Glencore and Trafigura’s sanctions games are draining the LME
The world’s two biggest metals traders plan to withdraw the metal to profit from a new multi-tiered system created by the sanctions.
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Albemarle amongst recipients of tax credits under Biden’s clean energy drive
Thirty five projects got a total of $1.93 billion in tax credits.
Spectacular copper price rally only gaining momentum
A double digit runup in copper just in April lifts the orange metal to within sight of $10,000/tonne as warnings prices are running ahead of fundamentals emerge.
Congo copper mine suspended amid radiation concerns
The La Compagnie Minière de Musonoie project, known as COMMUS, is held 72% by Zijin and 28% by Gecamines.
Gold’s remarkable breakout
This breakout rally is exceptional because gold’s usual drivers aren’t fueling it.
Viridis claims ‘world record’ in rare earth recovery at Colossus
The company stated that it has achieved the highest overall bulk ionic recoveries globally, with rates as high as 67%, in its Colossus project in Brazil.
GoviEx plunges as Niger uranium project faces junta deadline
There’s a risk the junta could revoke GoviEx’s mining permit, the company said on Friday.
UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive
The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in Konkola Copper Mines.
Codelco copper output affected by fatal accident, Chile minister says
After the death of a worker last month, the Radomiro Tomic open pit is still only operating with about one third of its trucking fleet.
