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...Discussions with the company continue.”...
...Spending by the world’s biggest mining companies on copper exploration was small relative to volume of the metals the world was expected to need, Goldman said....
...Aberdeen previously raised cash at 7.5p a share last year, so this valuation has not been plucked from nowhere, but this is serious money for a company looking for metals with weak prices in an untested...
...Huge bets by Chinese speculators on rising gold prices have helped super-charge the precious metal’s rally to an all-time high this month, in a sign that Asian traders are beginning to eclipse their western...
...An index tracking the performance of six industrial metals on the London Metal Exchange has climbed 8 per cent since the start of 2024, outpacing a 6.3 per cent rise for MSCI’s index of worldwide stocks....
...The Potanin interview comes just after the US and UK took their biggest step yet to impose sanctions on Russian metals by banning copper, nickel and aluminium from being traded on the London Metal Exchange...
...“We believe that any cash coming in from the stake sale at the parent company level could be injected into the steel business....
...The latest sanctions do not prevent Russian companies from rushing to move metals produced before April 13 into LME warehouses or conducting bilateral deals independently of metals exchanges....
...BHP has turned its pickaxe to the equity markets to find the metal it desires: copper....
...Pål Kildemo, chief financial officer of the Norwegian company, said this construction crash because of high rates and rising building costs had hit the aluminium sector hard, undermining earnings of Hydro...
...As prices fall, the companies can only awkwardly point out that these metals now matter less and less to the group’s profits....
...That scandal came to light just months after police raided the company in June over a separate case of missing metals worth more than €20mn....
...Under BHP’s proposal, the London-listed miner would have been broken up, spinning off its South African-based platinum metals and iron ore divisions....
...The metal is currently having a horrible time, down almost a quarter since the start of the year to $104 per tonne. China’s overbuilt and faltering property sector does not help sentiment....
...The world’s largest mining company has made a proposal for an all-share combination with the 107-year-old company, as it seeks to grow its portfolio of copper mines, a metal vital for the energy transition...
...Imports of the transitional metal used for construction steel rose in 2023 compared to the previous year....
...“We are hard-pressed to think of any other precedent of a company of Tesla’s size basing its path of success on such binary bets,” writes Barclays, apropos the latest thing:https://twitter.com/elonmusk/status...
...Celsa also has its own recycling business that provides material to its steelmaking activities although the company purchases additional scrap from external suppliers....
...Commodity prices turn on a nickel — a metal, incidentally, worth three-fifths what it was a year ago....
...The company announced in January a consultation on its proposals to invest £1.25bn to build a state of the art electric arc furnace, which Tata has said would secure steelmaking in the UK....
...Global mining companies have called for a green premium for sustainably produced nickel traded on the London Metal Exchange, as a flood of allegedly “dirty” supplies from Indonesia squeezes profits for producers...
...The cobalt market has been overwhelmed by a record glut as Chinese companies boost their output, with the surplus of the key electric car battery metal set to last until 2028, according to an influential...
...might pass through many hands before landing in the yards of the large recycling companies....
...,” said Natalie Scott-Gray, senior metals analyst at StoneX, a broker....
...Ensuring Tata and British Steel can source the high-quality scrap they need will certainly require a major effort to collect and separate scrap metal more effectively....
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