April 2, 2024 US Steel union rejects Nippon Steel’s appeal for takeover support In December, Nippon agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle to approval amid bipartisan opposition in a US election year.
April 2, 2024 Korea Zinc agrees 40% fee cut to turn Teck’s mined zinc into metal Teck has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal.
April 2, 2024 Senators raise concerns over Nippon Steel’s China ties amid US Steel takeover bid Democrat Sherrod Brown has urged President Biden to investigate Nippon Steel’s business dealings in China, according to the Financial Times.
April 2, 2024 Hyundai Motor ends Indonesia aluminum deal after climate campaign by K-pop fans The South Korean automaker signed a memorandum of understanding with Adaro Minerals in 2022.
April 1, 2024 Indonesian coal miner Harum Energy buys stake in nickel plant The miner acquired 51% of PT Blue Sparking Energy by converting part of a loan to the company into equity.
April 1, 2024 Vale Indonesia targets 2024 output of about 70,800 metric tons nickel in matte Meanwhile, it is still awaiting a new special mining permit for its operations beyond 2025.
April 1, 2024 Mitsubishi Materials sees H1 copper output up 1.8% y/y The Japanese copper smelter said it planned to produce 224,094 tonnes of refined copper in the first half.
April 1, 2024 Mitsui Mining sees H1 zinc output rising 0.9% y/y The Japanese company plans to produce 104,600 tonnes of refined zinc in the first half.
March 31, 2024 Nippon Steel emphasizes its ‘deep roots’ in the US as it pursues US Steel deal The Japanese firm has agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle for approval in a US election year.
March 29, 2024 CHARTS: Copper price bulls bring back $10,000 forecasts While plummeting spot TC/RCs – from $90+ to $3 – are behind the (already fizzling) rally, copper’s long term supply problems are also firmly back in focus.
Rio, Fortescue change benchmark used for China iron ore pricing Both Rio and Fortescue will stop using S&P Global Energy Platts Iron Ore Index — the industry’s seaborne benchmark — for term contracts. December 30, 2025 | 09:18 am
