Metal

Chile’s state copper producer Codelco and lithium company SQM have agreed to a final deal to create a joint venture for lithium production in the Atacama salt flat. The deal will grant majority control to Codelco, a core element of President Gabriel Boric’s strategy to boost government production of lithium, a key material for electric […]

Russian mining and metals giant Nornickel has revised its forecasts for the global nickel and palladium markets in 2024 and 2025. Nornickel, the world’s largest producer of palladium and high-grade nickel, now expects the global nickel surplus to be around 100,000 metric tons this year, down from its previous estimate of 190,000 tons. The company […]

Chilean state-owned copper giant Codelco has reached a collective contract agreement with two workers’ unions representing over 800 employees at its Andina mine, the company announced on Thursday. This agreement, made ahead of the planned deadline, helps avert the risk of a potential strike at the site. The three-year deal will cover workers represented by […]

French President Emmanuel Macron personally intervened to persuade Canadian Prime Minister Justin Trudeau to provide relief from sanctions on Russian titanium for Airbus and other aerospace companies, according to three people familiar with the matter. The sensitive request was made during a phone call between the two leaders in March, just weeks after Canada broke […]

United States Steel Corp (U.S. Steel) and Nippon Steel have announced that they have received all regulatory approvals outside of the United States related to their proposed $14.9 billion merger. The two steelmakers reiterated that they expect the deal to be completed in the second half of this year. Nippon Steel, a Japanese steel producer, […]

India, the world’s largest silver consumer, has already imported more silver in the first four months of 2024 than it did for the entire year in 2023, driven by rising demand from the solar panel industry and investors betting on silver’s outperformance over gold. According to a government official, India imported a record 4,172 metric […]

China, the world’s largest producer of rare earths, is set to raise its rare earth mining output quota to a record high of 270,000 metric tons in 2024, according to an industry official. Chen Zhanheng, the vice secretary general at the Association of China Rare Earth Industry, revealed the planned increase at an industry conference. […]

In a decisive move, Anglo American has rejected BHP Group’s last-ditch request for more time to discuss a $49 billion takeover offer, effectively ending BHP’s five-week pursuit of the mining giant. Anglo had previously granted BHP a one-week extension until 1600 GMT on Wednesday to submit a binding offer, after rejecting a third takeover proposal […]

Barrick Gold Corp (ABX.TO) has reported that its Porgera Mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, following a massive landslide that struck the Enga province where the mine is located. The landslide buried more than 2,000 people, according to the Papua New Guinea government, […]

Kazakh uranium miner Kazatomprom (KZAP.KZ, KAPq.L) reported a first-quarter profit of 93.245 billion tenge ($211.2 million), down 14.6% from 109.2 billion tenge a year earlier. The company, which is the world’s largest producer of uranium, cited lower sales volumes and a decrease in the average realized price as the main factors contributing to the decline […]