Hindalco Industries to spend $7.2 billion on aluminum demand bet
The company owned by billionaire Kumar Mangalam Birla will invest the amount mainly across its businesses in India and North America.
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Biden’s battery metal push does nothing to ease mining permit bottleneck
It takes a about seven to 10 years to get a mine up and running in the US, compared to two to three years in neighboring Canada.
Zinc price to remain high in the near term on Russia-Ukraine conflict – report
Fitch Solutions revises 2022 zinc price to $3,500/t from $2,900/t expected previously.
Nickel price climbs in thin trading as investors weigh supply risks
Prices rose as much as 4.2% on the London Metal Exchange, with about 200 lots changing hands in the first hour of trading.
Biden poised to use Cold War powers to boost battery metals
The White House is set to add battery materials to the list of items covered by the 1950 Defense Production Act.
Skeena inks deals to acquire BC-based QuestEx and sell selected properties to Newmont
The transaction will add over 740 sqkm of land to Skeena’s holding, for a sevenfold increase.
Gold price up on doubts over Ukraine ceasefire
Bullion had dropped as much as 1.8% in the previous session after Russia pledged to cut down on military operations.
Sabina Gold completes $100 million bought deal
The bought deal is part of a comprehensive $520 million financing package for the Goose mine announced by the company in February.
Iron ore price extends rally on China post-lockdown demand expectations
Iron ore production in Asia to peak by 2025, Fitch says.