Metal

The European Union has cleared the $14.9 billion buyout of U.S. Steel by Japan’s Nippon Steel, allaying competition concerns from a deal that has drawn political opposition in the United States. The approval by the European Commission was expected to be a formality, but the deal is facing resistance from several U.S. lawmakers and the […]

North American graphite miners are lobbying the US government to impose a 25% tariff on three graphite products sourced from China. The move is aimed at countering Beijing’s monopoly on a key material used in automobile batteries. The US government is set to decide in May whether to bring graphite into the list of minerals […]

According to data from the International Lead and Zinc Study Group (ILZSG), the global zinc market surplus widened to 40,100 metric tons in February from 12,300 tons in January. During the first two months of 2023, the global surplus stood at 53,000 tons, compared to a deficit of 8,000 tons in the same period last […]

Zinc production at Nyrstar’s Budel smelting operations in the Netherlands will resume during the week of May 13, the company owned by commodity trader Trafigura announced on Tuesday. The decision to restart the smelter, which has a capacity to produce 315,000 metric tons per year, comes partly due to higher prices for the metal used […]

Australian mining company Anson Resources has announced a lithium carbonate supply agreement with South Korean battery giant LG Energy Solution. Under the deal, Anson Resources will supply 4,000 dry metric tons of lithium carbonate per year from its Paradox Basin project in Utah to LG Energy for an initial term of 5 years. The Paradox […]

Chinese smelters, the world’s biggest buyers of mined copper, are expressing concerns over the potential merger between mining giants BHP Group and Anglo American. The proposed takeover would give BHP control of roughly 10% of global mined copper supplies, surpassing Chile’s Codelco and Freeport-McMoRan as the largest producer. Zhang Weixin, a metal analyst at China […]

Brazilian miner Vale has concluded the sale of a 10% stake in its base metals unit to Manara Minerals for $2.5 billion, according to a securities filing. Last July, Vale and Manara Minerals, a joint venture between Saudi Arabian Mining Company (Ma’aden) and Saudi Arabia’s Public Investment Fund, signed a binding agreement for the deal. […]

Iron ore futures prices declined on Monday, weighed down by weak industrial data from top consumer China and the completion of pre-holiday restocking by Chinese steelmakers ahead of the May Day holiday. The most-traded September iron ore contract on the Dalian Commodity Exchange (DCE) fell by 0.51% to close at 874.50 yuan ($120.69) per metric […]

The Indonesian government has issued a new mining permit for nickel miner PT Vale Indonesia, according to the country’s Investment Minister Bahlil Lahadalia. This development comes after the shareholders of Vale Indonesia approved a rights issue earlier this month. The rights issue will facilitate the acquisition of a stake in the company by MIND ID, […]

Analysts have revised their 2024 gold price forecasts upwards, expecting a “perfect storm” of factors to propel the precious metal to record-breaking levels this year. According to a Reuters poll, analysts and traders are now predicting gold will reach a median price of $2,190 per troy ounce in 2024, up from the previous forecast of […]