Column: Scarcity changes the LME warehousing game
Scarcity in the physical supply chain has drained metal away from the exchange, hitting rental revenue for storage suppliers, writes Andy Home.
Latest Stories
Indonesia revokes thousands of mining permits covering over 3 million hectares
More than 2,000 mining permits for various minerals have been revoked.
Scientists figure out how to produce extraterrestrial cement
Researchers at the University of Delaware are exploring ways to use materials from the moon or Mars as the basis for extraterrestrial cement, which would be used for buildings, housing, or rocket landing pads.
Glencore cuts off Chinese trader caught up in missing copper scandal
Huludao Ruisheng's storage site in Qinhuangdao is reportedly holding about one-third of the 300,000 tonnes of copper concentrate it should have.
Stanmore Coal pays Mitsui $380m for full control of Queensland coal mines
Stanmore is buying the remaining 20% stake in the metallurgical coal venture BHP Mitsui Coal in Australia.
BHP, Pan Pacific Copper and Norsepower partner to reduce emissions on shipping routes
Aim is to reduce greenhouse gas emissions on routes between BHP’s mines in Chile and PPC’s smelters in Japan.
Prismo Metals prepares to drill-test at Palos Verdes gold project in Mexico
The company received an extension to its environmental permit in late July.
Adani plans $5.2 billion alumina mill in growing metal ambitions
The flagship company of the Adani Group got the approval to build the refinery and a captive power plant in Rayagada.
Sibanye Stillwater CEO says market conditions not ideal for gold M&A
Neal Froneman, who has urged gold miners to consolidate, said "the market is just not conducive at this stage to doing value-accretive transactions."
