Metal

India is currently reassessing a $30 billion programme, established a decade ago, that mandates coal-fired power plants to install equipment aimed at reducing sulphur emissions. This review follows government-backed studies indicating that the programme has had minimal impact on overall pollution levels, as reported by Reuters. Key Highlights:Current Status: Nearly 540 power plant units are […]

Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, according to a White House spokesperson. This referral gives Biden 15 days to make a decision on the merger, which he has previously expressed opposition to. Key Highlights:CFIUS Referral: The Committee on Foreign Investment in the United States (CFIUS), […]

Chile’s environmental regulator has initiated four charges against the Los Bronces copper mine, operated by Anglo American, for failing to comply with environmental permits. Key Highlights:Charges Filed: The Superintendency of the Environment (SMA) announced the charges, which could result in fines totaling nearly 17 billion pesos (approximately $17.17 million).One charge is classified as “very serious,” […]

Arcadium Lithium has announced that its shareholders have overwhelmingly approved a $6.7 billion acquisition by Australian mining giant Rio Tinto. Key Highlights:Shareholder Approval: Approximately 98% of Arcadium’s shareholders voted in favor of the sale.Following the announcement, shares of Arcadium Lithium rose by about 7% in extended trading.Deal Significance: The acquisition is expected to close in […]

Canadian mining giant Barrick Gold (ABX.TO) has officially submitted an arbitration request to the International Centre for Settlement of Investment Disputes to resolve an ongoing dispute with the Malian government regarding its Loulo-Gounkoto gold mine complex. Key Highlights:Dispute Background: The disagreement between Barrick and the Malian junta has been ongoing since 2023, primarily centered around […]

The Indian government is currently re-evaluating the significant rise in gold imports that contributed to a record trade deficit in November, which also led to the rupee hitting an all-time low. This information comes from two government sources familiar with the situation. Key Highlights:Surge in Gold Imports: Gold imports surged to a record high of […]

Ten European Union (EU) countries are advocating for further sanctions on Russian trade, specifically targeting its metal outputs such as aluminium. This initiative aims to diminish Russia’s revenues and funding for its ongoing war in Ukraine, as outlined in a letter obtained by Reuters. Key Highlights:Proposal Overview: The letter, sent two weeks ago, suggests imposing […]

Copper prices fell to their lowest levels in two weeks on Tuesday, primarily driven by a stronger dollar and concerns over demand in China, the world’s largest consumer of the metal. The decline was exacerbated by uncertainties surrounding potential U.S. tariffs on imports. Key Highlights:Market Performance: Benchmark copper prices (CMCU3) on the London Metal Exchange […]

Some Japanese aluminium buyers have reached an agreement to pay a premium of $228 per metric ton over the benchmark price for shipments scheduled from January to March. This marks a 30% increase from the current quarter, according to two sources involved in the discussions. Key Highlights:Quarterly Increase: This agreement represents the fourth consecutive quarterly […]

Ten European Union (EU) countries have proposed additional sanctions targeting Russian trade, particularly focusing on metals like aluminium, to further diminish Russia’s revenues and funding for its ongoing war in Ukraine, as revealed in a letter obtained by Reuters. Key Highlights:Current Sanctions Landscape: The EU’s sanctions list currently includes over 2,000 individuals and entities, but […]