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Copper: warehouse stocks in China are virtually exhausted
Stocks of captive copper warehouses in China are virtually depleted as the two main lenders of Chinese metals, JPMorgan Chase & Co and ICBC Standard Bank Plc, have halted new transactions. Traders from London to Lima are closely watching the flows in and out of...
Aluminum: Covid impact and illegal activities drag down South32 sales
SOUTH32 said aluminum and manganese sales from its South African operations declined in the first quarter of FY2023 due to port congestion and reduced third-party train availability. Compared to the previous quarter, aluminum sales fell 18 percent to 162,000 tons,...
Lithium: the metal is set for a correction due to rising supply in a recessionary climate
According to participants at the Financial Times Mining Summit held in London last week, the lithium market is set to experience a price correction in the coming months as new production capacity comes on line, coinciding with the likelihood that some world economies...
Gold: Barrick Gold will expand its presence in East Africa
Barrick Gold President and CEO Mark Bristow announced Saturday that the company plans to expand its presence in East Africa, using the North Mara and Bulyanhulu gold mines in Tanzania as a base for this venture. In September 2019, with the reacquisition of Acacia...