Loading
Copper: Panamanian government orders suspension of operations at Cobre Panama mine
Panama's government on Thursday ordered Canada's First Quantum Minerals to suspend operations at its flagship copper mine in the country after missing a deadline to finalize an agreement that would have increased payments to the government from the mine. The...
Nickel: British court waiting to examine evidence on LME crisis
Hedge fund AQR Capital Management and four other parties will ask the British court today to force the London Metal Exchange (LME) to release documents related to the decision-making process that led the LME to suspend nickel trading in March. AQR and others filed a...
Aluminum: producer Norsk Hydro will increase investment and cut other costs
Aluminum producer Norsk Hydro will cut more costs and increase capital expenditures next year, while distributing a smaller portion of its profits as a dividend as it grapples with rising inflation. On the positive side, Hydro has predicted a boom in demand for...
Fitch says steel markets will normalize in 2023, China aside
International credit rating agency Fitch Ratings said the global steel sector will not fully recover in 2023 due to lower consumption in the second half of this year. The slowdown in the global economy has ended the exceptionally high prices caused by the explosion in...