Metal

Iron ore futures prices were largely unchanged on Tuesday, following a strong increase the previous day, as investors reacted to proposed property stimulus measures and post-holiday period restocking at furnaces in China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended the day 0.06% lower at 886.5 yuan ($122.88) per metric […]

The United States and its allies must encourage mining projects in countries where Western corporations are reticent to do business, in order to guarantee a reliable and sustainable global supply of the critical minerals needed to combat climate change, according to a senior White House official. Amos Hochstein, the White House senior adviser for energy […]

Copper prices pushed towards two-year highs on Tuesday, with the benchmark copper on the London Metal Exchange (LME) rising 0.8% to $9,989 per metric ton. Prices hit a two-year peak of $10,208 last week, as focus returned to tight supplies and hopes of stronger demand in top consumer China. Analysts expect supply deficits this year […]

JFE Holdings, Japan’s second-largest steelmaker, plans to ramp up overseas investments as part of a long-term drive to double its profits, as it posted a 21.4% rise in annual net profit but flagged a smaller increase for this year. JFE President Yoshihisa Kitano, who took the helm on April 1, said boosting overseas earnings is […]

Freeport-McMoRan is preparing to ship as much as 900,000 metric tons of copper concentrate starting in June from its Grasberg mine in Indonesia, according to two sources with knowledge of the situation. This comes after positive talks with the Indonesian government to extend the company’s export license, which is set to expire at the end […]

BHP’s plan to divest the South African assets of its target Anglo American is a key part of the strategy behind the proposed $39 billion takeover, according to investors briefed on the miner’s thinking. BHP’s initial takeover proposal, which was rejected by Anglo American on April 26, required Anglo to offload its shares in Kumba […]

Iron ore futures prices rose on Monday as investor sentiment was bolstered by China’s efforts to revive its struggling property market, and an expected wave of restocking from steelmakers after the Labour Day holidays. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 2.63% higher at 896 yuan ($124.21) […]

Eramine Sudamerica, a company owned by French miner Eramet and Chinese steelmaker Tsingshan, is set to inaugurate its first lithium carbonate plant in the northern Argentine province of Salta this July. This will make Eramine Sudamerica the fourth lithium producer in Argentina. The company expects to produce around 3,000 tons of lithium this year and […]

Shanghai copper prices fell on Monday, tracking losses in the London Metal Exchange (LME) market, amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property sector. The most-traded June copper contract on the Shanghai Futures Exchange (SHFE) closed down 0.6% to 81,300 yuan ($11,268.35) per metric ton, following an […]

The $140 billion Australian mining group BHP’s proposed $39 billion acquisition of its rival Anglo American has put South Africa and its mining sector in a precarious position. If the deal goes through, it would see one of South Africa’s most well-known companies largely withdraw from the country, more than a century after it was […]