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Copper: world producers to meet this week in Chile
World copper producers will gather this week in Chile for their largest gathering since 2019, and talks are expected to focus on the industry's growing wave of mergers and acquisitions, amid rising demand and supply shortages for the metal that underpins the green...
Nickel: financing concerns rise after recent news
Nickel has continued to take centre stage in the base metals market, with recent headlines involving allegations of fraud and invalidated warrants. This follows the chaos of the suspension of the London Metal Exchange's nickel contract on 8 March 2022. At the moment...
Hudbay Minerals will acquire Copper Mountain Mining in a $439m deal
Canadian mining company Hudbay Minerals Inc said on Thursday it will buy Copper Mountain Mining Corp in a $439m share deal to boost its copper portfolio. The Copper Mountain mine is located about 20km south of Princeton, British Columbia, and 300km east of the Port of...
Aluminium: Glencore adds Russian metal to LME system
According to market sources, commodities trader Glencore has deposited more Russian aluminium in London Metal Exchange (LME)-approved warehouses at the South Korean port of Gwangyang. The increase in stockpiles of Russian aluminium produced by Rusal at the LME is a...