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US and Saudi Arabia in talks to secure metals in Africa
The US and Saudi Arabia are in talks to secure metals in Africa needed to help with their energy transitions. A Saudi state-backed company would buy $15 billion worth of mining interests in African countries such as the Democratic Republic of Congo, Guinea, and...
Copper: prices rebound as signs of stabilisation in China lift demand prospects
LME copper prices rebounded on Monday after a weekly loss, buoyed by prospects for better demand from major consumer China on signs of stabilisation in the world's second-largest economy. Three-month copper on the London Metal Exchange was up 1.74 per cent at...
Zinc: new optimism following increased imports into China
China has rediscovered its appetite for refined zinc imports after a prolonged absence from the international market. In July, the country imported 76,800 tonnes of the metal, the highest monthly quantity since April 2019. China has increased domestic production of...
Copper: First Quantum reaches agreement with Panama mine union
The Panamanian unit of Canada's Stay updated with Commodity Evolution to follow the industrial market trends and much more. , averting a planned strike over profit-sharing and wage increases. The workers' union, Utramipa, had threatened on Thursday to stop work on...