Paying 10% dollar yield, obscure Vale bond is now talk of Brazil
The securities, of which the payout is based on Vale’s dollar revenue, has more than doubled in value over the past 12 months.
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Gold price bounces back, but set for another monthly loss
Gold is also on track for its worst quarterly performance since December 2016.
Vedanta plans to build a new $1.4bn copper plant
Company is scouting for locations to set up a new copper smelter in India as its plant in the southern state of Tamil Nadu has remained shuttered for close to three years.
Ok Tedi resumes operations after covid-19 shutdown
Ramp-up to full production is expected to take up to two weeks.
China aluminum prices to remain elevated amid Inner Mongolia curbs – Chalco
Consultancy CRU previously estimated a total of 100,000 tonnes of annual aluminum production may be cut as a result of the Inner Mongolia restrictions.
Ganfeng sees lithium rally extending as profits almost triple
Battery-grade lithium carbonate prices started to buck a three-year downturn in the second half of 2020 as electric vehicle demand roared back from the coronavirus outbreak.
EU imposes tariffs on Chinese aluminum producers
The European Union has imposed duties on aluminum products imported from China after an investigation showed that they were being sold at unfairly low prices.
Greenland to hold election watched closely by global mining industry
Greenland holds an election next week that could decide the fate of vast deposits of rare earth metals.
Vale sells New Caledonia nickel assets to Trafigura
Vale said it will have a supply contract with the Trafigura-led consortium to off-take part of the nickel produced there.
