Base & Precious Metals News

Jan 22 - BHP Q2 iron ore output down 9 pct, flags $600 mln negative impact

Global miner BHP Group said on Tuesday its second-quarter iron ore production fell 9 percent and flagged a $600 million negative impact due to production disruptions at its copper and iron ore operations. The world's biggest miner said unplanned production outages at Olympic Dam, Spence and Western Australia Iron Ore are likely to negatively impact productivity and flagged that it would revise guidance at its results on Feb 19. Click here to read full stories.

Jan 22 - ISTIM slowing metal flow out of its LME warehouses - sources

Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said. The firm, ISTIM UK, is controlled by the Whelan family, founders of major warehousing company Metro. By 2014, near two-year queues had developed to take aluminium out of Metro's depots in Detroit. Click here to read full stories.

Jan 22 - Barrick explores options for Zambian copper mine under pressure from taxes

Barrick Gold Corp said on Monday that it was considering all options for Lumwana copper mine in Zambia as the country's proposed new mining taxes would make it challenging to generate adequate returns for all its stakeholders. Barrick, which recently completed $6 billion deal to buy rival Randgold, said it is continuing to engage with the Zambian government to find a mutually beneficial solution for the operation of the mine in the wake of the new tax changes. Click here to read full stories.

Jan 22 - China's top steelmaking city issues level 2 smog alert

China's top steelmaking city of Tangshan issued a second-level or "orange" pollution alert on Tuesday in response to a wave of smog expected to blanket the region, local government-backed media reported. The alert will take effect from Jan. 22 until Jan. 25. Click here to read full stories.

Jan 22 - Jervois Mining offers C$16.6 mln in shares for Uganda cobalt projects

Australian cobalt developer Jervois Mining said on Tuesday it has agreed to buy a Canadian cobalt explorer with operations in Uganda, as the hunt for quality mines in the battery materials sector gains pace. Jervois, which is backed by ex-Glencore executives, is offering one of its shares for every share in M2 Cobalt, valuing the Canadian company at C$16.6 million ($12.5 million), a 4.5 percent premium at current share prices. Click here to read full stories.

Jan 21 - China Dec aluminium production surges to record monthly high

China's primary aluminium output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record, official data showed on Monday. The world's top producer churned out more than 3 million tonnes in a month for the first time, undeterred by aluminium prices at two-year lows, the impact of the U.S.-China trade war and Beijing's environmental crackdown. Click here to read full stories.

Jan 21 - China Dec daily crude steel output at lowest since March

China's average daily steel output in December hit its lowest level since March, according to Reuters calculations based on official data, as producers cut output amid shrinking profit-margins. Total output fell to 76.12 million tonnes last month from 77.62 million tonnes in November, but was up 8.2 percent from December 2017, data from the National Bureau of Statistics showed on Monday. Click here to read full stories.

Jan 21 - Western Australia claims BHP owes up to $215 mln in underpaid iron ore royalties

The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade. BHP quickly disputed the claim, saying long-standing deductions it makes to account for the cost of selling Western Australia iron ore had been consistently audited and accepted by the state as part of calculations on how much the world's biggest miner owed it in royalty payments. Click here to read full stories.

Jan 21 - The aluminium puzzle: record deficit but bombed-out price: Andy Home

A new year but the same old problems for aluminium. "When you look at the economics of producing aluminium, these prices cannot be sustainable." That was the stark message from Roy Harvey, president and chief executive of U.S. aluminium producer Alcoa, speaking on the company's Q4 2018 results call. Click here to read full stories.

Jan 21 - Australia's Sandfire approaches MOD Resources with $63 mln offer

Copper miner Sandfire Resources said on Monday it has approached explorer MOD Resources about a potential combination of the two companies, valuing MOD at about A$88 million ($63 million). Sandfire released a statement following a media report on its interest in MOD, which is exploring for copper and gold in Botswana, but said its approach was preliminary and non-binding and there was no assurance a deal would proceed. Click here to read full stories.

Jan 21 - Berkshire denies media report on accord to extract lithium

A unit of Berkshire Hathaway Inc denied a report on Sunday that it reached an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal. "There is no agreement in place with anybody to allow extraction of lithium or any other minerals from the geothermal wells in California," Jessi Strawn, a spokeswoman for Berkshire Hathaway Energy Co, which is majority-owned by Warren Buffett's conglomerate, said in an emailed response to a Reuters query. Click here to read full stories.

Jan 21 - Russia becomes world's fifth biggest gold holder after sanctions

Russia has overtaken China to become the world's fifth largest official sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday. With support from President Vladimir Putin, the central bank has been betting heavily on bullion, often seen as a safe haven or a natural hedge against the dollar, with active purchases in the last 10 years. Click here to read full stories.

Jan 21 - Tokyo Steel keeps product prices unchanged in Feb for second month

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it will hold steel product prices steady in February because of a weaker overseas market. This is the second month the company kept prices unchanged for all of its steel products, including its main H-shaped beams. Click here to read full stories.

Jan 21 - Rio Tinto's 2019 iron ore guidance at lower end of forecasts

Global miner Rio Tinto on Friday logged a slight drop in quarterly iron ore production in December and said it expected to produce more iron ore in 2019 in a target range that was at the lower end of analyst expectations. Mined copper production beat its guidance, mostly due to higher grades and better productivity at Rio Tinto's Kennecott operations in the Utah, the company said in a statement. Click here to read full stories.

Jan 21 - ArcelorMittal to build its first ever desalination plant in Brazil - execs

ArcelorMittal SA, the world's largest steelmaker, is set to build its first-ever desalination unit in Brazil to handle unforeseen water needs at its plant in the eastern state of Espírito Santo, senior company executives said in an interview on Friday. The unit is aimed at lessening the company's dependence on state water utility company Cesan and avoiding production cuts at times of water crises as the state suffered in 2015 and 2016, said Jorge Ribeiro, president of operations at ArcelorMittal's Brazilian flat steel division. Click here to read full stories.

Jan 21 - China Moly to increase stake in Congo's Tenke copper mine to 80 pct

China Molybdenum Co Ltd said on Friday it had agreed to buy a holding company for $1.14 billion in order to increase its control in Democratic Republic of Congo's massive Tenke copper mine. China Moly, already the majority owner of Tenke, will have an 80 percent stake in the mine after the acquisition of BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24 percent stake in Tenke in 2017, China Moly said in a filing to the Shanghai stock exchange. Click here to read full stories.

Jan 18 - EU takes aim at Turkish steel sector already buckling under Trump tariffs

The European Commission's move to extend its steel import restrictions threatens to force Turkish mills, already buckling under the weight of U.S. tariffs, to cut production further or in some cases close down, sources said. The Commission said on Wednesday it will extend and beef up its existing "safeguard" steel import caps until July 2021 to counter concerns that European Union markets are being flooded with steel no longer being exported to the United States.  Click here to read full stories.

Jan 18 - U.S. House backs sanctions on Russia's Rusal in symbolic vote

The U.S. House of Representatives backed legislation on Thursday to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal, but the Trump administration is expected to lift them as soon as Friday. The Democratic-led House voted by an overwhelming 362 to 53 in favor of a resolution of disapproval of the U.S. Treasury Department's decision last month to lift sanctions on the core businesses of Deripaska: Rusal, its parent, En+; and power firm EuroSibEnergo Plc. Click here to read full stories.

Jan 18 - Rio Tinto's 2019 iron ore guidance at lower end of forecasts

Global miner Rio Tinto on Friday logged a slight drop in quarterly iron ore production in December and said it expected to produce more iron ore in 2019 in a target range that was at the lower end of analyst expectations. Mined copper production beat its guidance, mostly due to higher grades and better productivity at Rio Tinto's Kennecott operations in the U.S. state of Utah, the company said in a statement. Rio's fourth-quarter iron ore production stood at 86.6 million tonnes, down by 1 percent from the fourth quarter of 2017, due to fewer shipments. Click here to read full stories.

Jan 18 - Crude steel output at Russia's Severstal down 4 pct q/q in fourth qtr

Russia's Severstal , one of the country's largest steel producers, said on Friday its crude steel output fell 4 percent in the fourth quarter from the previous three months to 2.94 million tonnes due to falling pig iron production and a seasonal slowdown at one mill. Crude steel sales totalled 2.76 million tonnes, up 2 percent compared to the previous quarter. The share of domestic sales declined to 62 percent due to a seasonal slowdown in domestic consumption, Severstal said. Click here to read full stories.

Jan 18 - LME to launch seven new contracts on March 11, lithium due in Q4

The London Metal Exchange (LME) will launch seven new cash-settled futures contracts on March 11, including hot-rolled coil (HRC) steel and alumina, it said on Thursday. The exchange, the world's oldest and largest market for industrial metals, also said in a statement that it expected to launch a lithium contract in the fourth quarter. Click here to read full stories.

Jan 18 - Chile's Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05 per pound for 2019, rising to $3.08 for 2020, amid the continuing U.S.-China trade war and further potential volatility because of Brexit. Cochilco said it saw production at 5.941 million tonnes for 2019, up 1.6 percent from 5.845 million in 2018, and a 227,000 tonne deficit in the global market for 2019, dropping to 185,000 in 2020. Chile is the world's top producer of the red metal. Click here to read full stories.

Jan 18 - U.S. Energy Department to develop lithium recycling research center

The U.S. Energy Department said on Thursday it is launching a research center on lithium battery recycling in an effort to reduce U.S. dependence on foreign sources for the metal that is increasingly being used in electric vehicles and electronics. The department is also launching a prize for lithium battery recycling, with awards of $5.5 million, to speed the process of taking recycling designs from concept to demonstration. Click here to read full stories.

Jan 18 - Investors punish Voestalpine for latest profit warning

Voestalpine blamed operating problems in the United States and provisions from a German cartel investigation for its second profit warning in four months, sending shares in the Austrian steelmaker 8 percent lower on Thursday. The latest warning risks tarnishing the legacy of Chief Executive Wolfgang Eder who bows out in July after 15 years in charge. Click here to read full stories.

Jan 18 - Marex Spectron warned by executive of fraud risk - lawsuit documents

Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalised a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court documents seen by Reuters show. Natixis filed the lawsuit against Marex in May 2017 after the bank said warehouse ownership receipts for nickel provided by Marex had turned out to be fake. Natixis holds Marex responsible for not identifying the fraud before the financing deal was completed. Click here to read full stories.

Jan 17 - Bid to keep U.S. sanctions on Russia's Rusal fails in Senate

In a victory for President Donald Trump, the U.S. Senate on Wednesday rejected legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal. Senators voted 57-42 to end debate on the measure, as 11 of Trump's fellow Republicans broke from party leaders to join Democrats in favor of the resolution, amid questions about Trump's relationship with Russian President Vladimir Putin. Click here to read full stories.

Jan 17 - Flash LME nickel squeeze may be a taste of things to come: Andy Home

Nickel bears have been sent running for cover by this week's ferocious squeeze on the London Metal Exchange (LME). Short-dated time-spreads have flexed out to levels not seen in many years as a long-running decline in LME nickel stocks translates into cash-date tightness. Click here to read full stories.

Jan 17 - Alcoa beats profit estimates on strength in alumina segment

Top U.S. aluminum producer Alcoa Corp  beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year. The company's shares were down 1.6 percent in extended trading, reversing course after rising as much as 3.5 percent to $30. Click here to read full stories.

Jan 17 - Philippines' Global Ferronickel holds ore shipments to China steady as economy cools

Philippines nickel ore miner, Global Ferronickel Holdings Inc, said on Thursday it aims to ship 5.7 million wet metric tonnes to China this year, in line with 2018, as China's cooling economy slows expected demand. Global Ferronickel also said it has signed a contract to sell 1 million wmt of ore to Baosteel, a unit of top steel manufacturer China Baowu Steel Group. It is also looking to sell ore to China's Guangdong Century Tsingshan Nickel Industry Co. Click here to read full stories.

Jan 17 - EU agrees to extend steel import curbs until 2021

The European Union will limit imports of steel into the bloc following U.S. President Donald Trump's imposition of metals tariffs after EU governments backed the plan in a vote on Wednesday. It means that all steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S. Click here to read full stories.

Jan 17 - Voestalpine issues new profit warning, blames extra costs, provisions

Voestalpine shares were marked sharply lower on Thursday after the speciality steelmaker's second profit warning in four months, which it blamed on operating problems in a U.S. plant and provisions for a cartel investigation. Voestalpine stock, which lost nearly half its value last year, was indicated to fall between 5 and 7 percent. Click here to read full stories.

Jan 17 - Divers locate one body in flooded Indian mine after 35 days

Indian navy divers found the body of one of 15 miners who went missing in a flooded coal mine in a remote corner of the country more than a month ago, officials said on Thursday. Rescuers have been struggling to pump water out of the 370-feet-deep illegal "rat-hole" coal mine in the northeastern state of Meghalaya, where the men have been trapped for 35 days. Click here to read full stories.

Jan 17 - Australia’s Whitehaven Coal 2nd-qtr production up 11 pct - statement

Australia's largest independent coal producer Whitehaven Coal said on Thursday its second quarter saleable coal production rose 11 percent as a timely pickup in production from its Narrabri mine bolstered output. Managed saleable coal production for the three months to Dec. 31 2018 came in at 5.6 million tonnes, compared with production of 5 million tonnes a year ago, the company said in a statement. Click here to read full stories.

Jan 16 - Chile nuclear watchdog weighs probe into fraud over lithium exports - documents

Chile's nuclear watchdog CCHEN is considering an investigation into potential fraud after an audit found that the agency for decades failed to properly record exports of ultralight battery metal lithium, documents obtained by Reuters show. The internal review found "significant errors" in CCHEN's accounting of the sales of the world's top lithium producers Albemarle Corp and SQM between 1984 and 2015, suggesting the agency at times had lost track of how much lithium was being exported and where it was going. Click here to read full stories.

Jan 16 - Anglo American begins quest to unearth next CEO

Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015-16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12 percent last year, outperforming London-listed peers including Glencore and Rio Tinto. Click here to read full stories.

Jan 16 - Defying Trump, U.S. Senate advances measure critical of easing Russia sanctions

The Republican-led U.S. Senate voted on Tuesday to advance a resolution disapproving of a Trump administration plan to ease sanctions on Russian companies tied to Russian oligarch Oleg Deripaska, clearing the way for debate and a vote on the plan. The result marked a rare break from President Donald Trump.  Click here to read full stories.

Jan 16 - 'Adapt to new era' - Mexico lawmaker seeks tougher rules for miners

Mexico's mining companies, including copper giant Grupo Mexico, should prepare for new labor rules and new regulations over their operations, including the prospect of higher taxes, a veteran labor leader now in the Senate told Reuters on Tuesday. Senator Napoleon Gomez Urrutia, who heads the labor committee and sits on the mining committee, unleashed epic union battles a decade ago before he left Mexico to fight corruption charges he says were politically motivated. Click here to read full stories.

Jan 16 - Ford and IBM among quartet in Congo cobalt blockchain project

Carmaker Ford, technology giant IBM South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Click here to read full stories.

Jan 16 - Norsk Hydro says Brazil state authority lifts Alunorte production embargo

Norwegian aluminium-maker Norsk Hydro ASA said on Tuesday that Brazil's northern state of Para has lifted a production embargo on its Alunorte alumina refinery but noted that full production will not resume until a federal court follows suit. The plant is operating at half capacity after admitting early last year to making unlicensed emissions of untreated water during severe rains. Click here to read full stories.

Jan 16 - Industrialist Gupta's GFG Alliance aims to expand U.S. steel operations

British industrialist Sanjeev Gupta's GFG Alliance is on the lookout for further acquisitions in the United States to expand its footprint in the Midwest and East Coast, the privately held steel and energy conglomerate said on Wednesday. GFG is also considering building out steel capacity at its new Keystone Consolidated Industries (KCI) plant in Illinois and restarting a furnace at its Liberty Steel Georgetown plant in South Carolina, it said in a statement. Click here to read full stories.

Jan 16 - Apollo Global nears deal to buy Arconic for more than $10 bln - WSJ

Apollo Global Management LLC is nearing a deal to buy U.S. aluminum products maker Arconic Inc for more than $10 billion, the Wall Street Journal reported on Tuesday.The private equity firm would pay between $21 and $22 per share in a deal that would likely be announced this week, the report said, citing people familiar with the matter. Click here to read full stories.

Jan 15 - Newmont takes top gold producer spot with $10 bln Goldcorp buy 

Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. The transaction, the biggest ever takeover in the gold sector according to Refinitiv, follows Barrick Gold Corp's agreement in September to buy Randgold Resources Ltd in a deal valued at $6.1 billion.  Click here to read full stories.

Jan 15 - China's trade data weak? Not if you look at commodities: Russell 

Anybody reading the commentary on China's December trade figures would be left with the impression of an economy increasingly losing momentum amid a dispute with the United States. It was reasonable for analysts to zero in on the 4.4 percent drop in China's December exports from a year earlier, a huge miss when a rise of 3 percent had been forecast. Click here to read full stories.

Jan 15 - Global metals trading volumes slide on macro uncertainty: Andy Home 

Investors have fled the industrial metals markets as previous trading strategies have been overwhelmed by macro uncertainty. That's the clear take-away from an analysis of last year's trading volumes on the world's three major exchanges. Click here to read full stories.

Jan 15 - Russia's Alrosa returns to diamond exploration in Zimbabwe 

Russian diamond giant Alrosa has set up a subsidiary in Zimbabwe to begin mining operations there, it said on Monday, more than two years after it shelved plans to expand into the southern African country. Alrosa, the world's largest diamond producer by output, started conducting geological exploration in Zimbabwe in 2013 but dropped the licences it held there in 2016 due to a reform of the country's diamond industry. Click here to read full stories.

Jan 15 - U.S. Senate to take up Russia sanctions measure Tuesday 

The U.S. Senate will begin voting on Tuesday on a resolution criticizing the Trump administration's decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska, a measure that is unlikely to pass given the Republican majority in the chamber. Senate Democratic Leader Chuck Schumer sent a letter to Senate Republicans and Democrats on Monday urging them to support the resolution of disapproval. Click here to read full stories.

Jan 15 - S.Africa's AMCU union to expand Sibanye-Stillwater strike to platinum operations

South Africa's Association of Mineworkers and Construction Union (AMCU) is planning to strike at Sibanye-Stillwater's local platinum operations, it said on Monday, expanding an earlier stoppage affecting its gold facilities. Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence and the firm has said it expected to miss its 2018 bullion output forecast. Click here to read full stories.

Jan 14 - China's 2018 iron ore imports fall 1 pct, first annual drop since 2010

China's 2018 iron ore imports fell by 1 percent from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday. Full-year iron ore imports fell to 1.064 billion tonnes in 2018 from an annual record of 1.075 billion tonnes in 2017, the data showed. The ore imports, though, still exceeded 1 billion tonnes for a third year running. Click here to read full stories.

Jan 14 - China copper imports hit record high in 2018

China's unwrought copper imports rose 12.9 percent to a record annual high of 5.3 million tonnes in 2018, customs data showed on Monday, boosted by the country's crackdown on scrap metal shipments. For December, imports fell 4.7 percent from the previous month to 429,000 tonnes from a revised figure of 450,000 tonnes in Novemeber, the General Administration of Customs said. December was also down 4.7 percent from the same month a year ago. Click here to read full stories.

Jan 14 - Gupta's Liberty Steel receives A$124 mln contract to supply tunnel project

Liberty Steel, a subsidiary of GFG Alliance, won a contract to supply steel for a tunnel project in the Australian state of Victoria, the state government said on Sunday. Liberty was awarded a A$124 million ($89.1 million) contract to supply the West Gate Tunnel project in Victoria with 92,200 tonnes of Australian-manufactured steel, the government said in a press release. Click here to read full stories.

Jan 14 - Rio Tinto calls force majeure on some iron ore shipments after fire in Australia

Rio Tinto said on Monday it has declared force majeure on iron ore shipments to some customers following a fire at its Cape Lambert export terminal in Australia last week. The miner closed part of the terminal's operations after the fire on last Thursday. Click here to read full stories.

Jan 14 - Congo poll leaves uncertainty for miners at heart of EV revolution

The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila - has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading miner of cobalt, a mineral used in electric car batteries which has seen a surge in demand in recent years, with mines run by firms including Glencore and China Molybdenum. Click here to read full stories.

Jan 14 - Premiums for Japan aluminium imports in Q1 fall to 2-year low

Premiums for aluminium shipments to Japan for January to March were agreed at their lowest in more than two years as spot premiums fell amid ample supply, said multiple sources directly involved in the pricing talks. The deals were mainly done at premiums of $85 per tonne, with a few deals done at $83 and $84, the sources said. Click here to read full stories.

Jan 11 - Modi's 'Make in India' a casualty as steel, auto firms spar over sourcing

India's steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new egulations could disrupt the production of cars, government and industry sources said. The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by carmakers from countries such as Japan and South Korea but not yet manufactured in India. Click here to read full stories.

Jan 11 - New year starts with a bang for the tin market: Andy Home

The new year has started with a bang for the tiny tin market. London Metal Exchange (LME) three-month tin has just broken up through the $20,000 per tonne level for the first time since June last year. At a current $20,180, the price is up 11 percent on its November low of $18,145 and has a new spring in its step after two years of consistent under-performance relative to the rest of the LME pack. Click here to read full stories.

Jan 11 - China 2018 zinc output down 4.6 pct, biggest drop in 5 years - Antaike

China's refined zinc production saw its steepest plunge since 2013 last year amid tight raw material supply, longer maintenance periods and the relocation of the country's top smelter, according to Antaike, the research arm of the China Nonferrous Metals Industry Association. But a recent spike in treatment and refining charges (TC/RCs)  in China, the top producer of the metal used to galvanise steel, could lead to a rebound this year, some analysts expect. Click here to read full stories.

Jan 11 - China industry ministry to ban new steel project expansions - Xinhua

China will "strictly prohibit" the expansion of new iron and steel projects in 2019, the country's inustry minister told the official Xinhua agency in an interview on Thursday. Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries, which were already subject to restrictions in 2018, while newly added primary aluminium capacity would continue to be "strictly controlled". Click here to read full stories.

Jan 11 - Newmont cuts 120 jobs at Nevada gold mining operation

Newmont Mining Corp , the world's No. 2 gold producer, is cutting 120 jobs at its Carlin mining operation in Nevada after deciding to reduce the life span of one mine and suspending part of another due to a wall slide, a spokesman said on Thursday. The Denver, Colorado-based company announced the cuts to its workforce and union on Jan. 7 and is in the process of informing affected employees, Newmont spokesman Omar Jabara said. Click here to read full stories.

Jan 11 - Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

Rio Tinto Ltd  closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed statement. Click here to read full stories.

Jan 11 - Thyssenkrupp break-up plans face economic, financial hurdles in 2019

Thyssenkrupp faces risks ranging from economic uncertainty to cartel fines in 2019, potentially complicating a planned spin-off of the German company's capital goods business which has so far left some investors unconvinced. Shares in Thyssenkrupp have fallen 26 percent since September when it bowed to long-standing pressure to separate its elevators, car parts and plant engineering from steel, naval vessels and metals distribution, lagging German  European and global stocks. Click here to read full stories.

Jan 10 - SQM and Chile reach lithium deal, but Atacama water woes continue

Chile's environmental regulator this week approved a $25 million compliance plan by lithium miner SQM, ending a multi-year investigation by authorities that found the Chilean miner had overdrawn lithium-rich brine from the Atacama salt flat. The case, now resolved, raised questions about how much brine and fresh water was left beneath the Atacama, and how long it would last. Click here to read full stories.

Jan 10 - Indonesia forecasts drop in Grasberg copper concentrate exports in 2019

Copper concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, are forecast to plunge this year because of a lag in output as operations move from open pit to underground mining, a government official said on Wednesday. In 2019, copper concentrate exports are expected to drop to 200,000 tonnes from about 1.2 million tonnes last year, said Yunus Saefulhak, the director of minerals at the Energy and Mineral Resources Ministry. Click here to read full stories.

Jan 10 - Chile's Collahuasi plans resource sharing with Canada's Teck Resources

Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday. Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, principal among them Teck. Click here to read full stories.

Jan 10 - EU expected to clear steel import curb after Trump tariffs

European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following U.S. President Donald Trump's imposition of tariffs on steel and aluminium entering the United States. The vote on Jan. 16 would put in place an effective cap on steel imports for three years to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S.. Click here to read full stories.

Jan 10 - Sibanye-Stillwater expects gold output to miss forecast amid wage strike

Sibanye-Stillwater said on Thursday its bullion output in 2018 would be lower than forecast after almost half of the employees down tools since mid-November in a wage strike that has killed four employees at its South African gold operations. The miner said it expected 2018 production to come in at 1.1 million ounces compared with a guidance of between 1.13 million ounces and 1.16 million ounces, despite plans being implemented to curb losses. Click here to read full stories.

Jan 10 - Swiss gold refiner Valcambi offers $16 mln for Republic Metals Corp - source

Swiss precious metals refiner Valcambi has made a $16 million offer to buy the assets of Miami-based rival Republic Metals Corporation (RMC), which filed for bankruptcy last year, a source familiar with the matter said on Wednesday. The source said the New York bankruptcy court hearing the case had accepted the offer as a stalking horse bid, implying that any other bids that come in must be higher than Valcambi's. Click here to read full stories.

Jan 10 - Chile's copper mines post mixed results through Nov 2018 - Cochilco

Chile's largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP's Escondida, the world's largest copper mine. In all, copper production in the world's top producer of the red metal reached 5.33 million tonnes, a 6 percent increase over the same period the previous year. Click here to read full stories.

Jan 09 - Scant relief for U.S. aluminium users from removal of Rusal sanctions

U.S. plans to remove sanctions on Russian aluminium giant Rusal  will be of limited benefit to consumers in the United States where tariffs on aluminium imports mean producers still need much higher prices to incentivise shipments. The U.S. Treasury has said it would lift sanctions on Rusal this month after a restructuring that reduces tycoon Oleg Deripaska's stake in parent company EN+ to below 50 percent.  Click here to read full stories.

Jan 09 - Gold-backed ETFs gained globally in 2018, even with North America outflows

Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar. Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 69 tonnes to 2,440 tonnes in the year. Click here to read full stories.

Jan 09 - A cold blast from China chills industrial metals markets: Andy Home

Base metals started the new year where they left off the old one, by falling again. The London Metal Exchange index (.LMEX) slumped to a one-and-a-half year low of 2730.1 on Jan. 3. The trigger was Apple Inc's revenue warning, not the type of news event that normally roils prices of old-economy metals such as copper, lead and zinc. But the reaction was highly instructive of what to expect in the months ahead. Click here to read full stories.

Jan 09 - Japan to seek talks with South Korea over Nippon Steel court decision

Japan will seek talks with Seoul regarding a South Korean court decision against a Japanese company over the issue of wartime forced labour, its top government spokesman said on Wednesday. A South Korean court on Tuesday approved a request by plaintiffs in a wartime forced labour case to seize part of the local assets of Nippon Steel & Sumitomo Metal Corp, Yonhap News Agency said, citing a court official. Click here to read full stories.

Jan 09 - Chile copper mines to triple use of sea water in 10 years - report

Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. Cochilco said in a report that it expected use of sea water, both desalinated and direct from the ocean, to increase by 230 percent over 2018 levels. Click here to read full stories.

Jan 09 - Chilean regulator fines Itau Corpbanca over SQM-linked loans

Chile's securities regulator said on Tuesday it had fined lender Itaú Corpbanca $8.8 million for exceeding loan limits in extending credit to companies controlling local lithium producer SQM. The Superintendency of Banks and Financial Institutions (SBIF) opened an investigation in 2017 into allegations Itaú Corpbanca had granted excessive loans to SQM holding companies Norte Grande, Potasios de Chile and Pampa Calichera. Click here to read full stories.

Jan 08 - No talks planned on U.S. metals tariffs after Trudeau-Trump chat

The leaders of Canada and the United States discussed U.S. tariffs on Canadian steel and aluminum on Monday but no talks on lifting the sanctions are planned, a Canadian source familiar with the matter said. After the conversation between Prime Minister Justin Trudeau and U.S. President Donald Trump, Trudeau's office released a statement saying the two men had "discussed next steps in addressing steel and aluminum tariffs." It gave no details. Click here to read full stories.

Jan 08 - Commodity markets back Beijing's stimulus, await trade talks: Russell

Commodity markets appear to have delivered their verdict on China's plans to stimulate its economy, betting that Beijing's boost to infrastructure spending will work. China's central bank cut the amount of cash that banks have to hold as reserves for a fifth time in a year on Jan. 4, a move that will free up as much as $116 billion in new credit. Click here to read full stories.

Jan 08 - India's Supreme Court clears reopening of Vedanta's copper smelter

India's Supreme Court on Tuesday cleared the way for Vedanta to reopen its south Indian copper smelter by refusing to stay an order from the country's environmental court, the company's lawyer said. The Tamil Nadu state government appealed against the Indian environment court's order in December to set aside Tamil Nadu's order to close the copper smelter permanently.  Click here to read full stories.

Jan 08 - Chile copper output to jump by 30 percent in 10 years - report

Chile's copper production could jump by nearly 30 percent over the next 10 years, Chile’s state copper agency Cochilco said on Monday. Cochilco said in a report that output from Chile, the world's top producer of the red metal, could reach a record of 7.25 million tonnes as early as 2025. Click here to read full stories.

Jan 07 - Zambia Vedanta unit halts operations at underground mine on tax concerns

Zambia's Konkola Copper Mines (KCM), majority owned by Vedanta Resources, suspended operations at its Nchanga mine following the introduction of an import duty on copper concentrates, the company said. Zambia, Africa's No.2 copper producer, introduced new mining duties, increased royalties and plans to replace Value Added Tax (VAT) with a sales tax by April to help bring down mounting debt. Click here to read full stories.

Jan 07 - Air quality worsens in China's Henan province, improves elsewhere

Air pollution in China's heavy-industrial province of Henan worsened in December even as other regions improved, official data showed, with its cities hit by unfavourable weather and a struggle to find cleaner sources of economic growth. China is restricting industrial output, traffic and coal consumption in the smog-prone north for a second year in a bid to cut pollution during the winter heating period, when thousands of mainly coal-burning boilers are switched on. Click here to read full stories.

Jan 07 - China to step up crackdown on rare earth sector - ministry

China will step up efforts to eliminate illegal mining, production and smuggling of rare earth materials, while at the same time, encourage more high-end processing, the industry ministry said in new guidelines published on Friday. China is responsible for more than 90 percent of the global supply of rare earth elements, a group of 17 metals used in high-tech and strategic sectors such as renewable energy and defence. Click here to read full stories.

Jan 07 - At least 30 gold miners killed in tunnel collapse in northern Afghanistan

At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said. Officials said the victims were villagers who were mining for gold illegally, rather than in a government project. Click here to read full stories.

Jan 07 - Congo slashes cobalt output estimate for Jan-Sept 2018

Democratic Republic of Congo revised down its estimate of cobalt production for the first nine months of 2018, to 81,292 tonnes from an earlier estimate of 115,116 tonnes, central bank data showed on Friday. The revision means that output of cobalt, an important component of electric car batteries, rose 35.9 percent compared to the same period in 2017, rather than 92.5 percent as the bank said previously. Click here to read full stories.

Jan 04 - Zambia says audit shows mining firms in arrears to government

The Zambia Revenue Authority (ZRA) said on Friday an audit shows mining companies owe the government more than the state is due to pay them in tax refunds. Mining companies have been demanding Zambia pay the $550-$600 million due to them in Value Added Tax (VAT) refunds. Click here to read full stories.

Jan 04 - Detour Gold names Paulson-backed Bill Williams as interim CEO

Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon. The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation. Click here to read full stories.

Jan 03 - Iron ore, coal defy weakening China PMI, but for how long? : Russell 

The slump in China's Purchasing Managers' Index (PMI) is likely to prove an unwelcome New Year's gift to the world's major exporters of bulk commodities such as iron ore and coal. The manufacturing gauge compiled by Beijing's National Bureau of Statistics dropped to 49.4 in December, dropping below the 50-level that demarcates growth from contraction, for the first time since July 2016. Click here to read full stories.

Jan 03 - New Barrick eyes several options to end Tanzania tax dispute -CEO 

The new Barrick Gold Corp is considering options for its stake in Acacia Mining PLC including possible sale, as Barrick works to end a nearly two-year-long tax dispute in Tanzania that has effectively shuttered operations there, Chief Executive Officer Mark Bristow said on Wednesday. The new Barrick, which began trading on Wednesday following its merger with Randgold Resources, holds a 64 percent stake in Acacia, which has not been able to export gold during the tax row. Click here to read full stories.

Jan 02 - S.Koreans seek Nippon Steel asset seizure in 'forced labour' case - paper

South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, their lawyers said on Wednesday. The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan over the issue. Japan denounced a South Korean Supreme Court ruling in October that Nippon Steel should pay 100 million won ($90,500) to each of four South Koreans to compensate them for suffering forced labour during the war. Click here to read full stories.

Jan 02 - Gold loses cachet to U.S. dollar in 2018, palladium sparkles with 3rd year of gains

Gold prices were on course for their first annual fall in three years on Monday, having largely been outgunned by the U.S. dollar as a refuge from global geopolitical and trade tensions, while palladium notched up a third year of gains propelled by robust investor demand coupled with a sustained deficit. Spot gold traded at $1,279.41 per ounce late on Monday, on track to end 2018 down nearly 1.8 percent, while the most-active gold futures contract settled 2018 down 4.2 percent at $1,281.30 an ounce. Click here to read full stories.

Jan 02 - Zijin Mining plans to sell $1.2 bln A-shares to fund Nevsun purchase

Chinese gold miner Zijin Mining Group Co Ltd said it plans to sell up to 8 billion yuan ($1.16 billion) worth of new shares in Shanghai to help fund its purchase of Canada's Nevsun Resources Ltd. Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder and regulatory approval, the firm said in a filing to the Hong Kong bourse late on Tuesday. Click here to read full stories.

Jan 02 - U.S. Mint American Eagle 2018 gold, silver coin sales at 11-year lows

U.S. Mint sales of American Eagle gold and silver coins dropped to their lowest in 11 years during 2018, U.S. Mint data showed on Monday, as investors favored higher-yielding assets, despite global stock and bond market volatility late in the year. Total 2018 sales of American Eagle gold coins sold by the U.S. Mint reached 245,500 ounces, the lowest on a year-over-year basis since 2007. Click here to read full stories.

Jan 02 - Rio Tinto, Mongolia sign power deal for Oyu Tolgoi copper mine

Rio Tinto and Mongolia have signed a deal for the supply of power to the miner's giant copper mine extension at Oyu Tolgoi by mid-2023, with both sides saying the framework agreement marked a step forward after a protracted dispute. The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore, but it has faced a series of challenges as Mongolia's fragile government wrangles over how to maximise benefits for the country. Click here to read full stories.

Jan 02 - Blackwater founder launches fund to invest in car battery metals - FT

Erik Prince, who founded the private security company Blackwater, is launching a fund to invest in metals used in electric vehicle batteries, he told the Financial Times. The fund aims to raise up to $500 million and will invest in deposits of metals such as cobalt, copper and lithium, largely in Africa and Asia, he told the newspaper. Click here to read full stories.

Jan 02 - Chile monthly copper output highest in 13 years

Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday. Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since December 2005. Click here to read full stories.

Jan 02 - Cocoa tops 2018 gainers, as growth worries roil metals, crude

Cocoa prices ended 2018 with strong gains, leading generally firmer agricultural markets, but the year marked falls for most major commodities as increasing global economic uncertainty hit metals and oil. Worries about slackening growth in China, the world's second-largest economy, and trade talks between Washington and Beijing will be the main focus in the new year, analysts said, while oil markets fear a growing oversupply. Click here to read full stories.

Jan 02 - LME confirms it will end suspension on Rusal metal if sanctions lifted

The London Metal Exchange (LME) confirmed on Monday it would lift its suspension on aluminium produced by Russia's Rusal if U.S. sanctions are lifted, saying a consultation with users had not raised any objections to the plan. The LME proposed removing its block on Rusal metal on Dec. 19, after the U.S. Treasury's Office of Foreign Assets Control (OFAC) struck a deal with Rusal and two other firms tied to Oleg Deripaska to sever the Russian oligarch's control over them. Click here to read full stories.

Jan 02 - China to restrict imports of scrap steel, aluminium from July

China will restrict imports of scrap steel and aluminium from July 1, the environment ministry said on Saturday. Scrap steel and aluminium would be moved from an unrestricted import list of solid waste products usable as raw materials to a restricted import list, the Ministry of Ecology and Environment said in a statement. Click here to read full stories.

Dec 21 - Biting the bullet, not the dust: Deripaska gives up his aluminium empire 

The U.S. decision to lift sanctions on Russia's Rusal, the world's top aluminium producer outside China, is widely seen as a Christmas present for the company, global consumers of its metal, and the Russian stock market. But its co-owner and founder Oleg Deripaska will have mixed feelings, as the deal means giving up control of his prized aluminium empire and then seeing it return to business as usual while he remains blacklisted alongside drug lords. Click here to read full stories.

Dec 21 - China aluminium producers set to cut another 800,000 T of capacity - Antaike 

China's aluminium producers are set to cut at least another 800,000 tonnes per year of smelting capacity, said analysts from Antaike, the research arm of the China Nonferrous Metals Industry Association, without giving a timeframe. Chinese smelters have so far closed more than 3.2 million tonnes of capacity in 2018, about 80 percent of that in the second-half of the year amid a slump in aluminium prices, the Antaike analysts said in a note posted on the social media platform Wechat on Friday.  Click here to read full stories.

Dec 21 - The year that politics broke the metals cycle: Andy Home 

The two-year rally in industrial metal prices came to an abrupt end at the start of June. The London Metal Exchange Index, a basket of the LME's major base metal contracts, hit a three-year high of 3499.6 in the first week of that month. Prices then imploded over the ensuing weeks and the blood-bath has continued ever since. The Index stood at 2845.5 as of Wednesday's close, back at mid-2017 levels when the rally was just gathering a head of steam. Click here to read full stories.

Dec 21 - Anglo American resumes iron-ore operations at Minas-Rio 

Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure and said it expected an underlying EBITDA loss of $320 million for 2018 as a result of the outage. Provided it receives the necessary permit, Anglo American said it expected operations to ramp up to 1.2 million tonnes of iron ore per month and to produce approximately 16-19 million tonnes of iron ore in 2019. Click here to read full stories.

Dec 21 - Mexico plans no drastic changes to mining sector - official 

The head of Mexico's mining industry said the new government does not seek to implement drastic changes in the sector, cancel concessions or raise royalties that companies pay to extract minerals. At the end of last month, shares of Mexico's main mining companies fell more than 10 percent after the party of new President Andres Manuel Lopez Obrador made a proposal in the Senate that would toughen rules for the sector. Click here to read full stories.

Dec 21 - Copper market in 168,000 tonnes deficit in Sep 2018 - ICSG 

The global world refined copper market showed a 168,000 tonnes deficit in September, compared with a 43,000 tonnes deficit in August, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 9 months of the year, the market was in a 595,000 tonnes deficit compared with a 226,000 tonnes deficit in the same period a year earlier, the ICSG said. Click here to read full stories.

Dec 21 - American Eagle gold, silver coin demand reaches 11-year lows 

In a sign of precious metals demand, sales of U.S. Mint American Eagle gold and silver coins are closing out their weakest year since 2007, as investors favored higher-yielding assets, despite volatility in global stock and bond markets late in the year. Annual sales of U.S. Mint American Eagle gold coins were at 244,500 ounces for 2018 as of Dec. 20, the lowest since 2007, when 198,500 ounces were sold. Silver American Eagle coins sold by the U.S. Mint for 2018 were at 15.56 million ounces, also the lowest in 11 years. Click here to read full stories.

Dec 21 - Turkish steel production, exports seen contracting some 30 pct, industry says 

Turkish steel production and exports are seen falling by some 30 percent in 2019, hit by weak domestic demand, protectionist measures in international markets and an increase in China's steel exports, the head of the steel exporters association said. Turkey, the world's eighth-largest steel producer and tenth-biggest exporter, has been battered by a currency crisis this year that saw the lira plunge more than 47 percent against the dollar and sent inflation to 25 percent. The crisis has knocked economic growth and hit domestic demand. Click here to read full stories.

Dec 20 - Aluminium plunges, Rusal shares soar as U.S. to lift sanctions 

The U.S. Treasury said it will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea. London aluminium prices sank to a 16-month low after the U.S. Treasury's announcement, while shares in Rusal, the world's largest aluminium producer after China's Hongqiao, surged to an eight-month high. Click here to read full stories.

Dec 20 - Codelco agrees 3-year "evergreen" deals with clients in strategy overhaul 

Chilean state miner Codelco has agreed to sell France's Nexans, China's Minmetals and U.S.-based Southwire 50,000 to 100,000 tonnes of copper each from 2019 to 2021 in rolling deals known as "evergreens", sources close to the matter said. The contracts - which roll annually, meaning that from 2020 they would be extended for three years until the end of 2022 and so on, if both parties agree - mark a change in tactics at Codelco, which typically sells copper through annual deals. Click here to read full stories.

Dec 20 - China's aluminium firms to meet to discuss market slump - sources 

Representatives from China's biggest aluminium producers will hold a meeting on Friday in the southern region of Guangxi to discuss slumping demand and falling prices, said three sources familiar with the matter. The producers held a similar gathering in late 2015 and the meeting comes as a protracted price decline leaves smelters struggling to turn a profit, even after significant output cuts. China is the world's biggest producer and consumer of aluminium.  Click here to read full stories.

Dec 20 - Canada expands steel, aluminum tariff exemptions 

Canada said on Wednesday it will exclude some imported steel and aluminum from its newest import tariffs and quotas following a request from the construction industry in British Columbia, which depends on imported metal. The government also said it would give additional relief to some companies that have contractual obligations. In Canada, automakers frequently buy U.S. steel under contract, import and distribute it to their Canadian suppliers as well as their own plants, but it was not immediately clear which companies would be affected. Click here to read full stories.

Dec 20 - Orocobre says lithium carbonate prices slump, does not see recovery soon 

Shares in Orocobre Ltd tumbled on Thursday, dragging on other lithium producers, after it said prices it received for its lithium carbonate sank sharply this quarter, and that it did not see prospects for a strong rebound early next year. Orocobre will receive an average of $10,800 per tonne on approximately 2,850 tonnes of lithium carbonate in the fourth quarter, a drop of 26.5 percent from $14,699 a tonne in the prior quarter. Click here to read full stories.

Dec 20 - Thyssenkrupp to propose Merz as chairwoman as year of turmoil ends 

Thyssenkrupp will propose as chairwoman Martina Merz, whose background includes roles at Volvo, Bosch and Lufthansa, the German company said, as it prepares to spin off its capital goods units. Appointed to its supervisory board last month, Merz, 55, is expected to be confirmed as a member at a shareholder meeting on Feb. 1, Thyssenkrupp said. Once confirmed, she will be proposed as the board's chairwoman. Click here to read full stories.

Dec 20 - Zambia pricing itself out of global mining market -industry body 

Zambia is pricing itself out of the global mining market with proposed increases in mining taxes, the head of the local mining body said on Thursday. Some mines would become loss-making as a result of the Zambian government's plans to impose new mining duties and increase royalties to bring down mounting debt, Zambia Chamber of Mines President Goodwell Mateyo told a news conference. Click here to read full stories.

Dec 20 - Lonmin's biggest mining union tries to block Sibanye deal 

A South African union has filed an appeal to overturn a mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin, Sibanye said on Wednesday. The Association of Mineworkers and Construction Union (AMCU), protesting to job cuts related to the deal, launched an appeal with the Competition Appeals Court. Click here to read full stories.

Dec 20 - Recharge: LG and Samsung take heart as China flags more open car battery market 

For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd, the Chinese market has begun to offer promise after painful loss-making investments. The reason for their hardship: a government list of recommended battery suppliers published three years ago that became linked to generous car subsidies and did not include foreign firms. Since then, Chinese rivals led by Contemporary Amperex Technology (CATL) and BYD Co Ltd have virtually locked up the world's biggest market for electric vehicle batteries. Click here to read full stories.

Dec 20 - U.S. to lift sanctions from aluminium giant Rusal 

The U.S. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea. In April, the U.S. Treasury imposed sanctions on Deripaska, Rusal, En+ and other companies in which he owns stakes, citing "malign activities" by Russia, prompting turmoil in global aluminium markets. Click here to read full stories.

Dec 20 - Trump takes the 2019 outlook for commodities hostage: Russell 

Forecasting the year-ahead outlook for commodities, while popular among analysts, is a bit of a mug's game at the best of times, but the view for 2019 is made even more complicated by one volatile factor: Donald Trump. While there are other drivers of commodity prices next year, the mercurial U.S. president looms large over the sector, and the actions of his administration will either amplify or partially nullify the established trends. Click here to read full stories.

Dec 20 - Noble Group completes $3.5 billion restructuring to emerge as smaller, unlisted firm 

Noble Group, the once mighty commodity trader, on Thursday completed its drawn out $3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business. The completed restructuring effectively closes the saga of Noble's collapse from Asia's biggest commodity trader with a market value of over $6 billion to less than $80 million that began in February 2015 when its accounting practices were questioned by Iceberg Research. Click here to read full stories.

Dec 19 - Glencore’s Katanga pays $22 million to settle Canada regulator probe 

Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo. Johnny Blizzard, chief executive officer of the Toronto-listed company, will resign and leave its board, which includes three new directors, the miner said in a filing on Tuesday. Click here to read full stories.

Dec 19 - Indonesia's Inalum aims to close $3.9 bln Freeport deal this week -CEO 

Indonesian miner PT Inalum said it expects to finalise this week a $3.85 billion deal to take majority control of the local subsidiary of mining giant Freeport McMoRan Inc FCX.N, once environmental and other issues are resolved. The long-anticipated deal will close "hopefully this week", Inalum CEO Budi Gunadi Sadikin told Reuters in an interview on Tuesday, adding that a conclusion within that timeframe was "highly likely". Click here to read full stories.

Dec 19 - Hedge funds give up on indecisive "Doctor" copper: Andy Home 

Fund managers have thrown in the towel on the copper market. The mega long position accumulated on the COMEX copper contract in 2017 is long gone. Click here to read full stories.

Dec 19 - Zinc market deficit narrows to 43,400 tonnes in October - ILZSG 

The global zinc market deficit narrowed to 43,400 tonnes in October from a revised deficit of 46,900 tonnes in September, data from the International Lead and Zinc Study Group (ILZSG) showed on Tuesday. The September data was revised after it gave an initial estimate for a deficit of 54,700 tonnes. Click here to read full stories.

Dec 19 - Australia's Kidman Resources, LG Chem ink lithium hydroxide deal 

Australia's Kidman Resources has signed a preliminary deal to supply lithium hydroxide to LG Chem Ltd of South Korea, Kidman said on Wednesday, as suppliers to the electric vehicle industry rush to secure raw materials for a boom in demand. Kidman will supply 12,000 tonnes of lithium hydroxide a year to the diversified chemicals company for 10 years. A final deal is expected by July 31, the company said in a statement to the Australian bourse. Click here to read full stories.

Dec 19 - Nigeria's first gold refinery plans to triple capacity in five years 

Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday. Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month of gold and one tonne of silver, rising to 10 tonnes a month of gold and three tonnes of silver in five years. Click here to read full stories.

Dec 19 - Australia Federal Court narrows BHP's suits over Samarco disaster 

The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao tailings dam, which stored mining waste at a mined owned by the Samarco joint venture between BHP and Brazilian iron ore mining giant Vale. The disaster killed 19 and spilled about 40 million cubic metres of sludge over communities and into the Rio Doce river and the Atlantic Ocean. Click here to read full stories.

Dec 19 - Portugal sees first lithium licensing tender in 2019, wants refinery 

Portugal expects to launch a tender for lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay. In September, Joao Galamba's predecessor Jorge Seguro Sanches said he wanted to launch the tender before the end of 2018 as part of a plan to make Portugal Europe's top supplier of the metal for electric car batteries and meet an expected surge in global demand for lithium. Click here to read full stories.

Dec 18 - Australia Federal Court narrows BHP's suits over Samarco disaster 

The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao tailings dam, which stored mining waste at a mined owned by the Samarco joint venture between BHP and Brazilian iron ore mining giant Vale.  Click here to read full stories.

Dec 18 - China's HBIS to invest in $4.4 bln steel project in Philippines 

HBIS Group, China's second-biggest steelmaker, has signed a memorandum of understanding on a $4.4 billion project in the Philippines that will eventually produce 8 million tonnes of steel per year, according to Chinese state media reports and a statement from the Philippines. The so-called Philippine Iron and Steel Project will be the Southeast Asian country's first integrated steel complex and represents the biggest industrial investment from China in the Philippines to date, a Dec. 14 statement from the Philippine Department of Trade and Industry said. Click here to read full stories.

Dec 18 - Thyssenkrupp steel boss Goss to lead joint venture with Tata Steel 

Germany's Thyssenkrupp and India's Tata Steel on Monday named the top management of their planned European joint venture, ending months of uncertainty over who will join the entity's leadership. Andreas Goss, the head of Thyssenkrupp's steel division, will become the chief executive of the entity, which will be Europe's second-largest steelmaker after ArcelorMittal. Click here to read full stories.

Dec 18 - China Nov lead output at highest on record - stats bureau 

China's lead output in November rose by 18.3 pct year on year to 484,000 tonnes, National Bureau of Statistics data showed on Monday. The figure is the highest monthly total in records going back to 1995, although the bureau typically does not provide individual numbers for January and February output due to the impact of Chinese New Year. Click here to read full stories.

Dec 18 - Canadian regulator to consider Katanga settlement proposal Tuesday 

A Canadian regulator will consider on Tuesday whether to accept a proposal from Katanga Mining Limited to settle allegations related to the Glencore-controlled company's activities in Democratic Republic of Congo. Katanga said in a statement on Monday it could not give details of the proposal until after the hearing, at which the Ontario Securities Commission (OSC) will consider whether a global settlement with Canadian-listed Katanga is in the public interest. Click here to read full stories.

Dec 18 - Global nickel market deficit widens in October - INSG 

The global nickel market deficit widened to 19,600 tonnes in October from the previous month's revised deficit of 9,000 tonnes, the International Nickel Study Group (INSG) said. During the first 10 months of the year the deficit widened to 118,700 tonnes from 86,500 tonnes in the same period of 2017, the INSG data showed. Click here to read full stories.

Dec 18 - India miner NMDC challenges state demand for higher iron ore revenue 

India's biggest iron ore miner NMDC Ltd on Monday sued the southern state of Karnataka to block demands for a bigger share of revenue from the sale of iron ore from a local mine, said a senior state-level official. Rajender Kataria, the state's mining secretary, told Reuters on Monday a court will hear the matter on Jan. 10. Click here to read full stories.

Dec 18 - Newcrest raises stake in Ecuador copper-gold developer SolGold 

Australian gold miner Newcrest Mining Ltd has raised its holdings in Ecuador gold and copper developer SolGold Plc, nudging further ahead of the company's second biggest investor BHP Group. Newcrest International Pty paid 11.148 million pounds ($14.06 million) for 27.87 million shares of SolGold at 0.40 pound per share, a premium of 12.8 percent. That raised its stake to 15.33 percent from 13.83 percent, Newcrest said in a filing to the London bourse, further ahead of BHP's 11.1 percent holding. Click here to read full stories.

Dec 18 - Russia's NLMK appoints new head of trading 

Russia's largest steelmaker NLMK said on Monday it had appointed Elena Lobodina as head of its trading department which manages NLMK's exports. Prior to joining NLMK, Lobodina was general manager at Gazprom's marketing and trading department, where she was responsible for business development. Click here to read full stories.

Dec 18 - Dutch start-up Lithium Werks considering European battery plant 

Dutch start-up Lithium Werks BV is considering Poland and other European countries for a storage battery plant alongside the 1.6 billion euro ($1.8 billion) one it plans to build in China, founder Kees Koolen told Reuters on Monday. Energy storage is becoming increasingly important as the use of intermittent renewable sources of power grows. Combining wind, solar and battery technology would bring down cost of renewable energy and help power grids balance supply and demand. Click here to read full stories.

Dec 17 - China's outcast steel machines find unwelcome home in Southeast Asia 

China banned induction furnaces last year in a crackdown on polluting producers of low-quality steel, but these machines have made their way to parts of Southeast Asia, hitting domestic steelmakers and fueling safety and environmental concerns. The Philippines and Indonesia have seen an influx of these furnaces since China prohibited their use for steelmaking in June 2017, eliminating 140 million tonnes of capacity - or just over the combined output of the United States and Germany. 

Dec 17 - Australia's Fortescue expects to produce 5-10 mln T of new mid-grade iron ore in 2019 

Australia's Fortescue Metals Group on Monday announced the first shipment of its new mid-grade iron ore and said it expected to produce 5-10 million tonnes of the commodity next year. The shipment of 60.1-percent West Pilbara Fines iron ore went to customers in China, but Fortescue did not disclose volumes. 

Dec 17 - China steel prices tick up on winter curbs, stimulus hopes: Russell 

China's steel and iron ore prices have started to climb in response to winter production curbs, but recent gains are far from suggestive of a rosy outlook for the sector. The catalyst for the rebound in prices would appear to be signs that the authorities in steel-making centres are starting to clamp down harder on air pollution, after earlier indications that this winter's output curbs wouldn't be as severe as those for the previous cold season. 

Dec 17 - Indian court clears way for reopening Vedanta copper smelter, state govt to appeal 

An Indian environment court set aside on Saturday the Tamil Nadu state government's order to close Vedanta's copper smelter plant permanently, taking the company closer to reopening its facility in southern India. The green court's decision came months after the smelter was ordered shut by Tamil Nadu over alleged pollution that led to violent protests in May, which culminated in police opening fire on demonstrators and killing 13. 

Dec 17 - Albemarle closes $1.15 bln deal for Australian lithium joint venture 

Albemarle Corp said on Friday it had finalized an agreement to form a lithium joint venture with Australia's Mineral Resource Ltd for $1.15 billion. The deal, announced last month, will give U.S.-based Albemarle a 50 percent stake in Mineral Resource's Wodgina lithium project in Western Australia which exports unrefined hard rock ore. 

Dec 17 - Colombia tribunal suspends awarding of mining licenses, gov't to appeal 

A Colombian tribunal ordered the government on Friday to suspend the awarding of mining licenses until it establishes protected areas, while the mines and energy ministry said it would appeal against the decision. The ruling by a tribunal in Cundinamarca province is the latest headache for miners in Colombia, where a series of referendums to ban mining led to the closure of at least one major project. The constitutional court then said the votes could not stop projects. 

Dec 17 - Thyssenkrupp fills key management posts after year of turmoil 

Thyssenkrupp moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw the resignation of the conglomerate's top leadership. The German steel-to-elevators group said it would propose Johannes Dietsch, finance chief of pharmaceuticals group Bayer until May, as chief financial officer from February 2019 with a three-year contract. 

Dec 17 - Shares of Qatar Aluminium surge above IPO price on debut 

Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 percent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar's biggest equity listing this year. State-owned Qatar Petroleum sold 49 percent of its shares in its subsidiary Qatar Aluminium Manufacturing Co in late October in a deal that raised roughly $758 million. 

Dec 17 - Tokyo Steel to hold Jan prices steady amid weaker overseas market 

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it will hold steel product prices steady in January amid a weaker overseas market. The company raised prices for its heavy plates in December by 2.5 percent to reflect tight market conditions, but kept prices unchanged for other products, including its main one, H-shaped beams.  

Dec 17 - Speculators switch to a net long position in Comex gold - CFTC 

Hedge funds and money managers switched to a net long position in Comex gold in the week to Dec. 11, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also cut a net short position in silver contracts and switched to a net short position in copper contracts in the week, the data showed. 

Dec 17 - Canada's Imperial Metals hires BMO to speed up restructuring -sources 

Canadian copper producer Imperial Metals has hired Bank of Montreal(BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with the matter said. Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this year set up a special committee to identify strategic alternatives including joint ventures and a total or partial sale of the business. 

Dec 17 - First Quantum Minerals to cut over 1,000 jobs at Zambia mine 

Canada's First Quantum Minerals plans to lay off more than 1,000 workers at Zambia's Kalumbila copper-nickel mine when the government hikes taxes in January, the minister of labour said on Saturday. Labour Minister Joyce Simukoko told Reuters that the management at Kalumbila mine wrote to her office last week informing her of the planned job cuts.

Dec 14 - Chinese battery firm halts purchases of cobalt from Glencore - sources 

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52,800 tonnes of cobalt from mining and trading giant Glencore between 2018 and 2020, without revealing the price. Click here to read full stories.

Dec 14 - China's aluminium output rebounds in Nov, defies weak prices 

China's primary aluminium output rebounded in November after three straight months of decline, defying a fall in prices for the metal used in everything from construction to making cars. Analysts were surprised by the climb, which came as smelters apparently ramped up output ahead of winter production curbs that kicked in around the middle of the month. Click here to read full stories.

Dec 14 - Smog and a hard place: China regions caught between economic woes and pollution war 

Amid a slowing economy and a slew of mixed signals from the environment ministry, China's embattled local governments are facing a dilemma: do they go all out to curb smog this winter, or do their best to keep factories humming? China has promised to put an end to a "growth at all costs" economic model, which has blackened its skies and contaminated large stretches of its water and soil. The government just embarked on another winter campaign against polluters in a dozen smog-prone provinces and regions. Click here to read full stories.

Dec 14 - China Nov steel output hits 7-mth low on plunging profits, winter curbs 

China's crude steel output dropped to its lowest in seven months in November, government data showed on Friday, hit by shrinking profit-margins at mills and winter restrictions on emissions. The world's top steelmaker produced 77.62 million tonnes of steel last month, down from a record 82.55 million tonnes in October and the weakest level since April, data from the National Bureau of Statistics (NBS) showed on Friday. Click here to read full stories.

Dec 14 - Codelco says Chuquicamata mine operating normally despite protests 

Chile's Codelco's said its sprawling Chuquicamata copper mine was operating normally after workers blocked access to the mine overnight Thursday. Unions at Chuquicamata, the state miner's second largest by output, have protested for months over plans to transform the century-old open pit into an underground mine, a key facet of Codelco's $39 billion, 10-year drive to update its aging deposits. Click here to read full stories.

Dec 14 - Paulson's success at Detour Gold could serve as 'template' for future activism 

Billionaire hedge fund manager John Paulson's success in ousting the bulk of Detour Gold Corp's board could serve as a "template" for an expected increase in shareholder activism in the gold sector, institutional investors said on Thursday. The Canadian mining company's shareholders voted for five board nominees backed by Paulson & Co at a special meeting on Thursday, and Detour's interim chief executive officer and the chairman were not re-elected to the nine-member board. Click here to read full stories.

Dec 14 - China aluminium smelter shuts 250,000 T capacity, eyes Sichuan move 

Chinese aluminium producer Henan Zhongfu Industrial has closed a 250,000-tonne-per-year smelting subsidiary and plans to transfer the capacity to southwest China's Sichuan province, a company official said on Thursday. Aluminium smelters in China, the world's biggest producer of the metal, are struggling to make money at current Shanghai aluminium prices, which are languishing near two-year lows, resulting in significant output cutbacks. Click here to read full stories.

Dec 14 - Cuba sees nickel output topping 50,000 tonnes 

Cuba's nickel plus cobalt sulfide production will top 50,000 tonnes this year and earnings are up over 2017, the head of the country’s state monopoly Cubaniquel was quoted by local media as stating on Wednesday. Nickel is one of the cash-strapped Communist-run country’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices. Click here to read full stories.

Dec 14 - Zimbabwe mining minister invites De Beers, Vast Resources to return 

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment. Click here to read full stories.

Dec 14 - Thyssenkrupp proposes former Bayer finance chief as CFO 

Thyssenkrupp on Friday said it would propose to appoint former Bayer finance chief Johannes Dietsch as chief financial officer, continuing to fill numerous vacant jobs that have been left unfilled following months of crisis. Thyssenkrupp is undergoing one of its largest ever restructuring processes, which involves the spin-off of its capital goods businesses, capping a tumultuous summer that caused the group's CEO and chairman to resign. Click here to read full stories.

Dec 13 - Australian rail workers plan strikes that could hit key coal haulage tracks 

Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region. Miners including BHP Billiton, Glencore, Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port. Click here to read full stories.

Dec 13 - Germany secures access to vast lithium deposit in Bolivia 

Germany and Bolivia on Wednesday sealed a partnership for the industrial use of lithium, a key raw material for battery cell production, in an important step to become less dependent on Asian market leaders in the dawning age of electric cars. Interest in battery metals such as cobalt, nickel and lithium is soaring as the auto industry scrambles to build more electric cars and cut noxious fumes from vehicles powered by fossil fuels in light of stricter emission rules. Click here to read full stories.

Dec 13 - BHP calls off $320 million deal to sell Chile's Cerro Colorado 

BHP said on Wednesday a deal to sell its Cerro Colorado copper mine in Chile to private equity fund EMR Capital had been called off because of problems with financing. The Anglo-Australian company, the world's biggest listed miner, said in June it had agreed to sell the mine in a cash deal worth as much as $320 million, depending on copper price performance. Cerro Colorado is one of three mines operated by BHP in Chile. Click here to read full stories.

Dec 13 - Barrick, Tanzania make progress in tax row, no deal yet - source 

Barrick Gold Corp has made progress in talks with the Tanzanian government to resolve a nearly 2-year-long tax dispute, but it is premature to say a deal has been reached, a person familiar in the matter told Reuters on Wednesday. Government officials met last week with executives from Toronto-based Barrick and Randgold Resources Ltd, which Barrick is acquiring, to discuss the issue, said the source, who declined to be identified due to the sensitivity of the talks. Click here to read full stories.

Dec 13 - Incoming Thyssenkrupp board member Merz favourite for chairwoman - sources 

Incoming Thyssenkrupp supervisory board member Martina Merz has emerged as favourite to become head of the steel-to-submarines conglomerate's supervisory board, three people familiar with the matter told Reuters on Wednesday. A proposal by the supervisory board to appoint Merz as chairwoman could be included in the invitation to the company's Feb. 1 annual general meeting (AGM), which will be sent out next week, the people said. Click here to read full stories.

Dec 13 - Amplats expects 20 pct jump in full-year earnings 

Anglo American Platinum on Thursday said it expects a 20 percent increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance. Last year the world's largest platinum producer reported headline earnings of 3.9 billion rand ($277 million), or headline earnings per share of 1,482 cents. Click here to read full stories.

Dec 13 - Gold production resumes at Randgold's Loulo mine in Mali 

Production at Randgold's Loulo gold mine in Mali resumed on Wednesday after a week-long outage over a pay dispute, the head of the union said, warning of possible further industrial action. The head of the industry and mines union SECNAMI, Bani Sacko, told Reuters workers had returned to work after mediation talks on Tuesday night. Click here to read full stories.

Dec 13 - Gold Fields to restart South African gold production as workers return 

Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next year. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce. Click here to read full stories.

Dec 13 - Greece seeks to avert nickel producer Larco shutdown 

Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country's energy ministry said on Wednesday. Larco, which is 55 percent owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp. (PPC), also a minority shareholder in the company. Click here to read full stories.

Dec 13 - Company walks fine line to revive Colombia emerald mine 

A tiny company is trying to breathe new life into a fabled, four-century-old Colombian emerald mine without triggering unrest among wary locals who fear being shut out of the tunnels where they hunt for gems and make a meager living. Fura Gems, the first listed emerald miner to operate in Colombia, has $10 million invested to date. The company, based in Dubai and listed in Canada, faces a community relations test as it tries to rehabilitate Coscuez, the country's top producer until sometime after 1998, as declining investment and outdated mining methods eroded output. Click here to read full stories.

 Dec 12 - Australia plans deal with U.S. on 'critical minerals', hopes to boost its exports 

Australia is this week set to sign a preliminary deal with the United States to support joint research and development of minerals deemed critical to the U.S. economy, a government minister said on Wednesday. That comes as Washington is looking to diversify its sources of supply for 35 minerals used in smartphones, computers and military equipment amid a festering trade war with China. Click here to read full stories.

Dec 12 - Anglo forecasts copper, diamonds and platinum to lift output 

Anglo American said on Tuesday its overall production will rise by more than previously expected between 2018 and 2021, while this year's costs are forecast to be lower. Anglo said in an update to investors and analysts that 2018 production will be 2 percent higher than its previous forecast, driven by increases in copper, diamonds and platinum group metals, while costs will be 5 percent below earlier guidance. Click here to read full stories.

Dec 12 - U.S. tariffs fail to dent Chinese aluminium export surge: Andy Home 

The U.S. International Trade Commission has just slapped anti-dumping duties on imports of Chinese common aluminium alloy sheet.  It's another brick in the trade wall being erected by the Trump administration as it seeks to insulate domestic manufacturers from the flood of what it deems unfairly subsidised Chinese products. Click here to read full stories.

Dec 12 - EU demand for construction steel still well below pre-crisis levels - ArcelorMittal 

Europe's demand for construction steel is down nearly 20 percent versus its pre-financial crisis peak, with the market still battling excess capacity, ArcelorMittal, the world's biggest steelmaker, said on Tuesday. EU steel prices have recovered sharply since hitting decade lows in late 2015, but investors are growing concerned that the sector will struggle if China's economy slows further as the trade dispute between the United States and China drags on. Click here to read full stories.

Dec 12 - Vale buys innovator New Steel for $500 mln 

Brazilian miner Vale SA, the world's biggest iron ore and nickel producer, said on Tuesday it had agreed with Hankoe FIP investment fund to buy innovation company New Steel for $500 million. New Steel develops innovative technology to process iron ore and currently owns patents in 56 countries for its dry processing method known as Fines Dry Magnetic Separation or FDMS, it said. Click here to read full stories.

Dec 12 - Zambia's chamber of mines sees 21,000 job cuts due to higher taxes 

Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.  Click here to read full stories.

Dec 12 - Botswana’s Mowana copper mine suspends operations over working capital 

Mowana Mine, Botswana's only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday. Mowana had a conditional $4 million working capital facility from Fujax Minerals and Energy Limited, from which it had drawn down $1 million. Click here to read full stories.

Dec 12 - One killed in Venezuela illegal mining clash - defense minister 

A member of Venezuela's Pemon indigenous group was killed during a "confrontation" last Saturday with security forces attempting to dislodge an illegal gold mine in southern Bolivar state, Defense Minister Vladimir Padrino said on Tuesday. It was the latest in a string of violent incidents in the remote jungles of the once-booming OPEC nation, where people are increasingly taking to informal gold mining as the country's socialist economy unravels and hyperinflation leaves millions struggling to afford basic food items. Click here to read full stories.

Dec 11 - Rio Tinto partner says yet to make big copper find at Western Australia site 

Exploration by Rio Tinto at one of its sites in a part of Western Australia that has been touted as potentially rich in copper has so far failed to find any economically viable veins of ore, the miner's partner in the project said on Tuesday. Antipa Minerals lodged a series of exploration updates with the Australian Securities Exchange on Tuesday including one covering its Citadel project with Rio in the state's Paterson province. Click here to read full stories.

Dec 11 - Speculators cut net short positions in COMEX gold, silver -U.S. CFTC 

Hedge funds and money managers trimmed their net short positions in Comex gold and silver contracts in the week to Dec. 4, the U.S. Commodity Futures Trading Commission (CFTC) said on Monday. They also cut a net long position in copper contracts in the week, the data showed. Speculators cut their net short position in gold by 50,289 contracts to 1,539 contracts, CFTC data showed. Click here to read full stories.

Dec 11 - Aurubis ups dividend, expects fall in earnings this year 

Aurubis AG, Europe's biggest copper producer, on Tuesday proposed a higher dividend for the financial year it has just completed while confirming a fall in quarterly operating profit and a reduced earnings outlook for the new year. The company proposed a 2017/18 dividend of 1.55 euros per share, up from 1.45 euros in the previous year. Click here to read full stories.

Dec 11 - China's commodity import volume surge tells a different tale to slack value growth: Russell 

The prevailing market narrative after China's overall November trade data was that the world's second-biggest economy is softening and starting to show the strains of the trade dispute with the United States. After all, both imports and exports undershot forecasts for the month. But while there is nothing inherently incorrect in such commentary, one factor that may not be getting as much attention as it should - the lower-than-anticipated growth in imports may be largely related to weaker commodity prices. Click here to read full stories.

Dec 11 - Oil margin pressure takes shine off Trafigura's annual profits 

Global commodity trader Trafigura Group reported its lowest annual net profit in eight years on Monday as a drop in oil trading margins offset a strong performance by its metals and minerals division. Traded volumes at its metals division increased by 37 percent in the financial year that ended on Sept. 30, mainly in coal, which had a "surprisingly strong" year, the company said. Click here to read full stories.

Dec 11 - Polyus: half-completed drilling at giant gold deposit shows rosy prospects 

Polyus, Russia's largest gold producer, has completed half of its drilling programme at the giant Sukhoi Log gold deposit in eastern Siberia and it is showing "promising results", its Chief Executive Pavel Grachev said. Grachev also told Reuters in an interview the company aimed at a full ramp-up of production at its new Natalka gold deposit in Russia's far east in December or in early 2019. Click here to read full stories.

Dec 11 - Congo's Gecamines to boost stake in Boss Mining JV to 49 pct 

Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country. Click here to read full stories.

Dec 11 - India's green court to issue judgment on Vedanta smelter next week 

India's environmental court on Monday said it will issue its judgment in one week on whether to allow Vedanta Ltd to re-open its copper smelter, which was closed earlier this year after 13 people died when police fired on protesters. A panel of experts set up by India's National Green Tribunal, informally known as the environmental court, in November said authorities in Tamil Nadu state failed to comply with procedures before shutting down the smelter. Click here to read full stories.

Dec 11 - Chile Jan-Oct copper production up 6 pct on Escondida rebound - Cochilco 

Chilean copper production rose by 6 percent between January and October compared to the same period last year, reaching 4.74 million tonnes, according to the country's copper commission Cochilco. The rise was attributed to the stronger performance of BHP's Escondida copper mine, the world's largest, which this year produced 95,900 tonnes of the red metal, an increase of 47 percent due to a strike in the year-ago period. Click here to read full stories.

Dec 11 - Voestalpine CEO hints at lower dividend for 2018/19 

Austria's specialty steelmaker Voestalpine may pay a lower dividend for its 2018/19 business year than the year before as declining demand from the car industry will weigh on full-year profit, its chief executive said on Monday. The company warned in October that its 2018/19 operating profit (EBIT) will come in just under 1 billion euros ($1.14 billion) instead of reaching last year's 1.18 billion euros as initially targeted. Click here to read full stories.

Dec 11 - Qingdao metals scandal accused handed 23-year jail term 

The man at the centre of the 2014 Qingdao metal warehousing scandal in China was sentenced to 23 years in prison on Monday and his company, Dezheng Resources, ordered to pay a 3.012 billion yuan ($438.22 million) fine. The verdict brings an end to a four-year probe into the firm, which was accused of duplicating warehouse certificates to pledge metal as collateral for multiple bank loans, in a scandal which rocked the metals industry and underlined the risks faced by banks and trading houses storing commodities in China. Click here to read full stories.

Dec 11 - Ivory Coast aims to double gold output by 2025 

Ivory Coast plans to double gold production by 2025, its vice president said on Monday, as the west African country strives to revive its long-neglected mining sector. Ivory Coast, the world's top cocoa producer, is seeking to diversify revenues by increasing gold output from 25 tonnes last year to 50 tonnes between 2020 and 2025, said Daniel Kablan Duncan at the opening of an ECOWAS meeting on mining and petroleum in the commercial capital Abidjan. Click here to read full stories.

Dec 10 - With steel waste in crosshairs, China extends its war on pollution 

China's self-styled war on pollution is extending to a new front: the solid waste that makes up thousands of slag heaps around the country, a byproduct of its record steel output. Beijing has been fighting to clean up the nation after years of breakneck economic growth took their toll on the environment, with its massive steel sector bearing the brunt of its vigorous campaign. Click here to read full stories.

Dec 10 - U.S. locks in duties on Chinese aluminum sheet imports 

The U.S. International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminum sheet products from China, a finding that locks in duties on the products. The ITC determination means that duties ranging from 96.3 percent to 176.2 percent previously announced by the U.S. Commerce Department would be put in place for five years. Click here to read full stories.

Dec 10 - China's 2018 crude steel output to hit record level - govt research body 

China's 2018 crude steel output is expected to set an annual record of 923 million tonnes before slipping back to 900 million tonnes next year, a government consultancy said on Monday. Output in the world's top steel producer jumped this year from 831.73 million tonnes in 2017, with major mills boosting production to fill a gap after Beijing shut down low-grade steel capacity that had not previously been included in official data, said Li Xinchuang, president at the China Metallurgical Industry Planning and Research Institute. Click here to read full stories.

Dec 10 - Tesla lithium supplier Kidman settles ownership row over Australian mine 

Kidman Resources, a supplier of lithium to U.S. electric car maker Tesla said on Monday it had settled a court dispute that could have derailed joint development of a mine in Western Australian with Chile's SQM. In a statement announcing the settlement, Kidman did not specify terms. Court documents show the settlement was reached with private company Phoenix Rise and Jeffrey Hull, a retired geologist. Click here to read full stories.

Dec 10 - China's Tianqi says stake in Chile lithium miner SQM good for both firms 

The chief executive of China's Tianqi Lithium Corp said she believes investing in Chile's lithium miner SQM will bring "long-term benefits" for both companies, despite strict conditions set for its involvement by local anti-trust regulators. Vivian Wu told Chilean newspaper La Tercera on Sunday that Tianqi was looking at other potential investments in Chile as part of its aim to "solidify" its position in the new energy resources market. Click here to read full stories.

Dec 10 - Thyssenkrupp, Tata Steel near decision on steel JV board - sources 

Germany's Thyssenkrupp and India's Tata Steel are close to deciding who will lead their planned European steel joint venture, four people familiar with the matter said on Friday. Settling on the venture's leadership has been delayed by a strategy crisis and change of CEO at the German industrial conglomerate, which has said it would split into two companies. Click here to read full stories.

Dec 10 - Vale doubles down on nickel ahead of EV revolution: Andy Home 

Vale, the Brazilian mining giant built on supplying the world's steel mills with iron ore, is now betting on the electric vehicle (EV) revolution to turn its nickel division around.  "We believe in this revolution to come," Chief Executive Fabio Schvartsman told analysts at the company's investor day presentation in New York this week. Click here to read full stories.

Dec 10 - Russia seeks to speed up cutting VAT on gold - deputy finance minister 

Russia's finance ministry is seeking to speed up cutting VAT on investments in gold in part to support a Russian gold refiner which has been struggling after it was hit by U.S. sanctions, Deputy Finance Minister Alexei Moiseev told Reuters. The ministry said earlier this year it would propose cutting VAT on gold, and it is awaiting approval by the government on the issue which has been a matter of debate among Russian officials for years. Click here to read full stories.

Dec 10 - China November iron ore imports fall on poor steel margins 

China's iron ore imports fell for a second month in November, customs data showed on Saturday, pulled down by waning restocking demand at steel mills as profit margins narrow. The world's top steel producer brought in 86.25 million tonnes of iron ore last month, down 2.4 percent from 88.4 million tonnes in October and down 8.8 percent from 94.54 million tonnes a year earlier, data from the General Administration of Customs showed. Click here to read full stories.

Dec 10 - GFG Alliance to build 10 mln tpy steel plant in South Australia 

GFG Alliance said on Monday it would build a 10 million tonne-per-year (tpy) steel plant in the state of South Australia that would likely be funded in part by government subsidies. The new mill, relying on infrastructure from a bankrupt plant in the town of Whyalla, will focus on the production of steel slab, blooms and billets for export, and will provide "thousands of jobs," GFG Alliance said in a statement. Click here to read full stories.

Dec 10 - Gold output on hold at Randgold's Loulo mine over pay dispute - union 

Production at Randgold's Loulo gold mine in Mali has been on hold since Wednesday due to a dispute over pay, the head of the industry and mines union SECNAMI told Reuters. Workers went on strike at the Loulo-Gounkoto mining complex in April over bonus payments, but the standoff was resolved within a day. Click here to read full stories.

Dec 07 - Venezuela signs oil, gold investment deals with Russia - Maduro 

Venezuela has signed deals securing investment from Russia in the South American country's oil and gold sectors, President Nicolas Maduro said on Thursday at the end of a three-day trip to Moscow. "We have signed contracts to guarantee investments of more than $5 billion with our Russian partners in joint ventures to raise oil production," Maduro said in a video posted on his Twitter account. Click here to read full stories.

Dec 07 - Malaysian uncertainties complicate Aussie miner Lynas' growth plans 

Uncertainties surrounding Australian rare earths miner Lynas Corporation Ltd's future in Malaysia have hampered efforts to plan expansion, its chief executive said. Amanda Lacaze said Lynas has been weighing options to grow its business, which would likely mean expanding beyond its current processing facility in Malaysia. Click here to read full stories.

Dec 07 - Newmont says 2019 gold production at mid-point of previous outlook 

Newmont Mining Corp on Thursday updated its five-year production outlook and saidit expects gold production for 2019 to be in the midpoint of its previous forecast. The Colorado-based miner sees 2019 output at 5.2 million ounces of gold, from an earlier forecast range of 4.9 million ounces to 5.4 million ounces. Click here to read full stories.

Dec 07 - Gold-backed ETFs up on stock volatility in November 

Gold-backed exchange-traded funds (ETFs) registered inflows in all the world's major regions in November, as volatile stock markets fueled flight-to-safety buying, the World Gold Council said on Thursday. North American funds had inflows of $352.7 million while European funds posted inflows of $371.9 million last month, according to figures provided by the Council. It was the second consecutive month of net inflows for global gold-backed ETFs, as the price of gold rose 0.6 percent. Click here to read full stories.

Dec 07 - Vale says recent dip in global steel prices is temporary 

Brazil's Vale, the world's largest iron ore miner, said on Thursday a recent dip in global steel prices is temporary due to overproduction in China ahead of winter output cuts. Vale Chief Executive Fabio Schvartsman told investors in London that global capacity utilisation in the steel sector has risen to 76 percent this year from 73 percent last year, indicating excess capacity in the sector is shrinking, giving steelmakers pricing power. Click here to read full stories.

Dec 07 - EU's largest coking coal producer seeks growth through acquisitions 

The European Union's largest coking coal producer JSW could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million tonnes by 2030 from roughly 15 million now. Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice, around 50 kilometres from JSW's Silesian offices at Jastrzebie-Zdroj.  Click here to read full stories.

Dec 07 - Indian court expected to reopen Vedanta copper smelter but appeal likely - sources 

An Indian court is expected on Friday to follow an experts' panel recommendation and order the reopening of a copper smelter closed after 13 people died when police fired on environmental protesters in May, two sources familiar with the matter said. However, the Vedanta Ltd plant in southern India is unlikely to resume production anytime soon because the Tamil Nadu state government will likely appeal to India's Supreme Court, the sources said. Click here to read full stories.

Dec 07 - Brazil to auction 20,000 mining areas in first half 2019 - agency chief 

Brazil plans to auction off roughly 20,000 areas for mining exploration in the first half of 2019, Victor Bicca, the head of the National Mining Agency (ANM), said on Thursday. The exploration rights for the areas were taken back by the government after existing permitting processes there were stalled or abandoned and are equivalent to roughly 10 percent of the areas with mining permits pending. Click here to read full stories.

Dec 07 - U.S. finalizes duties on certain steel pipe from China, India 

The U.S. International Trade Commission on Thursday said it had determined that American producers were being harmed by imports of certain large-diameter welded steel pipe from China and India, a finding that locks in duties on those products for five years. Last month, the Commerce Department said the imports were being unfairly subsidized and dumped in the U.S. market, and it announced duties to protect domestic producers. Click here to read full stories.

Dec 07 - Barrick Gold to sell assets, reduce head-office management - WSJ 

Barrick Gold Corp will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The gold miner expects to close its Randgold Resources Ltd purchase Jan. 1, and incoming CEO Mark Bristow has said he plans to sell a variety of noncore core assets, cut costs and shrink head-office management to help delegate more authority to regional mining operations, according to the WSJ report. Click here to read full stories.

Dec 07 - Chile's Codelco agrees contract with Gabriela Mistral mine workers 

Chile's state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile. The 36-month contract included a signing bonus of 4.2 million pesos ($6,216.63) and a 2 million peso ($2,960.30) premium paid to workers for agreeing to the early negotiation, Codelco, the world's No. 1 copper producer, said in a statement. Click here to read full stories.

Dec 06 - Palladium outshines gold for first time in 16 years 

Palladium is more valuable than gold for the first time since 2002, with prices soaring by around 50 percent in less than four months to record levels -- just as gold failed to capitalise on some seemingly bullish scenarios. A sustained supply deficit coupled with robust demand and rising interest from speculators have pushed prices of palladium - used mainly in emissions-reducing catalysts for vehicles - from around $832 an ounce in mid-August to a high of $1,263.56 per ounce on Wednesday. Click here to read full stories.

Dec 06 - Albemarle pushes Chile to reverse lithium quota decision - filings 

Albemarle Corp has launched an aggressive lobbying campaign after Chilean regulators denied its request to boost lithium output, stressing the company's importance to Chile's economy and workers, according to records reviewed by Reuters. The behind-the-scenes moves come even as Albemarle has publicly brushed off worries from analysts and investors about rising regulatory pressure in Chile, home to the world's largest reserves of lithium, a crucial ingredient in electric car batteries and mobile phones. Click here to read full stories.

Dec 06 - Vale to buy mid-sized iron miner Ferrous Resources - filing 

Brazilian miner Vale SA, the world's top nickel producer, is acquiring the control of Ferrous Resources Ltd., its controlling shareholder Icahn Enterprises LP said in a securities filing. Ferrous, which explores iron ore, will merge into a company controlled by Vale, the filing said, and will be valued at $550 million, including debt. The transaction is expected to close next year. Click here to read full stories.

Dec 06 - Miners bear brunt of risk aversion as investors take fright 

A two-year recovery in the mining industry has faltered, as trade tensions between China and the United States and concerns about economic growth weaken commodity prices and deter investment. Institutional investors and fund managers say tighter regulations, namely MiFID, a major reform of European Union financial markets, have limited banks' lending to mining companies and reduced research coverage, giving them fewer tools to carry out due diligence on businesses. Click here to read full stories.

Dec 06 - Vanadium's electric future hobbled by its industrial past: Andy Home 

Last year it was cobalt. The year before that it was lithium.  This year it is vanadium, another esoteric element of the periodic table that is on a wild bull rampage. Vanadium prices in China have more than tripled over the course of 2018, albeit with some recent softening from their early-November peaks. Click here to read full stories.

Dec 06 - China, India pull back from coal imports, hurting prices: Russell 

It's not shaping up as a merry Christmas for coal exporters to Asia as the region's top buyers, China and India, pull back from the recent trend of strong imports. The Chinese authorities appear to be making good on a commitment to try and limit the country's imports of the polluting fuel to levels the same as 2017. Click here to read full stories.

Dec 06 - Glass Lewis, Livermore back Paulson's Detour Gold proxy fight 

Independent proxy adviser Glass Lewis and hedge fund Livermore Partners on Wednesday joined activist investor Paulson & Co's call to make changes to the board of Canadian miner Detour Gold Corp. Glass Lewis recommended replacing Detour Chairman Alex Morrison and two other board members with Paulson nominees, while Livermore affirmed its call for an overhaul of the board. Click here to read full stories.

Dec 06 - Menendez says U.S. sanctions on Russia's Deripaska should remain 

The top Democrat on the Senate Foreign Relations Committee on Wednesday urged the Trump administration not to waive or remove sanctions on Russian oligarch Oleg Deripaska or two companies he controls. In a letter to U.S. Treasury Secretary Steve Mnuchin, Senator Bob Menendez cited unspecified reports that Treasury was considering such a move and noted the department's own analysis says the oligarch is accused of crimes from blackmail to murder. Click here to read full stories.

Dec 06 - Congo mining revenues jump 147 pct in first 9 months of 2018 

Democratic Republic of Congo collected $1.21 billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4 percent over the same period last year, finance ministry data showed. Revenues from the hydrocarbons sector rose 1.4 percent over that same period to $120.11 million, according to the data seen by Reuters on Wednesday. Click here to read full stories.

Dec 06 - Brazil launches new mining regulator in twilight of Temer gov't 

Brazil launched on Wednesday a new mining regulator aimed at cleaning up its slow permitting process, in an 11th-hour victory for outgoing President Michel Temer's reform agenda. The National Mining Agency (ANM) will replace the previous National Department of Mineral Production (DNPM). The agency boasts greater autonomy and funding that the government says will bring efficiency to a slow process of mining licenses. Click here to read full stories.

Dec 05 - Brazil's Vale to pump $500 mln into nickel mine, ends partner quest 

Brazilian miner Vale SA, the world's top nickel producer, plans to invest $500 million in its struggling New Caledonia nickel mine on its own after previously vowing to find a partner for the venture. Vale's decision to invest in the project alone, from 2019 to 2022, reflects the company's new understanding of the importance of an expected surge in electric vehicle (EV) sales, Chief Executive Fabio Schvartsman said on Tuesday. Click here to read full stories.

Dec 05 - BHP gets green light to develop nickel mine in Western Australia 

BHP on Wednesday said it had received approval from the government of Western Australian to develop a nickel mine in the state that will feed its Nickel West battery chemicals business. The Venus deposit is one of the most significant development options for Nickel West as the miner gears up to produce nickel sulphate next year to feed the burgeoning industry for electric vehicle batteries. Click here to read full stories.

Dec 05 - Australia rare earth miner Lynas eyes legal options on Malaysia plant review 

Australian rare earths miner Lynas Corporation said on Wednesday that it would consider legal options after Malaysia added new conditions to licence renewals for its $800 million plant in the country, sending Lynas shares sharply lower. The reaction came after Malaysia's Energy and Environment Ministry said on Tuesday the miner must comply with new conditions regarding waste management, ahead of the expiry of two licences next year, one of which included the export of radioactive residues. Click here to read full stories.

Dec 05 - Teck sells stake in Chile copper project to Sumitomo for $1.2 bln 

Canadian mining company Teck Resources Ltd said on Tuesday it has agreed to sell a 30 percent stake in its Quebrada Blanca copper mine expansion in northern Chile to Japan's Sumitomo for $1.2 billion. Sumitomo Metal Mining and Sumitomo Corporation will pay an $800 million earn-in contribution and $400 million matching contribution, below the $2 billion mark Teck had targeted to help develop the second phase of the mine. Click here to read full stories.

Dec 05 - UK steel sector crippled by power costs as Brexit looms 

British steelmakers pay twice as much for electricity as their French competitors and 50 percent more than their German rivals, an industry report showed on Wednesday, piling pressure on the sector as Britain prepares to leave the European Union. The report, commissioned by industry group UK Steel, shows the disparity between UK electricity prices and those in EU countries has increased for a third consecutive year, crippling energy-intensive sectors such as steel. Click here to read full stories.

Dec 05 - Germany's largest union demands 6 pct pay rise for steel workers 

German trade union IG Metall on Tuesday demanded a 6 percent wage increase for the 72,000 employees in the steel industry in the northwest of the country, firing the opening shot in next year's wage negotiations. IG Metall's influential branch in western state of North Rhine-Westphalia (NRW) is also demanding an annual bonus of 1,800 euros, which workers could opt to convert into additional days off. Click here to read full stories.

Dec 04 - Tianqi buys stake in lithium miner SQM from Nutrien for $4.1 bln 

China's Tianqi Lithium Corp has purchased a 23.77 percent share in Chilean lithium miner SQM from Canadian fertilizer giant Nutrien, the Chilean stock exchange said on Monday, for a total sale price of $4.066 billion. The sale to Tianqi comes as Chinese companies increasingly scour the globe for the raw materials necessary to ramp up Chinese production of electric vehicles. Click here to read full stories.

Dec 04 - China copper premiums slump to 18-month low as demand wanes 

Premiums for imports of copper into China, the world's biggest copper consumer, sank to an 18-month low on Monday in a sign that demand for physical metal is waning after a buying spree. The premiums, paid on top of benchmark three-month London Metal Exchange (LME) prices, fell 10.7 percent from Friday's levels to $62.50 a tonne, the lowest since June 2017. Click here to read full stories.

Dec 04 - Glencore appoints new industrial mining chief, copper marketing head to retire 

Glencore has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year. The London-listed miner said billionaire Mistakidis, who owns a 3.2 percent stake in the company, will be replaced by Nico Paraskevas. Click here to read full stories.

Dec 04 - Canada's construction steel buyers face tariff 'roulette'

Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country's market in the wake of U.S. President Donald Trump's metals tariffs. With steel prices already high, the companies that fabricate steel structures used in major building projects say the import controls, which cover at least 600,000 tonnes of steel, are making it even more difficult to operate because they cannot predict the price of basic materials. Click here to read full stories.

Dec 04 - Congo declares cobalt "strategic", nearly tripling royalty rate 

Democratic Republic of Congo has declared cobalt a "strategic" substance, a government decree showed on Monday, nearly tripling the royalty rate miners will pay on the key component in electric batteries to 10 percent. Prime Minister Bruno Tshibala signed the decree, which is dated Nov. 24, despite fierce opposition from leading investors including Glencore and China Molybdenum, who have lobbied against tax hikes under a new mining code adopted earlier this year. Click here to read full stories.

Dec 04 - Trade war relief for metals, but bull-bear battle rages on: Andy Home 

Is it a ceasefire, a truce or the opening to a lasting peace deal? The jury is very much out on exactly what Presidents Donald Trump and Xi Jinping agreed during their talks at the G20 summit in Buenos Aires. But for industrial metals it's enough. The London Metal Exchange (LME) suite of base metals is today enjoying a relief rally after weeks of bludgeoning from bearish funds. Click here to read full stories.

Dec 04 - Indonesia says two companies can resume nickel ore exports 

Indonesia has granted permission for two commodity companies in the country to restart exports of nickel ore as they have made progress on smelter projects, a government spokesman said on Tuesday. Indonesia grants mineral ore export permits to firms building smelters and reviews their construction progress every six months. Click here to read full stories.

Dec 04 - Malaysia sets licence renewal conditions for rare earths miner Lynas 

Malaysia's Energy and Environment Ministry on Tuesday set conditions for future renewal for rare earths miner Lynas Corp's licences to operate in the country. The ministry said in a statement that Lynas must remove radioactive residues from Malaysia and will need to submit an action plan for non-radioactive waste disposal for future licences or permission renewals. Click here to read full stories.

Dec 04 - Winter is looking a little weird for China's commodities: Russell 

The northern winter usually leads to a demand and price peak for several major commodities in Asia, but this year is bucking the trend for coal, liquefied natural gas (LNG) and iron ore. There doesn't appear to be one single driving narrative causing the break with the usual seasonal patterns, rather a variety of unrelated, or loosely related factors are at work, but with China as a common thread. Click here to read full stories.

Dec 04 - Sudan allows local private sector firms to export gold 

Sudan will allow local private sector firms to export gold, Prime Minister Moataz Moussa said on Monday, relaxing the central bank's grip over exports of the metal as the government tries to shore up the country's struggling economy. The measure is part of efforts to stem smuggling of gold, one of the country's main sources of foreign currency. Click here to read full stories.

Dec 04 - Two Aurubis copper smelters back in operation after repairs 

Aurubis AG, Europe's biggest copper producer, said on Monday two smelters had resumed operations after unscheduled repair shutdowns and a third smelter was expected to resume production this week. Aurubis said on Nov. 26 the Hamburg and Luenen smelters in Germany and the Pirdop plant in Bulgaria had made unscheduled repair shutdowns which meant it would miss analysts’ profit forecasts for its current 2018-2019 financial year. Click here to read full stories.

Dec 04 - Industrialist Sanjeev Gupta buys U.S.-based KCI for $320 million 

British industrialist Sanjeev Gupta's privately owned GFG Alliance has signed a deal to acquire U.S.-based steel wire producer Keystone Consolidated Industries (KSI) for $320 million. The GFG Alliance, whose assets spans industrials group Liberty House and energy group SIMEC, is a growing commodities conglomerate that been snapping up distressed steel, aluminium and energy assets around the world. Click here to read full stories.

Dec 03 - Oil, steel prices surge as U.S., China declare truce in trade war 

Oil prices climbed 5 percent on Monday and steel followed suit, leading a broad-based rally in commodities after the United States and China agreed a 90-day truce in their trade conflict, in a reprieve for the global economy and financial markets. Metals and grains also climbed, with soybeans - a casualty of the U.S.-China trade war - hitting its highest in almost six as investors snapped up risky assets. Gold was steady. Click here to read full stories.

Dec 03 - Mining industry leadership set for changing of the guard 

Titans of the mining industry who have led the industry through myriad storms for decades are set to retire over the next few years, a once-in-a-generation turnover that has sparked a search for fresh talent with far different skills than current executives. Ivan Glasenberg, chief executive of mining giant Glencore Plc since 2002, said last month he would retire over the next three to five years, sparking speculation about which of his industry peers could be next to go. Glasenberg's replacement is expected to be an internal hire, according to a source familiar with the matter. Click here to read full stories.

Dec 03 - Australia's mineral exploration spending hits 5-yr high in Sept qtr 

Australia's spending on mineral exploration extended a recovery in the September quarter to hit its highest level in five years, data from the country's statistics bureau showed on Monday. Exploration spending climbed by 3.6 percent to A$561.4 million ($413.64 million) from the quarter before and soared 25.7 percent from year-ago levels as miners who rode a commodity price recovery sought to renew growth, according to trend data released by the Australian Bureau of Statistics (ABS). Click here to read full stories.

Dec 03 - Perth Mint's Nov gold sales surge; silver sales dip from previous month 

The Perth Mint's sales of gold products surged by nearly 75 percent in November from the previous month, while silver sales fell, the mint said on Monday. Sales of gold coins and minted bars climbed to 64,308 ounces in November, its highest since January 2017. Sales nearly tripled compared with the same month last year, the mint said in a blog post. Click here to read full stories.

Dec 03 - China's Chalco shuts 470,000 T of aluminium capacity as price slump bites 

Aluminum Corp of China Ltd, known as Chalco, is cutting output on some of its aluminium production lines in northern China, it said on Friday, as Chinese aluminium prices sank to a fresh two-year low. China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arrangements, a euphemism for production cuts, it said in a statement to the Shanghai Stock Exchange. Click here to read full stories.

Dec 03 - How cynical should you be about the Trump-Xi deal? Watch commodities: Russell 

Perhaps the most interesting thing to try and calculate after the seeming trade ceasefire between the United States and China is the level of cynicism that will greet the new detente. President Donald Trump and his Chinese counterpart Xi Jinping agreed to halt imposing additional tariffs on each other's imports while they try to reach a deal to end their trade dispute within 90 days. Click here to read full stories.

Dec 03 - Codelco strikes contract deal with workers at Ministro Hales mine 

Chile's state copper miner Codelco said on Saturday it had reached agreement on a new collective labor contract with the union of workers at its Ministro Hales mine in northern Chile. The 36-month contract, which includes a signing bonus of 7 million pesos ($10,423) and a boost to salaries of 1.2 percent, was approved by 53 percent of the union, Codelco said in a statement. Click here to read full stories.

Dec 03 - Speculators raise net short position in COMEX gold - CFTC 

Hedge funds and money managers increased their net short position in Comex gold contracts in the week to Nov. 27, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also trimmed their net short position in silver and cut a net long position in copper contracts in the week, the data showed. Click here to read full stories.

Dec 03 - China's Baowu to launch 20 mln T steel project in coastal region 

China's top steel maker China Baowu Group will launch a 20 million tonne high-class steel production project in a coastal city in eastern China, its listed unit said in a stock exchange filing on Friday. The move comes as the government relocates steel mills to the coast from cities to help reduce the impact of lung-damaging air pollution. Click here to read full stories.

Nov 30 - Exploration drill: Fortescue taps new tech to step up copper hunt across Australia 

Australian miner Fortescue Metals this week said the latest developments in satellite imagery are helping it scour vast swathes of its own backyard for new deposits, seeking an edge as it jostles with global peers for the next big strike. The world's fourth-largest iron ore miner raised its exploration rights in South Australia by a third this year, data compiled from the state government by McMahon Mining Title Services Pty Ltd and reviewed by Reuters show. Click here to read full stories.

Nov 30 - Chile's Codelco copper output, profit falls as costs rise 

Chile's Codelco, the world's largest copper producer, said on Thursday that mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit. The state-run copper miner earned $1.42 billion pretax between January and September as production costs jumped 5 percent to $1.39 from the year-ago period, it said in a statement. Click here to read full stories.

Nov 30 - Return of China trade figures reveals strong metal imports: Andy Home 

China's imports of refined base metals have been running at a robust pace this year, with flows of copper, zinc and nickel up on a year ago and the country on track to be a net importer of lead for a second year running. Six months after the China's customs department stopped publishing detailed monthly reports via companies such as Reuters, some light has returned to what is happening with the world's largest metals buyer. Click here to read full stories.

Nov 30 - Congo plans to audit Glencore unit's cobalt over uranium levels 

The authorities in Democratic Republic of Congo will audit the supply chain for Glencore's Kamoto project next week to determine where small amounts of uranium detected in its cobalt come from, the mines minister said on Thursday. Glencore subsidiary Katanga Mining said on Nov. 6 it had halted cobalt exports from Kamoto in southeastern Congo while it builds a facility to remove excess uranium. It said the facility should be completed by mid-2019.  Click here to read full stories.

Nov 30 - AMT to become first LME ring trader as ferrous liquidity provider 

Broker Amalgamated Metal Trading Ltd has been appointed by the London Metal Exchange as a liquidity provider for its steel contracts, giving a boost to the market as the first ring trader in that role. AMT is one of nine top tier LME members that are allowed to trade in the open outcry ring as well as over the telephone and on the exchange's electronic system, meaning it could theoretically offer deeper liquidity than some peers. Click here to read full stories.

Nov 30 - BMW joins project to improve conditions for cobalt mining in Congo 

German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency. Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries. The world’s largest known reserves of this raw material are found in the Democratic Republic of the Congo. Click here to read full stories.

Nov 30 - EU antitrust regulators to probe steelmaker Aperam's VDM deal 

Luxembourg-based stainless steel producer Aperam's bid for German peer VDM Metals may reduce competition in the supply of nickel alloys, EU antitrust regulators warned on Thursday as they opened a full-scale investigation into the deal. Aperam announced the deal in April, a move intended to reinforce its position in high-end alloys. Both companies are the two largest nickel alloy producers in Europe. Click here to read full stories.

Nov 30 - Lonmin turns first profit in four years ahead of Sibanye takeover 

Lonmin Plc, which is being bought by Sibanye-Stillwater, reported its first annual operating profit in four years as cost cuts by the platinum miner paid off. Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion, which is subject to certain conditions. Click here to read full stories.

Nov 30 - Mitsubishi Materials says Indonesia copper smelter declared force majeure on some deliveries 

Japan's Mitsubishi Materials on Thursday said its Indonesia copper smelting unit, PT Smelting, has declared force majeure on deliveries of products to some customers as maintenance at its plant had been extended. The smelter on Oct. 31 went into maintenance that was scheduled for about 30 days, but that has been extended due to a lack of supply from a neighbouring oxygen plant, said a Mitsubishi Materials spokesman. Click here to read full stories.

Nov 30 - Russia may buy more than 50,000 T of aluminium for state reserves - Manturov 

The Russian government could still buy more than 50,000 tonnes of aluminium for the state reserves and the move will depend on U.S. sanctions against Russian aluminum giant Rusal, Industry and Trade Minister Denis Manturov said on Thursday. A government decree dated Nov. 26 allocated up to 10 billion roubles ($149 million) to buy up to 50,000 tonnes of aluminium for the state reserve to support Rusal. Click here to read full stories.

Nov 29 - Rio Tinto approves $2.6 bln 'intelligent' iron ore mine for Australia 

Rio Tinto, the world's No. 2 iron-ore miner, gave the long-awaited green light for an "intelligent" iron ore mine in Western Australia on Thursday, raising its expected cost by nearly 20 percent from the original plan. Approval for the $2.6 billion Koodaideri mine marks Rio Tinto's biggest investment commitment since 2016, when it signed off on a $5.3 billion underground expansion of the Oyu Tolgoi copper mine in Mongolia. Click here to read full stories.

Nov 29 - Norsk Hydro sees weaker aluminium demand growth in 2019 

Norwegian metals maker Norsk Hydro expects global primary aluminium demand to grow by 2-3 percent in 2019, down from the 4 percent seen for 2018, it said on Thursday. Trade sanctions and tariffs are impacting global flows of aluminium and increasing uncertainty on economic growth. Hydro expects a continued deficit in the global primary aluminium market in 2019 despite the slower economic growth expectations. Click here to read full stories.

Nov 29 - Australia's Fortescue readies first shipment of new mid-grade iron ore 

Australia's Fortescue Metals Group is set to ship the first cargo of its new mid-grade iron ore next month just as a rout in Chinese steel prices helps it improve its margins in competition with higher grade products. The world's fourth-largest iron ore miner will make the first shipment of its 60.1 percent West Pilbara Fines product to customers in China, in a step that is set to bolster its margins, Chief Executive Elizabeth Gaines said. Click here to read full stories.

Nov 29 - Chile´s Spence copper mine back in operation after strike 

BHP´s Spence copper mine was operating normally again following a union strike announced earlier on Wednesday, the company said.Union President Ronald Salcedo told Reuters early on Wednesday that about 50 workers had been laid off, in addition to eight supervisors, raising safety concerns for the mine's remaining workers and prompting the walk-off. Click here to read full stories.

Nov 29 - China's Tongling Nonferrous to follow Jiangxi Copper TC/RC deal - sources 

Tongling Nonferrous Metals Group, one of China's top copper smelters, will follow the treatment and refining charges (TC/RCs) agreed by rival Jiangxi Copper Co for 2019, three sources with knowledge of the matter said. Jiangxi Copper settled on TC/RCs of $80.80 a tonne and 8.08 cents a pound with Chilean miner Antofagasta during the Asia Copper Week gathering in Shanghai earlier this month. Click here to read full stories.

Nov 29 - Nutrien to auction stake in lithium miner SQM on Dec. 3 

Canadian fertilizer giant Nutrien will auction its 23.77 percent share in Chile´s SQM on Dec. 3, the Chilean stock exchange said on Wednesday, a final step toward completing the sale of a coveted stake in the world´s No. 2 lithium producer to China´s Tianqi. In a statement, the local stock exchange said the minimum bid would be set at $65 per share, for a total package price of $4.066 billion. Click here to read full stories.

Nov 29 - Russia sets aside 10 bln roubles to buy aluminium 

The Russian government could buy up to 50,000 tonnes of aluminium for the state reserve, a government decree showed on Wednesday, in a move that would support sanctioned Russian aluminium producer Rusal. The decree, dated Nov. 26, allocated up to 10 billion roubles ($149 million) for the plan and is the initiative of Russian tycoon Oleg Deripaska, a government source told Reuters. Click here to read full stories.

Nov 29 - Indian court panel says state government overreached by closing Vedanta smelter 

An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's copper smelter and a government decision to shut it amounted to administrative overreach. Police fired on environmental protesters calling for the closure of the plant in the southern town of Thoothukudi in May, killing 13. State authorities responded by permanently shutting down the smelter.  Click here to read full stories.

Nov 29 - Gold Fields improves severance terms at South Deep in bid to end strike 

Gold Fields said on Wednesday it had offered union members striking at its South Deep mine in South Africa an increased severance package to try to resolve the dispute which has halted production. Gold Fields, which employs about 3,600 people in South Africa, said in August it would restructure its South Deep operations and would cut about 1,100 jobs, nearly a third of the workforce, to save money. In response, the National Union of Mineworkers (NUM) went on strike at the mine on Nov.2.  Click here to read full stories.

Nov 29 - World Gold Council to appoint David Tait chief executive 

The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year. Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said. Click here to read full stories.

Nov 28 - Platinum market set for big surpluses in 2018 and 2019 - WPIC 

The global platinum market will be oversupplied by around half a million ounces both this year and next, an industry report said on Wednesday, suggesting little respite for producers facing prices languishing near 10-year lows. In its latest Platinum Quarterly report, the World Platinum Investment Council (WPIC) revised its forecast for oversupply this year to 505,000 ounces from 295,000 ounces, blaming weak demand for platinum jewellery, and said 2019 would see a surplus of 455,000 ounces. Click here to read full stories.

Nov 28 - Traders in talks to form first LME ring member in decade 

A group of traders are in talks with Sigma Broking Ltd to create the first new open-outcry member of the London Metal Exchange (LME) in more than a decade, three industry sources said. Discussions have been going on for several months, including with the LME, but a deal has not yet been finalised and no formal application to the world's top metals exchange has been submitted, said the sources, who declined to be identified. Click here to read full stories.

Nov 28 - La Mancha plans to expand its African footprint, buy Barrick gold mines 

La Mancha Group plans to buy more underground gold mines in Africa and is ready to snap up mines that Barrick Gold and Randgold Resources will sell after their merger, its billionaire chairman Naguib Sawiris said on Tuesday. "(The Barrick disposals) might be in geographies where we are very strong and that makes sense for us," Sawiris told reporters on the sidelines of the Mines and Money conference in London. "We can extend the mine lives." Click here to read full stories.

Nov 28 - Russia's Potanin to appeal UK court decision in battle of billionaires 

Russian businessman Vladimir Potanin plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel from fellow investor Roman Abramovich, representatives at Potanin's investment firm said on Tuesday. The ruling, taken in June, was considered to be advantageous for Russian tycoon Oleg Deripaska, who controls aluminium giant Rusal, and has long been at loggerheads with Potanin over control of Norilsk Nickel. Click here to read full stories.

Nov 28 - Aluminium producer seeks Q1 premium of $91/T from Japan buyers - sources 

A global aluminium producer has offered Japanese buyers a premium of $91 per tonne for primary metal shipments during the January to March quarter, down 12 percent from the current quarter, two sources directly involved in pricing talks said on Wednesday. Japan is Asia's biggest aluminium importer and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. Click here to read full stories.

Nov 28 - Nigeria awards mining exploration contract to 10 mining, consulting firms 

Nigeria has awarded a mining contract to ten exploration and consulting companies as part of the country's efforts to develop the sector, the mining and steel development minister said on Tuesday. Abubakar Bawa Bwari did not say how much the contracts were worth but in July he had said eight firms would be awarded a government contract to the tune of 12.7 billion naira ($41.5 million). Click here to read full stories.

Nov 28 - Russia's Mechel puts off debt restructuring to 2019 

Russian steel and coal producer Mechel has postponed completing a painful and lengthy debt restructuring process to 2019, the company said on Tuesday. Mechel, at one point on the brink of bankruptcy, has been in restructuring talks with its lenders for several years. Click here to read full stories.

Nov 28 - Sierra Leone president urges end to strike at Iluka's rutile mine 

Sierra Leone President Julius Maada Bio has called for an immediate end to a strike at Iluka Resources' mining unit Sierra Rutile, which has shuttered operations since last week. The strike is the second in the past month at Sierra Rutile, one of Sierra Leone's largest companies, following a week-long stoppage in October that led Iluka to cut its output forecast of rutile, which is used to make white pigment and titanium metal. Click here to read full stories.

Nov 27 - Party's over: As margins tumble, China steel mills brace for hard times 

Chinese steel producers ran up losses for the first time in three years this month as prices slid into a bear market on weak demand and near-record supply, ending years of solid profit margins. And with the world's No. 2 economy cooling and facing increased risks from a growing trade war with the United States, China's steelmakers are likely to feel more pain unless Beijing launches fresh stimulus measures, traders and analysts say. Click here to read full stories.

Nov 27 - China December coal imports set to slump on new curbs - traders 

China's coal imports are set to slump in December as traders and utilities wind back purchases following signals from Beijing that it will stop clearing shipments until next year, trading companies and utilities told Reuters. Coal imports by the world's top consumer of the material used for heating and steelmaking rose in the first 10 months of 2018 to 252 million tonnes, up 11 percent from a year ago and not far below last year's total of 279 million tonnes, according to official data.  Click here to read full stories.

Nov 27 - Iron ore's plunge is about finally catching up to steel's slump: Russell 

The 15 percent plunge in iron ore prices in the past week certainly looks dramatic, but is more a case of the raw material finally catching up to a more established trend of weakness in Chinese steel prices. However, the drop in iron ore is more than just a cause for concern for miners in Australia, Brazil and South Africa, as it may alter the dynamics of what quality of ore Chinese mills prefer. Click here to read full stories.

Nov 27 - China Hongqiao to close up to 550,000 T of aluminium capacity for winter - analysts 

China Hongqiao Group, the world's biggest aluminium producer, has been ordered to close up to 550,000 tonnes of annual smelting capacity this winter, according to analyst calculations based on a local government document. The city of Binzhou in Shandong province, where all of Hongqiao's 6.46 million tonnes per year of aluminium capacity is located, listed pot closures at five Hongqiao smelting facilities in a document outlining winter restrictions that was posted on its website on Monday. Click here to read full stories.

Nov 27 - Turbulence ahead for becalmed tin market: Andy Home 

Which metal stands to gain most from the coming electric vehicle and energy storage revolution? Lithium? Cobalt? Nickel? All have strong claims to future fame in the evolving battery technology race that is driving the first phase of what might be called the "technology supercycle". Click here to read full stories.

Nov 27 - BHP flags new find under copper program in South Australia 

BHP Group has identified a potential new iron oxide, copper and gold mineralized system near its Olympic Dam operations in South Australia as part of a copper exploration program, the miner said on Tuesday. It said in a statement that the project was still in its infancy and that it was planning a further drilling program, slated to commence in early 2019. Click here to read full stories.

Nov 27 - Chile to file arbitration suit against lithium miner Albemarle by Dec. 15 

Chile's Corfo will present an arbitration suit against lithium miner Albemarle by Dec. 15, the Chilean state development agency's vice-president said on Monday, alleging the world's top lithium producer had failed to adhere to the terms of a contract drawn up in 2016. Under the contract, U.S.-based Albemarle must provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile. Click here to read full stories.

Nov 27 - Speculators trim net short positions in COMEX gold, silver - CFTC 

Hedge funds and money managers cut their net short positions in Comex gold and silver contracts in the week to Nov. 20, the U.S. Commodity Futures Trading Commission (CFTC) said on Monday. They also switched to a net long position in copper contracts in the week, the data showed. Click here to read full stories.

Nov 27 - Zimbabwe sees no radical change for platinum, diamond ownership 

Zimbabwe does not plan to change its ownership rules for diamonds and platinum, its mining minister said on Monday, denting hopes among some miners the country will open up ownership as it announces mineral frameworks in coming weeks. Zimbabwe in March changed its empowerment law limiting the rules that mandate majority state ownership to diamond and platinum mines, rather than to the mining sector as a whole. Click here to read full stories.

Nov 27 - China's No.2 steelmaking hub Jiangsu escalates smog alerts, halves output 

Steel mills, coke plants and coal-fired utilities in China's second-biggest steelmaking hub Jiangsu will have to slash their production capacity as the provincial authorities have escalated smog alerts for the next three days. Air pollution is expected to worsen from Nov. 27 until Nov. 30, triggering second-level orange smog alerts in the country's four-level system, the Department of Ecology and Environment of Jiangsu Province said in a statement. Click here to read full stories.

Nov 27 - Mexican lawmakers, mining sector to discuss controversial bill 

Mexican lawmakers will meet with mining sector leaders this week before seeking Congress's approval of a bill that analysts have said could hinder mining operations and that was partly responsible for a massive selloff in mining shares last week. A lawmaker from leftist President-elect Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) party presented the bill in the Senate on Tuesday that would change mining regulations and require the consent of indigenous communities before granting mining concessions on their land. Click here to read full stories.

Nov 26 - Rio Tinto leads copper charge into Western Australia's Paterson region 

A hive of mine exploration activity is underway in a remote corner of Western Australia's Great Sandy Desert, led by Rio Tinto Ltd, which has boosted its holdings 10-fold in the little explored Paterson province in the past year. Rio's interest in the area – flagged by its application for nearly 30 exploration licenses - has sparked a stampede into adjacent lots by other explorers, who see Rio's aggressive activity as an indicator of a highly promising find. Click here to read full stories.

Nov 26 - New Barrick CEO eyes miners' alliance to fix Tanzania tax row 

Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit. In an increasingly acrimonious conflict that has lasted almost two years, the government has torn up mining contracts, hiked taxes and royalties, and banned raw minerals exports. Click here to read full stories.

Nov 26 - Global tin market to move into 500 T surplus in 2019 - tin group 

The global tin market is expected to move into a surplus of 500 tonnes next year from a 7,500-tonne deficit in 2018, mainly due to weaker demand in China, the International Tin Association said on Friday. The main reason for the slight surplus is that global tin consumption is expected to contract in 2019 to 357,000 tonnes from 363,000 tonnes this year, Tom Mulqueen, manager of market intelligence for the association, told a seminar in London. Click here to read full stories.

Nov 26 - China Oct alumina exports surge to more than 460,000 T - customs 

China's exports of alumina soared to their highest since at least 2014 in October as Chinese producers of the aluminium raw material continued to cash in on a global shortage. The country exported 460,072 tonnes of the substance last month, according to data released by the General Administration of Customs on Friday. Click here to read full stories.

Nov 26 - Top banks' commodities revenue up 32 pct in first three quarters - report 

Commodities-related revenue at the 12 biggest investment banks was 32 percent higher in the first nine months of this year than in the same period in 2017, pulled up by volatile power, gas and base metals prices, consultancy Coalition said on Monday. Revenue from commodity trading, selling derivatives to investors and other activities in the sector climbed to $2.9 billion, the financial industry analytics firm said in a report. Click here to read full stories.

Nov 26 - Former Grupo Mexico workers plan to block copper mine access 

Former workers of Mexican miner Grupo Mexico plan to block access to the giant Buenavista copper mine on Dec. 1 to pressure the company and the country's incoming leftist government to give them back their collective labor contracts. The planned industrial action is part of a longstanding dispute after Grupo Mexico fired the mine's workforce and reopened it in 2010, following a federal judge's ruling that a nearly three-year strike over a labor dispute was illegal. Click here to read full stories.

Nov 26 - China's Dalian Exchange to relax position limits on iron ore, select agriculture futures 

China's Dalian Commodity Exchange (DCE) will relax its risk management restrictions on some futures, including its first internationalised flagship iron ore contracts, in an effort to lure more investors to boost liquidity. It will double the maximum position holding limits for iron ore, soymeal, corn, soybean oil and palm oil contracts, according to a statement issued by the DCE on Friday. Click here to read full stories.

Nov 23 - Zinc smelter bottlenecks propping up prices, for now 

An expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia, putting the brakes on an eye-watering price fall. Benchmark zinc tumbled over 35 percent in the seven months to mid-September, with prices of the metal used mainly to rustproof steel also hurt by concerns of a global economic slowdown. Click here to read full stories.

Nov 23 - BASF makes low-nickel wager amid scramble for battery metals 

German chemicals giant BASF is betting on a new recipe for electric car batteries which stretches the time between charges while cutting dependence on nickel to help shave costs and grab more of a growing market. It is part of flurry of activity in the sphere of cathodes materials, a major component of battery cells for an anticipated switch to electric vehicles (EV) due to clean air regulation. Click here to read full stories.

Nov 23 - BHP prepares for UK legal battle over 2015 Brazil dam failure 

Mining giant BHP says it will fight an unprecedented English lawsuit filed by hundreds of thousands of Brazilians for multi-billion pound damages over Brazil's worst environmental disaster. SPG Law, a British offshoot of a U.S. litigator, represents 240,000 individuals in Brazil, 24 municipal governments, a Roman Catholic Archdiocese and members of the Krenak indigenous community and has filed three legal claims for unlimited damages over the failure of the Fundao dam in 2015. Click here to read full stories.

Nov 23 - Saudi Arabia says new mining project to increase non-oil GDP by 3 pct 

Saudi Arabia's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent. The kingdom will invest 85 billion riyals in the project, a 440-square-km (150-square-mile) city for mining industries in the northern region, the Ministry of Energy, Industry and Mineral Resources said in a statement. Click here to read full stories.

Nov 23 - Copper benchmark deal signals shifting supply dynamics in 2019: Andy Home 

Copper supply has surprised this year, but not in the way everyone expected.

It was supposed to be a year of mine disruptions, with the market anticipating that multiple labour contract expiries would result in at least one strike, and possibly more. In the event there was none. By copper's standards it has been a remarkably smooth year for mine production, leaving analysts struggling to fill the customary collective allowance for disruption in their forecasts. Click here to read full stories.

Nov 23 - SQM's lithium sales volumes drop 27 pct after production delay 

Chilean miner SQM said on Thursday that delays in a project to boost output of lithium from salt flat Salar de Atacama slashed sales volumes of the ultralight battery metal by 27 percent in the third quarter. SQM, the world's No. 2 producer of lithium, said the previously announced delays were partly offset by high prices and 25 percent growth in demand in 2018 on sales to producers of electric vehicles. Click here to read full stories.

Nov 23 - Indonesia to settle Freeport environment issues in weeks - ministry official 

Indonesia's environment ministry aims to resolve within two weeks environmental issues that have been holding up the state's plans to acquire a majority stake in Freeport McMoRan Inc's Grasberg copper mine. That deal, where Indonesia and state-owned miner PT Inalum will control a 51.23 percent stake in PT Freeport Indonesia, is expected to end years of wrangling over ownership rights to Grasberg, the world's second-biggest copper mine. Click here to read full stories.

Nov 23 - Zimbabwe plans refinery for the country's platinum mines - budget document 

Zimbabwe is planning to build a base metals and precious metals refinery that will process platinum from all the country's platinum mines, a budget statement released on Thursday said. The country, which is home to the second largest known deposits of platinum after South Africa, will impose a 5 percent tax on export of platinum concentrates in 2019 in a bid to encourage local processing of the metal. Click here to read full stories.

Nov 23 - Mexican mining shares hammered after downgrades on fears of new legislation 

Shares of Mexican miners Industrias Penoles and Grupo Mexico fell for a third straight day on Thursday, after Morgan Stanley downgraded the stocks citing bills introduced by the new ruling leftist party that the bank said could affect their operations. Grupo Mexico fell by more than 7 percent and Penoles by more than 12 percent to their lowest levels since 2016 at one point during the session, before trimming losses. Click here to read full stories.

Nov 23 - China names and shames steel mill in Shanxi for dumping waste  

A steel firm in northern China's Shanxi province has been accused of faking pollution data and dumping large volumes of waste, the environment ministry said, its latest attempt to name and shame industrial polluters. The Gaoyi Iron and Steel Company, based in the city of Yuncheng, illegally dumped and buried large amounts of steel slag at sites near its plant over a period of 10 years, the Ministry of Ecology and Environment said in a notice posted on its website on Thursday. Click here to read full stories.

Nov 23 - SolGold CEO excited by prospects for Ecuadorian copper-gold 

SolGold's coveted Ecuadorian copper-gold prospect may be 20 percent bigger than the mining group said earlier this week, its chief executive Nick Mather said on Thursday. SolGold, in which Mather has a near 5 percent stake, said on Tuesday that its Alpala project in Ecuador's Cascabel region was around double the size and grade quality it was known to be in December 2017. Click here to read full stories.

Nov 22 - Albemarle boosts lithium supply with $1.2 bln Australian deal 

Albemarle Corp, the world's top lithium producer, has agreed to pay $1.15 billion to form a lithium joint venture with Australia's Mineral Resources, a week after regulators rejected plans to expand its operations in Chile. Albemarle will take a 50 percent stake in the venture that will own and operate the Wodgina lithium mine in Western Australia and develop a plant producing lithium hydroxide, the two companies said in separate statements released late Wednesday and Thursday. Click here to read full stories.

Nov 22 - Doubts cast on plans for deluge of new nickel supply 

Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly. Benchmark nickel on the London Metal Exchange nearing $11,000 a tonne is down more than 15 percent since late September, partly due to the U.S.-China trade dispute undermining demand for the metal used in stainless steel. Click here to read full stories.

Nov 22 - Nearing a bear market, China steel sector weighs record output, softer economy: Russell 

China's steel sector is toying with falling into a bear market, with prices almost down 20 percent in the past three months as the industry's run of record production meets the reality of a slowing economy and trade disputes. Shanghai steel rebar futures, the benchmark price, fell 18.8 percent from the highest so far this year at 4,418 yuan ($637.52) a tonne on Aug. 22 to a low of 3,586 yuan on Wednesday. Click here to read full stories.

Nov 22 - China and US accuse each other of hypocrisy as WTO litigation begins 

The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue "non-market" policies and a Chinese official saying it was Washington that was flouting the rulebook. U.S. President Donald Trump has outraged U.S. trading partners by erecting a tariff wall against imports of steel and aluminium - justified by U.S. national security concerns - and has hit Chinese goods with huge tariffs over accusations of stealing U.S. intellectual property. Click here to read full stories.

Nov 22 - China's aluminium output drops as Shanghai price sinks: Andy Home 

The Shanghai aluminium price hit its lowest level since October 2016 on Wednesday. At a current 13,700 yuan per tonne the most active contract on the Shanghai Futures Exchange (ShFE) is down by 13 percent from the start of January. Click here to read full stories.

Nov 22 - S.African watchdog orders six-month hold on job cuts in Sibanye-Lonmin deal 

South Africa's Competition Tribunal on Wednesday approved Sibanye-Stillwater's takeover of troubled platinum producer Lonmin but imposed a six-month moratorium on job cuts. South Africa's Sibanye has proposed to buy Lonmin for about 285 million pounds ($365 million) to create the world's No. 2 platinum producer in a bid to ride out depressed prices for the metal. Click here to read full stories.

Nov 21 - Thyssenkrupp forecasts profit rise as it seeks to win back trust 

Thyssenkrupp gave a bullish outlook for 2019 on Wednesday, forecasting a recovery at almost all its divisions, as new CEO Guido Kerkhoff attempts to restore investors' trust in the German industrial conglomerate. Kerkhoff, who took over in September, hopes to assuage mounting shareholder disquiet by spinning off the elevators and car parts businesses into one division in a bid to unlock value. Click here to read full stories.

Nov 21 - Zinc market enters period of peak tightness: Andy Home 

The London zinc market is experiencing unprecedented tightness this week. As of Monday's close, the London Metal Exchange's (LME) benchmark cash-to-three-months spread was valued at a backwardation of $97 per tonne. Click here to read full stories.

Nov 21 - Nippon Steel braces for weaker prices amid fears over China slowdown 

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp is bracing for a weaker steel market in Asia because the escalating Sino-U.S. trade war may crimp steel demand in top buyer China and in Southeast Asia, a senior executive said. "The biggest uncertainty is how steel demand and the market in China and Southeast Asia will change," Nippon Steel Executive Vice President Katsuhiro Miyamoto told Reuters in an interview last week. Click here to read full stories.

Nov 21 - China's steelmaking Hebei province issues smog alert from Nov. 22 

China's top steelmaking province Hebei issued second-level smog alerts to its 10 cities, effective from Nov. 22, state-owned China Nation Radio (CNR) reported on Wednesday. The alert came as the provincial environmental bureau expects a wave of air pollution from Nov. 24 to 27. Click here to read full stories.

Nov 21 - Japan Oct crude steel output falls 4.5 pct on glitches at some mills 

Japan's crude steel output fell 4.5 percent in October from a year earlier to 8.56 million tonnes, the second straight month of year-on-year decline, due to glitches at some mills, the Japan Iron and Steel Federation said on Wednesday. "Production was reduced as some steel mills were having system trouble, though most of the impact from severe weather and an earthquake in September was fixed," said a researcher at the federation. Click here to read full stories.

Nov 21 - Mexican miners sink on bill planning public consultations 

Shares in Mexican miners Grupo Mexico and Penoles fell sharply on Tuesday after a lawmaker presented a bill that would require the consent of indigenous communities before granting mining concessions on their land. The bill was presented by Senator Angelica Garcia from leftist President-elect Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) party, which, along with its allies, holds majorities in both houses of Congress. Click here to read full stories.

Nov 20 - Fall of zinc stocks squeezes bears as LME contract expires 

A slide in zinc inventories on the London Metal Exchange to their lowest in more than a decade has wrong-footed bearish investors who are scrambling to cover or roll over futures positions before the November contract expiry. Many investors locked in short positions based on forecasts of rising supply, but an expected increase in production has not materialised. The November contract expires on Wednesday. Click here to read full stories.

Nov 20 - Nornickel aims to boost output to tap electric car boom 

Russian nickel and palladium producer Norilsk Nickel (Nornickel) plans to ramp up output over the next five years to tap an expected boom in demand from electric vehicle makers, its CEO and top shareholder Vladimir Potanin told Reuters. The company, which vies with Brazil's Vale to be the world's largest nickel producer, has been profitable for years thanks to its resource-rich Arctic operations, but output has been relatively stable due to a decline in metal content in ore and as it focused on revamping production facilities. Click here to read full stories.

Nov 20 - Mexico expects U.S. to begin lifting tariffs with trade deal signing - McClatchy 

Mexico expects Washington to begin lifting steel and aluminum tariffs against it later this month, when Canada, Mexico and the United States are slated to sign a revamped trade deal, the Mexican ambassador to the United States told McClatchy on Monday. "It's the expectation that by the time of the signing either a solution or a very clear track that gives enough certainty that a solution is coming," Geronimo Gutierrez said in an interview with the news agency. Click here to read full stories.

Nov 20 - Mali to produce lithium by 2020 with 694,000 T discovered 

Mali is on track to start lithium production by 2020 and companies have already discovered 694,000 tonnes of exploitable reserves, a senior mines ministry official told Reuters. Lithium has become one of the world's most in-demand commodities thanks to the rising popularity of electric vehicles powered by lithium-ion batteries. Click here to read full stories.

Nov 20 - Saudi king to open $22.7-billion mining project on Thursday, Al Arabiya TV 

Saudi Arabia's King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country's northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih. The project will cost 85 billion riyals ($22.7 billion) and create 10,000 jobs, Falih said. It is part of an industrial scheme aimed at opening up Saudi's north to development that will boost job creation. Click here to read full stories.

Nov 20 - Colombian mining group says tax bill will attract foreign investment 

Colombia's main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years. The bill, known as the financing law, proposes a gradual reduction in taxes on businesses to 30 percent by 2022 from the current 35 percent, as well as a new sales tax refund of 19 percent for capital goods such as machinery. Click here to read full stories.

Nov 20 - Brazil court orders Vale to pay damages to indigenous tribes 

A Brazilian court has ordered Vale SA, Brazil's largest miner, to stop its nickel-extracting operations in the northern state of Pará and pay damages to two indigenous tribes that live in the area. Vale, one of the country's biggest companies, will not be able to resume mining iron or nickel at its Onça Puma unit until it meets certain environmental requirements and presents plans aimed at mitigating and compensating indigenous peoples, Brazil's prosecutor-general's office said on Friday. Click here to read full stories.

Nov 19 - Palladium zooms towards parity with gold for first time in 16 years

Palladium is outgunning other precious metals, with a surge to record highs putting it within a whisker of parity with gold for the first time in 16 years. Tight supplies, large deficits and resurgent interest from speculative investors have sent palladium prices rocketing 40 percent from a low in August. Click here to read full stories.

Nov 19 - 'Dr Copper' may be favouring fundamentals over trade politics: Russell

Are the much-lauded predictive capabilities of copper starting to show that the divide between China and the United States on trade and investment, which was on full display at the weekend meeting of Asia-Pacific leaders, no longer matters? The failure of leaders of the 21-member Asia Pacific Economic Cooperation (APEC) to agree on a joint communique for the first time in the group's history after the summit in Papua New Guinea was blamed on the tensions between the United States and China.  Click here to read full stories.

Nov 19 - Barrick Gold eyes assets, exploration as it plots new phase

Barrick Gold Corp, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1 billion takeover of Randgold Resources Jan. 1, outlined plans for exploration, expansion, streamlining and asset sales at an investor presentation in London. Click here to read full stories.

Nov 19 - BHP blames driver error, brake problem for runaway train wreck

BHP said on Friday that driver error caused an iron-ore train to run away without its driver and a brake problem caused the company to intentionally derail the train in order to stop it, according to a preliminary investigation. BHP said its initial findings of the Nov. 5 incident showed the nearly 3-km (1.9 miles) long train came to a halt after a braking system control cable became disconnected. After the driver got off the train to carry out an inspection, it began to move "becoming what is termed a 'rollaway' train'". Click here to read full stories.

Nov 19 - Speculators boost net short positions in COMEX gold, silver - CFTC

Hedge funds and money managers increased their net short positions in Comex gold and silver contracts in the week to Nov. 13, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also boosted their net short position in copper contracts in the week, the data showed. Click here to read full stories.

Nov 19 - Philippines says 9 suspended mines can resume if conditions met

The Philippines' environment ministry said nine suspended mines will be allowed to resume operations if they rectify previous violations of environmental regulations, a move that could boost nickel output in the major supplier of the metal. The nine mines were ordered permanently closed in February last year as part of an environmental clampdown on the sector. They appealed the decision, along with four other mines, and after a review, Environment and Natural Resources Secretary Roy Cimatu changed closure of the mines to a suspension. Click here to read full stories.

Nov 19 - Canadian firm Lundin confirms job cuts at Chile's Candelaria copper mine

Canadian miner Lundin confirmed on Friday it was cutting 106 jobs at its Candelaria copper mine in Chile to "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike. In a statement sent to Reuters, the company said the job cuts represented less than 2 percent of the operation's workforce, including an unspecified number of voluntary early retirement offered to other staff. Click here to read full stories.

Nov 19 - Zimbabwe allows gold mining firms to retain 55 pct of dollar earnings 

Zimbabwean gold mines have been allowed to retain 55 percent of their earnings in dollars, from 30 percent previously, the deputy mines minister said, as the government moves to ensure their operations remain viable. Polite Kambamura said miners of gold, the country's largest mineral export, should be allowed to earn up to 70 percent of their sales in dollars. Click here to read full stories.

Nov 19 - Tokyo Steel to raise heavy plate prices for December

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it will raise prices for its heavy plates in December by 2.5 percent to reflect tight market conditions amid solid construction demand. This will mark the company's first hike for heavy plates in eleven months. Tokyo Steel will keep prices steady for other products, though, including its main one, H-shaped beams. Click here to read full stories.

Nov 16 - Chile lowers copper price forecasts for 2018, 2019 

Chile’s state copper agency Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months. Cochilco also lowered its 2019 price projection to $3.05 per pound from the $3.10 it predicted in July, saying there would be a continued depression in demand for the metal because of U.S.-China trade tensions. Click here to read full stories.

Nov 16 - Jiangxi Copper, Antofagasta agree lower treatment charges for 2019 

Chinese copper smelter Jiangxi Copper and miner Antofagasta have agreed 2019 copper treatment and refining charges (TC/RCs) at $80.80 a tonne and 8.08 cents a pound, three sources familiar with the matter said. This is the first major deal for the coming year, which typically sets the benchmark for the sector. The charges agreed between Jiangxi and Antofagasta are down from the 2018 benchmark of $82.25 a tonne and 8.225 cents a pound. Click here to read full stories.

Nov 16 - Vedanta sells copper concentrate from stockpiles at shuttered India smelter 

India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns. The company is disposing of around 70,000 tonnes of copper concentrate that have been lying unused since the closure of the plant, the official told Reuters on Thursday. He declined to be identified, saying it was against company policy. Click here to read full stories.

Nov 16 - Glencore's Katanga warns of earnings hit if Congo row not resolved 

Katanga Mining expects its earnings to be hit if a row with Democratic Republic of Congo that has prevented it from importing and exporting copper is not resolved soon. Although Glencore's Katanga said on Thursday that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled. Click here to read full stories.

Nov 16 - Paulson seeks immediate resignation of Detour Gold's CEO 

Hedge fund Paulson & Co on Thursday called for the immediate resignation of Detour Gold Corp's interim Chief Executive Officer Michael Kenyon and board member Alex Morrison, adding it does not favor a fire sale of the gold miner. Paulson said under Kenyon the company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable to exaggerate cash flows." Click here to read full stories.

Nov 15 - China plumbs ocean depths to extend its cobalt lead 

China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific.  The cobalt-rich crusts could one day curb the world's dependence on cobalt from Democratic Republic of Congo, but most companies say deep sea mining is a distant prospect. Click here to read full stories.

Nov 15 - Copper industry sees green shoots of demand after trade war price slump 

The outlook for copper demand in the mid to long term remains healthy despite current trade friction between China and the United States as a renewable energy revolution will require vast amounts of the metal, industry executives said on Wednesday. Delegates at the Asia Copper Conference in Shanghai noted recent Chinese indicators showed the real impact on demand for copper-intensive goods as the country's economic growth cools. Click here to read full stories.

Nov 15 - Global cobalt glut won't be stemmed by Glencore Congo output stoppage 

Disruptions to cobalt supplies in the Democratic Republic of Congo are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year. Glencore last week said its subsidiary Katanga Mining had halted cobalt exports from the Kamoto Project in DRC while it builds a facility to remove uranium.  Click here to read full stories.

Nov 15 - Rio Tinto joins race for Teck's copper project stake - sources 

Rio Tinto is among parties making a final offer for a minority stake in Teck Resources Ltd's Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8 billion, two sources close to the matter said. The world's second largest mining company is eager to boost its copper assets, with the metal viewed in the industry as having one of strongest outlooks. Existing reserves are dwindling and increased electrification means demand is likely to be strong. Click here to read full stories.

Nov 15 - Zinc market deficit narrows to 54,700 tonnes in September - ILZSG 

The global zinc market deficit narrowed to 54,700 tonnes in September from a revised deficit of 81,800 tonnes in August, data from the International Lead and Zinc Study Group (ILZSG) showed on Wednesday. The August data was revised after it gave an initial estimate for a deficit of 76,200 tonnes. In the first eight months of the year the zinc market had a 305,000 tonne deficit, compared with a deficit of 398,000 tonnes in the same period last year. Click here to read full stories.

Nov 15 - Pan American Silver offers $1.1 bln to buy out Tahoe 

Pan American Silver Corp said Wednesday it has agreed to buy Tahoe Resources Inc in a $1.07 billion cash and stock deal that would create a top global silver miner but also include some troublesome assets. The offer, representing a near 35 percent premium to Tahoe's average share price over the past 20 days of trade, sent Tahoe shares up 45 percent, while Pan American stock fell about 12.5 percent. Click here to read full stories.

Nov 15 - Birla Copper CEO sees Indian copper demand doubling by 2026 

India's refined copper consumption is set to more than double over the next eight years amid rising demand from the power, auto and consumer sectors, the chief executive of one of the country's top copper smelters said on Thursday. The nation's consumption of the metal is expected to rise to 1.433 million tonnes by 2026 from around 650,000 tonnes in 2018, Birla Copper Chief Executive Officer J.C. Laddha told delegates at the Asia Copper Conference in Shanghai. Click here to read full stories.

Nov 15 - India's steel giants to focus on product mix, quality to take on ArcelorMittal 

India's two biggest private sector steel companies JSW Steel Ltd and Tata Steel Ltd are banking on their diversified product mix to take on steel giant ArcelorMittal SA as it gears up to enter the country. In October, creditors of bankrupt Essar Steel India approved a 500 billion rupee ($6.9 billion) joint offer by ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal for Essar's assets, paving the way for the first major foreign bets on steel manufacturing in India. Click here to read full stories.

Nov 15 - Antofagasta approves $1.3 bln Los Pelambres copper mine expansion 

The board of directors of Chilean miner Antofagasta has approved a $1.3 billion expansion of the company's flagship Los Pelambres copper mine in Chile, Chief Executive Ivan Arriagada said on Thursday. The expansion will produce additional ore equal to an extra 60,000 tonnes per year of refined copper over the first 15 years of the expansion project, lifting the mine's output for the first time in over a decade, Arrigada said. Click here to read full stories.

Nov 15 - Vale-BHP Brazil joint venture Samarco names mining exec as new CFO 

Brazil's Samarco Mineracao SA, a joint venture between BHP Billiton and Vale SA, on Wednesday named former Usiminas mining executive Cristina Cavalcanti as its new chief financial officer. Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people. Cavalcanti previously worked as administrative and financial director at Mineracao Usiminas, the mining unit of steelmaker Usinas Siderurgicas de Minas Gerais SA. Click here to read full stories.

Nov 15 - Sibanye seals wage deal with South African unions 

South African miner Sibanye-Stillwater has signed a three-year wage agreement with three labour unions, the company said on Wednesday, ending a standoff over pay that could have led to a strike. The National Union of Mineworkers (NUM), Solidarity and UASA unions agreed a 5.5 percent pay rise for miners, artisans and officials in the first year, Sibanye said in a statement. Click here to read full stories.

Nov 14 - Chinese copper smelters look to mine investment to secure supply 

Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday. China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on imports. Click here to read full stories.

Nov 14 - China Oct steel output hits record-high before winter curbs kick in 

China's steel output hit record levels in October, rising for a third straight month as mills rushed to boost output ahead of winter production cuts. The world's top steel producer churned out 82.55 million tonnes of crude steel last month, up from 80.85 million tonnes in September and from 72.36 million tonnes in October last year, data from the National Bureau of Statistics (NBS) showed on Wednesday. Click here to read full stories.

Nov 14 - Brazil lawmakers slam Norsk Hydro, regulators for Alunorte leak 

"Failures and possible crimes" led to a February leak of mineral byproduct at Norsk Hydro ASA's Alunorte alumina refinery in the Amazonian state of Para, a special commission in Brazil's lower house said in a report released on Tuesday A congressional commission assembled to look into the incident blamed both the company and regulators, and called for civil and criminal investigations to continue. Click here to read full stories.

Nov 14 - Chilean regulators reject Albemarle's plans to boost lithium output 

Chilean environmental regulators have rejected plans by Albemarle Corp, the world's top lithium producer, to expand output from the Salar de Atacama salt flat, according to filings with Chile's Environmental Assessment Service (SEA). SEA said in a resolution on Monday that Albemarle's environmental impact statement, which included plans to build a new plant to produce 42,500 tonnes of lithium carbonate in northern Chile, lacked key information to gauge the project's impact, prompting an "early termination" of its review. Click here to read full stories.

Nov 14 - China Oct aluminium production falls for third month ahead of winter 

China's primary aluminium output fell for a third straight month in October, according to official data released on Wednesday, as low aluminium prices prompted smelters to cut production even before government-mandated winter restrictions kick in. The world's top aluminium maker produced 2.72 million tonnes of the metal last month, according to data from the National Bureau of Statistics.  Click here to read full stories.

Nov 14 - Trump's steel tariffs create big profits but few new jobs 

Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money. Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable strategy that doesn't depend on government help. Click here to read full stories.

Nov 14 - GoldCore seeks to capitalise on Brexit with Dublin gold vault 

Gold broker and storage company GoldCore said on Tuesday it had opened a gold vault in Dublin, aiming to attract investors looking for an alternative to London after Brexit. Dublin-based GoldCore, which set up the facility in partnership with security firm Loomis International, said it was Ireland's first institutional grade vault. Click here to read full stories.

Nov 14 - Tata Steel reports jump in Q2 profit on strong India performance 

Indian steelmaker Tata Steel Ltd's net profit grew more than three-fold in second quarter, the company said on Tuesday, beating market estimates, buoyed by strong domestic growth. Net profit came in at 31.16 billion rupees ($428.79 million)in its fiscal second quarter ended Sept. 30 from 10.18 billion rupees a year earlier, compared with an analysts estimate of 22.47 billion rupees, according to IBES data from Refinitiv. Click here to read full stories.

Nov 14 - JPMorgan's co-head of metals to leave around end of the year 

Sid Tipples, joint head of JPMorgan's metals business, will leave the bank around the end of the year, four sources familiar with the matter said. JPMorgan's metals operation is one of the world's largest with global activity in both industrial and precious metals. Tipples is based in London and runs it together with Mike Nowak, who works in New York. Click here to read full stories.

Nov 13 - Metal traders head to Shanghai for copper conference amid trade war fears 

Metals traders are arriving in Shanghai for the annual Asia Copper Week event, gathering in China at a time when the outlook for demand in the world's biggest consumer of the commodity is clouded by the Sino-U.S. trade war. Prices for copper, widely used in wiring and construction, have fallen around 17 percent in 2018 amid fears the trade spat will undermine demand for industrial metals. They are set for their worst year since 2015, snapping a two-year revival. Click here to read full stories.

Nov 13 - Bank of France partners with JPMorgan to boost gold bullion services - sources 

The Bank of France has partnered with U.S. banking group JPMorgan to expand its range of gold bullion services for central banks, sources familiar with the matter said on Monday. The French central bank's second deputy governor Sylvie Goulard wrote in the Alchemist, the magazine of the London Bullion Market Association (LBMA), that it had partnered with "a large commercial bank" to offer swaps, leases and gold deposits from Paris. Click here to read full stories.

Nov 13 - Canada's Trudeau says he discussed steel tariffs with Trump in Paris 

Canadian Prime Minister Justin Trudeau said on Monday he had discussed U.S. steel and aluminium tariffs with President Donald Trump over the weekend and that he hoped to reach a resolution on the matter by the G20 summit in Argentina. "I absolutely brought up the issue of steel and aluminium tariffs," Trudeau told a news conference in Paris on Monday. Click here to read full stories.

Nov 13 - Thyssenkrupp plans to install Daimler CFO as chairman - sources 

Thyssenkrupp will propose Daimler's outgoing Chief Financial Officer Bodo Uebber as a candidate for its supervisory board, with the aim of installing him as chairman, two sources familiar with the matter said on Monday. Daimler and Thyssenkrupp declined to comment. Uebber could be proposed as a supervisory board candidate when the board meets on Nov. 20, a day ahead of the release of the company's annual results, one of the sources said. Click here to read full stories.

Nov 13 - Russia's Polymetal starts construction at new gold mine

Russian gold and silver producer Polymetal has begun construction at its new Nezhda gold mine in eastern Siberia, which will contribute to its dividends in 2022, it said on Monday. The London-listed firm, part-owned by businessman Alexander Nesis, is starting this new project with pre-production capital expenditures estimated at $234 million a few months after it launched its Kyzyl mine in Kazakhstan.  Click here to read full stories.

Nov 13 - Lynas shares rise on positive government agencies' comments 

Shares in Australian rare earths producer Lynas Corp jumped 10 percent on Monday, after Malaysian government agencies gave positive feedback at a public hearing regarding an audit of its processing plant in Kuantan. Malaysia's government commissioned a review of the plant's environmental record in September, raising concerns about the future of the only major rare earths producer outside China and sending its shares tumbling. Click here to read full stories.

Nov 12 - U.S. postpones sanctions deadline on Russian tycoon's firms  

The United States on Friday said it was postponing the enforcement of sanctions on Russian companies EN+, Rusal and Gaz PAO for nearly four weeks as their top shareholder works on a plan to cut his stakes. The U.S. Treasury Department had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2019. Click here to read full stories.

Nov 12 - Glencore's radioactive shock for the cobalt market: Andy Home 

Glencore's Katanga mine in the Democratic Republic of Congo (DRC) was supposed to transform the cobalt market. After two years of being offline, Katanga's ramp-up was going to add 11,000 tonnes to global supply this year. The surge, equivalent to 10 percent of world production last year, would flip the global market from supply shortfall to surplus. Click here to read full stories.

Nov 12 - Second iron ore train derails in Australia; no injuries 

An empty iron ore train has derailed in Western Australia after poor weather eroded part of the track, operator Mineral Resources Ltd said on Monday, just a week after the derailing of a runaway ore train in the state's north. About 30 empty iron ore wagons in a 106-wagon train came off the track on Sunday south of the sparsely populated town of Norseman, some 700 km east of Perth, between the port of Esperance and Mineral Resources' Koolyanobbing mine. Click here to read full stories.

Nov 12 - Chinese vessel collects cobalt samples in the Pacific - Xinhua 

A Chinese deep-sea exploration vessel has returned to port in Guangdong after collecting samples of so-called cobalt-bearing crusts during a 138-day survey in the west Pacific, China's official Xinhua news agency reported on Sunday. Cobalt is used in batteries for electric vehicles, an important industry for China, the world's largest auto market. Chinese companies are some of the biggest investors in cobalt mining projects in the Democratic Republic of Congo, the world's biggest producer. Click here to read full stories.

Nov 12 - Standard Lithium, Lanxess mull Arkansas lithium joint venture 

Standard Lithium Ltd said on Monday it had signed an agreement with Lanxess AG to build a pilot plant that will process lithium from Arkansas brine, part of an ongoing study on whether to develop a joint venture to produce the white metal. The pair aim to eventually produce lithium - a key component of electric car batteries - on a mass scale from brine that is a byproduct of existing bromine production facilities run by Lanxess in the southern state. Click here to read full stories.

Nov 12 - ArcelorMittal Kazakh plant repairs to take at least 3 weeks - reports 

ArcelorMittal Temirtau, a Kazakh unit of the world's largest steelmaker, said on Monday repairs at its steel mill would take at least three weeks after an incident on Saturday prompted a partial output suspension, Kazakh media reported. ArcelorMittal Temirtau, Kazakhstan's biggest steel mill, said at the weekend that several gas pipelines had been damaged after a fire broke out at the plant. Click here to read full stories.

Nov 12 - Speculators trim net short position in COMEX gold - CFTC 

Hedge funds and money managers cut their net short positions in Comex gold and silver contracts in the week to Nov. 6, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also cut their net short position in copper contracts in the week, CFTC data showed. Hedge funds and money managers cut their net short position in gold by 8,136 contracts to 37,486 contracts, CFTC said. Click here to read full stories.

Nov 12 - Sanjeev Gupta's Liberty gets financing for Dunkirk aluminium smelter 

Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto. The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. It said the term loan, secured on standard financial terms, provided for five years of committed funds. Click here to read full stories.

Nov 12 - Profit warning exposes takeover risk for Thyssenkrupp 

A fresh hit to Thyssenkrupp shares has driven down the group's enterprise value, raising the chances of a full takeover bid, two people familiar with the matter said, a move that could derail a plan to split the group in two. The German conglomerate cut its profit forecast late on Thursday, sending its shares tumbling 12.2 percent to 16.7 euros apiece on Friday, their biggest intraday fall since June 2016. Click here to read full stories.

Nov 09 - Abundant aluminium stocks and low prices conceal tight market

A first glance at aluminium stocks suggest an abundance of the metal, but analysts say a closer look at how long those stocks would last shows the market is tight and prices are too low. Aluminium is a metal key for the transport and packaging industries but at current prices about 40 percent of the world's aluminium production is losing money, analysts say. Click here to read full stories

Nov 09 - Albemarle freezes Chile expansion plans in wake of lithium tech scrutiny

Albemarle Corp on Thursday defended a previously announced process it has said could boost lithium production in Chile but at the same time postponed two expansion projects in the country that would have needed the new technology to be successful. The move raises further questions about just what Albemarle, the world's largest lithium producer, has developed and how it could work. If the process proves less than advertised, the company risks not being able to meet an expected surge in demand for lithium in coming years to make Tesla and other electric cars. Click here to read full stories

Nov 09 - Lithium price tensions highlight need for an LME contract: Andy Home

What's the price of lithium, the "hot metal" at the heart of the electric vehicle (EV) revolution? The spot price in China has collapsed over the course of 2018 as the market absorbs a wave of supply, much of it from the new hard-rock mines that have come on stream in Australia. Click here to read full stories

Nov 09 - Australia state to roll out new mine rehabilitation rules

Australia's Queensland state is set to unveil proposed resource regulations next week that will require miners to pay into an "insurance fund" for the remediation of old mines. The regulations, if enacted, will impact the likes of BHP Billiton, Rio Tinto and Glencore, which all have operations in the mineral-rich state. The new rules would be the most significant reform of the state's rehabilitation framework in nearly two decades, the Queensland government said. Click here to read full stories

Nov 09 - Fresh profit warning exposes flaw in Thyssenkrupp spin-off logic

Thyssenkrupp on Thursday cut its profit outlook for the second time this year, blaming provisions for an ongoing steel cartel probe and quality issues at its automotive unit, the latest in a string of bad news for the crisis-ridden group. The warning is the second under the watch of Guido Kerkhoff, who became the group's permanent chief executive after a tumultuous summer that included the resignation of the group's chairman and former CEO following mounting shareholder pressure. Click here to read full stories

Nov 09 - Chile copper output hits 4.25 mln tonnes thru September, up 7.3 y/y - Cochilco

Chile's copper production from January to September this year jumped 7.3 percent from a year earlier, boosted by a sharp increase in production at BHP's Escondida copper mine. Chile, the world's top copper exporter, produced 4.25 million tonnes of copper in the first nine months of 2018. Click here to read full stories

Nov 09 - Brazil steelmaker CSN plans 27.5 pct price hike for automakers

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) said on Thursday it is negotiating a 27.5 percent price hike next year for steel for domestic automakers. The move marks the second time a Brazilian steel producer has tried to flex its muscle with the auto industry, which is recovering from a deep recession while the steel industry is seeing a boom due to higher international prices. Click here to read full stories

Nov 09 - China to tackle heavy metals in new rural pollution plan

China aims to tackle heavy metal pollution, curb fertiliser use and improve water quality by 2020 under a new plan launched by the country's environment ministry to tackle "grim" conditions in rural areas. After a four-year effort to reduce choking smog in some of its biggest cities and industrial areas, Beijing is under increasing pressure to tackle decades of rural pollution as arable land shrinks. Click here to read full stories

Nov 09 - South Africa's Gold Fields third-quarter production falls

Gold Fields said on Friday third-quarter production was down 3 percent, with its last South African asset, South Deep, weighing on total output. South Deep has faced numerous operational obstacles in a tough geological setting 3 km (2 miles) below the surface and is undergoing restructuring that would cut around about 1,100 jobs. Click here to read full stories

Nov 09 - High gold demand capped by ETF sell-off in 3rd qtr - GFMS

Weaker gold prices boosted investment demand during the third quarter, but gains were capped by a sell-off in gold-backed exchange-traded funds (ETFs), the GFMS metals consultancy at Refinitiv said on Friday. The price of gold dropped nearly 5 percent in the third quarter as investors continued to favor the U.S. dollar and riskier assets during a global trade war. Click here to read full stories

Nov 08 - U.S. to impose new duties on Chinese aluminum sheet products

The U.S. Commerce Department on Wednesday said it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminum sheet products of 96.3 percent to 176.2 percent. The decision marks the first time that final duties were issued in a trade remedy case initiated by the U.S. government since 1985. The Trump administration has promised a more aggressive approach to trade enforcement by having the Commerce Department launch more anti-dumping and anti-subsidy duties on behalf of private industry. Click here to read full stories.

Nov 08 - China's iron ore imports hit 4-month low in Oct ahead of winter curbs

China's imports of steelmaking ingredient iron ore fell to a four-month low in October, customs data showed on Thursday, reflecting slower shipments from major suppliers even as Chinese demand remained strong ahead of winter production curbs. China brought in 88.4 million tonnes of iron ore last month, data from the General Administration of Customs showed, the lowest since June and 5.4 percent below September's 93.47 million tonnes. Click here to read full stories.

Nov 08 - Brazil court upholds partial shutdown at Hydro Alunorte alumina refinery

A federal court in Brazil once again upheld a decision by a state court forcing aluminum-maker Norsk Hydro to run its Alunorte alumina refinery, the world's largest, at half capacity, state prosecutors said on Wednesday. The decision, made on Tuesday, is part of a months-long environmental dispute with Brazilian authorities, after the metals maker admitted to making unlicensed emissions of untreated water during severe rains in February. Click here to read full stories.

Nov 08 - China Oct aluminium, steel exports fall to multi-month lows

China's aluminium exports fell in October as sliding domestic production meant less metal was available for overseas markets, while steel exports also dropped, hitting their weakest since February amid stiffer competition in key market Southeast Asia. China's unwrought aluminium and aluminium product exports came in at 482,000 tonnes last month, the General Administration of Customs said on Thursday, down 3.6 percent from a revised figure of 500,000 tonnes in September but still up 37.7 percent from October 2017. Click here to read full stories.

Nov 08 - BHP to meet iron ore commitments despite train derailment - CEO

Global miner BHP Billiton will meet its iron ore commitments to customers despite a supply disruption after it had to derail a runaway ore train in Western Australia, Chief Executive Andrew Mackenzie said on Thursday. The miner suspended its rail operations after the incident on Monday that wrecked track and left a locomotive and wagons upturned nearly 120 km (75 miles) south of Australia's iron ore export hub of Port Hedland. Click here to read full stories.

Nov 08 - Albemarle profit rise beats forecasts on lithium price hikes

Albemarle Corp, the world's largest lithium producer, on Wednesday posted quarterly profit that rose more than expected due in part to price hikes, though unexpected production problems cut its output of the white metal. Albemarle has been striving to boost production and prices of lithium, a vital material in making electric vehicle batteries. It has dedicated profit from its two other chemical divisions to bolster lithium operations. Click here to read full stories.

Nov 08 - Mongolia plans coal rail link to China by 2021 - official

Mongolia aims to complete a railway from its Tavan Tolgoi coal project to the Chinese border by 2021, a Mongolian official told Reuters on Thursday. The rail link from Tavan Tolgoi would have the capacity to deliver 30 million tonnes of coal a year to China, said Samdandovj Ashidmunkh, chief investment officer of the state firm running the project. Click here to read full stories.

Nov 08 - Indonesia Oct tin exports fall 42 pct after bourse restriction

Indonesia's refined tin exports fell 42 percent in October from a month earlier to 5,109 tonnes, trade ministry data showed on Thursday, following the introduction of restrictions on some sales last month by the country's only tin-trading bourse. Exports from Indonesia, the world's biggest tin exporter, were also down 33 percent from the same month last year, the data showed. Click here to read full stories.

Nov 08 - Rusal's Oct aluminium exports up 4 percent month/month - Interfax

Russian aluminium producer Rusal, hit by U.S. sanctions since April, raised its aluminium exports by 4 percent in October compared to the previous month, Interfax news agency said. The U.S. Treasury Department in April blacklisted billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including Rusal, citing "malign activities" by Russia. Click here to read full stories.

Nov 08 - Severstal may borrow to finance new capex surge - CFO

Russian steelmaker Severstal will ramp up investments by 75 percent next year, a decision which may require borrowing, its chief financial officer told Reuters on Wednesday. The company announced a string of projects that will see capital expenditure rise to around $1.4 billion next year and in 2020, from an average of $800 million in the previous 7 years. Click here to read full stories.

Nov 08 - Anglo sees Brazil pipeline ready to receive ore this month-notice

Miner Anglo American expects a pipeline that connects its troubled Minas Rio mine to the Brazilian port of Acu to be ready to receive iron ore from that project by the end of the month, according to a notice seen by Reuters. The company halted production at the mine after two leaks in March in the pipeline, which channels slurry more than 500 km (310 miles) from Minas Gerais state to the port in Rio de Janeiro state. Click here to read full stories.

Nov 07 - BHP expects derailed train to have some impact on its Australian iron ore exports

Mining giant BHP Billiton expects some interruption to its Australian iron ore exports after a nearly 3-km-long train loaded with the commodity was forcibly derailed this week after running away en route to a key shipping hub. The company said in a statement on Wednesday that its reserves of iron ore at the Port Hedland hub were not expected to cover the entire period of disruption following the incident, and that it would be liaising with its customers about its contractual commitments over that time.  Click here to read full stories.

Nov 07 - LME bets on new contracts to force steel industry change: Andy Home

It's been almost a decade since the iron ore market abandoned the annual benchmark system of pricing. The Global Financial Crisis (GFC) caused such dislocation between annual and spot prices that even sceptics such as Brazil's Vale joined the revolution. Click here to read full stories.

Nov 07 - China's booming alumina exports held steady in October - Chalco president

China's exports of alumina last month were roughly equal to September's bumper volumes, the president of Aluminum Corp of China Ltd, said on Wednesday. "I estimate that October was more or less the same as September," Lu Dongliang told Reuters on the sidelines of a signing ceremony at the China International Import Expo in Shanghai. The Chinese company, also known as Chalco, is one of the world's biggest alumina producers. Click here to read full stories.

Nov 07 - Randgold ready to mediate in Acacia's Tanzania row before Barrick tie-up

Randgold Resources said on Tuesday it would mediate in a tax dispute between Tanzania and Acacia Mining, a firm in which Randgold investors will have a stake if its planned merger with Barrick Gold is approved by shareholders. Randgold Chief Executive Mark Bristow, who will lead the group after the Barrick tie-up, also told Reuters that Barrick could dispose of its Zambian copper mine after the merger. Click here to read full stories.

Nov 07 - For Tahoe Resources, Guatemala troubles underscore tense outlook

A years-long fight over the future of the world's second largest silver mine between Tahoe Resources Inc and opponents of the project shows no signs of abating, creating uncertainty for the U.S. miner and its investors. With environmental and indigenous opponents of Tahoe's Escobal mine vowing it will never again produce silver, the tension is top of mind for Wall Street, and analysts expect the company to post its fifth consecutive quarterly loss on Tuesday. Click here to read full stories.

Nov 07 - Lithium-producer Livent says FMC sale to bring certainty for staff, investors

Lithium producer Livent Corp says majority owner FMC Corp's decision to sell its entire stake by next spring will help it better compete in the fast-moving sector, Chief Executive Paul Graves said on Tuesday. FMC spun Livent off last month in an initial public offering, keeping about 86 percent of Livent's shares. It said on Monday it plans to report lithium division results as part of its own results through the fourth quarter and will sell the entire stake by next March.  Click here to read full stories.

Nov 07 - European automakers BMW, Volvo to trial new LME steel contracts

European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said. The LME is launching three hot rolled coil (HRC) steel futures covering Europe, North America and China early next year, and industry sources told Reuters automakers such as Volvo and BMW were interested in using them. Click here to read full stories.

Nov 07 - Diesel decline to fuel auto demand for aluminium - Constellium

The decline of diesel engines will support the growing use of aluminium in vehicles as the auto industry pursues lighter models to meet emissions targets, the head of aluminium parts maker Constellium said on Tuesday. As a lighter but costlier alternative to steel, aluminium has become a significant part of premium car models and efforts to bring electric-powered vehicles to the mass market has also raised the prospect of wider aluminium use. Click here to read full stories.

Nov 07 - Uranium levels force Glencore unit Katanga to halt cobalt exports

Glencore subsidiary Katanga Mining has halted cobalt exports from its Kamoto Project in Democratic Republic of Congo while it builds a facility to remove uranium, it said on Tuesday. Katanga shares, listed in Toronto, fell around 20 percent by 1654 GMT, while Glencore fell nearly 3 percent in London trade. Click here to read full stories.

Nov 06 - Copper, gold mines now likely cheaper to construct than to buy - research

The cost of building a copper or gold mine is likely to be cheaper than buying an existing one, dampening the prospect of big merger activity in the mining sector, S&P Global Market Intelligence said, citing in-house research. Data shared with Reuters support comments from major miners, including BHP and Rio Tinto, which say their strategy is to build or to "smart buy", if they can possibly find a suitable mine for sale at the right price or acquire part of a promising prospect. Click here to read full stories

Nov 06 - Aluminum trade groups urge U.S. tariff exemptions for Canada, Mexico

Aluminum associations from the United States, Canada and Mexico urged their governments on Monday to reach a deal to eliminate U.S. tariffs on aluminum from Canada and Mexico without imposing any import quotas on their products. The heads of the U.S.-based Aluminum Association, Mexico's IMEDAL and the Aluminum Association of Canada said the full, quota-free exemptions from the 10 percent "Section 232" national security tariffs for products produced within North America should be agreed upon before leaders of the three countries sign the new U.S.-Mexico-Canada Agreement on Nov. 30. Click here to read full stories

Nov 06 - BHP suspends Western Australia rail operations after runaway train incident

BHP Billiton said it had suspended all its iron ore rail operations in Western Australia on Monday after a train ran away at high speed for nearly 100 kilometres before being forcibly derailed. No one was injured and the train, loaded with iron ore, was travelling in a remote area. However, operations would be suspended while an investigation was underway, a spokeswoman for BHP, the world's biggest miner, confirmed. Click here to read full stories

Nov 06 - China Minmetals signs 20 mln T iron ore purchase agreement with Brazil's Vale

State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday. The agreement was signed during a ceremony at the China International Import Expo in Shanghai. China is the world's biggest consumer of the steelmaking ingredient. Click here to read full stories

Nov 06 - Barrick chairman says miner eyes nimble future after Randgold deal

If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal. Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the all-stock deal is seen closing Jan. 1, 2019. Click here to read full stories

Nov 06 - Baowu says China steel output to hit record level in 2018

China's steel output will climb above 900 million tonnes in 2018, the chairman of the country's largest producer of the building material said on Tuesday, marking the highest level on record. Chen Derong, chairman of Baowu Steel, was speaking at the China International Import Expo, or CIIE, in Shanghai. Click here to read full stories

Nov 06 - Supreme Court mulls Virginia ban on mining biggest U.S. uranium deposit

U.S. Supreme Court justices, hearing a challenge to Virginia's moratorium on uranium mining, struggled on Monday over how far states can go to ban mining of the radioactive metal for public health reasons before overstepping federal law. The justices heard an hour of arguments in an appeal by a company called Virginia Uranium, Inc seeking to revive a lawsuit thrown out by a lower court that aimed to invalidate Virginia's ban, enacted in 1982. The company has said that ban conflicts with a federal law regulating nuclear power generation. Click here to read full stories

Nov 06 - Venezuela seeks to repatriate $550 mln of gold from Britain - sources

Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Venezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicolas Maduro's government from borrowing on international markets. Click here to read full stories

Nov 06 - Randgold Resources says Q3 profit jumps helped by lower costs

Randgold Resources said on Tuesday third-quarter profit rose 25 percent on the previous quarter helped by lower costs a day before its shareholders vote on a $6.1 billion tie-up with Barrick Gold. The London-listed miner said profit for the period reached $73.2 million while cash costs fell 18 percent versus the previous quarter to $181.6 million. Click here to read full stories

Nov 05 - China demand for Vale's top iron ore to keep 2019 price above $90/tonne - CFO

Chinese demand for top-quality iron ore from Brazilian miner Vale should stay strong despite trade tensions with the United States, helping the world's top iron ore producer keep its prices for its highest quality ore above $90 per tonne in 2019, an executive said. Chief Financial Officer Luciano Siani said the Chinese demand would also support prices for average quality ore remaining around $60 to $70 per tonne next year. Click here to read full stories

Nov 05 - Rusal's Q3 profit jumps 55 pct q/q as U.S. sanctions postponed

Russian aluminium giant Rusal posted a third-quarter adjusted net profit of $338 million on Monday, up 55 percent from the previous quarter, as sanctions imposed by Washington in April on the Hong Kong-listed company were postponed. Recurring net profit at Rusal was up 42 percent from the second quarter, and up 43 percent from a year ago. Recurring net profit is defined as adjusted net profit plus the company's net effective share in results of Russian mining giant Norilsk Nickel. Click here to read full stories

Nov 05 - Russia's En+ appoints new CEO, drops plan to redomicile to Cyprus

En+ Group has appointed one of its senior managers Vladimir Kiriukhin as its new chief executive, the company said on Friday, as it continues talks with Washington on easing U.S. sanctions. London-listed En+ Group, which manages the energy and aluminium businesses of Oleg Deripaska, is discussing potential exclusion from the U.S. blacklist with the U.S. Treasury, which imposed sanctions on it in April along with Deripaska himself and some of his assets. Click here to read full stories

Nov 05 - Barrick shareholders set to approve Randgold acquisition - sources

Barrick Gold shareholders have voted overwhelmingly in favor of the Canadian miner's $6.1 billion acquisition of Africa-focused Randgold Resources, three people familiar with the preliminary vote count told Reuters on Friday. Around 99 percent of the votes tendered so far by Barrick investors are in support of the all-stock, no premium deal announced in September, two of the people said, surpassing the simple majority required to seal the deal. Click here to read full stories

Nov 05 - AngloGold posts 15 pct drop in Q3 production, but confident of meeting FY target

AngloGold Ashanti Ltd posted a 15 percent drop in quarterly production on Monday, but said it was on track to reach the top end of its full-year production target. Africa's top bullion producer said it expected production to reach the upper end of its guidance of between 3,325,000 ounces and 3,450,000 ounces. Click here to read full stories

Nov 02 - LME says EU clearing house pledge gives time for regulator approval 

The European Union's move to allow EU firms temporary access to UK clearing houses after Brexit should give the London Metal Exchange time to secure approval for its operations, LME Chief Executive Matt Chamberlain said. The European Securities and Markets Authority (ESMA) said earlier this year the exchange may not be able to submit an application to become a recognised third country clearing house until after Britain leaves the European Union.  Click here to read full stories.

Nov 02 - China demand for Vale ore to keep price above $90/tonne in 2019 -CFO 

Chinese demand for top-quality iron ore from Brazilian miner Vale should stay strong despite trade tensions with the United States, helping the world's top iron ore producer keep its prices above $90 per tonne in 2019, an executive said. Chief Financial Officer Luciano Siani said the Chinese demand would also support prices for average quality ore remaining around $60 to $70 per tonne next year. Click here to read full stories.

Nov 02 - LME to test electronic close on other metals if nickel trial succeeds

The London Metal Exchange (LME) plans to extend a trial of using electronic closing prices rather than open outcry for nickel to other metals, its chief executive told the Reuters Global Commodities Summit in London. The LME will begin a three-month trial with the benchmark three-month nickel contract in February and will introduce it for other metals such as aluminium and copper if the programme is successful, Matt Chamberlain said. Click here to read full stories.

Nov 02 - Capital-starved mining sector creates 'buyer's market' for investors 

Specialist mining investors have found a "buyer's market" for projects as the mining sector struggles to compete for funding with new industries, multiple industry executives said at a conference this week. Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors such as private equity or companies that seek returns in mining royalties, the executives said. Click here to read full stories.

Nov 02 - The cold military logic behind Trump's trade war: Andy Home 

The U.S. military has a tent problem. The only domestic supplier of the specialist polyester fibre used in its tents has gone out of business with potential "significant impact to multiple tent and fabric systems", according to a multi-agency assessment of weaknesses in the U.S. defence complex. Click here to read full stories.

Nov 02 - Japan trading house Mitsubishi Corp lifts full-year profit f'cast  

Japan's biggest trading house Mitsubishi Corp on Friday reported a 22 percent rise in its April-September net profit due to higher coking coal output and stronger commodity prices, and lifted its full-year outlook to a record level. Mitsubishi's net profit grew to a 309.3 billion yen ($3.01 billion) for the six months to Sept. 30 from 254 billion yen a year ago. Click here to read full stories.

Nov 02 - Trump increases pressure on Venezuela with sanctions on gold 

U.S. President Donald Trump increased economic pressure on Venezuela's leftist President Nicolas Maduro on Thursday with new sanctions aimed at disrupting the South American country's gold exports. Trump signed an executive order to ban anyone in the United States from dealing with entities and people involved with "corrupt or deceptive" gold sales from Venezuela, Trump's national security adviser John Bolton said in a speech in Miami. Click here to read full stories.

Nov 02 - U.S. Steel profit beats; forecast cut weighs on shares 

United States Steel Corp beat Wall Street estimates for quarterly profit on Thursday, as the Trump administration's hefty tariffs on imported steel boosted prices and shipments. However, shares of the company fell 3 percent after it cut its full-year adjusted earnings before interest, tax, depreciation and amortization (EBITDA) and said it was seeing lower customer orders as steel prices fall from their highs. Click here to read full stories.

Nov 02 - Russia's MMK says Q3 core earnings up 26 pct year on year 

Russian steelmaker MMK said on Friday that third-quarter core earnings rose 26 percent year on year to $671 million, beating expectations. Analysts at nine banks polled by Reuters expected earnings before interest, taxation, depreciation and amortisation (EBITDA) to total $637.7 million. Click here to read full stories.

Nov 01 - BHP to return $10.4 bln in buyback, special dividend bonanza 

Top global miner BHP on Thursday said it would buy back shares and pay a special dividend to return $10.4 billion to shareholders, sticking to a promise to hand back all of the proceeds from the sale of its U.S. shale business. Investors cheered the massive return and the split between a $5.2 billion off-market buyback and a $5.2 billion special dividend, sending BHP's Australian shares up as much as 6.2 percent. Click here to read full stories.

Nov 01 - Deutsche Boerse launches EEX Asia in Singapore to grow in Asian commodity markets 

German exchange group Deutsche Boerse is revamping its Asian business with the launch of its European Energy Exchange (EEX) in Singapore, looking to boost its business in the world's fastest growing commodity markets. Deutsche Boerse, which has global ambitions for EEX, said it would rebrand its Singapore-based subsidiary Cleartrade Exchange (CLTX) as EEX Asia, offering futures contracts on freight and seaborne commodities such as fuel oil and iron ore. Click here to read full stories.

Nov 01 - Gold price increase to dampen Indian festive purchases - WGC 

Indian gold demand in 2018 is expected to fall from the previous year as a rally in local prices to five-year highs is likely to dent purchases during key festivals in the December quarter, the World Gold Council (WGC) said on Thursday. A fall in demand from the world's second-biggest bullion buyer could weigh on global prices that are already down 6.5 percent so far this year. But lower imports could also help the South Asian country reduce its trade deficit and support a weak rupee, which hit a record low last month. Click here to read full stories.

Nov 01 - ArcelorMittal expects further growth after Q3 profit surge 

ArcelorMittal, the world's largest steelmaker, on Thursday reported a 42 percent increase in third-quarter core profit and said results would improve further as demand for steel continued to grow. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the July-September period came in at $2.7 billion, compared with an average forecast of $2.75 billion in a company-compiled poll of 20 analysts. Click here to read full stories.

Nov 01 - China steel sector profits surge 86 pct from Jan-Sept - assn 

Profits in China's steel sector surged 86 percent from January to September this year thanks to a further recovery in prices as well as efforts to tackle overcapacity, the China Iron and Steel Association (CISA) said. At a quarterly briefing held on Wednesday, CISA said its member companies saw aggregate net profits reach 229.96 billion yuan ($32.98 billion) in the first nine months of the year, up 86 percent compared to a year earlier. Click here to read full stories.

Nov 01 - Barrick, Randgold sweeten dividend ahead of takeover deal vote 

Canada's Barrick Gold and takeover target Randgold Resources are boosting their dividend payouts ahead of shareholder votes next week on their $6.1 billion deal, the miners said Wednesday. Barrick's all-stock purchase of the African miner, announced in September, spurred some analyst criticism because it lacked a premium for Randgold, which has a record of strong operational and financial performance. Click here to read full stories.

Nov 01 - Steinweg approved by ShFE as an official warehouse in mainland china 

Logistics and warehousing firm C. Steinweg has been approved by by the Shanghai Futures Exchange (ShFE) as an official warehouse in mainland China, the company said on its website. "The approved location in Yangshan Free Trade Port, which finished construction only in August of 2017 offers now both bonded and SFE storage," Steinweg said, adding that at full capacity it could hold up to half a million tonnes of metal. Click here to read full stories.

Nov 01 - S.Africa's Gold Fields union to strike over job cuts 

Bullion producer Gold Fields said on Thursday its majority union would embark on a strike over planned job cuts at its sole South African asset, South Deep, threatening production and stoking further lay-offs. Gold Fields plans to slash about 1,100 jobs, a near third of its workforce, at South Deep mine, which has been embroiled in operational issues as the company has tried to mechanise the operation in the face of challenging geology 3 kms (2 miles) below the surface. Click here to read full stories.

Nov 01 - Sumitomo lowers nickel output forecast at Ambatovy mine in Madagascar 

Japanese trading house Sumitomo Corp on Thursday lowered its forecast for nickel output at its Ambatovy project in Madagascar to slightly above 40,000 tonnes in the year to March 31, below its projection in May of 48,000 tonnes. Due to lower production amid bad weather and a slow ramp-up after a regular maintenance, Sumitomo now expects a loss of 13.6 billion yen ($120.47 million) from the Ambatovy project in the current year, against its earlier estimate of a 9.8 billion yen loss, Chief Financial Officer Koichi Takahata told a news conference. Click here to read full stories.

Nov 01 - Lithium miner SQM shares climb after Chile court rejects appeals 

Shares of Chilean lithium miner SQM jumped during midday trading on Wednesday, a day after Chile's anti-trust court rejected appeals to block Tianqi Lithium Corp's $4.1 billion offer to buy a stake in SQM, the world's No. 2 lithium producer. SQM B-shares jumped 3.69 percent to 30,200 pesos ($43.23) at 12:07 local time (1506 GMT)on Santiago's Stock Exchange. Click here to read full stories.

Oct 31 - Gold industry sees prices rising to $1,532/oz over 12 months 

The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association's annual gathering predicted on Tuesday. A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year's time for silver, platinum and palladium. Click here to read full stories.

Oct 31 - Like Silicon Valley? Miners face uphill slog in drive to go digital: Clyde Russell 

The mining industry wants to shed its image as a low-tech shoveller of dirt and instead be seen as a cutting edge digital-savvy employer of choice. It's a feat that could be compared to teaching an elephant to ballet dance. While mining companies have been quick to adopt new technologies to drive costs lower, there is an increasing recognition that the industry needs to embrace the so-called digital revolution if it is to prosper in the future. Click here to read full stories.

Oct 31 - China's Tsingshan rains on nickel bulls' party: Andy Home 

Has nickel lost its electric buzz? Bull spirits had been galvanised by the potential boost to demand from the electric vehicle revolution. Nickel is expected to be one of the winners in the battle for more efficient batteries. Click here to read full stories.

Oct 31 - Three cities in industrial Chinese province of Hebei issue pollution alerts - state media 

Three cities in China's northern province of Hebei have issued second-level or 'orange' pollution alerts, a state-back newspaper reported on Wednesday, forcing industrial plants to cut output. The major steelmaking hub of Handan, provincial capital Shijiazhuang and the city of Xingtai, are set to enforce emergency smog reduction measures from 6.p.m local time (1000 GMT) on Wednesday that will last until further notice, the Hebei Daily reported. Click here to read full stories.

Oct 31 - S.Africa's Implats in talks to sell 1 Shaft operations in Rustenberg 

South Africa's Impala Platinum (Implats) said on Wednesday it was in talks to sell its 1 Shaft operation in Rustenburg in a bid to make its struggling mines profitable. Implats plans to trim staff by about a third -- more than 13,000 jobs -- over two years at its labour-intensive, conventional operations in the Rustenburg platinum belt, where its 1 Shaft was scheduled to be put on care and maintenance. Click here to read full stories.

Oct 31 - Anglo Pacific aims to expand using $100 mln warchest 

Anglo Pacific has a warchest of $100 million to spend on two new revenue streams over the coming months, preferably in the Americas, its chief executive said at the Reuters Global Commodities Summit. Anglo Pacific, the only small-cap, global, non-precious metals royalty company, has reported record revenues this year and a more than tripling in free cash flow as a reluctance to invest in the mining sector has driven companies to sell royalties as they struggle for finance. Click here to read full stories.

Oct 31 - EU opens deeper probe into Thyssenkrupp, Tata steel deal 

The European Commission has opened a deeper investigation into Thyssenkrupp's planned steel joint venture with Tata Steel over concerns that it could raise prices and harm competition. The so-called Phase II investigation was widely expected and follows a similar probe into ArcelorMittal's takeover of Italy's Ilva, which was cleared only after the group pledged to sell assets. Click here to read full stories.

Oct 31 - Chile's antitrust court rejects appeals against Tianqi deal 

Chile's antitrust court on Tuesday rejected appeals filed against its authorization of Tianqi Lithium Corp's $4.1 billion purchase of a stake in lithium producer SQM, Tianqi said on Tuesday. The decision marks the latest legal victory for Tianqi, a Chinese miner seeking to acquire 24 percent of Chile's SQM, the world's No.2 lithium miner, as Beijing promotes electric vehicles that rely on the metal. Click here to read full stories.

Oct 31 - Apollo in advanced talks to acquire Arconic -sources 

Private equity firm Apollo Global Management LLC is in advanced negotiations to acquire U.S. aluminum products maker Arconic Inc for more than $11 billion, people familiar with the matter said on Tuesday. The deal would be one of the largest leveraged buyouts of the year. It would come after U.S. President Donald Trump's imposition of aluminum tariffs this year drove up some costs for Arconic, which makes aluminum components for cars and airplanes. Click here to read full stories.

Oct 30 - Rio Tinto sees new-style partnerships as the future 

Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday. The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented the copper price, and is struggling to win investor trust. Click here to read full stories.

Oct 30 - U.S. steel tariff fight stirs up a swarm of WTO litigation 

The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over U.S. metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The U.S. tariffs attracted an unprecedented seven requests for WTO adjudication, as well as a slew of criticism, at a fractious WTO dispute settlement meeting, while the United States hit back with legal actions against its critics. Click here to read full stories.

Oct 30 - BHP trims forecasts for U.S., China GDP growth due to trade conflict 

The world's biggest miner BHP Billiton has trimmed its expectations of global growth for next year and 2020 due to a "lose-lose" result from the U.S.-China trade conflict, a senior executive said on Tuesday. BHP's modelling suggested the trade row would cut both Chinese and U.S. GDP growth by about a half to three quarters of a percentage point, Chief Commercial Officer Arnoud Balhuizen told the IMARC mining conference in Melbourne. Click here to read full stories.

Oct 30 - Lead, the bull market no-one wants to buy into: Andy Home 

Historically low stocks, a yawning supply deficit and a depleted pipeline of future mine growth. Lead has all the hallmarks of a classic bull commodity story. Yet the unglamorous metal has been the worst performer this year among the core base metals traded on the London Metal Exchange (LME). Click here to read full stories.

Oct 30 - Friction likely as Korean court orders Nippon Steel to compensate WWII workers 

South Korea's top court ruled on Tuesday Japan's Nippon Steel & Sumitomo Metal Corp. should compensate four South Koreans for their forced labour during World War Two, a decision that could freeze ties between the uneasy neighbours. Nippon Steel said the verdict was "deeply regrettable" and that it would review it before taking any next steps. Japan's Foreign Ministry said it would summon the South Korean ambassador. Click here to read full stories.

Oct 30 - Malaysia gives Lynas until Feb. 15 to store rare earths residue 

Malaysia will allow Australian rare earths miner Lynas Corp to store residue at its ore processing plant until Feb. 15, the environment ministry said on Tuesday. Lynas announced that it was granted an extension for a temporary permit to store residue from the processing plant on Monday without giving a date for its expiration. Click here to read full stories.

Oct 30 - Japanese trading house Mitsui lifts full-yr profit forecast on stronger oil prices 

Japanese trading house Mitsui & Co on Tuesday reported a 6.5 percent fall in net profit for the April-September period, but lifted its full-year earnings outlook to a record level in the wake of higher oil prices. Japanese trading companies have benefited from higher prices for commodities such as oil and iron ore, while their results also reflect healthy earnings in non-resource segments which they have strengthened since the last commodities down-cycle. Click here to read full stories.

Oct 30 - Zimbabwe lithium miner sees first production in Q2 next year 

Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. John McTaggart said ZLC was in discussion with several finance groups and was confident of securing funding for the plant, which it expects to produce its first concentrates of 4,000 tonnes per month in the second quarter of next year. Click here to read full stories.

Oct 30 - Horizonte Minerals shares tank on lower nickel project profitability 

Shares in Horizonte Minerals saw their biggest one-day drop in over two years on Monday after the company said the nickel mine it plans to build will be less profitable than previous estimated. London-listed shares in the nickel development company closed down 9.7 percent at 3.3 pence, its biggest one-day fall since June 2016. The stock is also listed in Toronto. Click here to read full stories.

Oct 29 - Rio Tinto says deal to sell stake in Guinean iron ore project has lapsed 

Global miner Rio Tinto on Monday said a non-binding 2016 agreement for Aluminum Corp of China (Chinalco) to acquire the company's entire stake in the Simandou iron ore project in the West African nation of Guinea has lapsed. "Rio Tinto and Chinalco ... will continue to work with the government of Guinea to explore other options to realise value from the world-class Simandou iron ore deposit," the miner said in a statement. Click here to read full stories.

Oct 29 - Gold to stage modest recovery from 19-month lows - poll

Banks and brokerages have cut their average gold price forecasts for this year and 2019 after the metal slumped to 19-month lows in August, but they still expect prices to stage a modest recovery, a Reuters poll showed on Monday. Spot gold will average $1,273 an ounce in 2018 and $1,300 in 2019, according to the poll of 39 analysts and traders conducted this month.  Click here to read full stories.

Oct 29 - Palladium's premium safe as platinum braces for worst year since 2004 - poll

Palladium's price premium over platinum will widen next year, with palladium set for its best year on record while platinum slumps to its worst performance since 2004, a Reuters poll showed on Monday. Shortages of palladium and surpluses of platinum have flipped the usual hierarchy between the two metals, both used in catalytic converters to reduce vehicle emissions. Click here to read full stories.

Oct 29 - Steel capacity set to expand just as demand growth ebbs 

Spurred by a steel-price rally, firms are pouring money into new plants that are set to start producing just as growth in demand for the construction material shrinks, industry executives say, challenging the market's prevailing bull narrative. Steel prices are up 70 percent since hitting decade lows in late 2015, driven by a cyclical upturn, rising protectionism and nearly 150 million tonnes of capacity cuts in China, producer of half the world's 1.6 billion tonnes of steel.  Click here to read full stories.

Oct 29 - Japan steel industry group head worried about signs of slowing China economy 

The head of the Japanese steel industry group said on Monday that he is worried about signs of a slowing Chinese economy. "The U.S.-China trade spat still has limited impact on Japanese steelmakers' business, but we are concerned about signs of a weakening economy in China," Japan Iron and Steel Federation Chairman Koji Kakigi told a news conference. Click here to read full stories.

Oct 29 - Lynas wins Malaysian rare earth storage extension, shares jump 

Australian rare earths miner Lynas Corp said on Monday it has been granted an extension to a temporary permit to store residue at its Malaysian site, pushing its shares up more than 8 percent. Lynas' Malaysian operations have been under scrutiny by the country's new government over concerns that its six-year-old plant that processes rare earths used in industrial magnets is harmful to the environment. Click here to read full stories.

Oct 29 - Copper price to spring back in 2019, zinc seen flat - Reuters poll

Copper prices are due to rebound next year as healthy supply/demand fundamentals overcome macro-economic worries, but zinc will be held back by rising output, a Reuters poll showed.   The London Metal Exchange index of industrial metals has shed 13 percent this year, largely due to disquiet about trade tensions and slowing growth in top metals consumer China, despite signs of potential shortages of many metals. Click here to read full stories.

Oct 29 - Speculators trim net short position in COMEX gold - CFTC 

Hedge funds and money managers cut their net short position in Comex gold contracts in the week to Oct. 23, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also trimmed their net short position in silver contracts and raised their net short position in copper contracts, the data showed. Click here to read full stories.

Oct 29 - Lithium miner SQM shares up but risks to Tianqi deal linger 

Shares of Chile's SQM rose as much as 2.7 percent on Friday, a day after the country's Constitutional Court rejected a lawsuit to block Tianqi Lithium Corp's $4.1 billion offer to buy a stake in SQM, the world's No. 2 lithium producer. The lawsuit, brought by SQM majority shareholder Julio Ponce Lerou, was meant to scuttle an agreement struck between Chile's antitrust regulators and China-based miner Tianqi. Ponce's lawyers argued the deal had been struck "practically in secret" and failed to follow due process.  Click here to read full stories.

Oct 29 - Brazil's Usiminas sees stable steel prices; 3rd-qtr profit beats view 

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas) on Friday forecast stable steel prices in the final three months of the year, following a 10 percent rise in the third quarter. Rising steel prices, along with a currency boost for exports, boosted quarterly profit at Usiminas to 289 million reais ($79 million), almost four times higher than a year earlier, topping the Refinitiv average estimate of 188 million reais. Click here to read full stories.

Oct 26 - Chilean court rejects lawsuit to block SQM stake sale to Tianqi 

Chile's Constitutional Court on Thursday rejected a lawsuit to block Chinese miner Tianqi Lithium Corp's $4.1 billion purchase of a stake in Chilean lithium miner SQM, all but clearing the way for the transaction to close. In a 3-2 ruling, the court said the lawsuit was "inadmissible" and lifted its suspension of the sale to Tianqi of a 24 percent holding in SQM, the world's No. 2 lithium miner. Click here to read full stories.

Oct 26 - India's Essar Steel creditors' panel chooses ArcelorMittal's joint bid 

The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan's Nippon Steel & Sumitomo Metal Corp as the winning bidders for the asset, Nippon Steel said in a statement on Friday. The two companies would pay a total of $5.7 billion to buy Essar Steel, a Nippon Steel spokesman said. ArcelorMittal would own a majority stake, and Nippon Steel would own a nearly equal stake, he added. Click here to read full stories.

Oct 26 - Glencore posts rise in copper, cobalt output on Katanga restart 

Glencore Plc on Friday reported a 12 percent rise in copper production so far this year, while cobalt production rose 44 percent, boosted by the restart of Katanga's processing operations in the Democratic Republic of Congo. The London-listed miner and commodities trader, which posted record half-year earnings in October, has seen higher costs and lower prices for cobalt and other byproducts. Click here to read full stories.

Oct 26 - Hands off Brazil's niobium: Bolsonaro sees China as threat to utopian vision

Jair Bolsonaro, the far-right candidate favored to win Brazil's presidential election this Sunday, has a vision for his nation's economy: niobium. This mineral is used as an additive to steel to make the metal stronger and lighter. Niobium is in high demand by automakers, aerospace companies and a host of other industries. Click here to read full stories.

Oct 26 - Barrick Gold sees potential to expand Tier 1 assets 

Barrick Gold Corp could have nine of the world's top gold mines in a relatively short time under its $6.1 billion acquisition of African miner Randgold Resources Ltd, Barrick Executive Chairman John Thornton said Thursday. Barrick and Randgold will focus on Tier 1 assets, ones that produce 500,000 ounces of gold annually, have a mine life of more than 10 years and are low cost. The combined company, subject to a Nov. 5 shareholder vote, will have five of the world's top 10 Tier 1 assets, Thornton said. Click here to read full stories.

Oct 26 - Steelmaker SSAB forecasts firm demand as Q3 profit lags 

Swedish steelmaker SSAB on Friday reported quarterly core operating earnings just below markets expectations and said it expected continued solid demand in the fourth quarter. The company's third-quarter operating profit, adjusted for one-off costs, rose to 1.60 billion Swedish crowns ($175.3 million) from 1.09 billion crowns a year ago, lagging a 1.66 billion crown mean forecast in a poll of analysts. Click here to read full stories.

Oct 26 - Teck Resources profit slumps as prices drop, costs climb

Diversified miner Teck Resources Ltd, the world's second-biggest exporter of steel-making coal, reported lower-than-expected third-quarter earnings on Thursday, hit by declining commodity prices and higher costs. A number of one-time events also weighed on the quarter, including delayed zinc sales and higher costs at the Trail smelter due to forest fire smoke, adding up to C$58 million ($44.39 million), TD Securities analyst Greg Barnes said in a note. Click here to read full stories.

Oct 26 - South Africa's top court ruling curtails power of chiefs to cut mining deals 

South Africa's top court ruled on Thursday that a platinum miner that has a deal with a tribal chief could not evict a group of black farmers, in a decision that could curtail the power of traditional leaders whose deals often disadvantage poor blacks. Land rights are a red-hot issue ahead of elections in 2019 as the African National Congress (ANC) moves for constitutional change aimed at a more equitable distribution of land. Click here to read full stories.

Oct 26 - Saudi miner Ma'aden actively looking for overseas investments - CEO 

Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the kingdom, the company's chief executive said on Thursday. Ma'aden, which mines gold and copper and has in recent years expanded into the production of aluminium and phosphates, is key to Saudi Arabia's plan to diversify its economy away from hydrocarbons. The government aims to more than triple mining's contribution to the nation's economic output by 2030. Click here to read full stories.

Oct 24 - Antofagasta trims top end of copper output guidance in "tight" market 

Chilean copper producer Antofagasta brought down the top end of its guidance range for full year copper production on Wednesday, as ongoing fears about global trade disruptions continue to impact the market. Antofagasta joins other major miners - BHP Billiton and Rio Tinto - that have also signalled lower copper output this year.  Click here to read full stories.

Oct 24 - Palladium hits record high, in sight of parity with gold 

Palladium soared to a record high on Tuesday, bringing the metal to within striking distance of achieving parity with gold after it outshone other precious metals including its closest rival, platinum, this year. A combination of factors, from tight supplies and large deficits to resurgent interest from speculative investors, has kept the platinum group metal (PGM) on the boil. Click here to read full stories.

Oct 24 - Alumina squeeze hits already slowing global aluminium growth: Andy Home 

Global aluminium production growth has ground to a halt this year. Cumulative production grew by just 0.3 percent in the first nine months, the slowest rate of expansion since the Global Financial Crisis (GFC) in 2008-2009. Smelter outages in Canada and Brazil continue to constrain run rates in the Western World, while structural reform in China is capping output in the world's largest aluminium producing nation. Click here to read full stories.

Oct 24 - Norsk Hydro Q3 beats forecast, Alunorte outlook still uncertain 

Norwegian aluminium producer Norsk Hydro's third-quarter earnings far exceeded forecasts on Wednesday amid rising metals prices, but the company is still in the dark over when its key Brazilian alumina plant can return to full production. The company won permits from Brazilian authorities earlier this month to restart operations at half capacity at its Alunorte alumina refinery, the world's largest.  Click here to read full stories.

Oct 24 - Miner Fresnillo trims silver output guidance  

Precious metals miner Fresnillo Plc has cut its guidance for silver production this year for a second time, after posting lower-than-expected production for the metal in the third quarter, primarily due to lower than expected ore grades at two of its mines. The Mexico-focused miner said on Wednesday it was trimming its output guidance to between 62 million ounces and 64.5 million ounces from a range of 64.5 million to 67.5 million earlier. Click here to read full stories.

Oct 24 - Australia's Newcrest Mining 1st-qtr gold output rises 5 pct 

Newcrest Mining Ltd, Australia's largest independent gold miner, said on Wednesday that gold production rose 5 percent in the first quarter from the year-ago period, led by a sharp increase at its flagship Cadia mine. Production rose to 548,351 ounces for the quarter ended Sept. 30 from 522,917 ounces a year ago. This was less than the UBS forecast of 619,000 ounces, and below the 634,950 ounces in the prior quarter. Click here to read full stories.

Oct 24 - Cerro Matoso owes Colombia more than $56 mln in royalties - comptroller 

The Cerro Matoso nickel mine, owned by Australian miner South32, owes more than $56 million in unpaid royalties to Colombia, the country's comptroller said on Tuesday. The company, which produced 40,600 tonnes of ferronickel in 2017, applied incorrect discounts to its royalty payments over several multi-year periods, the comptroller said in a statement. Click here to read full stories.

Oct 23 - China Sept alumina exports surge to highest level this year 

China's alumina exports in September surged more than fivefold from August to 165,839 tonnes, according to customs data released on Tuesday, the highest monthly volume this year. Last month's exports rose from 29,722 tonnes in August and were up more than 3,400 percent from a year earlier, the General Administration of Customs said. Click here to read full stories.

Oct 23 - Russian steelmaker Severstal heeds Kremlin's investment call 

Russian steelmaker Severstal  has prepared a long-term investment programme worth several billion dollars in response to a Kremlin call for major spending at home, the company's chief executive Alexander Shevelev said. Negotiations between the government and major Russian metals and mining firms have been taking place since August, when Kremlin aide Andrei Belousov first proposed imposing on them a windfall tax to raise additional revenue for the state budget, sending their share prices lower. Click here to read full stories.

Oct 23 - Copper market in 47,000 tonnes deficit in Jul 2018 - ICSG 

The global world refined copper market showed a 47,000 tonnes deficit in July, compared with a 38,000 tonnes deficit in June, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 7 months of the year, the market was in a 157,000 tonnes deficit compared with a 188,000 tonnes deficit in the same period a year earlier, the ICSG said. Click here to read full stories.

Oct 23 - Coronado coal float flops on Australian market debut  

Coronado Global Resources, Australia's biggest coal mining IPO since 2012, fell as much as 8.5 percent below its float price on the first day of trading on Tuesday, even after being priced at the bottom end of the offered range. Coronado's shares debuted at A$3.80, 5 percent below the issue price of A$4.00 and fell as low as A$3.66 in early trading on the Australian stock exchange. Click here to read full stories.

Oct 23 - Chile's Constitutional Court delays decision on SQM-Tianqi sale 

Chile's Constitutional Court on Monday delayed to Thursday a hearing into the contested sale of local lithium miner SQM to Chinese firm Tianqi. The court's president said an "extraordinary session" would decide whether to hear in full a complaint by SQM's majority shareholder that the country's antitrust court failed to follow due process in approving a settlement between Tianqi and Chilean regulators. Click here to read full stories.

Oct 23 - Arconic weighs $11 bln offer from Apollo - sources 

Aluminum products maker Arconic Inc's board of directors is mulling an $11 billion acquisition offer it received last Friday from buyout firm Apollo Global Management LLC, according to people familiar with the matter. The offer is at a small premium to where Arconic shares are trading, adding pressure on the U.S. company to decide if it will remain independent after President Donald Trump's imposition of aluminum tariffs drove up its costs this year and weighed on business prospects. Click here to read full stories.

Oct 23 - Global aluminium output falls to 5.301 mln T in Sept - IAI 

Global primary aluminium output fell to 5.301 million tonnes in September from revised 5.485 million tonnes in August, data from the International Aluminium Institute (IAI) showed on Monday. Estimated Chinese production fell to 3.01 million tonnes in September from 3.12 million tonnes in August, it added. Click here to read full stories.

Oct 23 - POSCO posts highest quarterly profit since 2011 on strong steel prices 

South Korea's top steelmaker POSCO posted its highest quarterly profit since 2011 and said it expected sales for all of 2018 to be lifted by higher steel prices. The world's fifth-largest steelmaker raised its revenue outlook for the full-year to 64.8 trillion won ($57.0 billion) from its previous forecast of 64.1 trillion won in July, POSCO said in its filing on Tuesday. Click here to read full stories.

Oct 23 - Anglo American reports 1 pct rise in Q3 output 

Anglo American on Tuesday reported lower diamond, coal and iron ore production in the third quarter, linked to planned outages, but its overall output rose thanks to a 17 percent increase in copper production versus a year earlier. Chief Executive Mark Cutifani said cost cutting and the pursuit of efficiency boosted production per employee by 5 percent in 2018, compared to 2017. Click here to read full stories.

Oct 22 - Nutrien vows to 'protect interests' over threat to SQM sale -paper 

Canada's Nutrien, whose attempt to sell its stake in Chilean lithium miner SQM to China's Tianqi has been stalled by a row about competitive risks, vowed to "protect its interests" in an interview with a Chilean newspaper published on Sunday. Michael Webb, the executive vice president of fertilizer company Nutrien, accused Julio Ponce, SQM's largest shareholder, of prioritizing "personal benefit" by asking a court to block the $4 billion deal.  Click here to read full stories.

Oct 22 - Flow of LME nickel to hidden storage dents bull story 

The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk by about 40 percent this year, largely from warehouses in Malaysia, Taiwan and Singapore, but much of that metal is not being consumed, industry sources and analysts said. Click here to read full stories.

Oct 22 - China's winter pollution cuts may boost high-grade iron ore: Russell 

With China's anti-pollution restrictions starting to take effect, one of the conventional market wisdoms is that this will boost demand for high-grade iron ore. The logic is sound: If steel mills are restricted as to how much they can pollute, they will use the best possible quality iron ore in order to maximise the amount of steel produced relative to the energy consumed. Click here to read full stories.

Oct 22 - Tokyo Steel to hold product prices steady for 9th straight month 

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it would hold steel product prices steady in November amid rising local inventory in steel sheets and weaker prices abroad. This will mark the ninth straight month that Tokyo Steel has kept prices unchanged. It last raised prices in February. Click here to read full stories.

Oct 22 - Lonmin gets $200 mln purchase pact, committed to Sibanye deal 

Lonmin Plc on Monday signed a $200 million metal purchase agreement, which will provide the platinum miner better liquidity as it awaits the closure of Sibanye-Stillwater's takeover of the company. However, the new facilities still do not address "fundamental business challenges facing Lonmin and do not offer an opportunity to avoid the announced retrenchments and shaft closures," Chief Executive Officer Ben Magara said. Click here to read full stories.

Oct 22 - BASF selects Finland for electric vehicle battery materials site 

Germany's BASF has selected Finland as the first location for a plant to produce battery materials for Europe's automotive market, the chemicals group said on Monday. The group also said that it had entered a long-term supply agreement for nickel and cobalt with Russia's Nornickel, which it said would secure the supply of raw materials for battery production in Europe. Click here to read full stories.

Oct 22 - German steel sector warns against abrupt halt to coal-fired power 

An abrupt end to coal-fired power generation in Germany would damage the steel industry's competitiveness by pushing up electricity prices, the head of the country's steel association warned on Monday. Hans Juergen Kerkhoff said he expects rising power prices from a hasty withdrawal from coal to lead to additional electricity costs of between 140 million euros and 220 million euros ($161 million to $253 million) a year for the steel industry. Click here to read full stories.

Oct 22 - London gold association plans to approve blockchain trackers 

The London Bullion Market Association (LBMA) is planning to help modernise and improve transparency in the industry with an approval process for companies using blockchain technology to track the movement of gold. The embracing of blockchain, the technology behind bitcoin, aims to exclude from the global supply chain metal that is illegally mined or traded or used to finance conflict. Click here to read full stories.

Oct 22 - Thyssenkrupp declares force majeure on low Rhine water levels 

German industrial conglomerate Thyssenkrupp has declared force majeure as the Rhine's extremely low water levels are disrupting the delivery of raw materials to its Duisburg plant, the company said on Friday. "Output will be scaled back accordingly," it said in a statement, adding that consequences were being assessed. Click here to read full stories.

Oct 22 - China regions accused of faking pollution compliance in new probe 

Four more Chinese regions have been accused of faking efforts to rectify environmental problems and paying only lip service to the country's war on pollution, according to reports published by the environment ministry on Monday. The provinces of Henan and Yunnan, as well as the region of Guangxi, were accused of "superficial", "fake" or "perfunctory" rectifications, according to the latest reviews published by the Ministry of Ecology and Environment (MEE). Click here to read full stories.

Oct 22 - S peculators cut net short position in COMEX gold - CFTC 

Hedge funds and money managers trimmed their net short position in COMEX gold contracts in the week to Oct. 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also cut their net short positions in silver contracts and copper contracts in the week, the data showed. Gold speculators cut their net short position by 65,637 contracts to 37,372 contracts, according to CFTC data, to the smallest since late July. Click here to read full stories.

Oct 22 - 'You are an embarrassment': Miner Cleveland-Cliffs' CEO blasts financial analysts 

Iron ore producer Cleveland-Cliffs Inc Chief Executive Officer Lourenco Goncalves slammed Wall Street financial analysts on Friday, saying some of them were an "embarrassment" and did not understand his company's business. Responding to a question by B. Riley analyst Lucas Pipes during the company's quarterly earnings conference call, Goncalves blasted other analysts for what he called their inability to "read numbers." Click here to read full stories.

Oct 19 - U.S. asks for WTO panel over metals tariff retaliation 

The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminium, according to a U.S. official familiar with the matter. The requests, filed on Thursday, cover tariffs by China, the European Union, Canada and Mexico, which followed the United States imposing a 25 percent duty on steel imports and a 10 percent tariff on aluminium imports, which it justified on national security grounds. Click here to read full stories.

Oct 19 - A water fight in Chile's Atacama raises questions over lithium mining 

Earlier this year, the world's two biggest lithium producers publicly celebrated new deals with Chile's government that will allow them to vastly increase output of the ultralight battery metal from the Atacama, the world's driest desert. U.S.-based Albemarle Corp and Chile's SQM operate just 3 miles (5 km) apart in the remote Salar, a basin in the Atacama that is home to one of the world's richest deposits of high-grade lithium. Lithium-ion batteries are key components for most consumer electronics, from cellphones and laptops to electric cars. Click here to read full stories.

Oct 19 - China Sept daily steel output hits record high ahead of winter smog cuts 

China's daily steel output hit a record high in September, as mills in the world's top producer rushed to cash in on strong profit margins before the start of winter production curbs aimed at tackling smog. Crude steel production reached 80.85 million tonnes last month, up from August's 80.33 million tonnes and well above 71.83 million tonnes in September last year, data from the National Bureau of Statistics showed on Friday. Click here to read full stories.

Oct 19 - China Sept aluminium output falls on higher costs 

China's primary aluminium production fell for a second straight month in September and slid to its lowest level since May, as weaker aluminium prices and higher input costs led smelters to cut back output. The world's top aluminium producer churned out 2.79 million tonnes of the metal last month, according to data from the National Bureau of Statistics released on Friday. Click here to read full stories.

Oct 19 - Nucor profit miss, steel market oversupply worries dent shares 

Nucor Corp posted a quarterly profit short of analysts' forecasts on Thursday and investor concerns that the U.S. steel market may be grappling with oversupply, undermining President Donald Trump's tariffs on imported steel, sent the company's shares lower. Shares of the largest steel producer in the United States fell as much as 3.7 percent to $56.91, as a dip in steel shipments from the second quarter put investors on alert that the market may be oversupplied. Click here to read full stories.

Oct 19 - China seen sustaining recovery in global mining M&A 

A rebound in mining mergers and acquisitions is set to continue into 2019, led by companies from top metals consumer China, as a dearth of exploration spending leaves the industry in need of fresh investment, delegates told a conference on Thursday. Sector M&A in mining powerhouse Canada had its best quarter in more than seven years in July-September, spurred by Barrick Gold Corp's planned $6.5 billion acquisition of Randgold and Chinese firm Zijin Mining's C$1.86 billion ($1.43 billion) deal to buy Nevsun Resources.  Click here to read full stories.

Oct 19 - Global nickel market deficit narrows - INSG 

The global nickel market deficit narrowed to 7,100 tonnes in August from the previous month's revised deficit of 16,500 tonnes, the International Nickel Study Group (INSG) said on Thursday. During the first eight months of the year the deficit widened to 102,600 tonnes from 60,800 tonnes in the same period of 2017, the data showed. Click here to read full stories.

Oct 19 - Acacia Mining threatens to invoke investment treaty in Tanzania dispute 

Acacia Mining said on Friday it would seek direct dialogue with Tanzania over a long-running tax dispute and threatened to invoke a bilateral investment treaty should a settlement not be reached. Acacia's parent Barrick Gold has been negotiating with the Tanzanian government on behalf of London-listed Acacia for 19 months but no final settlement has been reached. Click here to read full stories.

Oct 19 - De Beers eyes tech markets for synthetic diamonds future 

Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94 million factory in Portland, Oregon, an expansion that comes as scientists from Moscow to London push to develop diamonds for futuristic applications. Click here to read full stories.

Oct 19 - Canada drops U.S.-made aluminum-can tariff amid beer can shortage 

Canada's move to drop a 10 percent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans, according to brewing industry executives. The aluminum products excluded from tariffs last week include cans that brewers have been struggling to keep in stock, said Luke Harford, president of trade association Beer Canada. Reuters reported in July that some Canadian breweries were scrambling to find aluminum cans. Click here to read full stories.

Oct 18 - Mills in China's top steel city boost output despite winter ban start 

Steelmakers in Tangshan, China's biggest steel producing city, are boosting output as local officials have failed to issue precise orders on output curbs even though the city's winter pollution restrictions took effect two weeks ago. The rising output means factories and steel plants are emitting more pollutants and Tangshan's lack of guidance shows that the Chinese central government's more nuanced approach to pollution curbs may not be working as intended. Click here to read full stories.

Oct 18 - Alcoa's profit beat fueled by rising alumina prices, shares rise 

Top U.S. aluminum producer Alcoa Corp reported a better-than-expected quarterly profit on Wednesday, as a series of supply hits boosted alumina prices. Shares of the company rose almost 5 percent to $38.49 in after-hours trading, also helped by the announcement of a $200 million share repurchase program. Click here to read full stories.

Oct 18 - Indonesia ICDX halts trading of tin, ore with origin verified by Surveyor Indonesia - circular 

Indonesia Commodity & Derivatives Exchange (ICDX) has suspended trading of tin ingots and tin ore with origin verified by PT. Surveyor Indonesia, the exchange said in a circular reviewed by Reuters. ICDX declined to comment on the suspension. A spokeswoman for state-owned PT Surveyor Indonesia said she could not immediately comment on the matter. Click here to read full stories.

Oct 18 - Chile to seek international arbitration over Albemarle contract 

The Chilean government said on Wednesday it would seek international arbitration over what it alleged was the failure of lithium miner Albemarle Corp to adhere to the terms of a contract drawn up in 2016. Under the contract, U.S.-based Albemarle had to provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile. Click here to read full stories.

Oct 18 - Indonesia targets closure of Freeport deal in December - official 

Indonesia's state-owned miner Inalum is looking to finalise a $3.85 deal for majority control of the local unit of global mining giant Freeport McMoRan Inc in December, a company official said on Wednesday. The deal, in which Inalum will control a 51.23 percent stake in PT Freeport Indonesia, is expected to end more than nine years of wrangling between Freeport and Indonesia over ownership rights to Grasberg, the world's second-biggest copper mine. Click here to read full stories.

Oct 18 - China's Jiangsu province to enforce tougher smog-busting measures 

China's Jiangsu province has pledged to take tougher measures to tackle air pollution over the next three years, targeting heavy industry, energy consumption and transportation in the east coast manufacturing hub. The promise comes as China's environment ministry accused provincial officials on Wednesday of not properly enforcing anti-pollution policies, including by inflating cuts in coal consumption. Click here to read full stories.

Oct 18 - Vale sees possible Samarco restart in 2020, BHP uncertain on date 

Samarco, a joint venture between Brazil's Vale and mining major BHP, could resume iron ore production at a third of its capacity at the beginning of 2020, Vale's CEO said, though BHP declined to give a date. Operations at Samarco were halted in late 2015 after one of its dams collapsed, killing 19 people and causing one of Brazil's worst environmental disasters. Click here to read full stories.

Oct 18 - Mexico hopes steel tariff dispute will end by December 

Mexico's government on Wednesday said it hoped to end disputes with the United States and Canada over steel tariffs before the next Mexican administration takes office at the start of December. Mexico and Canada have been at loggerheads with the Trump administration over the steel industry since the United States at the end of May announced tariffs of 25 percent on steel imports and 10 percent on aluminum imports. Click here to read full stories.

Oct 18 - BHP Billiton says it has seen no material impact from trade tensions 

BHP Billiton has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday. "We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the near term," Chairman Ken MacKenzie said in prepared remarks released ahead of the company's annual general meeting in London. Click here to read full stories.

Oct 18 - Australia's South32 1st-qtr coking coal production triples 

Australian miner South32 on Thursday said first-quarter coking coal output more than tripled from the same year-ago period, helped by robust production at its Appin and Dendrobium collieries. Production of coking coal, also known as metallurgical coal, at the mines in Illawarra rose to 1.5 million tonnes in the first quarter of the 2019 fiscal year from 494,000 tonnes a year earlier. That handily beat a UBS estimate of 1.2 million tonnes. Click here to read full stories.

Oct 17 - BHP’s 1st qtr iron-ore output jumps 8 pct, cuts copper guidance 

The world's biggest miner, BHP, said on Wednesday its first-quarter iron ore production rose 8 percent on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production, citing outages at key mines. BHP trimmed its 2019 copper production forecast by about 3 percent to a range of 1.62 million tonnes to 1.71 million tonnes, citing reduced production at its Spence and Olympic Dam mines in Chile and Australia, respectively. Click here to read full stories.

Oct 17 - Copper smelter hits cause physical squeeze in Asia: Andy Home 

The copper market is currently experiencing a squeeze on physical metal. This is unexpected. The London Metal Exchange (LME) price is treading water just above the $6,000 level, struggling to fend off bearish macro funds. Click here to read full stories.

Oct 17 - U.S. Steel workers set to get biggest pay raise in years -sources 

United States Steel Corp workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. President Donald Trump's clampdown on foreign imports are finally trickling down.  The agreement, reached on Monday, proposes a cumulative 14 percent wage increase over a four-year period, three sources familiar with details of the negotiations told Reuters on Tuesday.  Click here to read full stories.

Oct 17 - Chile's state copper firm outlines lifeline plan for Salvador mine 

Chile's state copper miner, Codelco, has submitted an environmental impact assessment of its plans to overhaul its aging Salvador deposit that would sharply increase its production and extend its life by 40 years. The Rajo Inca project would convert the existing mine, which has been in operation since 1959 and is due to run dry in its current state in 2021, to an open cast mine from an underground one. Click here to read full stories.

Oct 17 - Anglo sees Minas Rio ramp-up target reached around 2021 

Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December and a planned ramp-up to 26.5 million tonnes per year is likely to be reached in 2021, the miner's Brazil chief said on Tuesday. The company halted production at the Minas Rio mine after two leaks in March in a pipeline that channels slurry more than 500 km (310 miles) from the mine in Minas Gerais state to a port in Rio de Janeiro state. Click here to read full stories.

Oct 17 - Shanghai exchange invites market makers for nickel, gold futures 

The Shanghai Futures Exchange (ShFE) on Tuesday invited companies to apply for a market maker role on its nickel and gold futures contracts in a bid to boost liquidity. Applicants must have net assets of at least 50 million yuan ($7.23 million) and have comprehensive risk management system, according to a ShFE statement. Click here to read full stories.

Oct 17 - Samarco could begin partial production in 2020 after dam burst - Vale CEO 

Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020, Vale's chief executive said on Tuesday. Samarco halted operations in late 2015 after one of its dams collapsed, killing 19 people and causing one of Brazil's worst ever environmental disasters. The incident happened when the dam, designed to hold back mine waste from the Samarco iron pellets operation in Mariana, burst and unleashed a trail of destruction across hundreds of kilometers in Minas Gerais and Espírito Santo states. Click here to read full stories.

Oct 17 - Escalating trade tensions will create 'only losers' - Voestalpine CEO

No country would benefit from any escalation in global trade tensions that were fueled by the United States' push this year to impose tariffs, the head of Austrian steelmaker Voestalpine AG said on Tuesday. "If we build up trade barriers, there will be only losers," Chief Executive Wolfgang Eder told Reuters on the sidelines of the World Steel Association's general assembly in Tokyo. Click here to read full stories.

Oct 17 - Second activist targets Canadian miner Detour, seeks board changes 

U.S. hedge fund Livermore Partners has called for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. Livermore sent a letter dated Oct. 16 to Detour in which Livermore Managing Director David Neuhauser said the board had failed its shareholders on "numerous governance and operational matters." The letter was seen by Reuters. Click here to read full stories.

Oct 17 - Zambian mining group says tax changes will hit mineral exploration

Zambia's proposed mining tax increases will hit mineral exploration and production in Africa's second biggest copper producer, companies involved in exploration said on Tuesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt, its finance minister said while delivering the 2019 budget speech last month. Click here to read full stories.

Oct 16 - Global steel body hikes demand forecasts, but says risks remain 

The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. The caution over trade from a body that represents 85 percent of global steel will stoke concerns that the tit-for-tat tariff dispute between the United States and China is undermining global growth, especially after the International Monetary Fund last week downgraded its economic forecasts.  Click here to read full stories.

Oct 16 - BHP doubles stake in promising Ecuador copper project

The world's biggest miner BHP on Tuesday nearly doubled its stake in SolGold Plc, bolstering its position against top shareholder Newcrest Mining as it eyes SolGold's promising Cascabel copper-gold project in Ecuador. BHP, which bought in to SolGold just six weeks ago, has paid almost $60 million to increase its holding to 11.2 percent, not far off the 14.5 percent stake held by Newcrest, Australia's biggest listed gold miner. Click here to read full stories.

Oct 16 - Rio Tinto Q3 iron ore production falls on planned maintenance and safety pauses 

Global miner Rio Tinto Ltd said its third-quarter iron ore shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality. Shipments from its Australian mines fell to 81.9 million tonnes in the third quarter compared with 85.8 million in the same period a year ago, the miner said, snapping four consecutive quarters of increases. Click here to read full stories.

Oct 16 - United States seeking Mexican steel export quotas - negotiator 

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said on Monday, adding the issue needed to be resolved within weeks. The administration of U.S. President Donald Trump imposed the tariffs on Canada and Mexico in June, citing national security reasons. Although the three countries agreed a renewed trade deal earlier this month, the measures remain in place. Click here to read full stories.

Oct 16 - Alumina wake-up call for the aluminium supply chain: Andy Home 

The alumina market is experiencing a year of unprecedented turbulence. Alumina, which sits in the aluminium production process between bauxite and refined metal, has historically been a highly efficient link in the supply chain. Click here to read full stories.

Oct 16 - Brazil's Vale third-quarter iron ore output hits all-time high 

Iron ore output at Brazilian miner Vale SA, the world's largest iron ore producer, reached a record in the third quarter, boosted by the ramp-up of its S11D project in the Amazonian state of Pará. In a securities filing on Monday, Vale said iron ore output jumped 10.3 percent from the year before to 104.945 million tonnes, while pellet output rose 8.7 percent to 13.878 million tonnes. Ore sales also touched a new high at 84.0 million tonnes. Click here to read full stories.

Oct 16 - Credit Suisse downgrades U.S. steel sector citing oversupply 

Credit Suisse on Monday downgraded the U.S. steel sector as it expects prices to fall due to oversupply, stemming from the Trump administration's move to slap tariffs on Chinese imports. U.S. steel prices and production have hit multi-year highs due to the tariffs as well as strong demand from an expanding economy. Click here to read full stories.

Oct 16 - Mexico discussed concerns over Canada steel tariffs with Ottawa 

Mexican Economy Minister Ildefonso Guajardo on Monday discussed his concerns about new Canadian tariffs on steel during a call with Foreign Minister Chrystia Freeland, a Canadian government source said. Guajardo said last week he rejected Canada's move to impose new quotas and tariffs on imports of seven categories of steel from many countries, including Mexico, and would press Ottawa for an exemption. Click here to read full stories.

Oct 16 - U.S. Steel, union reach tentative deal

The United Steelworkers (USW) union said on Monday it reached a tentative agreement with U.S. Steel Corp covering 16,000 workers across the country. The union has been negotiating with the Pittsburgh-based steelmaker for demands including higher wages. Click here to read full stories.

Oct 15 - China's resilient commodity imports show trade war yet to factor: Clyde Russell 

It's tempting to look at the relative resilience of China's imports of major commodities in September and conclude that the world's second-biggest economy is weathering the trade dispute with the United States quite well. The problem with this view is that while the trade conflict certainly looms as an issue in China's commodity trade, it's not yet the driving factor and any strength, or weakness, in various imports is largely a result of different dynamics. Click here to read full stories.

Oct 15 - Tsingshan to offer fixed-price stainless contracts with no alloy surcharge - SMR 

Chinese-owned Tsingshan, the world's top stainless steelmaker, is prepared to offer fixed-priced long-term contracts that have no alloy surcharge - a move that could change the way the metal is priced globally, an industry veteran told Reuters. Tsingshan, which can produce about 8 million tonnes or 15 percent of global stainless output, could upend the stainless industry with this move, as rivals may be forced to drop their surcharges and offer long-term contracts in order to compete. Click here to read full stories.

Oct 15 - LME Week metals puzzle is how to trade a trade war: Andy Home 

Donald Trump didn't make it to LME Week, the annual jamboree of the global metals trading community. But the U.S. president was the hot topic at the myriad seminars, cocktail parties and private meetings across London this week. Click here to read full stories.

Oct 15 - What's next as Tianqi, SQM face off in Chile court 

Chile's Constitutional Court on Oct. 11 put the brakes on a $4 billion deal allowing the sale of a coveted 24 percent stake in top lithium producer SQM to China's Tianqi Lithium Corp, after its controlling shareholder filed a lawsuit. The court has agreed to hear initial arguments in the case on Oct. 22.  Click here to read full stories.

Oct 15 - Speculators increase net short position in COMEX gold - CFTC 

Hedge funds and money managers increased their bearish wagers on Comex gold contracts in the week to Oct. 9, the U.S. Commodity Futures Trading Commission said on Friday. They also increased their net short position in silver contracts and copper contracts in the week, the data showed. Click here to read full stories.

Oct 15 - U.S. extends deadlines for sanctioned Russian firms EN+, Rusal 

The United States on Friday said it was granting investors another month to divest their holdings of sanctioned Russian companies EN+ and Rusal and was giving the firms more time to address their business operations. The U.S. Treasury Department in April imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including aluminum exporter Rusal, citing "malign activities" by Russia. Click here to read full stories.

Oct 15 - ArcelorMittal sells assets to Liberty House to facilitate Ilva deal 

ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva. The announcement by ArcelorMittal on Friday did not disclose the value of the disposals, though investment bank Jefferies said they are unlikely to achieve a book value it estimates at $1 billion. Click here to read full stories.

Oct 15 - Chile environmental court orders Barrick to close Pascua-Lama gold mine 

Chile's environmental court on Friday ordered Canada's Barrick Gold Corp to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga. The court, sitting in the northern Chilean city of Antofagasta, approved by two votes to one the closure of the polemical project that straddles the Andes Mountains between Chile and Argentina. Click here to read full stories.

Oct 15 - Paulson rejects settlement with Detour Gold 

Hedge fund Paulson & Co has rejected proposals from Canadian miner Detour Gold Corp which would have removed its interim chief executive officer in aid of settling a proxy dispute over the company's future, Detour said on Friday. The settlement Detour said it had proposed to Paulson on Oct. 9 would have resulted in almost half of its board being refreshed in six weeks, with interim CEO Michael Kenyon stepping down before the next annual general meeting.  Click here to read full stories.

Oct 15 - B2Gold keen on any African assets new Barrick may sell - CEO 

Canada's B2Gold Corp is interested in any West African assets that Barrick Gold Corp may put up for sale after its acquisition of African miner Randgold Resources Ltd, B2Gold's chief executive said. B2Gold, whose stock rose as much as 3 percent on Friday following better-than-expected quarterly production results, is "definitely interested" in any projects considered noncore under the new Barrick, CEO Clive Johnson said in an interview. Click here to read full stories.

Oct 12 - China's September iron ore imports rise ahead of winter curbs 

China's iron ore imports rose to their highest level in four months in September, according to customs data issued on Friday, as steel mills ramped up output ahead of winter production restrictions. Arrivals of steelmaking ingredient iron ore increased to 93.47 million tonnes last month from 89.35 million tonnes in August, but were down from a record 102.83 million tonnes a year ago, according to data from General Administration of Customs.  Click here to read full stories.

Oct 12 - Chilean court freezes sale of stake in lithium giant SQM to Tianqi 

A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium Corp, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous anti-trust court decision did not give shareholders adequate time to review the agreement between Tianqi and regulators, allowing the Chinese miner to purchase a 24 percent stake in the world's No. 2 producer of lithium, a metal used to make batteries for electric vehicles.  Click here to read full stories.

Oct 12 - China Sept copper imports jump on scrap crackdown, open arb window 

China's unwrought copper imports surged to their highest in 2-1/2 years in September, while copper concentrate imports climbed an all-time high as the world's top copper consumer's crackdown on scrap leaves it needing other forms of the metal. China's imports of copper, which include anode, refined, alloy and semi-finished copper products, rose 24 percent from August to 521,000 tonnes last month, data from the General Administration of Customs showed on Friday. Click here to read full stories.

Oct 12 - Livent drops in IPO on lithium concerns, CEO sees spiking demand 

Lithium producer Livent Corp shares fell in their market debut on Thursday, the second poor showing for a lithium IPO in as many days, even as the company's chief executive dismissed oversupply concerns and forecast surging demand for the white metal. Livent, spun off from chemicals producer FMC Corp, enters a lithium market struggling to predict how fast electric vehicles will be adopted. Lithium is use to make electric vehicle batteries. Click here to read full stories.

Oct 12 - China Sept aluminium, steel exports hold steady as trade row goes on 

China's aluminium exports fell slightly in September from the previous month as a narrowing price arbitrage to international markets reduced the incentive to ship metal overseas, while steel shipments edged higher. China's unwrought aluminium and aluminium product exports were 507,000 tonnes last month, the General Administration of Customs said on Friday, up 37 percent from 370,000 tonnes in September 2017. Click here to read full stories.

Oct 12 - Canada sees little chance of quick end to U.S. metals tariffs - sources 

Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said. The administration of U.S. President Donald Trump imposed the sanctions on Canada and Mexico in June, citing national security reasons. Although Canada and Mexico agreed a renewed continental trade deal last week, the measures remain in place. Click here to read full stories.

Oct 12 - London Metal Exchange shortlists three price providers for new lithium contract 

The London Metal Exchange (LME) said on Thursday that it had shortlisted Argus Media, Fastmarkets and Benchmark Mineral Intelligence to provide the price for the exchange's new lithium contract. Interest in battery metals such as cobalt, nickel and lithium has soared over the past year on the automotive industry's ambitious plans to produce electric cars and cut noxious fumes from vehicles powered by fossil fuels. Click here to read full stories.

Oct 12 - Malaysian minister offers to step down from review of Lynas rare earth plant 

The Malaysian minister in charge of a committee reviewing Australian rare earth miner Lynas Corp's plant has offered to step down following company criticism that she would not be impartial. Malaysian Deputy Minister to the Prime Minister's Office Fuziah Salleh said in a statement on Friday that she was prepared to step aside, and had no doubt that there will be highly qualified personnel to replace her as the chair. Click here to read full stories.

Oct 12 - Atalaya Mining to explore strategic options 

Cyprus-based copper company Atalaya Mining confirmed on Friday it was exploring strategic options, amid an environment that sees high demand for copper from renewable and electric vehicle sectors. The news comes a day after Reuters reported that the copper producer, which is backed by Swiss trading giant Trafigura, is looking for a buyer.  Click here to read full stories.

Oct 12 - Court says Colombia votes cannot block mining, oil projects 

Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors, and forced some to alter investment plans, like AngloGold Ashanti which suspended a potential $2 billion project last year. Click here to read full stories.

Oct 11 - Dollar shortage "short-term problem" for miners in Zimbabwe - minister 

A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of U.S. dollars, deterring foreign capital from helping the ailing economy recover after 20 years of economic hardship under former leader Robert Mugabe. Click here to read full stories.

Oct 11 - Chile studying possible lithium trade on LME - mines minister

Chile has called for lithium to be traded on the London Metals Exchange to provide greater "clarity" about its value, mining minister Baldo Prokurica said on Wednesday. At present, lithium producers negotiate contracts with buyers but the terms of the deals are not made public. Critics say this lack of clarity has a chilling effect on potential new investment in the market since the metal's value cannot be precisely measured. Click here to read full stories.

Oct 11 - Barrick maintains forecasts ahead of Randgold vote 

Canada's Barrick Gold Corp, which recently announced a $6.1 billion deal to acquire Randgold Resources Ltd, affirmed its 2018 gold and copper production forecast on Wednesday, reflecting improvements in operations. Citing preliminary data, Barrick said its 2018 effective tax rate was expected at about 48 to 50 percent, up from a previous forecast of 44 to 46 percent, because of lower-than-expected sales from lower-tax mines. More details are expected when it reports quarterly results on Oct. 24. Click here to read full stories.

Oct 11 - Rio Tinto to restart sale of Icelandic aluminium plant - sources 

Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350 million, two sources familiar with the matter said. The assets include a 53 percent stake in a Dutch anode facility and 50 percent of the shares in a Swedish aluminium fluoride plant, which are ingredients in aluminium production, the sources added. Click here to read full stories.

Oct 11 - Hydro CEO says focus on full output at Alunorte, no layoffs 

Norway's Norsk Hydro is focused on a return to full output at its Alunorte alumina refinery in Brazil and is not contemplating layoffs there, CEO Svein Richard Brandtzaeg told Reuters on Wednesday. Hydro had said last week it would close down the world's largest alumina refinery and lay off 4,700 workers as attempts to resolve an environmental dispute with Brazilian authorities faltered.  Click here to read full stories.

Oct 11 - Australia's Fortescue announces $353 mln share buyback program 

Australia's Fortescue Metals Group on Thursday announced a share buyback program of up to A$500 million ($353.0 million), joining bigger rival Rio Tinto as the trend of handing back cash to shareholders sweeps the mining industry. The program will begin after the iron ore miner releases its quarterly report on Oct. 25 and will remain in place for a period of up to 12 months. Click here to read full stories.

Oct 11 - China coal city vows 'no-coal zones' in bid to curb pollution 

Datong, a major coal-producing city in northern China's Shanxi province, will establish "no-coal zones" in urban districts as part of its efforts to curb pollution, the provincial government said on Thursday. The Shanxi government said the restrictions would cover 102 square kilometres (39 square miles) and would include bans on the storage, sale and direct combustion of all kinds of coal. Coal-fired power and central heating systems will still be permitted. Click here to read full stories.

Oct 11 - SQM controlling shareholder moves to block stake sale to China's Tianqi 

The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court to block a deal allowing the sale of nearly one-fourth of the miner to China's Tianqi Lithium Corp. The lawsuit alleges that Chile's antitrust court last week failed to follow due process when it approved a settlement between Tianqi and Chilean regulators allowing the Chinese miner to purchase a coveted 24 percent stake in the world's No. 2 producer of lithium. The court said the agreement would limit the exchange of commercially sensitive information between the two companies. Click here to read full stories.

Oct 11 - Ganfeng Lithium in dreadful Hong Kong debut, may bode ill for rival Tianqi 

China's Ganfeng Lithium fell 20 percent on its first day of trade in Hong Kong, a grim debut that follows a disappointing share sale and an ill wind for a planned listing by rival Tianqi Lithium. Prices for lithium - a key ingredient in rechargeable batteries used in electric cars - have halved in China this year due to oversupply, hurting near-term earnings prospects for lithium producers. The longer term outlook is, however, brighter as Beijing actively promotes EVs to combat air pollution. Click here to read full stories.

Oct 11 - Chile's Supreme Court signals death knell for Kinross gold mine 

Chile's Supreme Court upheld an environmental order for a gold mine owned by Canada's Kinross Gold Corp to close its water pumping wells, the environmental regulator said on Wednesday, bringing the curtain down on a long-running dispute that sparked the Toronto-based miner's retreat from Chile. The environmental watchdog, known locally as the SMA, initially ordered that the wells serving the Maricunga mine be shut down in 2016. The ruling was challenged by Kinross in Chile's environmental tribunal and then in the country's highest court. Click here to read full stories.

Oct 10 - Chile's Codelco plans to raise $1 billion in 2019 

Chile's state-owned miner Codelco, the world's largest copper producer, plans to raise up to $1 billion next year to help finance the overhaul of its existing mines, Chairman Juan Benavides said on Tuesday. Benavides also said the company was looking at exploration projects in Brazil, Ecuador and Kazakhstan and that plans laid out more than two years ago to invest in Mongolia had been shelved for now.  Click here to read full stories.

Oct 10 - BHP aims to restart Olympic Dam copper facility this month 

BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday. "The expectation remains that we'll have that back up and running this month," Mike Henry, president of operations, minerals Australia, said in an interview on the sidelines of LME Week, an industry gathering in London. Click here to read full stories.

Oct 10 - Australia's Port Hedland iron ore shipments to China rise 5 pct in Sept 

Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September from a month earlier, port data released on Wednesday showed. Iron ore shipments to China from the world's biggest iron ore port totalled 37.4 million tonnes in September, up from August's 35.5 million tonnes, according to the Pilbara Ports Authority. Click here to read full stories.

Oct 10 - ERG bets on cobalt from Congo in quest for growth

Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal, ERG Chief Executive Benedikt Sobotka told Reuters. ERG, a global mining and metals group with Kazakh roots, aims to raise cobalt output fivefold to 20,000 tonnes next year, claiming a large chunk of the booming market whose volume was around 100,000 tonnes in 2017, Sobotka said in an interview in Moscow. Click here to read full stories.

Oct 10 - China aluminium exports to surge on trade war - CRU 

Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in recent years have spurred criticism by both the United States and Europe, and was one reason for the imposition of tariffs by Washington. Click here to read full stories.

Oct 10 - European demand for aluminium cans stays strong - Novelis 

European demand for aluminium cans remains strong with more drinks ranging from water to wine using them, the European head of Novelis said. The world's largest producer of rolled aluminium products has production and recycling operations in Germany, Italy, Britain and Switzerland. Click here to read full stories.

Oct 10 - Millennial Lithium says to begin production in 2021 

Vancouver-based Millennial Lithium will begin production at its Argentina flagship site in 2021, President and CEO Farhad Abasov said this week. The company aims to produce 25,000 tonnes of lithium carbonate annually at the Pastos Grandes site over an expected life of 25 years, Abasov said on the sidelines of a mining conference in Dubai. Click here to read full stories.

Oct 10 - Japan Oct-Dec crude steel output may rise on increasing local demand - METI 

Japan's crude steel output for the October to December quarter is expected to rise from a year earlier on solid local demand for automobiles as well as industrial and construction machinery, the industry ministry said on Tuesday. The Ministry of Economy, Trade and Industry (METI) estimated crude steel output would rise to 26.45 million tonnes for the three-month period, up 0.2 percent from a year earlier. This follows a small year-on-year drop in the previous quarter. Click here to read full stories.

Oct 9 - Chile eyes new copper markets to shield economy from trade war 

Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a U.S-.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further opening up its copper and lithium mining industry to foreign investors to capitalise on the demand for both metals from the growing electric vehicle industry. Click here to read full stories.

Oct 9 - Norsk Hydro to resume Brazil's Alunorte output at half capacity 

Norsk Hydro has won permits from Brazilian authorities to restart half the capacity of its Alunorte alumina refinery, the world's largest, the metals maker said in a statement on Tuesday. The company last week said it would shut the plant, as well as the related Paragominas bauxite mine amid a lingering environmental dispute that had kept the facilities operating at 50 percent of capacity since March.  Click here to read full stories.

Oct 9 - Codelco in talks to sell copper to China's Minmetals in three-year deals 

Codelco is in talks to sell up to 60,000 tonnes of copper a year to China Minmetals from 2019 to 2021, marking a change in sales strategy at Chile's state-owned miner which typically made deals on an annual basis, industry sources said. Sources say the aim was to agree "evergreen" three-year deals in which the Chinese company would commit to buy 50,000 to 60,000 tonnes a year of copper for the period. Click here to read full stories.

Oct 9 - Albemarle shares drop after Chile rejects hike in lithium quota 

Shares of Albemarle Corp fell as much as 2.3 percent on Monday following news that Chile's nuclear regulator refused to increase the company's quota to sell lithium produced from its Salar de Atacama operation. The Chilean Nuclear Energy Commission (CCHEN) rejected Albemarle's March request to increase its quota to sell lithium products by 258,446 tonnes, according to a Sept. 13 agency resolution obtained by Reuters via a Chilean freedom of information request. Click here to read full stories.

Oct 9 - Trafigura to invest in Congo artisanal cobalt mine 

Trafigura is investing in a project that will formalise and monitor artisanal and small-scale cobalt miners in the Democratic Republic of Congo, the chief executive of the commodities trader said on Monday. Cobalt is a key ingredient in the batteries that power electric vehicles, a fast-growing sector in the auto industry, and in metal alloys used to make jet engines. Click here to read full stories.

Oct 9 - Germany’s Trimet expects strong 2019 aluminium demand 

German aluminium producer Trimet Aluminium expects strong aluminium demand in 2019 but the global impact of U.S. import duties makes forecasts difficult, said executive board member Thomas Reuther. Trimet has not imported aluminium scrap from the United States, he said, despite some market expectations of more U.S. sales to Europe to replace lost exports to China. High alumina prices are a concern. Click here to read full stories.

Oct 9 - Low-cost gold ETF GraniteShares cuts fees as price rivalry hots up 

Exchange-traded fund (ETF) company GraniteShares said on Monday it had cut fees on its gold-backed fund, undercutting rival offerings by the World Gold Council and the Perth Mint as price competition in the sector intensifies. GraniteShares said it had dropped its management charge to 17.49 basis points, or 0.1749 percent of the value of an investment, from 20 basis points. Click here to read full stories.

Oct 9 - Vale board set to approve $1 bln copper mine expansion - sources 

The board of Vale is close to approving a $1 billion expansion of its Salobo copper mine, two people familiar with the matter said, as the world's top iron ore miner seeks to diversify and take advantage of growing international demand for the metal. An email about the upcoming approval was sent internally last week, according to one of people, who was not authorized to discuss the matter publicly. Click here to read full stories.

Oct 9 - China's coal hub Shanxi to cut coking capacity, coke output - govt document 

China's Shanxi province, the country's major coal mining hub, has pledged to cut coking capacity and annual coke output, according to a government statement on Tuesday, in line with a long-term drive to reduce toxic emissions from heavy industry. The province is also giving coke producers until Oct. 1, 2019 to meet stringent environmental standards, according to the statement, with those missing the deadline facing the prospect of being ordered to shut down. Click here to read full stories.

Oct 9 - Tharisa to set more mining output records, looks to Zimbabwe 

South African-focused platinum and chrome miner Tharisa reported on Monday record production for the full year ended Sept. 30 and said it would increase output further in 2019, sending its share price higher. It also said it was investing $11 million in exploring in Zimbabwe, where it announced in June it had bought a stake in platinum group reserves. Click here to read full stories.

Oct 8 - Gaping supply deficit ushers palladium price into golden zone 

Palladium is outshining other major precious metals, more than doubling in value since early 2016 to leave prices of sister metal platinum in the shade and put parity with gold firmly in sight. Tight supplies, large deficits and resurgent interest from speculative investors are expected to keep palladium near record highs after prices soared nearly 30 percent in seven weeks. Click here to read full stories.

Oct 8 - London Metal Exchange moves to ban tainted cobalt 

The London Metal Exchange is preparing plans that will allow it to clamp down swiftly on cobalt brands on its approved list thought to be tainted by human rights abuses, the exchange's chief executive Matt Chamberlain said. Cobalt is a key ingredient in the batteries that power electric vehicles, a fast-growing sector in the auto industry, and in metal alloys used to make jet engines. Click here to read full stories.

Oct 8 - India's aluminium makers win Japan sales in market shake-up 

Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as U.S. sanctions against Russia's Rusal and import tariffs shake up traditional supply routes. India's product has generally not been regarded as high enough quality by Japan's demanding buyers, who have preferred top-tier producers like Rio Tinto, Alcoa and South32 as well as United Company Rusal. Click here to read full stories.

Oct 8 - China's credit loosening may not do much for commodity demand: Russell 

China's commodity imports may get a shot in the arm from Beijing's decision to ease credit conditions in the world's second-largest economy, but it may not be as big a boost as followed prior monetary loosening. The People's Bank of China on Sunday announced a steep 100 basis point cut in the level of cash that banks must hold as reserves, matching a similar move in April. Click here to read full stories.

Oct 8 - Battle lines drawn for London Metal Exchange: Home 

The great and the good of the global metals industry are descending on London, making their annual pilgrimage to the London Metal Exchange's LME Week jamboree. They do so because the 141-year-old market sets the world's reference prices for everything from aluminium to zinc. And away from the many seminars and cocktail parties, metal producers, traders and users will meet behind closed doors to hammer out details of next year's contracts. Click here to read full stories.

Oct 8 - Hydro gets key tech permit for Brazil plant, plans to restart operations 

Norsk Hydro has been granted a permit in Brazil to use new technology to extend the life of a disposal area for its troubled Alunorte alumina refinery, the world's largest, which should lead to the restart of operations at 50 percent, the firm said on Saturday. The decision came on Friday, two days after Hydro said it would halt production and layoff 4,700 people at Brazil's Alunorte, which has been operating at half capacity since March due to an environmental dispute. Click here to read full stories.

Oct 8 - Large private equity consortium forms for Arconic bid - sources 

Blackstone Group LP, Carlyle Group LP, Onex Corp and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic Inc, according to people familiar with the matter. Such alliances, referred to as "club deals" in the private equity industry, lost much of their allure following the 2008 financial crisis, as some high-profile leveraged buyouts either ended up in bankruptcy or underperformed financially. Click here to read full stories.

Oct 8 - Glencore wins cut to coal carrying costs out of Newcastle 

Australia's competition regulator said on Monday the Port of Newcastle must reduce its charges for ships entering the port to carry coal for Glencore, in a big win for the global miner. The Australian Competition and Consumer Commission said Port of Newcastle Operations Pty Ltd (PNO) should cut its current rate by about 20 percent to A$0.61 per gross tonne, backdated to 2016. The port said it would contest the decision. Click here to read full stories.

Oct 8 - Speculators cut net short position in COMEX gold - CFTC 

Hedge funds and money managers trimmed their net short position in COMEX gold contracts in the week to Oct. 2, U.S. Commodity Futures Trading Commission data (CFTC) showed on Friday. They also reduced their net short position in silver contracts and switched back to a net short position in copper futures and options, according to the data. Click here to read full stories.

Oct 8 - Chile regulator refuses to raise Albemarle lithium output quota - newspaper 

The Chilean Nuclear Energy Commission (CCHEN) refused to increase the lithium production quota for U.S.-based Albemarle Corp, which had already gotten approval for an increase from a national development agency, a local newspaper said on Saturday. Following a request from Albemarle "for an increase of 258,446 metric tons of Metallic Lithium Equivalent ... based on a declared improvement in efficiency of its operations, it was decided that the information provided was not sufficient to justify the increase," Patricio Aguilera, executive director of CCHEN, said in a story published in the newspaper La Tercera. Click here to read full stories.

Oct 5 - Macro disquiet drowns out signs of base metals shortages

Uncertainty about how metals demand will be hit by trade wars, rising U.S. interest rates and a slowdown in China is weighing on industrial metals prices, submerging signals pointing to potential shortages. The index of copper and five other top industrial metals traded on the London Metal Exchange has shed 11 percent this year while prices for the worst-performing metals, zinc and lead, have tumbled by about a fifth. Click here to read full stories.

Oct 5 - China's winter anti-pollution shift may be good or bad for iron ore: Russell 

Unlike the turbulence being experienced by many other commodities, iron ore prices have snoozed through the past seven months, staying locked in a narrow range. A shift in China's winter pollution abatement strategy could cause iron ore prices to awaken, but it's far from clear as to which way they may break. Click here to read full stories.

Oct 5 - China's Tianqi can buy stake in lithium firm SQM, rules Chile court

Chile's antitrust court approved on Thursday a deal struck between Chilean regulators and Tianqi, allowing the Chinese miner to purchase a nearly one-quarter stake in lithium producer SQM. Chilean antitrust watchdog FNE and Tianqi had presented the agreement, intended to limit the exchange of commercially sensitive information between the two companies, to Chile's antitrust court in September. Click here to read full stories.

Oct 5 - Brazil authorities question Hydro move to halt Alunorte operations

The Brazilian state of Para on Thursday said it was surprised when Norsk Hydro decided a day earlier to halt operations at Alunorte, the world's largest alumina refinery, and asked for a report explaining the decision. Brazilian regulators in February ordered Hydro to slash output by half at the refinery after the company admitted to making unlicensed emissions of untreated water during severe rains. Click here to read full stories.

Oct 5 - India's apex court allows ArcelorMittal, NuMetal to bid for Essar Steel

India's Supreme Court allowed ArcelorMittal SA and NuMetal to bid for debt-ridden Essar Steel after clearing their outstanding dues within two weeks, according to a court ruling on Thursday. The world's largest steelmaker, which recently raised its bid for Essar Steel, is forming a joint venture with Japan's Nippon Steel & Sumitomo Metal Corp in competition with NuMetal, a company led by Russian lender VTB, and Vedanta Resources.  Click here to read full stories.

Oct 5 - China's Ganfeng Lithium prices HK listing at bottom of range - source

China's top lithium producer Ganfeng Lithium, a supplier to carmakers such as Tesla and BMW, has priced its Hong Kong listing at the bottom of its marketed range, raising $421 million, according to a source involved in the deal. Ganfeng priced its offering at HK$16.50 ($2.11) per share, the source said, at the bottom end of an indicative range of between HK$16.50 and HK$26.50 ($2.11-$3.38). Click here to read full stories.

Oct 5 - Guinea's bauxite boom upending rural communities - HRW

As mining companies in Guinea ramp up bauxite production, they are upending rural communities and undermining air and water quality while government authorities fail to rein in abuses, Human Rights Watch (HRW) said in a report on Thursday. In the past three years, the West African nation, Africa's biggest producer of the aluminium ore, has seen bauxite output explode, mainly on the back of demand from China. Click here to read full stories.

Oct 5 - Thyssenkrupp's 30 pct Industrials stake may pave way for M&A - union

Thyssenkrupp will keep a stake of around 30 percent in the capital goods business it plans to spin off, a labour representative at the German conglomerate said, paving the way for an eventual takeover bid once it decides to sell out. Under the plan, Thyssenkrupp shareholders will own a majority of Thyssenkrupp Industrials, which will include the elevators, car parts and plant engineering units, while Thyssenkrupp will be renamed Thyssenkrupp Materials and keep a minority stake. Click here to read full stories.

Oct 4 - BHP sees major copper demand boost from China's widening belt and road

China's overseas expansion will spread over land that is home to more than half the world's population, potentially boosting copper use by 1.6 million tonnes, or roughly 7 percent of annual demand, major miner BHP said on Thursday. BHP has analysed the impact of China's Belt and Road Initiative (BRI), a network of overseas construction projects, on commodity demand on the basis of a database it constantly updates. Click here to read full stories.

Oct 4 - Hydro shutdown pushes up shares of South 32, Alumina Ltd

Shares in Asia's alumina makers rose on Thursday after Norsk Hydro said it would shut production at the world's biggest alumina plant, with South 32 and Alumina Ltd posting steep gains. Hydro plans to halt production and lay off 4,700 people at Brazil's Alunorte, which produces the aluminium raw material and has been operating at half capacity since March due to an environmental dispute. Click here to read full stories.

Oct 4 - Chile weighs arbitration with top lithium producer Albemarle

The Chilean state agency that oversees lithium mining in the country´s Atacama salt flat will decide within a week whether to take top producer Albemarle Corp to arbitration in a contract dispute, an attorney for the agency said on Wednesday. Maria Elina Cruz, an attorney for Chile state development agency Corfo, said Albemarle has failed to reply to questions about a contract the agency signed with Albemarle in 2016.  Click here to read full stories.

Oct 4 - Mining firms say Zambia's tax hike plan would ruin economy

Zambia's proposed mining tax increases would hobble Africa's second biggest copper industry, companies said on Thursday, a further warning to investors already concerned about the country's mounting debt. Several mines would become unprofitable if the tax plans were implemented with overall copper production likely to fall, Zambia Chamber of Mines President Nathan Chishimba said. Click here to read full stories.

Oct 4 - Vedanta gets interim relief as Indian court stays state's land allotment cancellation

An Indian court on Wednesday ordered an interim stay on the cancellation of land allotted for expansion of Vedanta's south Indian copper smelter, in a relief to the conglomerate whose unit was shut on environmental grounds. The Tamil Nadu state government ordered a permanent closure of the plant, cancelled land allocated for expansion and disconnected power supply to the smelter in May following protests that turned violent and culminated in the police opening fire, killing 13 protesters. Click here to read full stories.

Oct 4 - EU extends duties on steel pipes from Russia, Ukraine

The European Commission said on Wednesday it had extended duties on imported steel and iron pipes and tubes from Russia and Ukraine for another five years. The duties on seamless pipes range from 24.1 to 35.8 percent for imports from Russia and from 12.3 to 25.7 percent for imports from Ukraine.  Click here to read full stories.

Oct 4 - S.Africa's NUM, UASA and Solidarity unions agree 3-year Harmony Gold wage deal

Harmony Gold signed a three-year wage agreement with South Africa's National Union of Mineworkers (NUM) and two other unions on Wednesday, the company and unions said on Wednesday. Harmony said in a statement that the deal would see a 700 rand ($48.00) a month pay hike in the first year for the lowest-paid underground workers, an increase of about 9 percent according to Reuters' calculations, almost double the inflation rate.  Click here to read full stories.

Oct 4 - Eramet's SLN sees another New Caledonia mine blocked by protesters

French mining and metals group Eramet said on Wednesday that the Tiebaghi mine in New Caledonia is being blocked by protesters, the second of its nickel mines in the Pacific territory to be halted by local activists. Media in the Asia-Pacific region reported that the Tiebaghi mine has been blocked since Monday by a group defending the rights of the indigenous Kanak population of the French-controlled territory. Click here to read full stories.

Oct 3 - Mexican, Canadian steel lobbies urge fix to U.S. tariff dispute

The steel industries of Mexico and Canada on Tuesday urged their governments to resolve a tariff dispute with the United States before signing a new trilateral trade deal that was unveiled this week. In late May, the Trump administration announced tariffs of 25 percent on steel imports and 10 percent on aluminum imports, prompting quick retaliation from top trading partners including Canada and Mexico. Click here to read full stories.

Oct 3 - Vale, BHP reach final deal with prosecutors over Brazil disaster

Brazilian prosecutors in Minas Gerais state said on Tuesday they reached a final compensation deal with mining companies Samarco, Vale  and BHP Billiton regarding a 2015 dam burst, Brazil's largest ever environmental disaster. According to a statement from prosecutors released late on Tuesday, the deal allows for compensation payments to start to relatives of the 19 people killed in the disaster, as well as to people who lost their houses and other properties. Click here to read full stories.

Oct 3 - Perth Mint's Sept gold, silver sales soar

Sales of gold products by the Perth Mint surged in September to their highest since January 2017, while silver sales more than doubled from August to mark an over two-year peak, boosted by lower bullion prices, the mint said on Wednesday. Sales of gold coins and minted bars surged 61 percent from August to 62,552 ounces last month, the mint said in a blog post. Click here to read full stories.

Oct 3 - LME storage not market dynamics driving aluminium stocks lower: Andy Home 

London Metal Exchange (LME) on-warrant aluminium stocks, metal not earmarked for delivery, are at their lowest since January 2006 at 608,050 tonnes -- a far cry from the peaks hit over 2010-14. Appearances, however, can be deceptive. There is a strong suspicion that erosion of LME inventory is as much to do with the exchange's warehousing function as with market reality. Click here to read full stories.

Oct 3 - Northam Platinum, South Africa's NUM union sign 3-year wage deal

South Africa's National Union of Mineworkers (NUM) has signed a three-year wage deal with platinum producer Northam Platinum  that secures wage hikes of more than double the inflation rate for its members, the union said on Tuesday. Depressed prices and rising costs mean South African mining companies have scant room for big wage hikes but unions maintain the increases come off a low base rooted in the country's apartheid past when the black labour force was exploited and underpaid. Click here to read full stories.

Oct 3 - Malaysia's review of rare earths miner Lynas to focus on radioactive waste

A review into Australia-listed Lynas Corp Ltd's rare earths processing plant in Malaysia will focus on the plant's radioactive waste emissions, the leader of a Malaysian government review panel said on Tuesday. Concerns that Malaysia's newly elected government could close down Lynas' six-year-old plant, the only processor outside of China of the rare earths used in industrial magnets, sent shares of the firm skidding 27 percent lower last month. Click here to read full stories.

Oct 2 - Canada, buoyed by trade deal, to push U.S. on metal tariffs 

Canada, buoyed by a last-minute continental trade deal it sealed with the United States and Mexico, is pressing Washington to remove steel and aluminum tariffs, senior Canadian officials said on Monday. The agreement, reached on Sunday night, protects Canada's automotive industry from potentially devastating U.S. tariffs, but includes no assurance that Washington will lift punitive measures it imposed on Canadian and Mexican steel and aluminum in June.  Click here to read full stories.

Oct 2 - Australia expects resource exports to hit record $182 bln in 2018-2019  

Australia's government expects the nation's resource and energy exports to hit a record of A$252 billion ($182 billion) in 2018-2019, buoyed by climbing prices for commodities such as natural gas and by a weaker Australian dollar. However, the country's Department of Industry also said in a report that the value of such exports would edge back to around A$238 billion in 2019-2020 even as volumes rise again, pulled down as growing global supply and concerns over demand pressure prices. Click here to read full stories.

Oct 2 - China Hebei sets strict new emissions standards for steel mills

China's Hebei province, the country's biggest steel producer, will force all its mills to comply with strict new emissions standards by 2020 as part of its campaign against air pollution, according to newly published industry guidelines. In a policy document, the provincial environmental protection agency said newly built steel producers will be forced to comply with "ultra-low" emissions restrictions starting from 2019, while existing firms will be given until October 2020 to meet the new standards. Click here to read full stories.

Oct 2 - Aurubis to offer a $96 tonne copper premium for 2019 

Aurubis, Europe's biggest copper smelter, will offer 2019 copper premiums to its customers of $96 per tonne, the company said on Monday, confirming earlier reports from traders. This compares to $86 per tonne in both 2018 and 2017. The premium is paid by customers above the London Metal Exchange (LME) copper prices. Click here to read full stories.

Oct 2 - Scotiabank to pay $800,000 to settle U.S. CFTC charges 

Canada's Bank of Nova Scotia (Scotiabank) will pay $800,000 to settle charges filed by the U.S. Commodity Futures Trading Commission that it engaged in spoofing in gold and silver futures contracts, the CFTC said on Monday. The regulator said in a statement that traders on Scotiabank's precious metals trading desk placed orders to buy or sell futures contracts on the Chicago Mercantile Exchange with the intent to cancel the orders before execution. Click here to read full stories.

Oct 2 - Japan Q4 aluminium premiums set 22 percent lower than Q3 - sources 

Premiums for Japanese aluminium shipments for the October to December quarter were set at $103 per tonne, down 22 percent from the previous quarter, as Asian spot premiums fell amid ample supply, four sources directly involved in the pricing talks said. The new premium compares with the $132 per tonne premium in the July to September quarter and follows three quarters of rising premiums. Click here to read full stories.

Oct 1 - Germany's Thyssenkrupp ends leadership vacuum, paves way for split 

Thyssenkrupp acted to end its leadership and strategy crisis on Sunday, as its supervisory board filled its two top management posts and approved plans to split the German conglomerate in two. The move follows months of turmoil at the elevators-to-submarines group, including a profit warning and pressure from activist shareholders Cevian and Elliott, and paves the way for the company's largest restructuring in decades. Click here to read full stories.

Oct 1 - China to cut import tariffs on wide range of products 

China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday. Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States. Click here to read full stories.

Oct 1 - China's shift on winter smog rules rattles steel markets: Andy Home 

China will not repeat last year's blanket production cuts in heavy industries such as steel this winter. Rather, local governments will be given the power to decide how to meet emission targets during the smog-prone winter heating season which runs from November to March. The steel market didn't much like the news. Click here to read full stories.

Oct 1 - Rio Tinto, Japanese partners to invest $1.6 bln on Australian iron ore 

Rio Tinto and its joint venture partners, Mitsui & Co and Nippon Steel & Sumitomo Metal, will spend about $1.55 billion to maintain production capacity at two iron ore projects in Western Australia. Rio will invest a total of $820 million to develop the projects at the Robe River Joint Venture in Australia's mineral rich Pilbara region, the Anglo-Australian miner said in a statement on Monday. Click here to read full stories.

Oct 1 - BMO takes gold traders from Scotiabank in precious metals expansion 

Canada's Bank of Montreal (BMO) has poached a team of six precious metals traders and salesmen in New York from Bank of Nova Scotia (Scotiabank), which is pulling back from the market, five sources familiar with the matter said. The hire boosts BMO's New York metals team to around eight people, making BMO's team one of the biggest in the city, the sources said. Click here to read full stories.

Oct 1 - Speculators increase net short position in COMEX gold - CFTC 

Hedge funds and money managers raised their net short position in COMEX gold contracts in the week to Sept. 25, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also trimmed their net short position in silver contracts and switched to a net long position in copper futures and options, according to the data. Click here to read full stories.

Oct 1 - Barrick eyes China money to lower Africa risk after Randgold deal - sources 

Barrick Gold Corp will seek Chinese investments in some of its African mines to offset higher risk stemming from its planned $6.5 billion all-stock acquisition of Africa-focused miner Randgold Resources, people familiar with Barrick's thinking said. Toronto-based Barrick will also lean on Randgold Chief Executive Officer Mark Bristow's expertise in dealing with governments in challenging jurisdictions to navigate the Africa continent risk, the people said, addressing a concern of some Barrick shareholders. Click here to read full stories.

Oct 1 - Gold miner Avocet warns of a company break-up, shares tank 

Shares of Avocet Mining dropped more than 17 percent on Monday after warning that it could be broken up as the struggling gold miner continues talks with its largest shareholder, Elliott Management, to restructure its debt. The company, which debuted on the London Stock Exchange in 2007 at 1,200 pence a share, has lost nearly all of its value and was trading at 9.9 pence. The stock was the largest percentage loser on the exchange. Click here to read full stories.

Oct 1 - Zambia hikes mining taxes in 2019 budget to rein in debt 

Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said on Friday, a move likely to draw opposition from mining firms. Miners such as First Quantum, Glencore and Vedanta Resources have often criticised the government over rising operating costs in Africa's No.2 copper producer. Click here to read full stories.

Oct 1 - Luxembourg's IFG Capital seeks to tap tungsten deposits in Uzbekistan 

IFG Capital, a Luxembourg-based company with roots in the former Soviet Union, plans investments to develop seven tungsten deposits in Uzbekistan, aiming to account for 6 percent of global output, a company executive told Reuters. The planned series of deals would be the first foreign direct investment in the mining and metals sector of the Central Asian nation since President Shavkat Mirziyoyev came to power in 2016, promising to open up and reform the economy. Click here to read full stories.

Oct 1 - China's environment watchdog warns polluters not to flout winter smog plan 

China's environment ministry issued a stern warning on Saturday to companies across heavy industry not to flout the nation's tough emission rules -- a move seen as quashing speculation that the 2018 winter anti-smog campaign will be more lenient. The warning comes after the Ministry of Ecology and Environment (MEE) on Thursday dropped blanket production cuts on heavy industry across northern China in its final winter anti-pollution drive and allowed local authorities to adopt flexible measures based on regional emission levels. Click here to read full stories.

Oct 1 - Japan's Mitsui Mining expects H2 zinc output to rise 3.6 pct y/y 

Mitsui Mining and Smelting Co Ltd, Japan's biggest zinc smelter, plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year, it said on Monday, up 3.6 percent from the same period a year earlier. Zinc is used mainly as an anti-corrosive coating while making galvanised steel. Click here to read full stories.