June 10, 2019

London Metal Exchange and Fastmarkets to set lithium price benchmark

The exchange will work Fastmarkets to provide the reference price lithium, a key component in the batteries that power electric vehicles and high-tech devices.

June 10, 2019

Swiss expert to start work on new standards for mining dam safety

The International Council on Mining and Metals (ICMM) has picked someone outside the industry to oversee an initiative aimed at setting new dam safety standards for miners.

June 7, 2019

Sweden eyes Peru’s lithium

According to Sweden's Deputy Minister of Foreign Trade and Promotion, the country has become lithium-thirsty due to an increase in demand for electric cars.

June 6, 2019

Russia’s Rusal says no plans for any projects in Venezuela

Russian aluminium producer Rusal does not plan to implement any projects in Venezuela.

June 6, 2019

Nyrstar suspends Port Pirie lead smelter, declares force majeure

The company stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace.

June 6, 2019

Britain went coal-free for 18 days

The UK's push to move away from coal-fired power plants has been taking place since 2015.

June 5, 2019

Bidders scramble to break up British Steel by June deadline

None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the whole company, even for a nominal sum.

June 4, 2019

Global economic growth downgraded to 2.6% in 2019 — World Bank

Global growth in 2019 has been downgraded 0.3 percentage point below previous forecasts, reflecting weaker-than expected international trade and investment at the start of the year, the World Bank says.  

June 4, 2019

Russian banks mull exporting more gold on central bank discount

The Bank of Russia made the change to its pricing policy this year, saying it would buy from dealers at a level slightly below the benchmark London gold price.

June 2, 2019

Finland’s new government plans spending spree, Iltalehti reports

The new government intends to look into establishing a mining tax and analyzing the possibility of taxing capital gains from the sale of mining rights.