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Aluminium: Emirates Global Aluminium’s 2022 profit rises to a record $2 billion
Emirates Global Aluminium (EGA), one of the world's largest aluminum producers, said Tuesday that its annual net profit for 2022 rose 34 percent to a record 7.4 billion dirhams ($2.01 billion) thanks to rising metal prices. The UAE company said the average price...
AQR heads 10 hedge funds suing LME over nickel crash in March
AQR Capital Management has formally filed a lawsuit in London against the London Metal Exchange (LME), joining nine other hedge funds in a series of claims over the exchange's decision to cancel billions of dollars of nickel trades last year. AQR and DRW Commodities...
Metals: the run for electric vehicle batteries is intensifying
Automakers cannot go green without having sufficient quantities of the lithium, nickel and cobalt that make batteries work. The fear of missing the boat-literally-is generating an industry-wide shift to invest directly in mining to secure future supplies of these...
Copper: Panamanian president says talks with First Quantum are in the home stretch
Panamanian President Laurentino Cortizo said Friday that talks between his government and Canada's First Quantum Minerals for the management of a major copper mine are in the home stretch, with only one issue still to be resolved. "We are in the home stretch to reach...