December 19, 2024

Indonesia weighs deep cuts to nickel mining to boost prices

Indonesia is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal.

December 18, 2024

Nippon Steel, Sojitz to take 49% stake in Champion Iron’s project in Canada

The Kami project will also receive up to A$490 million in contributions from Nippon and Sojitz.

December 18, 2024

PetroChina to start metals trading, eyeing energy transition

In addition to lithium and copper, the new PetroChina unit may also look to trade nickel.

December 18, 2024

Coal demand to keep hitting records through 2027, IEA says

The latest forecast from the IEA sees demand for coal rising to nearly 8.9 billion tons by 2027, about 1% higher than 2024 levels.

December 18, 2024

Glencore in talks to sell Philippine copper smelting unit

Due to its location, the business — Pasar — has long been a key trading asset for Glencore.

December 18, 2024

Idemitsu to take majority stake in Australian vanadium developer Vecco

Vecco is developing the Debella project in Queensland, focusing on a vanadium mine and an electrolyte plant for vanadium flow batteries.

December 18, 2024

India’s record gold import said to be due to calculation error

Officials double-counted gold shipments in warehouses following a change in methodology in July, Bloomberg sources say.

December 18, 2024

Abaxx to launch nickel sulphate contract on January 10

The nickel sulphate contract will be priced in dollars and physically deliverable in Singapore.

December 17, 2024

Uranium spot prices to climb in ‘staircase’ pattern, Sprott forecasts

Uranium has been buoyed by growing global support for nuclear energy, with more countries pledging to triple nuclear capacity by 2050.

December 15, 2024

US foreign investment panel split on Nippon-US Steel deal

CFIUS has until Dec. 22 to make a decision on whether to approve, block or extend the timeline for the deal's review.