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Nickel: British court waiting to examine evidence on LME crisis
Hedge fund AQR Capital Management and four other parties will ask the British court today to force the London Metal Exchange (LME) to release documents related to the decision-making process that led the LME to suspend nickel trading in March. AQR and others filed a...
Aluminum: producer Norsk Hydro will increase investment and cut other costs
Aluminum producer Norsk Hydro will cut more costs and increase capital expenditures next year, while distributing a smaller portion of its profits as a dividend as it grapples with rising inflation. On the positive side, Hydro has predicted a boom in demand for...
Aluminum: Chinese production increases in November due to easing of energy controls
China's primary aluminum production in November increased 9.4 percent year-on-year, thanks to the easing of energy restrictions that allowed some regions to increase production and the commissioning of new smelters. The world's top aluminum producer churned out 3.41...
Copper and cobalt: KoBold Metals will build a mine in Zambia
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has earmarked $150 million for the development of the Mingomba copper-cobalt mine in Zambia, arguably the world's largest undeveloped high-grade deposit of the red...