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Asia

North America

Mineral Resources

Electric dreams become a problem for battery metals: Andy Home

It's been a ruthless year to be in the battery metals service. Costs of lithium, nickel and cobalt collapsed in 2023 and have continued grinding steadily lower over the course of 2024. A sector that was as soon as racing to build new supply has actually been closing mines and delaying jobs as low prices bite into the expense curve. The roadway to an electrical future has ended up being much bumpier than anticipated with need from the critical electric vehicle (EV) sector not measuring up to expectations. This is also a story of enormous oversupply with excessive new capability...

Mineral Resources

Gold set for weekly loss after Fed signals slower policy easing

Gold prices acquired on Friday as the dollar pulled back from highs ahead of the U.S. Personal Usage Expenditure information due later in the day, although Federal Reserve's hawkish interest rate outlook set bullion on track for a weekly loss. Spot gold was up 0.5% at $2,605.41 per ounce, since 0941 GMT and U.S. gold futures pushed 0.4% higher to $ 2,619.40. Bullion has fallen about 1.6% this week up until now, after the U.S. central bank on Wednesday predicted two 25-bps rate cuts by completion of 2025, which is half a percentage point less in policy alleviating than officials...

Mineral Resources

Panama president sees no environmental threat from copper at closed First Quantum mine

More than 100,000 metric lots of copper concentrate stuck at the closed First Quantum mine in Panama do not currently position an ecological danger, Panamanian President Jose Raul Mulino stated on Thursday. The mine, one of the world's top sources of copper, was shut down in November after Panama's Supreme Court declared Canadian First Quantum's agreement with the country unconstitutional, a. move that followed environmental demonstrations. Since then, commodities markets have been seeing to see. what choice Panama's government handles whether it will allow. the export of the 130,000 tons of copper concentrate left behind. after the mine's closure. Mulino...

Mining

Panama president sees no environmental risk from copper at closed First Quantum mine

More than 100,000 metric tons of copper stuck at the closed Very first Quantum mine in Panama do not currently position an environmental risk, Panama's. president Jose Raul Mulino said on Thursday. The mine, among the world's top sources of copper, was shut. down in November after Panama's Supreme Court declared Canadian. First Quantum's contract with the nation unconstitutional, a. move that followed environmental demonstrations. Since then, commodities markets have been seeing to see. what choice Panama's federal government handles whether it will enable. the export of the 130,000 lots of copper concentrate left behind. after the mine's closure. Mulino...

Mineral Resources

Gold removes gains after United States data cements Fed's hawkish stance

Gold costs traded around flat on Thursday, eliminating earlier gains after U.S. information strengthened market expectations the Federal Reserve will take a careful technique to policy easing in the year ahead. Spot gold edged up 0.1% at $2,589.43 per ounce as of 10:30 a.m. ET (1149 GMT) and U.S. gold futures fell 1.9% to $2,603.60. Data previously revealed the U.S. economy growing quicker than anticipated in the 3rd quarter, while out of work claims likewise fell more than prepared for. With these GDP prints and the unemployed claims, it's showing that the data is fairly firm, stated Bart Melek, head...

Mining

Canada clears Paladin's $789 million Fission Uranium takeover

Australia's Paladin Energy has actually gotten the last green light it required from Canadian authorities to purchase Fission Uranium in a C$ 1.14 billion ($ 789.1 million) deal that cements is position as a major global manufacturer, it stated on Thursday. Paladin got the clearance under the Financial investment Canada Act on Wednesday and stated the offer under which it would acquire Fission's innovative PLS task in Saskatchewan was anticipated to be finished by early January 2025. The clearance comes as rates for the nuclear fuel rise on expectations of a need spike as the energy transition unfolds. Shares fell...

Mining

Australian graphite companies petition US on supposed China dumping

Australia's Novonix Ltd stated on Thursday it had actually signed up with a petition urging U.S. authorities to examine China's alleged dumping of batterygrade graphite at unfair costs, possibly harming domestic manufacturers. The battery metals and technology business has actually joined the American Active Anode Material Producers (AAAMP) in submitting the petition. The filing asserts China is hurting the nascent domestic graphite industry by exporting artificially low-cost battery-grade graphite into the U.S., denying North American producers a reasonable opportunity to get in the market, Novonix said in a declaration. North American graphite miners asked the U.S. federal government on Wednesday...

Mineral Resources

Regardless of revamped proposals, Nippon Steel deal on track to be obstructed, letter says

In spite of a constant stream of meetings and calls with U.S. authorities, and 3 revamped propositions to mitigate nationwide security concerns, Nippon Steel has actually stopped working to amass approval from a powerful panel reviewing its $14.9 billion quote for U.S. Steel, a letter seen programs. The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it. The Committee on Foreign Investment in the United States (CFIUS),. which examines deals for national security threats, has a Dec. 23. due date to authorize the offer, extend the evaluation, or advise....

Mineral Resources

Barrick Gold seeks arbitration over Mali cash cow dispute

Canadian miner Barrick Gold stated on Wednesday it had actually sent an arbitration demand to the International Centre for Settlement of Investment Disputes, to settle a dispute with Mali over its LouloGounkoto gold mine complex. Barrick, the world's secondlargest gold miner based on production, and the Mali junta have actually remained in dispute given that 2023 over an agreement for Barrick based upon the country's brand-new mining guidelines. The battle has resulted in a number of levels of escalation, including Mali providing an arrest warrant for Barrick CEO Mark Bristow this month. Barrick owns 80% of LouloGounkoto, with the Mali...

Mineral Resources

Tesla castigates German union over effort to oust works council head

Tesla implicated Germany's IG Metall union of attempting to sow discontent at the EV maker's gigafactory near Berlin by seeking to oust the head of the works council, in the current sign of the sour relationship in between the 2 sides. IG Metall, Germany's most effective union, stated previously it had filed a movement with a local court to get rid of the plant's. works council head - who is not a member of the union - from the. committee. The union cited infractions to German labour law restricting. IG Metall's influence and avoiding it from properly. representing employees' interests....

Environment

Thyssenkrupp Nucera prepared for any United States shift on green hydrogen

Thyssenkrupp Nucera , which makes electrolysers that are needed to produce lowcarbon hydrogen, stated on Tuesday it could rapidly shift resources in other places if U.S. policies under Presidentelect Donald Trump proved unfavorable for the sector. Clean-tech gamers have been concerned over what a Trump presidency might suggest for the market, fearing significant cuts to President Joe Biden's Inflation Decrease Act which is aimed at promoting everything from wind power to green hydrogen. Thyssenkrupp Nucera's shares were up 9.6% at 1054 GMT, reaching their greatest level given that Nov. 7, in part due to a. smaller-than-expected operating loss for 2023/24,...

Mineral Resources

NOPA November United States soybean crush dips to 193.185 million bushels

The U.S. soybean crush declined in November from an alltime high a month previously and disappointed the majority of trade quotes, according to National Oilseed Processors Association (NOPA) data launched on Monday. NOPA members, which account for about 95% of U.S.-processed soybeans, crushed 193.185 million bushels of the oilseed last month, below the average quote of 196.713 million bushels in a Reuters survey of 10 analysts. Crush price quotes for November ranged from 191.000 million to 207.000 million bushels, with a typical of 195.911 million bushels. The November crush was down 3.4% from a record October crush of 199.943 million...

Europe

Mineral Resources

Gold climbs up after soft United States inflation information; still set for weekly loss

Gold costs extended gains on Friday, supported by a softer dollar and Treasury yields after U.S. financial information showed a slowdown in inflation, although the Federal Reserve's hawkish rates of interest outlook kept bullion on track for a weekly loss. Spot gold was up 0.8% at $2,614.67 per ounce, since 9:42 a.m. ET (1442 GMT) and U.S. gold futures climbed up 1%. greater to $2,633.20. The dollar fell 0.4% from its two-year high, making. gold cheaper for overseas purchasers, while Treasury yields. edged down from an over six-month high. The report showed that monthly inflation slowed in November. after showing...

Mineral Resources

Weight-loss drug developers line up to tap market worth $150 billion

Novo Nordisk's Wegovy and Eli Lilly's Zepbound are up until now the leaders in the weightloss drug market, which is estimated to be worth about $ 150 billion by the early 2030s. There are also a number of other drug developers intending to join the bandwagon. The following is a list of publicly noted business targeting the next huge blockbuster chance: NOVO NORDISK Novo's closely-watched weight problems drug candidate CagriSema assisted overweight patients cut their weight by 22.7% in a. late-stage trial, but that was below its own expectations of up. to 25% reduction. The data compares to weight-loss of...

Mining

India steel imports from China hit record high, data programs

India's ended up steel imports from China reached an alltime high throughout the first eight months of the to March 2025, provisionary federal government data showed, adding to issues amongst domestic mills about low-cost shipments from China. Overall imports of ended up steel were at an eight-year high with India, the world's second-biggest crude steel producer, a. net importer during the period. India delivered in 6.5 million metric tons of finished steel,. a 26.6% boost year-on-year, the information showed. China sent 1.96 million metric lots of steel to India throughout. April-November, up 22.8% year-on-year, the data revealed. Beijing primarily exported...

Western Europe

East Asia

Mining

Copper set for weekly fall on strong dollar, issues about need prospects

Copper costs stayed close to a fiveweek low on Friday and were on track for a 2nd successive weekly decrease, under pressure from a strong dollar and concerns about demand prospects. Three-month copper on the London Metal Exchange (LME) was consistent at $8,884.50 per metric load by 1121 GMT. The metal, utilized in power and building, is down 20% since May when financiers' speculative bets drove the cost to a record high of $11,104.5. The focus towards the end of 2024 turned to a robust U.S. currency - which makes dollar-priced metals more costly for other currency holders, expectations of...

Mineral Resources

After Northvolt, Europe's battery hopes rely heavily on China

Northvolt's. monetary collapse has actually not totally crushed Europe's dream of. establishing its own electric car batteries but satisfying it. is likely to require Chinese cash and knowledge. InoBat CEO Marian Bocek's Slovakian start-up had to work. hard to secure financing till China's fifth-largest battery maker. Gotion bought a 25% stake last year and formed a. joint endeavor with InoBat to construct European gigafactories. On Friday, InoBat revealed 100 million euros ($ 104 million). in Series C financing, taking its total raised to well over 400. million euros. Coming simply weeks after Northvolt's failure, the investment. shows European EV battery...

Mineral Resources

Iron ore posts weekly loss as seasonally weak need weighs

Iron ore futures costs fell for a 4th straight session on Friday and were set for a. weekly loss, pushed by the seasonally slowing need in top. customer China as well as issues over demand potential customers in. 2025. The most-traded May iron ore agreement on China's Dalian. Commodity Exchange (DCE) ended daytime trade 0.77%. lower at 769 yuan ($ 105.38) a metric load. It fell 3.7% for the. week. The benchmark January iron ore on the Singapore. Exchange lost 1.24% to $100.55 a heap, as of 0700 GMT, the lowest. level given that Nov. 25, approaching the crucial mental...

Coal

China's coal imports from Australia increase to greatest level because April 2020

China's coal imports from Australia rose to their greatest in more than 4 years in November, custom-mades information revealed on Friday, as deliveries continue to recuperate from an unofficial ban on Australian coal that was lifted in January 2023. Australian coal imports were 9.3 million metric heaps in November, according to the General Administration of Customs, the highest because April 2020 and up 47% from the exact same month of 2023. Year to date, at 74.15 million tons, 2024 coal imports from Australia have actually currently exceeded last year's 52.47 million lots and are on track to top the 77.51...

Mineral Resources

Iron ore heads for weekly loss as seasonally weak demand weighs

Iron ore futures rates were rangebound on Friday but were set for a weekly loss, pressured by the seasonally slowing need in leading customer China too as concerns over need prospects in 2025. The most-traded May iron ore agreement on China's Dalian Commodity Exchange (DCE) ended early morning trade 0.06%. greater at 775.5 yuan ($ 106.25) a metric ton, posturing a weekly. drop of 2.9% so far. The benchmark January iron ore on the Singapore. Exchange lost 0.5% to $101.3 a heap, since 0452 GMT. It has. fallen 2.5% up until now today. The ongoing decline in hot metal output,...

Mining

Many base metals increase, but firmer dollar keeps prices in tight range

Costs of a lot of base metals edged up on Friday on positive economic indications from the U.S., but a stronger dollar and hawkish Federal Reserve rate outlook capped additional gains, keeping the rates in a narrow variety. Recently, fewer-than-expected Americans filed brand-new applications for jobless benefits, data revealed on Thursday. On the other hand, the U.S. economy grew at a 3.1% annualized speed in the 3rd quarter ended Sept. 30, exceeding the 2.8%. quote, driven by robust customer costs. Nevertheless, a stronger dollar makes it more costly for other. currency holders to purchase greenback-priced products, thus. capping the increase...

Mineral Resources

U.S. Steel projections fourth-quarter surprise loss, shares fall

United States Steel on Thursday forecast a surprise loss for the fourth quarter, sending its shares down nearly 5% in aftermarket trading. The company anticipates an adjusted loss of between 29 cents and 25 cents for the quarter, compared to analysts' average quote of a profit of 16 cents, according to information compiled by LSEG. U.S. Steel forecasted its fourth-quarter adjusted core revenue to be about $150 million, which is listed below its previous forecast of $ 225 million to $275 million. Steel rates stayed depressed and expenses associated with the ramp up of its Big River 2 (BR2) facility...

Mineral Resources

Fuji Soft founding family affirms assistance for Bain's $2 bln hostile takeover bid

The founding household of Japanese IT firm Fuji Soft on Wednesday repeated its assistance for a takeover quote by private equity firm Bain Capital that is opposed by Fuji Soft's board, it stated in a declaration jointly launched with Bain. Amid a bidding war with rival personal equity giant KKR , Bain last week offered 9,600 yen per share, 1.6% more than KKR's 9,451 yen quote, and on Wednesday went hostile after Fuji Soft's board rejected the greater offer and supported KKR's. Fuji Soft creator Hiroshi Nozawa signed up with Bain in questioning the self-reliance of the special committee established...

Mining

Regardless of revamped propositions, Nippon Steel deal on track to be obstructed, letter says

In spite of a steady stream of conferences and calls with U.S. authorities, and three revamped proposals to relieve nationwide security concerns, Nippon Steel has failed to amass approval from an effective panel examining its $14.9 billion bid for U.S. Steel, a letter seen shows. The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has actually long opposed the deal, to block it. The Committee on Foreign Financial Investment in the United States (CFIUS),. which examines deals for nationwide security threats, has a Dec. 23. deadline to authorize the deal, extend the review, or advise. Biden...

Mining

India's gold imports to plunge in December after record November

India's gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding costs trigger purchasers to postpone purchases, trade and federal government authorities said. Lower imports by India, the world's second-biggest consumer of the rare-earth element, could top a rally in global prices that struck a record high in October. The drop in imports could also assist India narrow its trade deficit and support the ailing rupee. Last month, imports shot up thanks to strong demand for financial investment and jewellery, Prithviraj Kothari, president of the...

Mining

Aluminium prices fall, under pressure from China's rising output

Aluminium prices in London fell on Monday, under pressure from increasing output in China and challenges to the nation's economy and consumption as Beijing braces for more U.S. trade tariffs under a second Donald Trump administration. Three-month aluminium on the London Metal Exchange (LME). was down 0.7% at $2,585.50 by 1122 GMT. Aluminium output in China, the world's most significant producer of. the metal, increased 3.6% from a year earlier in November, while the. country's industrial output grew ahead of expectations. Many will argue that the momentum seen in production,. where commercial output rose 5.4%, was the result of front....

Mineral Resources

Marubeni anticipates Japanese aluminium premiums to stay above $200 a heap in 2025

The premiums that Japanese buyers spend for aluminium are most likely to stay above $200 a. metric load in 2025 due to tightening up supply in Asia, trading. home Marubeni Corp stated on Tuesday. Japan is a significant aluminium importer in Asia and the premiums. for main metal shipments it agrees to pay each quarter over. the London Metal Exchange cash rate set the criteria for the. area. Japanese premiums have actually increased to $175 a heap this quarter, up. 1.7% from the prior three months, on supply concerns amid higher. premiums in Europe. In negotiations for January-March shipments, some...