Metal

BHP is currently embroiled in a significant lawsuit in London’s High Court regarding the 2015 collapse of the Mariana dam in Brazil, which resulted in one of the worst environmental disasters in the country’s history. Key details include: Lawsuit Overview: The lawsuit, potentially worth up to £36 billion ($47 billion), involves over 600,000 Brazilians, 46 […]

Chinese steelmakers are poised to maintain high export volumes in 2025, driven by overcapacity and weak domestic demand, which could exacerbate existing trade tensions. Key points include: Export Growth: China is on track to export over 100 million metric tons of steel this year, the highest since 2016, with a 21.2% increase in exports during […]

Gold prices surged past the historic milestone of $2,700 per ounce on Friday, driven by escalating geopolitical tensions, uncertainties surrounding the U.S. elections, and expectations of relaxed monetary policies. Key highlights include: Price Movement: Spot gold rose 1% to $2,720.05 per ounce, while U.S. gold futures settled at $2,730, marking a 2.4% increase for the […]

Brazil’s Vale has reported a 5.5% increase in its third-quarter iron ore production, reaching 91 million metric tons, the highest output in nearly six years. Key highlights include: Production Surge: The increased output is attributed to enhanced performance at key Brazilian mining projects: S11D, Itabira, and Brucutu.Future Forecast: Vale has raised its 2024 iron ore […]

Rio Tinto has announced an increase in iron ore shipments for Q3, aligning with expectations, and reaffirmed its commitment to the Simandou high-grade iron ore project in Guinea, which is set to begin production in 2025. Key details include: Q3 Shipments: The company shipped 84.5 million tonnes (Mt) of iron ore from its Pilbara operations, […]

China’s iron ore imports increased by 2.7% from August and 2.9% year-on-year in September, reaching 104.13 million metric tons, the highest since January. Key points include: Price Influence: Lower prices and expectations for improved demand during the peak construction season encouraged bookings.Domestic Production Decline: Domestic iron ore output dropped by 9.4% year-on-year in August, prompting […]

China is taking significant steps to reshape the pricing of industrial metals, aiming to increase its influence on global markets through the Shanghai Futures Exchange (ShFE). Key aspects of this initiative include: Attracting Foreign Firms: China plans to draw international investors to trade on ShFE, which could challenge the long-standing dominance of the London Metal […]

China’s alumina futures have surged to a record high due to supply concerns following export disruptions from Guinea’s bauxite mines. Key details include: Export Suspension: Emirates Global Aluminium reported that bauxite exports from its subsidiary, Guinea Alumina Corporation (GAC), have been suspended by customs, prompting supply worries.Price Surge: The most-traded November alumina contract on the […]

Japan’s Mitsui & Co is set to re-enter the global precious metals trading market after a nine-year hiatus, aiming to provide hedging solutions for clients. Key details include: Market Re-entry: Mitsui plans to return to precious metals trading through its subsidiary, Mitsui Bussan Commodities Ltd, based in London.Increased Liquidity: The company’s return is expected to […]

Sibanye Stillwater, a South African mining company, has been ordered by London’s High Court to pay damages to Appian Capital Advisory following the termination of a $1.2 billion deal for the acquisition of Brazilian nickel and copper mines. Key details include: The court ruled that Sibanye was obligated to complete the purchase of the Santa […]