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Sinomine Tsumeb Smelter Shutdown, Glencore Faces Shutdown Risks: Copper Smelting Industry in Global Crisis
The crisis in the global copper concentrate market intensifies. Chinese giant Sinomine Resource Group has temporarily suspended operations at its 240,000 tonne-per-year copper smelter in Tsumeb, Namibia, while multinational Glencore faces growing shutdown risks at its...
Base Metals Weak on Shfe: Nickel Leads Down on June 17
Major base metals traded on the Shanghai Futures Exchange (SHFE) posted a negative performance in the morning session on Tuesday, June 17, with most prices declining from the previous day’s close. The sharpest decline was in nickel, which fell 1.03% to 118,460 yuan...
Oil Rally: Prices Up 12% On Missiles, Tensions And Regional Fears
Crude oil prices have surged 12% in the past week, marking a second consecutive weekly gain after a 4% gain the week before. The spark for the surge was mounting tensions between Israel and Iran, particularly Israeli missile attacks on Iranian nuclear and military...
India’s Strategic Shift: Stopping Rare Earth Exports to Japan
In a bold and highly symbolic move, the Indian government has ordered state-owned IREL (India) Ltd. to suspend a rare earth export deal with Japan that has been in place for over thirteen years. The decision, revealed by Reuters, represents a shift in New Delhi’s...