Funds return to LME nickel with $4.6 billion in short positions
Measured by value, that’s a record in data going back to 2018, while in tonnage terms the mismatch is near an all-time high seen in 2019.
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Gold price rises to 11-week high on escalating Middle East conflict
Bullion has been on the rise since Hamas’ surprise attack on Israel earlier this month, up more than 5% over that period.
Antofagasta shares fall after 2024 copper output forecast disappoints
The Chilean miner said it produced 469,100 tons of copper in the first nine months of 2023, 4.1% higher than the same year ago period.
Paladin becomes sole owner of Michelin uranium project
With its JV partners now out of the picture, Paladin will work on defining a path forward for the project in Labrador, Canada.
‘Green’ battery recycling technique allows for massive recovery of aluminum, lithium
A recently developed method allows for the recovery of 100% of the aluminum and 98% of the lithium from spent electric car batteries.
Grupo Mexico proposes work group to address Sonora river contamination
Nine years ago, a toxic mining acid spill into the Bacanuchi river in Mexico's Sonora state became one of the country's worst ecological disasters.
Codelco to buy Lithium Power for $244 million
The acquisition would mark the Chilean copper giant's first foray into the lithium space, as part of the country's new public-private model for the sector.
Vale Institute of Technology, ICMBio to execute genetic sequencing of plants and animals in Brazil
By the end of 2027, the GBB will produce 5,000 genomes of species from Brazilian biodiversity, with 80 species initially defined.
Tharisa delays Zimbabwe platinum mine, citing weak prices and uncertain economy
Tharisa is building the 194,000 ounce per year Karo PGM mine at a cost of $391 million.
