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Nickel: market lows due to Indonesian oversupply
The nickel market has entered a period of surplus due to an Indonesian-driven increase in supply. Forecasts still indicate a supply shortage due to increased demand for batteries and other applications related to the energy transition, but the current surplus is...
Rare earth: suspension of Burmese mining drives up prices
Rare earth prices recorded another strong month-on-month increase. Indeed, supply disruptions remain a massive concern in the rare earths sector, so rare earth magnets and other materials have seen renewed bullish strength in recent months. In August, market concerns...
Copper: Barrick Gold to invest nearly $2 billion in Zambia mine to increase production
Barrick Gold said on Wednesday it will invest nearly $2bn as part of a project to increase copper production at its Lumwana mine in Zambia. The expansion is part of the company's plans to extend the life of the mine to 2060. Zambia is Africa's second largest copper...
Aluminium: Rusal’s Krasnoyarsk smelter on fire
The Krasnoyarsk aluminium smelter owned by Rusal reportedly caught fire on Wednesday, 4 October. At 8:57 a.m. (0157 GMT), a fire was reported in the territory of KrAZ (Krasnoyarsk Aluminium Smelter). The news came after the Russian state news agency TASS reported,...