Metal

According to two sources familiar with the matter, Russian firms have increased their zinc metal production over the past month to benefit from rising state demand and reduce their reliance on China as a destination for the material. Russia’s output of zinc, which is used to galvanize steel, is a fraction of the global total, […]

Australian lithium developer Liontown Resources has announced a significant deal with South Korean electric vehicle battery maker LG Energy Solution (LGES). The deal includes $250 million in funding through a five-year convertible note, as well as a 10-year extension to Liontown’s existing lithium supply agreement from its flagship Kathleen Valley operations. The $250 million in […]

Brazilian mining giant Vale has reported the resignation of Vera Marie Inkster from its board of directors, the second such exit in less than four months as the company navigates a search for a new CEO. The company provided no reason for Inkster’s departure in its filing on Monday. This follows the March resignation of […]

In a reversal of its earlier decision, ArcelorMittal’s South African division has decided against shutting down its steel plant in the KwaZulu-Natal province. The company is now working on a plan to make the plant viable, despite the challenges it has faced. Just over six months ago, ArcelorMittal had announced its intention to close the […]

Global mining giant Rio Tinto is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to prevent further industrial action over a sharp drop in wages. This comes after workers staged a strike at the site in May, in response to changes in Mongolia’s Labor Law that led to wage reductions of up […]

Peruvian copper producer Southern Copper, controlled by Grupo Mexico, plans to restart the development of its long-postponed Tia Maria project in Peru on Monday, according to an internal document seen by Reuters. The Tia Maria mine, located in the Islay province of Peru’s Arequipa region, has been on hold for years due to community opposition […]

Shares in China’s largest rare earth producers rose on Monday after Beijing announced new regulations aimed at protecting the supply of these strategic minerals in the interest of national security. The move was seen by some in the market as potentially tightening the supply of rare earths. The regulations, issued on Saturday by China’s State […]

Australian lithium developer Lake Resources LKE.AX announced on Monday that it will slash more than 50% of its global headcount, including six members of the company’s executive team. The move is aimed at cutting costs and maximizing the value of the company’s flagship Kachi project in Argentina. Last week, Lake Resources had said it is […]

Shares in Anglo American AAL.L slid 3% on Monday after the miner suspended production at its Grosvenor steelmaking coal mine in Australia following an underground fire that broke out over the weekend. Anglo American said on Sunday it was battling an underground fire at the mine in Australia’s Queensland state after a blaze ignited there […]

China’s Tianqi Lithium has asked Chile’s financial regulator, the Financial Market Commission (CMF), to reconsider its decision that the planned lithium joint venture between state-run Codelco and miner SQM does not need shareholder approval, according to a report by the Chilean newspaper La Tercera. The CMF had earlier this month ruled that the SQM-Codelco lithium […]