Metal

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 […]

Tongling Nonferrous Metals Group, a leading Chinese copper producer, has announced a delay in the production start date at its new plant in Anhui province until the second half of 2025. Key points include: The plant, which is the largest copper facility to be built in China in over a decade, is expected to have […]

The premium for aluminium shipments to Japanese buyers for the fourth quarter (October to December) has been set at $175 per metric ton, reflecting a 1.7% increase from the previous quarter. This marks the third consecutive quarterly rise and the highest premium since early 2022. Key points include: The new premium is higher than the […]

Rio Tinto has announced its acquisition of U.S.-based Arcadium Lithium for $6.7 billion, positioning itself as the world’s third-largest lithium producer, crucial for electric vehicle batteries. Key details include: The purchase price is $5.85 per share, representing a nearly 90% premium over Arcadium’s closing price prior to the announcement.This deal will give Rio access to […]