April 4, 2023

Harita Nickel sets IPO price at $670 million

The pricing was set at the higher end of the initial indicative offering range.

April 4, 2023

NGEx shares shoot up 23% on new copper-gold discovery in Argentina

CEO Wojtek Wodzicki said the grades are some of the best he has seen in his career.

April 4, 2023

Shanghai Futures Exchange lowers margin requirements for metals trading

Margin requirements for copper and aluminum will be lowered from 12% to 9%.

April 4, 2023

Teck said to be open to offers once coal spinoff is complete

Canada’s largest diversified miner has rejected an unsolicited acquisition proposal from Glencore Plc.

April 3, 2023

Glencore’s bid for Teck shows it’s willing to abandon coal

The Teck proposal “shows that Glencore do see merit in spinning off coal, which they’ve never said before,” a portfolio manager said.

April 3, 2023

Wyloo says offer for Mincor is ‘best and final’ after nickel miner withdraws guidance

Wyloo has determined that the current offer price of $1.40 per share will not be increased, in the absence of a competing proposal.

April 3, 2023

Gold price rallies as OPEC+ supply cut fuels more uncertainty

The shock decision by OPEC+ is "really driving that inflation hedge trade for gold," analyst says.

April 3, 2023

Iron ore price slides on Chinese regulatory crackdown worries

The Chinese state planner has issued several warnings against hoarding and speculation in recent weeks.

April 3, 2023

Copper price back below $9,000 on weak China industrial activity

Metal price was also impacted by the rise in oil prices and fears about inflation and higher interest rates in the US.

April 3, 2023

Teck rejects unsolicited $23bn takeover bid from Glencore

Teck Resources is instead urging shareholders to approve an already announced separation of Teck Metals and Elk Valley Resources.