Iron ore price hits seven-week low on softening China steel demand, higher supply bets
Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week trough, pressured by faltering steel demand and expectations of higher shipments to top consumer China in June.
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EU, Australia sign critical minerals pact to diversify supply chains
Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of materials essential to high-tech and green manufacturing.
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Glencore, Rusal extend aluminum supply contract into 2025
Swiss-based trading house Glencore and aluminum producer Rusal have extended their long-term supply contract into next year after the amount traded so far has amounted to a fraction of the agreement’s maximum volumes, a source with direct knowledge said on Wednesday.
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Consistent supply of raw materials for Esfahan Steel Company is vital
Mining News Pro - Considering the production of rails, Isfahan Iron placed Iran in the 17th position of the rail producing country in the world.
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Visit: 53
Copper price above $10,000 as supply worries counter faltering demand
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.
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Copper price hones in on $10,000/t as supply angst continues
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal.
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Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Copper price near 15-month high as supply fears spur bullish calls
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on the market.
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Copper price hits fresh 14-month high on supply fears, China optimism
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter supply and hopes for a recovery in Chinese demand.
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Supply of 8.7 million tons of Mobarakeh steel products to the market
Mining News Pro - The CEO of Mobarakeh Steel announced that all the organization's goals were achieved in 1402 despite all the restrictions in the fields of electricity, gas and raw materials and said: If we consider the amount of product delivery to the domestic and export markets as the final performance of the company's ambitious employees, we must announce Since the beginning of 1402, 8.7 million tons of products have been transported to the target markets in the total domestic and export market, while fulfilling the planned goals, which has grown by 6% compared to last year.
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Canada Rare Earth sets up supply operations in the DRC
Canada Rare Earth Corp. (TSXV: LL) announced it has established rare earth supply operations in the Democratic Republic of Congo (DRC) through its wholly owned subsidiary Simba Essential Minerals.
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Khuzestan Steel is the leader in Iran's steel market supply
Mining News Pro - In the first 10 months of this year, Khuzestan Steel Company has been the largest supplier of steel ingots and takthal in the domestic market, with a significant gap compared to other steel manufacturers, and has the highest volume of intermediate steel transactions in the inner ring of the commodity exchange.
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Uranium developers say supply jolt is boosting new projects
Uranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the nuclear fuel jolted the market with output cuts.
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Hedge funds ramp up copper bets as supply shocks reverberate
A number of hedge fund managers are betting that copper stocks are significantly undervalued, as they position themselves for gains this year.
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Funds sell copper as weak demand trumps supply pressures
Funds are adopting an increasingly bearish stance in the copper market, preferring to focus on a globally weak demand picture rather than signs of supply-chain stress.
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Nickel price crash seen extending Indonesia’s grip on supply
A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.
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Uranium miners posed to extend gains on supply crunch
Uranium-mining stocks are poised to extend their red-hot run in 2024 as a supply crunch sends the price of the yellow metal even higher, according to Sprott, a commodities-focused investment manager.
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Korea battery makers eye Chile lithium investments to supply US
Lithium heavyweight Chile is drawing interest from South Korean battery makers keen to develop processing plants there, the head of a government agency said.
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China copper smelter margins squeezed by tight supply of raw material
Competition for mined copper supplies is expected to intensify, further eroding margins for Chinese firms that produce half the world’s refined copper, but significant output cuts that tighten the metal market are unlikely.
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Circular economy can greatly increase secondary supply of REE in next three decades
Mining News Pro - An international team of researchers has presented a novel integrated model that quantifies how circular economy strategies can reshape global supply chains of critical rare earth elements, such as neodymium, dysprosium and terbium.
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Visit: 114
Aluminum price climbs as Goldman sees larger supply deficit
Mining News Pro - Aluminum steadied, bucking a broader slide among industrial metals, with traders focusing on a likely shortfall in supply of the metal next year amid constraints on Chinese supply.
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European companies exploring ways to boost rare metal supply
Mining News Pro - European companies are exploring ways to replace the gallium and germanium supply put at risk by China’s export curbs after pressure from EU authorities, but the industry says incentives will be needed to make critical mineral production viable.
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Visit: 124
EU makes deal to boost domestic supply of key raw materials
Mining News Pro - The European Union reached a deal on measures to become more self-sufficient in the key raw materials it needs to help power the clean energy transition.
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Visit: 108
De Beers keeps production target despite supply glut
Mining News Pro - De Beers is sticking to its 2023 production target because it is confident of the long-term outlook, its chief executive said on Monday, despite a glut in diamond supply amid weakening demand.
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Visit: 203
Zinc market shifts to oversupply but where’s the metal?
Mining News Pro - Zinc has been the second weakest performer among the London Metal Exchange (LME) base metals pack so far this year.
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Visit: 152