Albemarle swings to quarterly profit as cost cuts offset lithium price drop Profit for the quarter ended December 31 was $33.6 million, compared to a loss of $617.7 million a year ago. Reuters | February 12, 2025 | 2:14 pm
Vale to announce $12 billion investment to expand Carajas site Brazil's presidential palace said Vale will present its "New Carajas" project, but it did not give further details. Reuters | February 12, 2025 | 12:54 pm
Column: Tariff threat opens up transatlantic rift in copper pricing The arbitrage between CME and LME contracts has blown wider in recent days, with the US premium exceeding $1,000 per tonne. Reuters | February 12, 2025 | 10:21 am
Gold price rally hits pause as traders digest data, Powell remarks The US central bank “will make decisions about interest rates as we go,” Fed chair Jerome Powell said this week. Bloomberg News | February 12, 2025 | 10:00 am
Chinese lithium firms take over copycat Nigeria refinery project A joint venture between Canmax Technologies and Jiangxi Jiuling last year took a controlling interest in Ganfeng Lithium Industry. Bloomberg News | February 12, 2025 | 9:49 am
Ivanhoe Electric raises $60M to fund Arizona copper project Ivanhoe said it will use the funds to complete the ongoing prefeasibility work for the Santa Cruz project. Staff Writer | February 12, 2025 | 9:41 am
McEwen Copper requests major tax breaks for Los Azules mine in Argentina McEwen plans to invest $2.7 billion in the Los Azules mine. Reuters | February 12, 2025 | 9:14 am
China tightens rules on new copper smelters to curb overcapacity China has tightened requirements for building new copper smelters, in its latest attempt to curb relentless capacity expansion. Bloomberg News | February 12, 2025 | 8:19 am
Lithium stocks drop as CATL’s refinery restart weighs on prices The refinery reopening should be negative for lithium sector share prices, and the spot price, analysts said. Bloomberg News | February 12, 2025 | 8:13 am