Metal

China’s Ministry of Industry and Information Technology has put forward a plan to intensify domestic exploration of certain mineral resources in order to provide support to the energy storage manufacturing industry.Under a draft plan released on Wednesday, China is set to ramp up its endeavors to back domestic exploration of lithium, cobalt, and nickel resources. […]

On Tuesday, state-backed research house Antaike reported that the China Zinc Smelters Purchasing Team (CZSPT) has established domestic processing fees for zinc concentrate within the range of 2,000 yuan ($281.57) per metric ton to 2,500 yuan per ton for the first quarter of 2025.Moreover, the group has also set processing fees for imported cargoes at […]

On Tuesday, the local head of U.S. miner Freeport-McMoRan FCX.N, Mario Larenas, stated that the prolonged delay in implementing reforms in Chile aimed at speeding up mining permits poses a “serious” problem for the mining industry in the world’s leading copper-producing nation.Chile, which is also the world’s second-largest producer of lithium, a crucial battery metal, […]

Anglo American (AAL.L) has reached an agreement to sell a 33.3% stake in a joint venture that holds a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia. The sale price is set at A$1.6 billion ($1.1 billion).This deal initiates Anglo’s broader strategy to restructure its business. The need for […]

On Monday, gold prices witnessed a slight upward movement. The looming uncertainty of the US election, with markets factoring in the potential for a contested result and existing political tensions, contributed to this. At the same time, investors were closely observing the Federal Reserve’s policy meeting scheduled for later in the week.The US presidential election […]

Gold demand in India experienced a notable increase this week due to festival purchases, although overall volumes lagged behind typical levels because of record-high prices. Here are the key highlights: Retail Buying Surge: Retail gold purchases surged as consumers sought to buy during the auspicious festival period. However, many buyers opted for token purchases due […]

Russian aluminium giant Rusal has escalated its legal dispute against Vladimir Potanin, the CEO and largest shareholder of metals producer Nornickel, by introducing fresh claims. Here are the key details: New Allegations: Rusal’s latest claims assert that the development of the digital exchange platform Atomyze and the launch of an employee incentive scheme by Nornickel […]

Sumitomo Corp, a major Japanese trading house, announced on Thursday that it is gradually resuming production at the Ambatovy nickel and cobalt project in Madagascar following a pipeline issue last month. Here are the key details: Production Resumption: The company is slowly restarting operations and is currently reviewing future output volumes to stabilize production and […]

South Korea’s financial market watchdog is conducting an investigation into Korea Zinc’s decision to issue new shares, amid concerns of potential unfair practices. Here are the key points: Share Issuance Announcement: Korea Zinc, the world’s largest zinc refiner, announced plans to issue new shares valued at approximately $1.8 billion, which analysts view as a strategy […]

Codelco, Chile’s state-owned copper miner, reported a decline in copper production for the first nine months of the year, with key highlights including: Production Figures: Codelco produced 918,000 metric tons of copper from January to September, down 4.9% compared to the same period last year. In the third quarter alone, production was 338,000 tons, reflecting […]