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.

March 28, 2024

Adani kicks off $1.2 billion Indian copper smelter

The plant will be the world’s largest single-location custom smelter for the industrial metal.