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Nickel: Wyloo Metals Pty increases its offer to buy Noront Resources Ltd
Wyloo Metals Pty Ltd, owned by billionaire tycoon Andrew Forrest, has increased its bid to buy Canadian nickel explorer Noront Resources Ltd, reigniting a battle with rival suitor BHP Group after talks broke down over a compromise deal. The mining heavyweights are...
Copper: Peru’s proposal to raise mining taxes risks $50 billion in investments
Peru's mining chamber on Monday criticized the government's proposal to raise taxes on the sector by at least 3 percentage points, saying it would put more than $50 billion in future investments by the world's second-largest copper producer at risk. Peru's Finance...
Nickel: the market is expected to remain stable for 2022
The nickel market rebounded strongly from its March/April lows as supply growth was weaker than expected while demand increased. Prices came out tentatively above US$20,000/tonne in 4Q21 as inventories continued to decline after the market unexpectedly slipped into...
Steel: Chinese stocks drop to 10-month low
From Dec. 3-9, total inventories of the five major steel products in commercial warehouses in China's 132 cities fell for the ninth consecutive week, hitting a 10-month low at 14.7 million tons, down 2.8% on a weekly basis. Inventories of rebar, wire rod, cold-rolled...