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Vale conducts first iron ore sale via blockchain
Brazil’s Vale conducted its first iron ore sale via blockchain to a subsidiary in China of Nanjing Iron & Steel in what the mining company said was an important milestone towards digitalization of sales. The letter of credit was issued through Contour’s blockchain...
China factory, building boom sends iron ore price to 6-year high
Iron ore prices hit six-and-a-half year highs on Thursday as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago. A key gauge of economic activity in China – responsible for more than half the world’s steel...
Copper heads for historic squeeze with China’s demand red hot
The global copper market could be on the cusp of a historic supply squeeze as Chinese demand runs red hot and exchange inventories plunge to their lowest levels in more than a decade. A growing chorus of traders and analysts say those dwindling spot reserves could...
EU adds lithium to critical raw materials list
The European Union has added lithium, used in batteries that power electric vehicles (EVs), to a list of critical materials that it plans to support locally as part of a strategy to reduce reliance on imported supply. The group of 27 nations will need about 60 times...