Deep contango in LME base metals signals weak nearby buying interest
Spot prices for copper and aluminum in London have moved to sharply deeper discounts to the three-month contract this week.
Latest Stories
Elliott steps in to back faltering Canadian copper miner after bankruptcy
Before Monday’s bankruptcy filing, Nevada Copper had attracted two bidders though it failed to close a deal with either one.
Freeport-McMoRan looking for ways to expand copper production, CEO says
The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.
Aclara pivots permitting strategy at rare earth project in Chile
The company has decided to "split" the project by submitting two separate EIAs that collectively cover the full life of the project.
Kamoa-Kakula is now world’s third-largest copper mining complex
Ivanhoe Mines has achieved first concentrate production at the Kamoa-Kakula operation’s Phase 3 concentrator.
Group Eleven shares leap on high-grade zinc-lead hits at Ballywire in Ireland
One hole returned 29.6 metres grading 4% zinc, 6.6% lead, 78 grams silver per tonne and 0.15% copper from 283.4 metres depth.
Anglo Asian nets $5 million prepayment from Trafigura for copper sale
Anglo's Azerbaijan-based subsidiary will receive $3 million immediately and a further $2 million upon resumption of flotation processing.
Indonesia considers terminating permits for some nickel pig iron production
The world's biggest nickel producer is experiencing a rapid depletion of ore after a surge in downstream investment.
Iron ore price tumbles to 2-month low on concerns over weakening China demand
Iron ore supply has risen while demand has softened and showed little room for improvement, Sinosteel Futures said.
