May 25, 2023

Siemens Gamesa to cut reliance on China for rare earths, permanent magnets

Siemens Gamesa last month signed a deal with Australia's Arafura Rare Earths to procure 200 tonnes of materials a year.

May 25, 2023

BHP confident China property recovery will boost metals demand

Weaker-than-expected construction, particularly in the property sector, has pushed iron ore below $100 a tonne.

May 25, 2023

Congo to hike stake in copper, cobalt venture with China

The DRC aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%.

May 25, 2023

Tin prices rise on Myanmar supply worry

A detailed plan to suspend all mining activities in a region controlled by Myanmar's ethnic Wa militia force from August 1 was released earlier this month.

May 25, 2023

China’s state iron ore buyer gets down to business, yet to flex pricing power

Around 30 mills signed iron ore contracts though China Mineral Resources Group.

May 24, 2023

Iron ore price drops below $100 as worries over China demand grow

A weaker yuan added to the gloomy mood.

May 24, 2023

China fears send copper price below $8,000

Metal fell below $8,000 a tonne for the first time in six months as prospects for a quick rebound in China’s economy dim.

May 24, 2023

Nornickel now earns nearly half of its revenue in Asia

In the first three months of 2023, Asia accounted for 45% of the company’s revenue.

May 24, 2023

Commodity bull Goldman says ‘we were wrong’ but sticks to view

The investment bank says its forecasts for major rises in raw materials this year hadn’t panned out so far, but calls for a major rally.

May 23, 2023

Chinalco expects to start Peru copper mine expansion no later than end-June

Construction should start on its delayed $1.3 billion expansion project at the Toromocho copper mine in southern Peru in the next 30 days.