LME to consider replacing warehouse rent caps with fixed daily load-out rates
Under the current system, rent is lowered to zero if a warehouse fails to load out the required metal within 80 days.
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Mideast-bound bauxite, alumina vessels divert due to Hormuz blockage
The Middle East accounts for around 9% of global aluminum supply.
Gold price fades on inflation concerns, silver price rebounds
Spot gold fell much as 3% to around $5,015 an ounce, while silver rose above $85 an ounce.
Aluminum price slips from multiyear high as market turmoil hits metals
Aluminum rose as much has 1.6% to $3,499.50 a ton, the highest since April 2022.
La Mancha builds $313M interest in G Mining
The subscription raises La Mancha’s interest to 19.9% from 16.7%.
Indonesian nickel plants halt output after deadly landslide
Four high-pressure acid leaching plants operated by China’s GEM Co. have halted production.
TMC says consolidated permit application passes US compliance
TMC's consolidated application covers a commercial recovery area of approximately 65,000 km2.
DEScycle, Mitsubishi partner to advance e-waste metal recycling in Japan
DEScycle is currently constructing a demo plant in the UK, supported by funding from MC.
California lithium company to go public in $4.7 billion SPAC deal
The deal will allow Controlled Thermal Resources to advance its flagship Hell's Kitchen project to stage 1 construction.
