Battle for aluminum stocks is draining LME of non-Russian metal
The trader that last month built up a dominant position in aluminum has begun taking delivery of some metal while rejecting supplies produced in Russia.
Latest Stories
Bunge is said to near deal to buy Glencore’s Viterra
Deal could create a giant capable of competing with the world’s biggest agricultural players.
Arizona Metals probes copper-gold deposit expansion at decades dormant Kay Mine
The company says drill results show the potential to expand the historical deposit in Arizona, which hasn’t been mined in almost 70 years.
Osino releases Twin Hills gold feasibility with AISC of $1,011/oz
The company released a positive feasibility study for Twin Hills gold project in Namibia’s Damara orogenic belt.
Barrick paves way for reintroducing the white rhino to national park in DRC
Barrick has introduced 15 white rhinos into Garamba National Park in the northeast of the DRC.
Cobalt price has fallen nearly 30% this year
Goldman Sachs is forecasting softness for battery metals including cobalt, lithium and nickel in the second half of 2023 amid an oversupply.
Iron ore price falls nearly 4% after Goldman’s China property warning
The investment bank said in a note that it sees persistent problems in Chinese real estate.
LKAB raises deposit estimate at Europe’s biggest rare earth find
The European Commission wants to speed up the development of new mines like Per Geijer to end its dependence.
Rio Tinto to invest $1.1 billion to expand aluminum smelter in Canada
Construction will run over two-and-a-half years.
