Metal

The London Metal Exchange (LME), the world’s oldest and largest market for industrial metals, has delayed the release of its daily inventory data on Thursday. The data, which is typically released at 9 a.m. UK time, was delayed, and the exchange said it is currently investigating the situation. The LME did not provide any further […]

The state-backed China Iron and Steel Association (CISA) has accused the United States of politicizing the steel trade by further hiking tariffs on some Chinese steel products. This comes after U.S. President Joe Biden unveiled a bundle of steep tariff increases on an array of Chinese imports, including certain steel and aluminum products. In a […]

The CME Group, the U.S. exchange operator, has raised its margin requirements for trading copper futures effective after the close of business on Thursday. This move comes as copper prices have hit record highs this week. The CME Group has increased the outright margins on copper futures by $500 to $5,000 per contract, according to […]

In a move to simplify its operations and build value, Anglo American has suspended hiring globally, the company announced on Thursday. This comes after the London-listed miner rejected a $43 billion takeover bid from Australia’s BHP Group. According to an internal memo reviewed by Reuters, Anglo’s People and Organisation Director Monique Carter stated that the […]

The European Commission is set to launch calls within days for projects to improve the EU’s supply of critical minerals, including lithium, copper, and other resources crucial for the bloc’s green and digital transitions. This move is part of the EU’s Critical Raw Materials Act, which aims to reduce the EU’s dependence on China and […]

Copper demand linked to data centers and artificial intelligence (AI) could add around 200,000 metric tons per year by 2030, according to a note from Australian financial group Macquarie. This estimate is significantly lower than some other market estimates, which have ranged from 500,000 tons to over 2 million tons per year by 2030. Macquarie’s […]

German conglomerate Thyssenkrupp has cut its annual forecasts for sales and net profit for the second time in three months, citing lower demand and prices at its steel unit and impairments at its materials trading division. The company’s shares fell by 5.7% in morning trading following the downgraded outlook. The scaled-back guidance underscores the challenging […]

BHP Group’s options for its pursuit of rival miner Anglo American are narrowing as a May 22 deadline approaches for the mining giant to lodge a binding offer. BHP’s potential moves include sweetening its $42.7 billion buyout offer, making a hostile bid, or walking away for now. BHP CEO Mike Henry and his team have […]

The Australian government has announced a landmark A$22.7 billion ($15.0 billion) package, called the Future Made in Australia, to bolster the country’s domestic manufacturing and renewable energy sectors. This significant investment aims to reduce Australia’s reliance on foreign suppliers for key technologies and position the country as a “renewable energy superpower”. The package, which will […]

Tin prices, which have rallied in recent months to near two-year highs, could see further support and potential gains in the coming months, according to analysts. The key factors driving this outlook include ongoing supply disruptions, the impact of geopolitical conflicts, the possibility of interest rate cuts leading to fund inflows, and stabilizing demand. Benchmark […]