Glencore, Tohoku Electric set coal contract price at $109.77/T
The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
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Hydro shutdown pushes up shares of South 32, Alumina Ltd
Hydro plans to halt production and lay off 4,700 people at Alunorte, which has been operating at half capacity since March due to an environmental dispute.
Global trader Concord takes minority stake in Noranda alumina parent
The stake comes as New Day Aluminium Holdings LLC completes a $110 million refinancing and as it readies two major expansion projects in Louisiana.
Canadian M&A surges in Q3 as mining, real estate deals rebound
Quarterly deal volume was up 91% to $75.7 billion from $39.6 billion in the same period last year, bucking a global trend of declines in Europe and Asia.
China’s Ganfeng Lithium prices HK listing at bottom of range
The weak pricing comes at a time when an oversupply of lithium has pushed down prices even as demand for the metal is expected to increase.
BHP sees major copper demand boost from China’s widening belt and road
BHP has analysed the impact of China's Belt and Road Initiative (BRI), a network of overseas construction projects, on commodity demand.
Chile weighs arbitration with top lithium producer Albemarle
The contract requires Albemarle to offer as much as 25 percent of its annual production capacity at a discounted rate to companies within Chile.
Congo miners buying cobalt from artisanal operators to balance market
Experts say that, when done correctly, artisanal mining can be an ethical source of low-cost, high-grade cobalt and a key mechanism in keeping the market balanced during times of supply shortage.
Vale to approve $1B expansion of Salobo copper mine in Brazil — report
The project, known as the Salobo 3, is expected to add about 50,000 tonnes to the open-pit mine’s current capacity of 200,000 tonnes of copper per year
