China’s demand for metals has wavered as inventories pile up
Copper held in warehouses tracked by the Shanghai Futures Exchange surged 28% last week and have more than quadrupled this year.
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China signals coal reliance to continue with three new mines
China’s top planning agency approved three different billion-dollar coal mine projects on Monday.
China plans state-backed platform to buy iron ore
Beijing wants all purchases of the steelmaking material conducted through a single state-backed platform that’s under preparation, according to Bloomberg sources.
Amplats sees ‘softening’ PGM prices after record payout
Amplats said the rand price of its platinum group metals basket had increased by 22%, while sales volumes were up 82% for the year.
Mercedes-Benz foresees EV-only production lines within a few years
It expects to have factories producing exclusively electric vehicles by the second half of the decade.
Traders explore FX havens as rising rates dent case for bonds
Gold has long been a go-to place of safety, but it’s far from a perfect hedge.
IGO wins auction for Glencore CSA Australia mine
Glencore Plc’s CSA copper mine in western New South Wales is expected to be worth $718 million.
Congo nears deal with Israeli billionaire to recover assets
The DRC is in negotiations with Dan Gertler’s Fleurette Group, which controls mining and oil permits throughout the Central African country.
New project to investigate if California’s Lithium Valley is world’s largest brine source of lithium
A $1.2 million project has been launched to both quantify and characterize the lithium resource in the Salton Sea geothermal field in California.
