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Rio Tinto Reorganizes Assets to Expand Oyu Tolgoi in Mongolia
British-Australian mining giant Rio Tinto has announced a major reorganization of operations at its Oyu Tolgoi copper mine in Mongolia, in response to growing global pressures over copper security of supply. According to the company, project management has approved...
LME Forces Mercuria To Lend Out Aluminum Position To Avoid Systemic Risk
The London Metal Exchange (LME) has stepped in force to address a potentially destabilizing situation, forcing Mercuria Energy Group Ltd. to lend out part of its huge position in the June aluminum contract to other market participants, according to people familiar...
Steel Ferrous Scrap in Italy: Prices Stabilize After May Rebound
Following the recovery recorded in the last two weeks of May, the ferrous scrap market in Italy seems to have reached a temporary equilibrium phase. Prices, which had touched significant lows in the first part of the month, have increased overall by 10-20 euros per...
Copper Concentrate Market Sees Widening Spreads Between Traders and Refiners
The global copper concentrate market continues to be characterized by a growing divergence between the terms offered by traders and those offered by refiners (smelters). Treatment charges (TCs) — the fees paid by producers to plants for the treatment of concentrate —...