Metal

BHP Group’s operational carbon emissions are set for a “small increase” this financial year, an executive revealed on Wednesday, as the miner said its “non linear” path to net zero requires overcoming growth and technological challenges. Still, the world’s largest listed miner is on track to cut those emissions by at least 30% by 2030, […]

Iron ore futures prices pared losses on Tuesday, helped by resilient near-term demand for the key steelmaking ingredient and renewed stimulus hopes in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) managed to claw back above the psychological level of 800 yuan ($110.16) per metric ton, ending the […]

The European Court of Justice has ruled that the notorious Ilva steel plant in the southern Italian city of Taranto should be shut down if it poses serious and significant threats to the environment and human health. The plant, now known as Acciaierie d’Italia (ADI) but often referred to by its old name “Ilva”, has […]

French mining company Eramet and German chemical giant BASF have decided to cancel their joint $2.6 billion investment project to build a nickel-cobalt refining complex in Weda Bay, Indonesia. In a news release, Eramet stated that after a thorough evaluation, including discussions about the project execution strategy, both partners have decided against the investment. Eramet […]

Rare earth developer Meteoric Resources (MEI.AX) has announced a collaboration with a regional department of Brazil’s Minas Gerais state to explore the production of rare earth magnets. Meteoric is currently developing its Caldeira rare earths deposit in Minas Gerais and is planning a demonstration plant to produce a mixed rare earth carbonate and small volumes […]

Spot palladium prices in London hit a one-month high and briefly broke above the key level of $1,000 per troy ounce on Friday, driven by short covering and tight nearby physical supply. Spot palladium XPD= was up 2.6% at $947 per troy ounce by 1655 GMT after reaching $1,027, its highest since May 22. Prices […]

India has canceled the auction for 14 out of 18 blocks of critical minerals that were launched in the second tranche of such auctions, according to a notice by government agency MSTC. In February 2023, India had launched the second part of its critical minerals auction worth an estimated $362 billion, listing 18 critical mineral […]

As heavy rains continue to batter Chile, causing widespread damage and cutting off areas of the country, one community is now dealing with the aftermath of a mining tailings dam rupture. The tailings dam belonging to copper miner Las Cenizas in central Chile began overflowing overnight on June 13 due to the heavy rains. This […]

Zinc and lead prices are expected to remain elevated for the rest of 2023 due to tightness in mine supply, according to industry analysts. Dan Smith, head of research at Amalgamated Metal Trading (AMT), stated that zinc prices are likely to stay high as closures and declining output at some mines reduce supply. Additionally, a […]

According to data from the World Steel Association, global crude steel production in May rose 1.5% from a year earlier to 165.1 million tonnes. The key highlights are: China, the world’s top producer and consumer of steel, saw its crude steel output increase by 2.7% to 92.9 million tonnes in May. In contrast, Japan’s crude […]