December 4, 2024

Mitsubishi Corp loses $90 million in suspected China metal fraud

The loss is the latest in a string of recent cases of alleged wrongdoing to hit a major commodity trading house.

December 4, 2024

Gold price inches up on political turmoil, US jobs data

Gold moved little on Tuesday after South Korean President Yoon Suk Yeol made a surprise declaration of martial law, before rescinding the decree just hours later.

December 3, 2024

Rio Tinto sells copper mine stake to Sumitomo for $399 million

Sumitomo is slated to acquire a 30% equity share of the Winu project in Australia.

December 3, 2024

Vale sees China steel production declining, other regions to grow

The company said it will adjust its distribution network to answer to the geographical changes on global steel production.

December 3, 2024

Trump reiterates opposition to Nippon Steel’s takeover of US Steel

Nippon Steel hopes to close the deal before Trump retakes the White House on January 20.

December 1, 2024

Global mineral exploration activity in October was highest in a year, S&P data shows

According to S&P, funds raised by junior and intermediate miners nearly quadrupled to $1.61 billion in October, the highest since March 2022.

November 29, 2024

Indonesia to review compliance in move that could affect mine output

Indonesia said it will check miners' compliance with environmental rules and "re-examine" production quotas for those found to be in breach.

November 29, 2024

Global aluminum producers seek Q1 Japan premiums of $230-$260

For the October-December quarter, Japanese buyers agreed to pay a premium of $175/t, up 1.7% from the prior quarter.

November 28, 2024

India, Mongolia in talks for preliminary mining pact

The pact will focus on transit of minerals such as coal and copper, Reuters sources say.

November 28, 2024

Ambatovy nickel project to complete debt restructuring in December, says Sumitomo

As of late October, the nickel and cobalt project was slowly resuming production.