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.

May 15, 2023

Ivanhoe Electric sets up JV with Saudi Arabia’s Ma’aden

The 50/50 joint venture will explore for metals considered key for the world’s energy transition in the Middle eastern country.

May 12, 2023

LME to require warehouses to feel their nickel bags after heist

The tests include using magnets and metal detectors to ensure that the bags do in fact contain metal, and a so-called “touch inspection”.