Metal

A new Singapore-based commodities exchange, Abaxx, has started trading in liquefied natural gas (LNG) and carbon futures on Friday. However, the exchange has delayed the launch of its contract for nickel sulphate, a form of nickel used in electric vehicle batteries. The exchange, which is owned by Canadian-listed Abaxx Technologies Inc (ABXX.NLB), was initially planning […]

The world’s largest lithium producers told a major industry conference this week that they remain bullish on long-term demand for the electric vehicle battery metal, despite the recent plunge in lithium prices. Once a niche metal primarily used in ceramics and pharmaceuticals, lithium demand has grown rapidly over the past decade. However, oversupply from China […]

Canadian mining company First Quantum Minerals (FM.TO) is set to launch formal arbitration proceedings against Panama in July over the country’s decision to close down the giant Cobre Panama mine last November, according to two people familiar with the matter. The move comes as Panama transitions to a new administration, which could determine the future […]

Chile’s state-owned mining giant Codelco, one of the world’s largest copper producers, has fallen further behind its production targets in May, according to an internal document obtained by Reuters. The document shows that Codelco produced 103,100 metric tons of copper in May, which is 8.6% below its target of 112,800 tons. The company’s copper production […]

The London Metal Exchange (LME) is exploring the possibility of listing Hong Kong as an LME warehouse location, according to the chief executive of its owner, Hong Kong Exchanges and Clearing (HKEX). This move is part of the exchange’s strategy to strengthen its global logistics footprint. Registering warehouses in China, the world’s largest consumer of […]

According to previously unreported regulatory documents, Sigma Lithium, the largest player in Brazil’s booming lithium industry, has found “probable” mineral reserves on two plots of land that have been caught up in a legal dispute between the company’s CEO, Ana Cabral, and her ex-husband, Calvyn Gardner, a former co-CEO. The documents, which were filed by […]

Four decades ago, a rare earth processing plant on France’s Atlantic coast was one of the largest in the world, producing materials used in various industries. However, over the years, the plant’s output has diminished as Europe lost its dominance in rare earth processing to China. The plant’s current owner, Solvay, is now racing to […]

Congestion at Singapore’s container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping, with bottlenecks also appearing in other Asian and European ports. Retailers, manufacturers and other industries that rely on massive box ships are again battling surging […]

Copper prices held steady in London on Wednesday despite pressure from concerns about current demand in top metals consumer China, rising stocks, and a stronger dollar. Benchmark copper on the London Metal Exchange (LME) was stable at $9,567 a metric ton in official open-outcry trading. It has dropped 14% since speculative buying took prices to […]

Albemarle, the world’s largest lithium producer, plans to hold more auctions for the metal used in electric vehicle batteries to boost price transparency and promote a better understanding of the opaque market, an executive said on Tuesday. The move is one of the most aggressive by an industry leader to clear up the widespread confusion […]