May 26, 2023

Metals markets face grueling summer as Chinese demand falters

Copper has dived below $8,000 a tonne and iron ore is trading south of $100.

May 26, 2023

Deep-sea mining may affect thousands of new species found in hotspot

Scientists have identified more than 5,500 entirely new species in the CCZ of the Pacific Ocean, an area targeted by deep-sea miners.

May 25, 2023

Nippon Steel still in talks with Teck as it seeks stake in coal asset

Nippon Steel said in February it will spend around C$1.15 billion to buy a 10% stake in Elk Valley.

May 25, 2023

BHP confident China property recovery will boost metals demand

Weaker-than-expected construction, particularly in the property sector, has pushed iron ore below $100 a tonne.

May 25, 2023

China’s state iron ore buyer gets down to business, yet to flex pricing power

Around 30 mills signed iron ore contracts though China Mineral Resources Group.

May 24, 2023

Iron ore price drops below $100 as worries over China demand grow

A weaker yuan added to the gloomy mood.

May 24, 2023

Aboriginal group says remediation at Juukan rock shelters has begun

The destruction of the culturally significant site in Western Australia triggered the exit of Rio's CEO, chairman and two senior executives.

May 24, 2023

Commodity bull Goldman says ‘we were wrong’ but sticks to view

The investment bank says its forecasts for major rises in raw materials this year hadn’t panned out so far, but calls for a major rally.

May 22, 2023

Russia raises aluminum exports to China to near record levels as sanctions bite

Russian sales of refined aluminum to China nearly trebled in April from the previous year.

May 19, 2023

Vale said to decide on base metals sale worth billions next week: Brazilian paper

The board of directors is to analyze binding offers for a 10% stake that could be valued at $2.5 billion.