August 15, 2023

Iron ore price climbs as China’s PBOC cuts rates to support recovery

The metal rose after the People’s Bank of China cut the rate on one-year loans by 15 basis points — the most since 2020.

August 15, 2023

Weak demand sends near-term LME aluminum discount to highest since 2008

The LME benchmark three-month aluminum contract dropped to its lowest since July 7.

August 15, 2023

TechMet raises $200m to counter China’s critical minerals control

Fresh equity will be deployed across TechMet’s ten assets, which aim at reducing the west’s dependence on China for critical minerals.

August 14, 2023

China’s gold prices rising higher than rest of world due to import curbs

The swing to a premium is being driven by tighter supply in China, the World Gold Council said in a report last week.

August 14, 2023

Azure Minerals rejects $585m takeover bid from SQM

The Australian company rejected the buyout bid received on August 12.

August 14, 2023

New Found Gold explores use of Maritime’s processing facility for early production

NFG has signed an MOU for the right to conduct due diligence and exclusivity to negotiate a toll milling agreement at the existing Pine Cove mill.

August 14, 2023

Esmark makes $7.8 billion offer for US Steel Corp

On Sunday, US Steel launched a formal review of strategic options after rebuffing a takeover offer from rival Cleveland-Cliffs.

August 14, 2023

US Steel soars after it rejects $7.25 billion Cliffs bid

Cliffs said it submitted the proposal privately on July 28 and received a rejection letter on Sunday that called the offer “unreasonable.”

August 14, 2023

Deep sea miner The Metals Company stock surges on $27 million capital raise

According to TMC, this registered direct offering is on significantly above-market standard terms, and is led by its largest shareholder.

August 14, 2023

Iron ore price falls on worries of steel output cut in China

Lackluster Chinese demand and property market deterioration also added pressure.