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Stainless steel: supplier stocks high with nickel rallying strongly
The movement in stainless steel prices has reacted mainly to volatility in nickel trade. Nickel has maintained historically low volume levels in recent months, while nickel prices have remained within a short-term range. In November, however, prices began to see...
Nickel: Tesla-backed mine cuts production after tailings dam leak
The troubled Goro nickel mine, one of the world's largest deposits partly owned by Trafigura Group and backed by Tesla Inc. has been forced to cut production to deal with a tailings dam leak. Goro, located in the South Pacific territory of New Caledonia, reported a...
Aluminum: automaker Hyundai Motor signs supply agreement with Indonesia’s Adaro
Nov. 13, 2022 PT Adaro Minerals Indonesia Tbk signed a memorandum of understanding with South Korean automotive giant Hyundai Motor Company to supply aluminum for automobile production. The MOU was signed in Bali, Indonesia, on the sidelines of the G20 summit. The MoU...
Lithium-nickel-cobalt: Canada bans Chinese investment
Canada has introduced a new rule on foreign investment that is sure to cause discussion in the mining and metals sector. In fact, the country recently required China to immediately sell its holdings in three Canadian mining companies. According to media reports,...