Myanmar
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Mining
Not-so-rare earths: Sufficient supply weighs on costs of crucial minerals group
Weak demand for rare earths integrated with ample supplies are weighing on rates of the group of 17 minerals utilized in technologies from lasers to EVs, with little nearterm catalyst in sight, industry participants stated. Exports of unusual earths from China, the dominant producer, climbed 7.5% year-on-year in the first seven months of 2024, however rates still fell during that period and are hovering near their least expensive in more than 3 years. We have recently gotten a lot of deals, asking us whether we need cargoes, which makes me feel it's hard for them to discover buyers now, stated
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Mining
Tin rallies: inventories drop after one party takes a big position
The London Metal Exchange (LME), which is a global exchange, saw tin prices and spreads extend their gains sharply on Thursday. This was due to a large position being taken by one party and concerns about supply. The LME benchmark price of tin is the biggest gainer this year on the exchange, with a 31% increase compared to copper's 13%, as traders have flooded the market. LME Tin advanced 4.2% on Thursday to $34,160 per metric ton, its highest level since June 2022. This is speculating on fundamentals. "I would rule out either a consumer or physical player," said an