Metal

Mining giants BHP and Vale have reached a deal to split equally the cost of any damages related to proceedings in Britain over the 2015 Fundao Dam collapse in Brazil that killed 19 people. While denying liability for related claims, the companies have agreed to each pay 50% of any amount potentially payable to the […]

According to a report by the Brazilian newspaper O Globo, a consulting firm hired by mining company Vale to assist with its chief executive succession process has presented its board of directors with a list of 15 potential candidates for the top job. The consulting firm, Russell Reynolds, has reportedly recommended executives from large Brazilian […]

Logistics company Access World has been put up for sale by its new owners Global Capital Merchants (GCM), less than two years after they acquired it from commodity trader and miner Glencore. According to three sources familiar with the matter, GCM had only paid Glencore $40 million out of the agreed $180 million sale price. […]

China’s top copper smelters have agreed on a price guidance for third-quarter copper concentrate processing treatment and refining charges (TC/RCs) that is the lowest since at least 2015, according to two sources familiar with the matter. At a meeting of the China Smelters Purchase Team (CSPT) in Shanghai, the attendees set the guidance prices at […]

The global lithium industry is closely watching a project in Argentina’s northern mountains, where French miner Eramet is attempting to use an innovative technique called direct lithium extraction (DLE) to produce the metal essential for electric vehicle batteries. Unlike traditional lithium production methods that rely on large evaporation ponds, Eramet’s DLE process aims to extract […]

The Guangzhou Futures Exchange (GFEX) has announced plans to launch China’s first platinum and palladium futures contracts. This move aims to provide a domestic price hedging mechanism for these precious metals, which are widely used in the automotive industry and other industrial sectors. The GFEX will be the first exchange in China to allow delivery […]

Germany’s largest industrial union, IG Metall, has reaffirmed its demand for a 7% pay rise for its 3.9 million workers. This demand was previously recommended by the union’s leadership for this year’s collective bargaining round, which is a key indicator of wage growth in the euro area. The union stated that while inflation rates may […]

Anglo American has hired three banks – Goldman Sachs, Morgan Stanley, and Centerview Partners – to help with the sale of its steelmaking coal assets in Australia. Analysts value these assets at up to $5 billion as part of a broader restructuring effort by the company. Anglo’s CEO, Duncan Wanblad, had announced in May that […]

Nornickel, the Russian mining giant, is in talks with China Copper to form a joint venture that would allow Nornickel to move its entire copper smelting base to China. This would mark Russia’s first uprooting of a domestic plant since the U.S. and Britain banned metal exchanges from accepting new aluminum, copper, and nickel produced […]

Mining trade groups in the United States are planning to push Washington to revive and expand the long-dormant Bureau of Mines, an effort aimed at streamlining how the U.S. government regulates and supports critical minerals production. This lobbying campaign is set to launch this month, ahead of the 2024 presidential election. The National Mining Association, […]