Iron ore price weakens amid waning China stimulus hopes, high portside stocks
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in China.
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AbraSilver gets $15m investment from Kinross, Argentina power provider
Proceeds will go towards the Diablillos project in Argentina, which recently advanced to the pre-feasibility stage.
New Found grows portfolio with Labrador Gold project buy
The company is acquiring Labrador Gold’s Kingsway asset located nearby its Queensway gold project in Newfoundland.
Nornickel cuts nickel production by 10% y/y in Q1
The company confirmed its 2024 production forecast, expecting nickel production to fall to 184,00-194,000 tons.
Copper price hones in on $10,000/t as supply angst continues
Copper climbed as much as 1.1% early Monday to reach $9,988 a ton.
Huayou cuts lithium production, costs on battery metals rout
The Chinese firm said its inventory levels for lithium products expanded by more than 3,900% last year.
Sandvik’s Q1 core profit falls more than expected
Operating profit before amortization and items affecting comparability was 5.28 billion crowns, versus 6.12 billion a year earlier.
Copper demand to boom as new technology drives power consumption, Trafigura says
It is estimated that one third of the 10 million tons of new demand would come from the electric vehicle sector.
Nornickel moves closer to biggest buyer with plan for copper plant in China
The Russian firm will close its Arctic copper plant and build one in China with an unnamed partner.
