Risk-on rally pushes copper price towards a 3% weekly gain
Data showed that euro zone industrial production grew three times more than expected in June.
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Battery giants, Hyundai concerned by US moves on China supplies
South Korean battery makers imported more than 80% of the key minerals from China in 2020.
A $700 billion fund is under pressure over plans to curb coal
South Korea’s National Pension Service faces criticism over potentially weaker-than-expected plans to curb investments in coal.
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.
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More than 2,000 mining permits for various minerals have been revoked.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.