Aluminium premia spike on planned Russian export tax
Russia has proposed introducing an export duty on aluminum as part of new measures to curb creeping inflation, sending regional premia in crucial European markets soaring, a new analysis by…
Metals and Minerals Markets
Nordgold seeks listing in Moscow and London
Russian gold producer Nordgold is planning an initial public offering (IPO) of at least 25% of its existing shares in London, with a secondary listing in Moscow, as it seeks…
CME starts trading lithium futures to tap EV demand
Commodities exchange operator CME Group launched on Monday a futures contract for lithium, seeking to capitalize on growing demand for the key ingredient in the batteries that power electric vehicles…
Report looks at recycling battery metals to meet rising demand
A new report suggests that recycled metals could meet a significant part of the rising demand from electric vehicles (EVs), decreasing some of the need for new mine supply. The…
Congo launches state-owned cobalt miner
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the…
China continues dominance of rare earths markets to 2030, says Roskill
The single largest use of rare earths is in the manufacture of permanent magnets used in wind turbines, the drive train of hybrid and electric vehicles, and energy-efficient applications, and…
Copper supply expected to move into deficit in 2021, says StoneX.
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching US$4.12 per lb. on Feb. 22 –…
BHP’s outlook and record dividend fuel supercycle talk
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) reinforced talks of a new supercycle today by rewarding investors with a record US$5.1 billion first-half dividend and forecasting a “very constructive” outlook…
Premier unveils top-level team for i-80 Gold
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has picked the management team for new U.S.-focused gold miner i-80 Gold Corp., a company formed as part of the $612 million (US$478 million)…
Antofagasta’s Los Pelambres expansion to cost extra US$400 million
Chilean miner Antofagasta (LSE: ANTO) revealed today that the expansion project at its Los Pelambres operation in the home country would cost US$1.7 billion, up from the original US$1.3 billion, due…
SolGold CEO Nick Mather to retire after shareholder pressure
SolGold (TSX: SOLG; LSE: SOLG) announced that Nick Mather would step down as CEO after 13 years at the helm of the company. His resignation comes after Mather was handed…