Global nickel market in 11,900t surplus in May – INSG
That compares with a surplus of 18,800 metric tons in April 2023.
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Gold price climbs over 1% on falling bond yields
Prior to this, bullion has been consolidating around the $1,950 level as investors wait for a clearer outlook on the Federal Reserve’s monetary policy path.
Copper price falls as weak China growth worsens demand outlook
China's gross domestic product grew 0.8% in April-June from the previous quarter compared with a 2.2% expansion in Q1.
Fortescue hit by cyber attack that saw network data disclosed
The Australian iron ore miner said hack occurred on May 28 and noted data disclosed "was not confidential in nature".
It’s carmakers against miners in battle over China-funded metals
Automakers argue they need more leeway on the rules because it’s currently impossible to produce EV batteries without inputs that have at least some Chinese ownership, while US materials producers contend the domestic supply chain won’t succeed if China’s playing a role.
Epiroc upbeat on outlook after profit jump
Company sees continuing high demand in near term.
UAE delegation signs $1.9 billion mining partnership with Congo
The partnership will make it possible to set up more than four industrial mines, the president’s office said.
EU courts further controversy by adding mining to green rulebook
The move comes as the EU tries to re-shore clean technology from the US and China to meet its climate goals amid growing geopolitical tensions.
Polish court overturns decision to suspend permit for Turow mine
In June, a Warsaw court ruled the environmental permit for the mine should be suspended amid an ongoing court case around its impact.
