According to Mining.com, Atico Mining has reported promising findings from its drilling operations at the El Roble copper-gold mine in Choco province, Colombia. The company stated that the drilling targeted densification of the main ore body extensions that were mined before its acquisition of the mine in 2013. Drill hole ATD-0262 found ore at a […]
Rich Ore Found at Colombia’s El Roble Copper-Gold Mine Read More »
On April 8th, the main futures contract for Shanghai Aluminum neared 20,000 RMB per ton, reaching a new high since June 2022. Shanghai Nonferrous Metals analyst Li Jiahui believes that from a supply and demand perspective, the domestic electrolytic aluminum market is expected to be in a tight balance in 2024. The production of domestic
On April 4th, during the extended holiday week, China’s export container shipping market remained basically stable. Due to differences in the supply and demand fundamentals on various routes, trends continued to diverge, with the composite index experiencing a slight increase. According to data released by S&P Global, the Caixin China Manufacturing Purchasing Managers’ Index (PMI)
Nippon Steel (NPSCY.US) will continue to advance its approximately $15 billion acquisition plan for U.S. Steel (X.US), despite President Biden’s call for keeping U.S. Steel under American ownership. Nippon Steel remains confident in the deal’s potential to promote U.S. Steel’s growth. Tadashi Imai, the new president of the Japanese steel manufacturer, emphasized the company’s deep
PT Amman Mineral Internasional, an Indonesian copper miner, announced on Wednesday that in addition to its 2024 production target of 833,000 metric tons of copper concentrate (a 54% increase year-over-year), it also plans to request a delay in the copper export ban. According to Reuters, Amman’s CEO stated on Wednesday that the company is negotiating
Indonesian Copper Miner Amman Requests Delay in Copper Concentrate Export Ban Read More »
According to Mining-Journal, US Critical Materials has announced the discovery of a high-grade gallium deposit at Sheep Creek in Montana, described as “strategically significant”. Gallium is listed as a critical mineral by every major economy, utilized in the semiconductor manufacturing industry. Data from the US Geological Survey (USGS) indicates that US consumption of gallium is
High-Grade Gallium Found at US Sheep Creek Rare Earth Mine Read More »
According to foreign media reports on March 21, French Finance Minister Bruno Le Maire said on Thursday that the negotiation deadline for the rescue agreement of New Caledonia’s nickel industry is set for the end of this month, excluding the possibility of offering better terms. The French government has been negotiating to save New Caledonia’s
According to CCTV News, experiments conducted on the Chinese Space Station include those performed inside the station, while others require external execution. The Chinese Space Station’s material exposure experiment device, which has been exposed outside the cabin since March 8, 2023, has completed a full year of in-orbit experiments. On March 14, the device and
On Thursday (March 14th), U.S. President Joe Biden publicly voiced opposition to Nippon Steel’s acquisition of U.S. Steel Corporation, stating that U.S. Steel must remain a company owned and operated within the United States. U.S. Steel’s stock fell more than 6% on Tuesday, following a nearly 13% drop the previous trading day, as media reports
Deal in Jeopardy? Biden Voices Opposition to Nippon Steel’s Acquisition of U.S. Steel Read More »
Last week, affected by multiple factors, the Shanghai zinc prices fluctuated slightly. As of the close on March 8th, the main contract for Shanghai zinc 2404 settled at 21,195 yuan/ton, with a weekly decrease of 0.56%. Regarding the future price of Shanghai zinc, market participants believe that it will continue to oscillate in the short
Market Participants: A Mid to Long-term Bottom for Zinc Prices Is Expected to Form Read More »
