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...He also warned that thousands of job cuts were likely in its platinum group metals business based in South Africa — a sensitive issue for the ruling African National Congress ahead of elections this year...
...Proponents of deep-sea mining would also have to overcome staunch opposition from environmental groups, who argue that exploiting the seabed could harm marine ecosystems including rare species that have...
...“But in the same delivery, you will have boards like these,” said Kuhm, picking up something similar likely to have less precious metal....
...The California-based company is valued at $1.15bn, and also counts BHP, the world’s largest mining group, and oil major Equinor, as investors....
...As prices fall, the companies can only awkwardly point out that these metals now matter less and less to the group’s profits....
...Commodity prices turn on a nickel — a metal, incidentally, worth three-fifths what it was a year ago....
...In what the company called a “phased exit”, Arnold will leave the group in February, Verhoeven in June and Harings — who has headed the metal recycler since 2019 — is to step down in September....
...BHP, the world’s largest mining group, and Australian billionaire Andrew Forrest, who owns miner Wyloo Metals, have been pushing the LME to distinguish between so-called dirty nickel and cleaner supplies...
...“The single biggest opportunity that exists for the metal recycling industry is green steel,” said Chris Sheppard, EMR chief executive and son of the group’s founder, adding that he preferred the term “recycled...
...Amplats said on Monday it would reduce its headcount by almost a fifth, after a 71 per cent fall in annual profitability following a sharp drop in platinum group metal prices, which are primarily used in...
...Shareholders backed a change in the company’s name from Fortescue Metals Group to Fortescue Ltd on Tuesday to reflect the company’s increasing focus on green energy as Forrest called on shareholders to once...
...“Surging demand in gold’s number one consumer nation shows no sign of letting up,” said Adrian Ash, director of research at BullionVault, an online precious metals investment service....
...Price’s comments came as the International Council of Mining and Metals, a trade group representing a third of the global industry, unveiled new commitments to protect nature and biodiversity in what it...
...The territory’s high cost operations have been hit by a flood of supply from Indonesia, the world’s number one producer of the industrial metal....
...Lithium miners are cutting costs and scaling back plans to expand production after slowing demand in China for electric vehicles crushed the price of the battery metal....
...The debt reduction plan aims to pave the way for the Swiss group to spin off a separate coal company in the second half of 2026, in what would be its most radical restructuring since buying mining group...
...After big gains earlier this month the yellow metal has been trading close to the $2,200 per troy ounce mark, and even briefly rose as high as $2,222 on Wednesday....
...This week, the group announced almost 4,200 jobs would be under threat at its South African platinum group metals and iron ore mines, as it seeks to cut costs....
...Australia’s nickel industry is confronting a crisis with a number of companies suspending operations due to a collapse in the metal’s price driven by a supply glut from Indonesia....
...The London-listed group reported an 87 per cent increase in the cost to build the Araguaia nickel mine to $1bn from $537mn....
...Other auto markets must catch up to justify bullish metals forecasts. Recent announcements from rental car group Hertz and carmaker Ford will temper hopes of that....
...Amplats said on Monday that it would reduce its headcount by almost a fifth, after a 71 per cent plunge in profitability following a sharp fall in platinum group metal prices, which are primarily used in...
Nippon Steel’s planned purchase of US Steel is a test case as managers prepare to deal with more active labour groups
...“It’s a lot of money coming in as there’s a more narrow group of assets that are in vogue and gold is one of them.” As in December, speculative trading has also contributed to gold’s rise....
...to spend trillions of dollars to meet surging global demand for metals....
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