Cobalt price has fallen nearly 30% this year
Goldman Sachs is forecasting softness for battery metals including cobalt, lithium and nickel in the second half of 2023 amid an oversupply.
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Iron ore price falls nearly 4% after Goldman’s China property warning
The investment bank said in a note that it sees persistent problems in Chinese real estate.
Chilean companies expected to moderate growth plans, Fitch says
The administration of President Gabriel Boric recently pushed through increases in mining taxes and the minimum wage as well as a reduction in the workweek.
LKAB raises deposit estimate at Europe’s biggest rare earth find
The European Commission wants to speed up the development of new mines like Per Geijer to end its dependence.
Rio Tinto, China’s Baowu seek to use low-grade ores for cleaner steel
Steel production generates up to 9% of global emissions.
Rio Tinto to invest $1.1 billion to expand aluminum smelter in Canada
Construction will run over two-and-a-half years.
How much selenium, arsenic escapes ash from coal-fired power plants still TBD
The amount of toxic selenium and arsenic able to escape from coal ash depends largely on their nanoscale structures.
Glencore, carmakers lead $1bn acquisition of Appian nickel-copper mines in Brazil
Deal includes the gold royalty on Mineração Vale Verde, which will be sold to ACG for $65 million in cash.
Glencore bids for Teck Resources’ coal unit
The Swiss miner and commodities giant is willing to buy Teck's steelmaking coal business as alternative to a full merger.