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Nickel: Lygend Resources & Technology quotes to raise $594 million
Hong Kong stock market debut puts Jakarta at the center of China's electric car boom. Lygend Resources & Technology, a Chinese nickel trader, is looking to raise up to $594 million in an initial public offering to expand into Indonesia. The company's presence in...
Chilean supplies threatened by truckers’ strike
Miners in Chile, the world's largest copper producer and second-largest lithium producer, said Wednesday that an indefinite truckers' strike is threatening supplies to operations in the north of the country. The group of truckers, who are protesting issues such as...
Metals: European and U.S. demand has become the driver of prices
According to Jeremy Weir, executive chairman of Trafigura, demand from Europe and the United States has become a key driver for global metals prices, along with that of China, as increased electrification in these regions increases the appetite for metals. Weir said...
Copper: Glencore will sell Australian mine to SPAC for $1.1 billion
Glencore said Wednesday that Metal Acquisition Corp (MAC) has agreed to a deal to purchase the global miner's Cobar copper mine in Australia in a deal valued at $1.1 billion. Glencore reported that the terms provide for the receipt $1.1 billion, as originally agreed...