Metal

Russia’s Norilsk Nickel (Nornickel), the world’s largest producer of palladium and a significant refined nickel supplier, announced on Friday its intention to sell all of its production in 2025, despite facing challenging conditions in the metals market. Key Highlights:Market Context: Nornickel is not directly subject to Western sanctions, but restrictions against Moscow have led many […]

Gold prices experienced a decline on Friday after reaching a five-week high in the previous session, influenced by a strengthening U.S. dollar. However, the precious metal is on track for a weekly rise, buoyed by expectations of a potential rate cut by the Federal Reserve next week. Key Highlights:Current Pricing: Spot gold (XAU=) fell 1.1% […]

Argentina’s mining exports are set to increase by nearly 6% this year, driven by higher sales of lithium, gold, and silver, according to Roberto Cacciola, head of the country’s leading mining association, CAEM. Key Highlights:Export Growth: The mining sector is estimated to generate approximately $4.3 billion in exports this year, up from $4.06 billion in […]

Rio Tinto is making significant strides in South America, expanding its lithium production plans in Argentina and positioning itself to potentially partner with Chilean state miner Codelco on a new lithium project. Key Highlights:Strategic Moves in Lithium: Rio Tinto aims to solidify its status as one of the largest lithium miners globally, crucial for electric […]

Recent events, including the arrest of mining executives in Mali and the seizure of a French-run uranium site in Niger, have created uncertainty for Western miners operating in West Africa. This situation has raised concerns about future investments in the region, despite day-to-day production remaining largely unaffected. Key Highlights:Current Situation: The arrests of executives from […]

The White House confirmed on Tuesday that a national security review of Nippon Steel’s $15 billion bid for U.S. Steel is still in progress. President Joe Biden will await the results of this review before deciding whether to block the acquisition, although he has expressed opposition to the deal. Key Highlights:Market Reaction: Following a Bloomberg […]

China is inviting public feedback on draft guidelines aimed at measuring greenhouse gas emissions in the steel industry, as part of its broader strategy to integrate steel mills into the national carbon market. Key Highlights:Draft Guidelines Announcement: The Ministry of Ecology and Environment announced the guidelines on Friday, emphasizing the need for standardized measurement of […]

The West is grappling with significant disruptions in critical minerals supply chains as China imposes stringent trade restrictions on strategic materials. This situation is particularly affecting industries reliant on these minerals, prompting urgent efforts to diversify sources. Key Highlights:Henkel’s Force Majeure Declaration: German company Henkel announced a force majeure due to delays in antimony imports, […]

Chilean mining company Antofagasta and China’s Jiangxi Copper have reached an agreement to lower copper concentrate processing fees for 2025. Sources familiar with the matter reported that the treatment and refining charges (TC/RCs) will be set at $21.25 per ton and 2.125 cents per pound, marking a substantial decrease of 73.4% from the $80/8 cents […]

Interros, the largest shareholder of Nornickel, has formally objected to a lawsuit filed by fellow shareholder Rusal in London. The lawsuit alleges that Rusal is attempting to secure maximum dividends from Nornickel, potentially to the detriment of the company’s interests. Key Highlights:Background of the Dispute: The conflict intensified after the expiration of a decade-old shareholder […]