January 15, 2024

LME CEO aims to have first contracts with Shanghai futures exchange in 2024

The specific contacts to be launched with ShFE were still under discussion.

January 10, 2024

Share of Russian aluminum in LME warehouses rises to 90% after UK curbs

The rise follows a restriction imposed by Britain on entities and individuals taking physical delivery of Russian-made base metals.

January 10, 2024

Saudi Arabia earmarks $182 million for minerals exploration in mining push

The Gulf state has revised upwards estimates for its untapped mineral resources to $2.5 trillion.

January 9, 2024

Saudi Arabia ups mineral resource estimates to $2.5 trillion

About 10% of the increase in estimate comes from the addition of rare earths minerals.

January 9, 2024

Alcoa to cut Kwinana refinery production in phased-out shutdown

It will begin curtailment of the Western Australia refinery in the second quarter, and cease all output of alumina by the third.

January 8, 2024

Alcoa set to announce Kwinana refinery closure

The plant, one of Alcoa’s first three Western Australia alumina refineries, has been operating below nameplate capacity for the past year.

January 2, 2024

Vedanta faces investor reckoning over $3.2 billion of bonds

Bondholders have until Jan. 2 to give an early consent on a plan to push out due dates on $3.2 billion in bond repayments.

December 28, 2023

Biden extends EU steel, aluminum tariff exemption for 2 years

The Biden administration wants to continue negotiations on measures to address overcapacity and low-carbon production.

December 28, 2023

Some Japan buyers agree to pay Q1 aluminum premium of $90/t, down 7% Q/Q

Some Japanese aluminium buyers have agreed to pay global producers a premium of $90 per metric ton over the benchmark price for shipments from January to March, down 7% from…

December 27, 2023

The biggest global mining news of 2023

A tumultuous year for the global mining industry: collapse of lithium prices, furious M&A activity, gold’s new record and state intervention in mining on a scale not seen in decades.