Loading
Nonferrous metals: the LME will continue to accept Russian metal…at least for the moment
The London Metal Exchange (LME) has announced that it will continue to accept Russian metal on delivery for its industrial metals contracts, at least for the time being. The decision was made knowing that "it is likely that additional tons of Russian metal, over time,...
Copper: Escondida mine workers announce strike
Workers at Chile's Escondida mine, the world's largest copper mine, have decided to strike Nov. 21 and 23 due to a lack of workplace safety. Members of the union, Sindicato 1, had threatened to strike in early September, expressing concerns about safety at the mine,...
Nickel: Tesla-backed mine cuts production after tailings dam leak
The troubled Goro nickel mine, one of the world's largest deposits partly owned by Trafigura Group and backed by Tesla Inc. has been forced to cut production to deal with a tailings dam leak. Goro, located in the South Pacific territory of New Caledonia, reported a...
Aluminum: automaker Hyundai Motor signs supply agreement with Indonesia’s Adaro
Nov. 13, 2022 PT Adaro Minerals Indonesia Tbk signed a memorandum of understanding with South Korean automotive giant Hyundai Motor Company to supply aluminum for automobile production. The MOU was signed in Bali, Indonesia, on the sidelines of the G20 summit. The MoU...