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 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.

May 19, 2023

LME profits fall to 8-year low as nickel crisis hits exchange

The LME’s annual profit fell 27% to $56.1 million, the lowest since before a hike in trading fees in 2015.

May 19, 2023

Trafigura says accused fraudster’s wife not a bystander

Trafigura in February accused Prateek Gupta and the companies connected to him of perpetrating a “systematic fraud” .

May 19, 2023

Nickel prices seen falling as global surplus looms

Global nickel prices are poised to decline over the next few years as top producer Indonesia ramps up supplies and production costs fall.

May 18, 2023

Vale gets offers for stake in base metals unit

Vale would sell 10% of the unit worth around $2.5 billion, local newspaper reports.

May 17, 2023

Sherritt International reports second fatality at Cuba mine in a month

An employee died at its Moa joint venture mine in Cuba.

May 16, 2023

EU raw material targets need money and faster permits, sector chief says

Under the EU Critical Raw Materials Act, 10% of annual needs must be mined in Europe by 2030.

May 16, 2023

LME fights to regain trust after last year’s nickel crisis

The LME has made a number of changes to its rules since the crisis.

May 15, 2023

Korea’s battery makers embrace LFP cells as China strides ahead

South Korea’s battery giants have to date mainly focused on nickel cells and largely neglected research into iron-based cells.