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Zinc: Citi buys large quantities for lucrative storage deal at LME
Citibank has purchased large quantities of zinc on the London Metal Exchange (LME) and arranged a profitable deal to store the metal in LME-approved warehouses. Although it is difficult to determine the exact amount Citi purchased, zinc stocks in LME warehouses jumped...
Peruvian Ministry of Mines presents new licensing mechanisms to mining company representatives
A team from the Peruvian Ministry of Energy and Mines, led by Minister Oscar Vera Gargurevich, met with representatives of 31 mining companies operating in the country to discuss the new mechanisms his office is working on to remove obstacles that prevent or delay...
Copper: price hovers around seven-week lows amid concerns over China’s economy and rising supply
Copper prices hovered around seven-week lows today, Wednesday, 16 August, amid concerns about the health of China's economy, the main metal consumer, and easing supply concerns. Three-month copper on the London Metal Exchange settled at $8,186/mt at 8:38 a.m. local...
Outokumpu seeks to expand after second quarter decline
Although nickel prices rose by more than 8 per cent in July, today, 16 August, LME quotations fell to a new low since September 2022, also breking down June's lows at $20.545/mt, settling at 07:35 (Italian time) in the $19.745/mt area. According to the recent earnings...