China’s path-setting lithium futures tumble on trading debut Shares in Tianqi Lithium, YongXing Special Materials Technology, and Ganfeng Lithium slid to the lowest in at least a year. Bloomberg News | July 21, 2023 | 8:37 am
Nickel set to flood the LME, turning metal squeeze into glut New supply from China and Indonesia is about to hit the market, according to Macquarie Group. Bloomberg News | July 21, 2023 | 8:25 am
Newcrest drops after potential buyer Newmont’s weak second quarter Shares of Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months. Reuters | July 21, 2023 | 7:47 am
Dead EV batteries turn to gold with US incentives A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America. Reuters | July 21, 2023 | 7:42 am
Glencore expects 2023 trading unit profits of up to $4 billion The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%. Reuters | July 21, 2023 | 7:33 am
Vedanta posts 41% slump in Q1 profit on soft metal prices Shares of the company closed 6.2% higher ahead of the results. Reuters | July 21, 2023 | 7:33 am
Australia blocks acquisition of lithium mine by China-linked firm Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources. Reuters | July 21, 2023 | 7:32 am
Mining People: Atacama Copper, E-Tech Resources, First Mining, Outcrop Key moves in the mining sector. Staff Writer | July 21, 2023 | 7:11 am
Hydro says Russian metal threatens LME benchmark, Rusal hits back While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies. Reuters | July 21, 2023 | 6:26 am