Metal

A senior U.S. official has accused Chinese lithium producers of engaging in predatory pricing by oversupplying the global market, leading to significant price drops. Jose Fernandez, the U.S. under secretary for economic growth, energy, and the environment, stated that China is producing far more lithium than necessary, intentionally driving down prices to eliminate competition. Key […]

Arcadium’s extensive lithium portfolio, developed over nearly 40 years, is drawing interest from Rio Tinto as it seeks to enhance its position in the electric vehicle (EV) battery market. The portfolio spans key regions including Quebec, Argentina, and Australia, combining active mines and advanced processing facilities. Key points include: Rio Tinto is exploring a potential […]

Russian aluminium producer Rusal intends to double the capacity of its Boguchansky aluminium smelter in Siberia to 600,000 metric tons by 2030. This announcement was made by the local government in the Krasnoyarsk region. Rusal, the largest aluminium producer outside of China, launched the first production line at Boguchansky in 2019 with an investment of […]

Rio Tinto is reportedly in discussions to acquire the lithium miner Arcadium, which could position Rio as the third-largest producer of lithium, essential for electric vehicle (EV) batteries. Arcadium’s shares surged 36% in extended trading on Friday amid the news. The negotiations have been ongoing, particularly during the LME Week conference in London. While an […]

Anglo American Plc’s CEO, Duncan Wanblad, stated that the company will not become an “inevitable” takeover target following its decision to unbundle its diamond, platinum, nickel, and coal assets. This restructuring is aimed at concentrating on energy transition metals, particularly copper, after successfully fending off a $49 billion takeover bid from BHP Group in May. […]

On Thursday, Indian Trade Minister Piyush Goyal and U.S. Commerce Secretary Gina Raimondo signed a memorandum of understanding (MOU) aimed at enhancing cooperation on supply chains for critical minerals such as lithium and cobalt, essential for electric vehicles and clean energy technologies. This agreement, reached during Goyal’s visit to Washington, seeks to build resilience in […]

Brazilian miner Vale is focusing on increasing its copper output, as new CEO Gustavo Pimenta acknowledged that the company has fallen behind its competitors in this critical industrial metal sector. Vale, primarily known for its iron ore production, aims to produce between 320,000 and 355,000 metric tons of copper this year, significantly lower than the […]

The London Metal Exchange (LME) is closely monitoring the aluminium market, which has recently experienced a significant spike in the premium for the October contract. The premium over the November contract surged to $18 per metric ton from $5.85 three weeks ago and a discount of $17.50 in July. This condition, known as backwardation, typically […]

The ongoing conflict surrounding the gold mining project by Regis Resources in New South Wales has reignited tensions over Aboriginal heritage. Wiradjuri elder Nyree Reynolds emphasizes the cultural significance of the Bilabula river, stating, “And no one has the right to destroy this.” In August, the Australian government mandated that Regis find a new site […]

The London Metal Exchange (LME) is poised to expand its global metals warehousing network into Hong Kong before the end of 2024, according to three sources familiar with the situation. This move aims to facilitate access to mainland China, the largest consumer of industrial metals. Since acquiring the LME in 2012 for $2.2 billion, the […]