Copper price takes another beating
Chinese manufacturing gauge drops to 14-month low.
Latest Stories
Tesla’s cobalt-light batteries seen providing cost advantage
Batteries made by the U.S. manufacturer and its Japanese partner, Panasonic Corp., require less cobalt, the metal whose price has shot up.
Alcoa braces for alumina strike vote in Western Australia
A vote by striking workers at Alcoa’s (AA.N) giant west Australian operations will close on Thursday, with the union anticipating a strong “no” vote.
Neo Lithium lining up partner for $490m Argentine venture
The project, which straddles salt flats and lakes across 135 square miles near the Chilean border, is billed as having high concentrations of lithium.
De Beers is selling diamonds for less and the industry isn’t happy
World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.
Construction starts at biggest undeveloped copper deposit in Russia
With total reserves of around 26.7 million tonnes of copper, Udokan is the largest undeveloped copper deposit in Russia and one of the biggest in the world.
Some warehouse firms want LME to change delivery rules, lengthen queues
Now, some warehouse firms are pushing the idea of replacing all rules with one that obliges warehouses to load out 1.5 percent of total stocks per day.
South Africa’s Sibanye launches $400m bond buyback
Sibanye said in a statement that it would fund the tender offer from existing cash resources.
Chaarat Gold ups Kyrgyz Republic project resource by 46 pct
The Central Asia-focused explorer and developer said Tulkubash’s measured and indicated resource is now over 1.4 million ounces of gold, while the grade also rose 57% to 1.35g/t gold.
