China stainless steel mogul fights to avoid a second collapse
Chinese metal tycoon Dai Guofang’s first steel empire was brought down by a government campaign to rein in market exuberance, tax evasion accusations and a spell behind bars. Two decades on, he’s once again fighting for survival.
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BHP posts second straight year of record iron ore production
BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in Western Australia.
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Vale sees iron ore output at high-end of 2024 guidance after Q2 rise
Brazilian miner Vale SA expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter.
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Nornickel to restart furnace at key smelter in early August
Russian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman told Reuters on Friday.
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Hedge fund Elliott challenges court verdict it lost against LME on nickel
US-based hedge fund Elliott Associates on Tuesday urged a London court to overturn a verdict supporting the London Metal Exchange’s (LME) cancellation of nickel trades partly because the exchange failed to disclose documents.
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Talon Metals grants additional royalty on Tamarack nickel-copper project
US critical minerals developer Talon Metals (TSX: TLO) has announced the sale of a net smelter return royalty to a subsidiary of Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) for consideration of $8 million.
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Eramet and Huayou explore EV nickel partnership in Indonesia
French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.
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Canada sets high bar for approving large M&A deals in critical minerals
Canada on Thursday put the mining industry on notice that any major deals targeting the country’s producers of critical minerals would only be approved under “the most exceptional circumstances”.
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LME volumes hit 10-year high in second quarter, led by nickel
Futures and options average daily volumes on the London Metal Exchange (LME) hit a 10-year peak in the second quarter, jumping 27% year on year, the exchange said on Thursday.
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LME plans to suspend nickel brand of Nornickel’s Finnish plant from Oct 3
The London Metal Exchange (LME) will suspend the listing of a nickel brand produced by a plant in Finland owned by Russian metals giant Nornickel, it said on Wednesday, without providing a reason for the suspension.
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Vale expects to regain Onca Puma and Sossego copper mine licences
Vale has reached a deal with the state of Para to have the operating licenses of its Onca Puma nickel mine and Sossego copper mine reinstated, the Brazilian miner said in a securities filing on Thursday.
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Global nickel prices have probably hit a floor, says Macquarie
Global nickel prices may have hit a floor, according to a Macquarie analyst who sees a market recovery driven by strong demand from the steel sector and as a surplus of ore supplies shrinks after Indonesia slowed production permits.
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Tsingshan plans another 50,000t nickel LME listing this year
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel cathode on the London Metal Exchange (LME) in the second half of 2024, a company official said on Wednesday.
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Tsingshan plans another 50,000t nickel LME listing this year
China’s Tsingshan, the world’s biggest nickel producer, is planning to register 50,000 metric tons capacity of nickel cathode on the London Metal Exchange (LME) in the second half of 2024, a company official said on Wednesday.
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South Korea, Kazakhstan sign minerals deals as Seoul moves to diversify supply chain
South Korea has struck deals with Kazakhstan to allow its firms to explore for critical minerals in the Central Asian state, it said on Wednesday, as the home to major chip producers and leading carmaker Hyundai moves to diversify its supply chains.
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Indonesia considers terminating permits for some nickel pig iron production
The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday.
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Indonesia issues annual nickel ore quota of 240mt for 3 years
Indonesia has issued an annual nickel ore output quota of around 240 million metric tons for the next three years, its Energy and Mineral Resources Minister Arifin Tasrif said on Friday.
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Trafigura settles billionaire Reuben brothers’ nickel fraud suit
Commodity trader Trafigura Group has settled a London lawsuit brought by the billionaire Reuben brothers after selling them a cargo of “nickel” that was part of a high-profile fraud.
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Anglo starts formal divestment of coal, nickel after rebuffing BHP
Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, chief executive Duncan Wanblad said on Thursday.
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Nornickel forecasts lower global nickel surplus, bigger palladium deficit
Russian mining and metals giant Nornickel on Thursday lowered its forecast for the global nickel surplus this year, but said it expected a bigger global palladium deficit.
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Nornickel forecasts lower global nickel surplus, bigger palladium deficit
Russian mining and metals giant Nornickel on Thursday lowered its forecast for the global nickel surplus this year, but said it expected a bigger global palladium deficit.
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Visit: 95
Vale moves closer to deal for Onca Puma nickel mine to resume operations
Vale and the Brazilian state of Para have moved closer to an agreement that could allow the mining group to resume operations at its Onca Puma nickel mine, according to the minutes of a meeting seen by Reuters on Tuesday.
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Anglo shareholder LGIM supports break-up plan as BHP circles
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer.
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Indonesia adds nickel parks worth nearly $40 billion to strategic plan
Indonesia’s outgoing government has added 16 programs to its list of strategic projects that will receive state support, including five industrial parks for nickel processing, officials said on Tuesday.
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Philippines eyes boost to nickel processing capacity
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream industry for its abundant nickel resources, after nations such as China and the United States expressed interest in the mining sector.
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