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Nickel: price hits 10-year high on supply concerns
The price of nickel rose to a decade high as investors bet automakers will struggle to secure supplies for their electric vehicle batteries as inventories decline. Nickel has been the best-performing of the industrial metals, which are also up as concerns about...
Iron ore: price rises on hopes of steel production recovery in China
The price of iron ore rose on Tuesday on growing hopes of a recovery in steel demand in China. The benchmark imported price in northern China rose to $129.17 a tonne during trading on Tuesday, up 3.2% from Monday's close. Domestic stainless steel enterprises are...
Copper: Ivanhoe estimates to produce up to 340,000 tons at DRC mine in 2022
Ivanhoe Mines reported that it expects to produce between 290,000 and 340,000 tons of copper concentrate in 2022 at its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The Canadian company, which began production of the commodity last year,...
Nickel: price hits highest in a month as stocks near record lows
Nickel prices rose today to the highest level in more than a month, with inventories of the metal hovering near historic lows. Prices are expected to remain strong in the near term amid low inventories and destocking expectations, but Indonesia's growing capacity will...