Codelco to benefit from entry into lithium business, says Moody’s
On Tuesday, Codelco CEO said that the company made progress in negotiating with local communities over lithium mining.
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Patriot Battery’s Corvette lithium project inches forward on permitting
Based on company calculations, Corvette is home to the largest lithium pegmatite resource in the Americas.
Specialist funds cautious on copper rally, says trader IXM
Funds that specialize in metals have been more cautious than other speculators on the rally that sent copper prices to a 22-month peak this week.
Biden calls for tripling of tariffs on Chinese steel
The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions
Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap.
Aging copper mines are turning into money pits despite demand
Chile’s Chuquicamata is a cautionary tale for an industry beset by rising costs and heightened regulatory scrutiny.
Aurubis to grow organically rather than through deals, CEO says
The $700 million facility will have an initial capacity of 90,000 metric tons per year.
Gold price holds near record, could rise to $2,700, says Goldman Sachs
Bullion has gained about 16% so far this year and more than $500 since October.
Traders are already gaming the new Russian metal sanctions
The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.
