The London Metal Exchange’s open outcry trading floor may remain closed for many more months as it cannot be reopened under COVID-19 social distancing restrictions, the head of the exchange said.
LME CEO Matthew Chamberlain also told Reuters the excha…
Cacophony of voices on LME floor may not be heard for many months Read More »
Dalian iron-ore futures surged past $100/t on Thursday, recovering lost ground as concerns about tightening supply of the steelmaking commodity from coronavirus-hit Brazil prevailed over a bleak outlook for global steel demand. After Brazilian iron-ore…
Iron-ore ends higher as coronavirus crisis hampers Brazil supply Read More »
Disruptions caused by the coronavirus crisis have pushed up prices for sulphur by about 10% this year in the Democratic Republic of Congo, driving up costs of a vital ingredient for mining cobalt and copper in the African nation. Coronavirus lockdowns …
Sulphur squeeze spells trouble for Congo’s copper, cobalt miners Read More »
Zambia’s state mining investment company ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture with mining services firm Array Metals to process production from a gold deposit, the company said in a statement on Wednesday. Africa’s secon…
Zambia partners with Array Metals to process gold Read More »
Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a public health crisis that could damage their reputations.
From Australia’s outback to Canada’s…
Mining companies rush to shield indigenous communities from coronavirus Read More »
Brazil’s mining sector is likely to be the first to rebound from the economic shock of the coronavirus outbreak due to large iron-ore capacity and already-growing demand from China, the president of industry association Ibram told Reuters.
Nonetheless…
Brazil mining sector will quickly bounce back after Covid-19 disruption – Ibram Read More »
China’s Tianqi Lithium, one of the world’s biggest lithium producers, said on Monday its controlling shareholder planned to sell around a sixth of its holding, which could raise more than $200-million in much-needed cash.
Tianqi has admitted liquidity…
Tianqi Lithium parent to sell 6% stake in struggling Chinese firm Read More »
Ecuador will progressively restart mining activity this week after the government approved new security protocols for mineral transport and the return of workers to the mines amid the coronavirus pandemic, an official said over the weekend.
Mining act…
Ecuador to restart mining activity after pause due to pandemic Read More »
A Papua New Guinea court is set to rule next month on whether Barrick Gold can proceed with a legal challenge over the government’s refusal to extend its lease on the Porgera gold mine, the head of the country’s mining regulator said.
Papua New Guinea…
Papua New Guinea court to rule on Barrick mine challenge in June Read More »
Palladium jumped by the most since March amid renewed optimism about China’s economy reopening and planned stimulus for automakers, the biggest consumers of the metal.
Palladium held above $2 000/oz, after gaining 6.7% as of 2:06 p.m. in London. It ha…
Palladium jumps above $2 000 amid optimism over China reopening Read More »
