February 23, 2024

Russian metals aluminum, nickel escape new US sanctions

Aluminum retreated as much as 1.1% on Friday, while nickel pared an earlier advance of as much as 1.2%.

February 22, 2024

Anglo American to review assets after writedowns and profit plunge

The miner has announced a $1.6 billion impairment charge on its De Beers diamond business owing to faltering demand.

February 22, 2024

TIMELINE: Anglo American’s efforts to tackle weak commodity prices

Anglo American said it will review its assets after a 94% plunge in annual profit.

February 21, 2024

IGO profit slumps on impairment charge, weak prices

IGO's net profit attributable for the half year ended Dec. 31 came in at A$288.3 million.

February 21, 2024

Eramet in talks with France to offload debt from SLN nickel unit

Eramet, which has refused to inject more funds into SLN, aims to reach a deal in the coming weeks to remove some 320 million euros of debt.

February 21, 2024

Aluminum price surges as White House plans fresh sanctions on Russia

President Joe Biden said the US plans to unveil a “major” sanctions package against Moscow on Friday.

February 21, 2024

Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse

Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.

February 21, 2024

First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles

Jiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000 tonnes of copper anode per year from mines in Zambia.

February 20, 2024

CHART: China’s Belt and Road mining investment hits record

China’s overseas investment in metals and mining as part of its Belt and Road Initiative surged by 158% last year, hitting $19.4 billion with energy transition metals the main focus.

February 19, 2024

Philippine tycoon says bigger mining areas key to riding EV boom

The Philippines and Indonesia are the world’s biggest suppliers of nickel.