Chinese miners eye overseas deals after battery metals slump

Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them lower. Now, with many Western rivals cutting output or shutting down entirely, they want to get even bigger.

US bill supporting seafloor mining lifts The Metals Company

The Metals Company (Nasdaq: TMC) shares soared on Wednesday after Congresswoman Carol Miller (R-WV) and Congressman John Joyce (R-PA) introduced a Bill to increase US support for deep-sea mining.

Precious metals may be replaced by iron, manganese, cobalt in “green” catalysts

A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug precursors using catalysts made of iron, manganese and cobalt.

Polymetal shareholders approve sale of Russian assets

Shareholders of precious metals producer Polymetal International approved the sale of its Russian assets to a Siberian gold miner, the company said on Thursday.

LME partner Metalshub plans for ‘green’ nickel price

The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel.

Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen

Sibanye Stillwater on Tuesday reported a $2 billion annual loss and scrapped its final dividend, hurt by a slump in platinum group metal (PGM) prices that is forcing South African mining companies to restructure and cut jobs.

BlackRock reduces stake in Polymetal International

US investment firm BlackRock has reduced its stake in precious metals producer Polymetal International to 7.45% from 9.91%, the gold and silver miner said on Friday.

Adriatic Metals produces first concentrate at Bosnian silver mine

British-based Adriatic Metals has produced the first concentrate at its Vares silver project in central Bosnia, the company said on Wednesday.

Scientists develop non-flammable electrolyte for lithium-metal batteries

Using computational science, researchers at the Korea Institute of Science and Technology (KIST) and the US Lawrence Livermore National Laboratory have developed a fluorine-substituted high-voltage stable chloride-based solid-state electrolyte.

Iron ore boom of the 2000s repeating – this time with critical metals

A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.”

Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse

Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) flagged on Wednesday a 47.5 billion rand ($2.58 billion) impairment on its upcoming 2023 results due to falling prices for the main metals it mines, including palladium, platinum and nickel.

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and protect against supply shocks.

Polymetal to drop out of top 10 gold miners on Russia sale

Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine.

US to commit more funds to African rail link for metal exports

The United States will provide more funds for the construction of the Lobito Corridor, a rail link to export metals from Central Africa’s Copperbelt, including a link for Zambia, US energy envoy Amos Hochstein said.

Pressure groups sue LME for allowing trade of ‘polluting’ Indonesian metal

Two pressure groups have filed a legal action against the London Metal Exchange (LME) for allowing the sale on its platform of metal produced in Indonesia that they allege is polluting local rivers used by indigenous communities, they said on Thursday.

Nickel price extends slump on Indonesian glut as metals hit by Fed

Nickel extended a year-long slump as rising Indonesian supplies help create a glut, while other base metals declined on reduced bets that the Federal Reserve will cut interest rates next month.

Metals sanctions are dividing the biggest traders and banks

The latest UK sanctions on Russia are creating new faultlines across the global metals world, in the latest example of how the fallout from the war in Ukraine continues to ripple through commodity markets while creating opportunities for those willing to navigate the restrictions.

Base metals drop as investors weigh Fed path, China consumption

Base metals declined after the Federal Reserve pushed back on interest-rate cut expectations and as investors weighed the demand outlook in top consumer China before the Lunar New Year holiday this month.

Grupo Mexico profit down 19% on sliding metal prices

Mining and transport conglomerate Grupo Mexico on Friday reported that its net profit for the last three months of 2023 fell 19% from a year earlier to $757.4 million, dragged down by lower prices for key metals including copper.

Western miners lag as oil powers enter race for Africa’s critical metals

Risk aversion is likely to leave major Western miners lagging in a race to tap Africa’s reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China’s years of investment on the continent.

Battery metal bust spurs output cut at leading lithium project

Australia’s biggest lithium mine has become the latest battery-metals venture to feel the pain from faltering demand growth, with output set to be trimmed as prices sink.

Battery metal bust spurs output cut at leading lithium project

Australia’s biggest lithium mine has become the latest battery-metals venture to feel the pain from faltering demand growth, with output set to be trimmed as prices sink.

Aluminum price jumps after report EU may sanction Russian metal

Aluminum rallied in London after Politico reported that the European Union is considering sanctions on Russian aluminum ahead of the second anniversary of the invasion of Ukraine.

Lithium junior Kali Metals soars on ASX debut

Mining News Pro - Shares in lithium explorer Kali Metals (ASX: KM1) jumped as much as 86% on its first day of trading on the Australian Stock Exchange, following an initial public offering in November that opened and closed in under 30 minutes.

Fatal blast in Indonesia puts battery metal ambitions in spotlight ahead of presidential vote

Mining News Pro - Some 200 million Indonesians will vote for a new leader next month. The three campaigns still in the running have all backed the government’s policy on so-called downstreaming. But the Morowali disaster has thrown up criticisms of the price paid.

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