Metal

Cobalt miner Jervois Global (JRV.AX) announced on Thursday that it will enter a pre-packaged bankruptcy deal, with one of its lenders, Millstreet Capital Management, taking the company private. This move highlights the challenges faced by Western miners as competition from China escalates. Key Highlights:Details of the Rescue Deal: Millstreet Capital will inject $145 million into […]

China’s Ministry of Commerce has announced a proposal for new export restrictions on technologies used in the production of battery components and the processing of critical minerals, including lithium and gallium. This move is part of a broader strategy to maintain China’s dominance in these key industries. Key Highlights:Details of the Proposal: The proposed restrictions […]

Copper prices experienced a decline on Tuesday but are on track for a second consecutive yearly gain, with the outlook for 2025 heavily influenced by China’s economic recovery and the policies of U.S. President-elect Donald Trump. Key Highlights:Current Market Performance: Three-month copper on the London Metal Exchange (LME) fell 1.5% to $8,781.5 per metric ton […]

Gold prices are set to achieve an impressive annual increase of over 27%, marking the largest yearly rise since 2010. This surge is attributed to heightened safe-haven demand and central banks’ rate cuts, although the market sentiment may shift depending on policy changes under a potential second Donald Trump presidency. Key Highlights:Current Market Performance: As […]

China’s net gold imports through Hong Kong surged in November, more than doubling from the previous month and marking the highest level in seven months, according to data from the Hong Kong Census and Statistics Department. Key Details:Import Statistics: Net gold imports in November reached 33.074 metric tons, a 115% increase from 15.414 tons in […]

Gold prices experienced a decline on Monday amid thin trading conditions as investors awaited key economic data from the U.S. that could impact the Federal Reserve’s interest rate outlook for 2025 and the policies of incoming President Donald Trump. Key Details:Current Market Status: Spot gold fell 0.6% to $2,604.49 per ounce by 01:42 p.m. ET […]

India has extended its mandate allowing imported coal-based power plants to operate at full capacity until February 28, as confirmed by a government circular issued on Friday. Key Details:Previous Mandates: In October, the Indian government invoked an emergency clause directing major companies, including Tata Power, Adani Power, and Vedanta, to run their imported coal-fired plants […]

Gold prices faced downward pressure on Friday as elevated U.S. Treasury yields diminished the appeal of non-yielding bullion during a holiday-thinned trading week. Markets are closely monitoring President-elect Donald Trump’s impending return to office and the potential implications of his inflationary policies on the Federal Reserve’s outlook for 2025. Key Details:Price Movements: Spot gold fell […]

China’s leading copper smelters have reached an agreement on processing charges for the first quarter of 2025, reflecting a continued shortage of copper concentrates. This decision was made during a meeting of the China Smelters Purchase Team held in Shanghai. Key Details:New Processing Charges: The agreed processing treatment and refining charges (TC/RCs) are set at […]

Japan’s Nippon Steel has announced an extension of the closing date for its $14.9 billion acquisition of U.S. Steel, shifting the timeline from late 2024 to the first quarter of 2025. This decision comes as U.S. President Joe Biden deliberates on whether to block the deal, which has faced significant opposition since its announcement. Key […]