fell by 4.6% in November compared to the same month last year, totaling 241,883 metric tons.Cumulatively, copper output from […]

Analysts suggest that prices of rare earth minerals are poised to stabilize in 2025 after experiencing a two-year decline. This shift is attributed to reduced mining output in China aimed at protecting domestic producers, coupled with increasing demand from electric vehicles and humanoid robots, which is gradually depleting the current supply glut. Key Highlights:Price Trends: […]