Vale CEO says miner will spin off copper, nickel unit
Rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business.
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Rio Tinto seeks pitches from bankers for lithium deals in battery metal foray
Rio Tinto is the only one of the world’s biggest diversified miners looking to start mining lithium.
Aurubis tests ammonia for low-carbon copper product output
Use of ammonia can reduce the amount of natural gas required for the production of copper wire rod by up to 20%, Aurubis said.
Euphoric dollar vexing gold
The euphoric US dollar’s epic parabolic surge over this past half-year continues to sorely vex gold.
ISS sides with top Turquoise Hill investors in dismissing Rio takeover
ISS recommended Turquoise Hill shareholders vote against Rio’s cash offer to acquire 49% of the stock it doesn’t own for C$43 a share, the firm said.
Gold price rebounds on expectations of Fed rate hike peaking soon
“Gold is staging a comeback as expectations grow that this next 75 basis-point hike will be the last major one,” analyst said.
Iron ore price rises on hopes of easing covid restrictions in China
The World Steel Association has projected a 2.3% contraction in global steel demand this year.
LME Week: cocktails, canapés and crises
Trading volumes have been sliding sharply since the nickel blow-out in March and there's lingering uncertainty as to the future of the exchange's iconic open outcry trading ring, writes Andy Home.
Copper faces long-term shortage as demand outruns supply
BHP CEO Mike Henry said the market will be in “a little bit oversupply” in the next few years, before tightening up toward the end of the decade.