October 10, 2023

Citi’s mega metals trade shows global markets turning to glut

In the last few months, Citi requested delivery of about 100,000 tons of aluminum and 40,000 tons of zinc — worth over $300 million.

October 10, 2023

Some EU states baulking at streamlined mine permitting, says commissioner

Under the draft CRMA, strategic mine projects would have to get permits within 24 months.

October 10, 2023

All miners evacuated after fire at Evraz-owned mine in Russia

Russia's coal-rich Kemerovo region is no stranger to mining disasters.

October 9, 2023

Swedish industrialists explore $6 billion green steel project in Canada

H2 Green Steel is in talks with governments in Canada to build a factory in northern Quebec, as the young firm tries to deliver on a promise — steel produced…

October 9, 2023

LME looking at fee structure to address cheaper OTC trading

The LME has said that the market would benefit from more trading migrating to its electronic platform.

October 9, 2023

Copper is top bet for base metals in 2024 at LME seminar

Copper got 53% of votes in an informal poll at the LME Seminar.

October 9, 2023

Codelco 2024 copper premium offer matches 2023’s record $234/t for European customers

Russia was previously a major supplier of copper to the European Union.

October 7, 2023

UK risks losing out to Europe in hydrogen energy race

In 2021, the UK set out a bold ambition to become a ‘global leader in hydrogen’ by 2030 but lack of clarity on subsidies is delaying project approval.

October 7, 2023

LME seeks to move on from nickel crisis as traders return

It’s been 19 months since Matthew Chamberlain responded to a runaway short squeeze by suspending the world’s benchmark nickel market and cancelling $12 billion of trades.

October 6, 2023

Copper Study Group expects big supply surplus in 2024

Production is forecast to exceed usage by 467,000 metric tons in 2024, a significant upward revision from the expected 297,000 metric ton surplus from April.