Nexa Resources halts Peruvian zinc mine due to blockade
Latin America-focused Nexa Resources (NYSE: NEXA) has halted its Atacocha San Gerardo open pit zinc mine in Peru due to a road blockade by a local community. The zinc producer, controlled by…
Glencore
Wyloo Metals invests A$150M in rare earths developer to fund stake in Neo Performance Materials
Four months after closing the acquisition of Canada’s Noront Resources and its Eagle’s Nest project in Ontario’s Ring of Fire, one of the world’s largest undeveloped high-grade nickel sulphide deposits,…
Glencore to invest $500M to address arsenic emissions at Horne smelter
Glencore plans to invest more than $500 million in its Horne smelter located in Rouyn-Noranda, Que., with the aim of improving air quality to reduce its arsenic emissions to 15 ng/m3 within…
Wheaton Precious cancels Glencore-Yauliyacu silver stream
At least one analyst has trimmed their target price forecast for Wheaton Precious Metals (TSX: WPM; NYSE: WPM) equity after the miner announced it has agreed to terminate its silver…
Glencore trading profit poised for best-ever year
Glencore (LON: GLEN) said on Friday that the first-half year profit from its commodities trading unit is on track to achieve its annual earnings target in the first six months…
Multi-stakeholder collaboration needed to rise to meet the battery metal boom
For investors and companies involved in the extraction industries, it has been impossible to ignore the meteoric rise of battery materials in recent years. Over the course of 2021, cobalt…
GMS: Quebec ready to partner with critical mineral explorers and developers
Backed by its recent actions in the critical minerals space, the Quebec government laid out a strong case for why mineral exploration and mining development in the francophone province is…
Glencore suspends production at Raglan mine in Nunavik after workers strike
Production at Glencore’s (LSE: GLEN) Raglan nickel mine at Nunavik has been suspended as hundreds of unionized workers went on strike for the first time in 25 years on the…
Glencore seeks provincial mediation after Raglan workers vote for strike action
Nunavik-based Raglan mine, owned by Glencore (LSE: GLEN), has asked Quebec’s Ministry of Labour, Employment and Social Solidarity to appoint an independent mediator to facilitate discussions with the mine’s union…
Higher prices do not incentivize more production: BofA report
Higher commodity prices are not high enough to incentivize new production to come online, as slowing demand from China weighs heavy, especially on copper. Bank of America recently hosted its…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
Glencore to invest US$200M in battery recycling firm Li-Cycle
Glencore (LSE: GLEN) has inked a deal with Toronto-based Li-Cycle Holdings (NYSE: LICY) to supply the company with all types of manufacturing scrap and end-of-life lithium-ion batteries. The company…