Copper price falls after China’s metals auction
China announced it would release a total of 170,000 tonnes of metals, including copper, aluminum and zinc, from state reserves on Thursday to nonferrous fabricators.
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Caterpillar says costs erode margins even after price hikes
The world’s biggest producer of mining and construction machinery reported second-quarter earnings that topped analysts’ estimates.
POLL: Gold set for modest rally before easing in 2022
Gold prices will average a little above their current level of $1,830 an ounce for the remainder of 2021 before edging lower next year, a Reuters poll showed.
IEA’s roadmap shows difficult journey to net zero: Kemp
In the short term, emissions are on a rising trend, notwithstanding a temporary decline during the covid-19 pandemic, putting the world a long way off track to reach zero emissions by 2050.
Glencore ups expectations for FY trading, lowers nickel, coal
Coal production fell 16% to 48.7 million tonnes in the first half, partly because of market-related cuts in Australia.
Russia mulls pegging tax on mining firms to global metals prices
Moscow has been trying to protect its defense and construction industries from further growth in raw materials costs as metals prices rise at a global level.
Zijin Mining reports 175% jump in first half profit
In the first half of the year, the gold and copper producer earned 6.6 billion yuan ($1.02 billion).
BHP to build solar farms at Nickel West
The project will help cut carbon emissions by 12% compared with 2020 levels at its Mt. Keith and Leinster nickel operations, where power is currently being generated through diesel and gas turbines.
Civil unrest in South Africa, covid-19 may push cobalt prices up — report
Fastmarkets’ third-quarter forecast is for cobalt prices to average $25 per lb.
