Agriculture, Energy and Metal Information
The London Metal Exchange (LME) has announced plans to raise its fees by an average of 4.7% in 2025, while maintaining current charges for trading on its open-outcry floor. This fee increase is notably lower than the 13% hike implemented in 2024. Key Highlights:Fee Structure: The base trading and clearing fees will see an increase […]
The Indian government has expressed concerns that low steel prices, largely due to international dumping, may hinder the country’s ambitions to increase its steel production capacity. The federal Ministry of Steel highlighted this issue in a statement released on Wednesday. Key Highlights:Production Goals: India aims to boost its steel production capacity to 300 million metric […]
Available zinc stocks in London Metal Exchange (LME) approved warehouses have fallen dramatically, reaching a one-year low after significant cancellations by inventory holders. This decline, reported by LME data, reflects a 38% drop over just two days. Key Highlights:Inventory Decline: Total notices for removal amounted to 94,525 metric tons on Monday and Tuesday, bringing the […]
On Tuesday, Saudi Arabia announced nine significant investment deals in the metals and mining sector, collectively valued at over 35 billion riyals (approximately $9.32 billion). These agreements were unveiled during the World Investment Conference in Riyadh, part of the Global Supply Chain Resilience Initiative under the Saudi government’s National Investment Strategy. Key Highlights:Vision 2030 Goals: […]
The global platinum market is projected to experience a structural deficit for the third consecutive year in 2025, according to the World Platinum Investment Council (WPIC). This ongoing shortfall is attributed to constrained mine supply, despite increased recycling efforts and a slight decline in overall demand. Key Highlights:Deficit Forecast: The WPIC estimates a shortfall of […]
ElectraLith, a lithium technology startup supported by Rio Tinto, is poised to finalize a funding round of A$27.5 million ($17.8 million) within the next week, despite challenges in the global lithium market. The company, based in Melbourne, is pioneering a filtration technology designed to extract lithium from brine deposits without the use of water or […]
Thyssenkrupp’s steel division, Thyssenkrupp Steel Europe (TKSE), has announced plans to cut approximately 11,000 jobs, representing around 40% of its workforce, as part of a significant restructuring effort aimed at improving productivity and reducing costs. This decision comes in response to ongoing challenges from cheaper Asian competitors, elevated energy prices, and a declining global economy. […]
The Democratic Republic of Congo’s state-owned mining company, Gecamines, is making a $1 million offer to acquire the cobalt and copper assets of the indebted mining firm Chemaf. This move is aimed at preventing China from expanding its control over critical metal resources in the country, according to sources familiar with the situation. Chemaf, which […]
BHP Group (BHP.AX) is making significant investments in Chilean copper mines, anticipating a global copper deficit of 10 million metric tons by 2035. To combat this shortfall, the mining giant plans to allocate at least $11 billion towards enhancing operations at the Escondida mine, the world’s largest copper mine, along with other projects in the […]
Russia’s Alrosa, the world’s largest producer of rough diamonds by volume, is considering suspending some production and cutting staff in 2025 as it confronts low global prices. CEO Pavel Marinychev announced these potential changes on Thursday, highlighting the severe challenges facing the diamond industry. Marinychev described the global diamond market as being in a “deep […]