Metal

Nippon Steel has announced it will not import steel from its international mills to the U.S. as part of its strategy to secure its $14.9 billion acquisition of U.S. Steel. This decision comes amid concerns from the United Steelworkers union and the incoming Biden administration. Strategic Move: Executive Vice President Takahiro Mori communicated this in […]

Orla Mining has announced its acquisition of the Musselwhite Gold Mine in Ontario from Newmont for $850 million, a move that is set to more than double Orla’s gold production. Transaction Details: The deal will enable Newmont to generate up to $2.9 billion from non-core asset divestitures, part of its strategy following the $17 billion […]

Compass Minerals (CMP.N) is reportedly in discussions with private-equity firms regarding a potential sale, following significant challenges stemming from a failed lithium-mining project that negatively impacted the company’s stock value. The Overland Park, Kansas-based minerals producer is currently valued at approximately $1.5 billion, including debt. Current Situation: Sources familiar with the matter indicate that Compass […]

Russia has announced restrictions on the export of enriched uranium to the United States, raising concerns about supply risks for U.S. nuclear power plants that sourced a quarter of their enriched uranium from Russia last year. This move comes in response to a U.S. ban on Russian uranium imports enacted earlier this year. Background: The […]

Prime Minister Anthony Albanese stated that any changes in U.S. climate policy under the Trump administration could enhance Australia’s efforts to attract investment in its critical minerals and green energy sectors. Resource Abundance: Australia is rich in essential minerals such as copper, vanadium, cobalt, and lithium, which are vital for electric vehicle batteries and other […]

Copper prices are projected to decline towards $8,500 per metric ton over the next four months, driven by expectations of weakened demand due to potential trade disruptions if Donald Trump returns to the White House in January, according to industry experts. Current Market Status: As of 0852 GMT, benchmark three-month copper on the London Metal […]

The China Nonferrous Metals Industry Association (CNIA) has called for increased utilization of aluminium and recycled copper to address the ongoing shortages of copper resources, which are impacting profits for Chinese smelters. This statement was made during a conference amid growing challenges in the copper industry. Current Industry Challenges: Ge Honglin, chairman of CNIA, highlighted […]

Chinese copper smelters are expected to further reduce production, shut down, or extend maintenance next year due to a significant shortage of raw materials, particularly copper concentrate. This outlook was shared by participants at the CRU World Copper Conference Asia held in Shanghai. Raw Material Shortage: Global disruptions in mining operations and rapid capacity expansions […]

Copper prices have fallen to their lowest levels in two months, driven by concerns regarding the economic policies of incoming U.S. President Donald Trump and their potential impact on China, the world’s largest consumer of metals. Market Performance: On the London Metal Exchange (LME), three-month copper prices (CMCU3) decreased by 2%, settling at $9,145 per […]

Ukrainian steel producers have reported significant increases in both rolled steel production and exports in 2024, according to the local steel producers’ union, Ukrmetprom. Production and Export Figures: Rolled steel output has risen by 20.6% from January to October 2024, reaching 5.3 million metric tons, compared to 4.4 million tons during the same period last […]