May 26, 2023

Deep-sea mining may affect thousands of new species found in hotspot

Scientists have identified more than 5,500 entirely new species in the CCZ of the Pacific Ocean, an area targeted by deep-sea miners.

May 24, 2023

BHP-backed Tanzania nickel miner in talks for offtake contracts

Lifezone Metals is negotiating supply deals with several electric vehicle manufacturers and battery makers.

May 24, 2023

Nornickel now earns nearly half of its revenue in Asia

In the first three months of 2023, Asia accounted for 45% of the company’s revenue.

May 24, 2023

Commodity bull Goldman says ‘we were wrong’ but sticks to view

The investment bank says its forecasts for major rises in raw materials this year hadn’t panned out so far, but calls for a major rally.

May 19, 2023

Vale said to decide on base metals sale worth billions next week: Brazilian paper

The board of directors is to analyze binding offers for a 10% stake that could be valued at $2.5 billion.

May 19, 2023

LME profits fall to 8-year low as nickel crisis hits exchange

The LME’s annual profit fell 27% to $56.1 million, the lowest since before a hike in trading fees in 2015.

May 19, 2023

Trafigura says accused fraudster’s wife not a bystander

Trafigura in February accused Prateek Gupta and the companies connected to him of perpetrating a “systematic fraud” .

May 19, 2023

Nickel prices seen falling as global surplus looms

Global nickel prices are poised to decline over the next few years as top producer Indonesia ramps up supplies and production costs fall.

May 18, 2023

Vale gets offers for stake in base metals unit

Vale would sell 10% of the unit worth around $2.5 billion, local newspaper reports.

May 17, 2023

Sherritt International reports second fatality at Cuba mine in a month

An employee died at its Moa joint venture mine in Cuba.