Brokers balk as nickel tycoon seeks to add to LME short position
Tsingshan is talking to brokers about starting to increase its position on the London Metal Exchange as a hedge for its own nickel output.
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Jokowi’s metals downstreaming push leads to record FDI surge
Foreign-direct investments into Indonesia surged by the most on record, driven by the metals industry.
China’s billion-dollar cash-for-copper trade grinds to a halt
The Chinese copper market is at its tightest in more than a decade as traders pay massive premiums for immediate supplies.
Copper buyers want longer-term deals on supply concerns, Codelco says
The Chilean state-owned company recently signed some contracts for three to five years with customers in Europe, in contrast to the more standard annual deals.
Copper price down as China’s yuan falls to lowest since 2008
Analysts at JPMorgan still expect prices to fall in the short term.
Pure Gold places Ontario mine on care and maintenance due to cash constraints, stock crashes
The company says the mine has yet to achieve consistent positive site-level cash flows.
Copper tech firm Jetti raises funds at $2.5 billion value
Jetti tapped existing investors as well as new backers at a valuation that’s about double its last raise.
Analysis: Biden’s EV minerals cash fruitless without permitting reform
President Joe Biden last week doled out $2.8-billion to miners developing new US sources of lithium, nickel, copper, and other EV minerals.
UK prosecutors implicate 11 Glencore employees in bribery probe
The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution.