Base & Precious Metals News

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.

Sep 28 - Congo state miner warns Randgold on transfer of Kibali mine to Barrick 

Congo's state miner Sokimo warned Randgold Resources on Friday that Sokimo would "assert its rights" in Barrick Gold Corp's acquisition of Rangold's stake in the Kibali project under a takeover deal, but Sokimo did not clarify its plans. Canada's Barrick Gold agreed to buy Randgold Resources Ltd this week in a $18.3 billion share deal to create the world's largest gold company by value and output.  Click here to read full stories.

Sep 28 - Freeport, Rio sell majority stake in Grasberg mine to Indonesia 

Global mining giants Freeport McMoRan Inc and Rio Tinto have struck a binding accord to sell a majority stake in the world's second-biggest copper mine, Grasberg, to Indonesia's state mining company, Inalum for $3.85 billion. The sale brings Freeport close to ending more than nine years of often fractious negotiations with Indonesia over ownership rights to Grasberg. Click here to read full stories.

Sep 28 - Thyssenkrupp gives in to shareholder pressure to split in two 

Germany's Thyssenkrupp will split into two companies, one focused on capital goods and the other on materials, giving in to years of investor pressure and undergoing its biggest overhaul since the merger of Thyssen and Krupp 20 years ago. The group said on Thursday it would spin off its elevators, car parts and plant engineering businesses to shareholders, with Thyssenkrupp Materials, the company that will hold the remaining assets, initially retaining a minority stake. Click here to read full stories.

Sep 28 - Albemarle eyes future as pure-play lithium market leader 

Albemarle Corp, the world's largest lithium producer, aims to eventually end its dependence on two smaller units to fund growth as global appetite surges for electric-powered vehicles and consumer goods, its chief executive said in an interview. Tesla Inc and other automakers have helped make lithium one of the most-in demand metals, part of an electrification trend sweeping through a global economy increasingly eager to shed fossil fuels. Click here to read full stories.

Sep 28 - China battery firms set up $700 mln nickel joint venture in Indonesia 

Chinese battery firm GEM Co Ltd on Friday said it was teaming up with four companies to invest a total of $700 million in a project to produce battery-grade nickel chemicals in Indonesia. The investment comes as several global metals producers have also set their sights on Indonesia's nickel reserves, looking to tap an expected surge in demand for the battery metal from the electric vehicle sector.  Click here to read full stories.

Sep 28 - Union says reached wage deal with Alcoa Australia, will end strike 

Unionised workers at aluminium producer Alcoa's Western Australian operations on Friday agreed to end a strike that lasted more than six weeks after securing better job security provisions in a new wage agreement. Workers at two alumina refineries and three bauxite mines walked out on Aug. 8 because of concerns about a new workplace agreement. Click here to read full stories.

Sep 28 - Foreign-backed miner hopes to begin Chilean lithium project in 2020 

Foreign-backed Salar Blanco expects to begin construction on its lithium mining project at the beginning of 2020 in Chile's north, once its environmental permit is approved by the government. The approval process for the necessary environmental permit for the initiative, which includes an investment of $527 million, began this month. Click here to read full stories.

Sep 28 - Indonesians snap up gold as local markets stumble 

Indonesians smarting from a falling share market and a currency near 20-year lows are turning to gold as a safe haven, boosting sales of retail ingots and encouraging state miner Aneka Tambang to up production. Financial markets in Southeast Asia's largest economy have been battered by capital outflows, as a rallying U.S. dollar and global trade tensions spur some foreign investors to desert emerging markets. Click here to read full stories.

Sep 28 - S.Africa's mining employees, communities to get free stake under new charter 

South Africa unveiled a new regulatory charter for its mining industry on Thursday, a crucial step to attracting further investment to a sector laid low by depressed prices, soaring costs and murky policy. It is part of an affirmative action drive to reverse black people's exclusion from the mainstream economy under apartheid and pointedly targets the mining industry, which accounts for about 8 percent of the country's gross domestic product now, but laid the foundations for Africa's most industrialised economy. Click here to read full stories.

Sep 28 - China's Aug net gold imports via Hong Kong hit 2018 low 

China's net gold imports via main conduit Hong Kong fell to their lowest this year in August, as Beijing curbed import quotas for banks amid a trade tussle with the United States. Imports via Hong Kong to China, the world's top consumer of the metal, decreased by 29 percent to 31.857 tonnes in August from 44.802 tonnes in July, according to data mailed to Reuters by the Hong Kong Census and Statistics Department. Click here to read full stories.

Sep 27 - Indonesia plans news conference on $3.9 bln Freeport copper mine deal 

Indonesia's energy ministry plans to hold a ceremony on Thursday linked to a $3.9 billion share purchase deal involving Freeport McMoRan, Rio Tinto and state miner Inalum, it said in a document. The exact purpose of the ceremony, taking place at 4 p.m. Jakarta time (0900 GMT), was unclear. A spokesman for Inalum said via text message that it would be followed by a news conference. Click here to read full stories.

Sep 27 - China plans to launch iron ore options in 2019 - source

China aims to launch iron ore options next year, a source with direct knowledge of the matter said, as the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers. China's plan follows the opening of its iron ore futures to foreign investors in May, and would challenge iron ore options in Singapore, where the bulk of global trades is concentrated, as well as in New York. Click here to read full stories.

Sep 27 - LME aluminium stocks fall below 1 mln mark, lowest since March 2008 

Aluminium inventories in warehouses approved by the London Metal Exchange fell below 1 million tonnes for the first time since March 2008, LME data showed on Wednesday. Aluminium stocks dropped 6,850 tonnes to 999,925 tonnes, according to the data, which tracks warehouse movements with a one-day lag. Click here to read full stories.

Sep 27 - Copper's robust dynamics clash with futures gloom: Andy Home 

You've got to feel sorry for Doctor Copper. He and his base metal friends find themselves on the front line of the escalating trade stand-off between the United States and China. London copper has clawed its way back from August's 13-month low of $5,773 per tonne but at a current $6,280 is still 15 percent off its June peak of $7,348. Click here to read full stories.

Sep 27 - Brazil's Vale shareholders reach deal to pay Eletron $692 mln 

Two major shareholders of Brazilian mining company Vale SA reached an agreement on Wednesday to pay 2.82 billion reais ($692 million) to holding company Eletron to settle a dispute over Vale shares, according to securities filings. The payment by Brazilian holding companies Bradespar SA, one of the largest shareholders in Vale, and Litel Participações SA, owned by pension funds, was formalized on Wednesday in court, according to both companies. Click here to read full stories.

Sep 27 - EU regulators to rule on Thyssenkrupp, Tata Steel venture by Oct. 30 

EU antitrust regulators will decide by October 30 whether to allow Germany's Thyssenkrupp and India's Tata Steel to create Europe's No. 2 steelmaker, the European Commission said on Wednesday. The companies unveiled their plan for a steel joint venture in July after two years of talks, the sector's biggest tie-up in more than a decade. Steelmakers are battling overcapacity and tariff hikes among other problems. Click here to read full stories.

Sep 26 - Glencore launches $1 bln additional share buyback 

Commodities trader and miner Glencore said on Tuesday it would repurchase more of its shares worth up to $1 billion, increasing the size of an existing buyback programme that followed a subpoena from U.S. authorities. Glencore said in July it would buy back shares worth up to $1 billion in a programme of purchases running to the end of 2018. It has now extended the programme to the end of February 2019. Click here to read full stories.

Sep 26 - Portugal to launch tender of lithium exploration licences this year  

Portugal intends to launch a tender of lithium exploration licences by the end of the year under a plan to become Europe's top supplier of the metal used in the batteries that power electric cars. In an interview with Reuters, Jorge Seguro Sanches, the secretary of state for energy, set out the plan to sharply increase prospecting and output to meet an expected surge in global demand for lithium as electric car sales grow. Click here to read full stories.

Sep 26 - Union says meeting with Alcoa again over strike at Australian aluminium project

The union at Alcoa's aluminium operations in the state of Western Australia said it was meeting with the company again on Wednesday to try to resolve a strike that has lasted more than six weeks, after the firm last week revised an earlier offer. Unionised workers at two alumina refineries and three bauxite mines walked out on Aug. 8 on worries that a new workplace agreement did not adequately address job security. Click here to read full stories.

Sep 26 - Global steel output rose 2.6 pct yr/yr in August 

Global crude steel production rose 2.6 percent to 152 million tonnes in August from the same month a year ago, figures from the World Steel Association showed on Tuesday. Crude steel output from China, the world's top producer and consumer of the alloy, rose to 80.3 million tonnes, up 2.7 percent from August 2017. Click here to read full stories.

Sep 26 - Shanghai rebar hits 2-week low on slower demand ahead of holiday 

Chinese steel futures dropped for a fourth straight session on Wednesday, hitting a nearly two-week low, as demand in the world's top consumer faltered ahead of a week-long holiday. China's markets will be shut on Oct. 1-5 for the National Day holiday. Click here to read full stories.

Sep 25 - Canada's Barrick Gold to buy Randgold for $6.5 bln 

Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use. The new Barrick company, which will be listed in New York and Toronto, will own five of the world's 10 lowest-cost gold mines and have a market value of $19.4 billion based on Monday's trading. Click here to read full stories.

Sep 25 - China steel giant Baowu in talks to take over rival Magang -sources 

Top Chinese steelmaker China Baowu Steel Group is in talks to take over rival Magang Group, three sources familiar with the discussions said, a deal that would help entrench the nation's position as a serious competitor in global steel markets. The mega-marriage would sharply narrow Baowu's gap with top-ranked international producer ArcelorMittal, and would be a major step in Beijing's drive to consolidate its bloated steel industry.  Click here to read full stories.

Sep 25 - India eyes higher import duties on key items, but will spare gold - official 

India is likely to increase import duties on precious stones, certain types of steel and electronics but will spare gold to prevent smuggling, a finance ministry official said on Monday. The official, who declined to be named, told reporters the main reason for the planned increase in duties is to curb an inflow of items that normally move between China and the United States, but could be redirected because of the tariffs imposed by the two countries. Click here to read full stories.

Sep 25 - Nyrstar profit warning highlights zinc's disconnects: Andy Home 

Belgian zinc producer Nyrstar issued a profits warning last week, citing "adverse market conditions".  The company, which last year produced over a million tonnes of refined zinc, is feeling the pain from the dramatic price collapse of the last six months. London Metal Exchange (LME) zinc hit an 11-year high of $3,595.50 per tonne in February. It is currently trading at $2,525 after touching a two-year low of $2,283 in August. Click here to read full stories.

Sep 25 - China copper smelters set Q4 treatment/refining charges lower than a year earlier 

China's top copper smelters have set their floor treatment and refining charges (TC/RCs) for the fourth quarter at $90 per tonne and 9 cents per pound, two sources with direct knowledge of the matter said on Tuesday. The floor charges, the minimum miners pay smelters to process their copper concentrate into refined metal, were agreed at a meeting of the 10-member China Smelters Purchase Team (CSPT) on Friday, the sources said.China is the world's top copper consumer. Click here to read full stories.

Sep 25 - Mining tech firm Outotec to pull out of Iran - spokeswoman 

Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions, a company spokeswoman said on Monday. Outotec, which builds plants, makes equipment and offers services for the metal and mineral processing industries, has a long history in Iran and it remained in the market after the United States instituted sanctions against Iran in 2010. Click here to read full stories.

Sep 25 - Emirates Steel hires BNP Paribas to coordinate $400 million loan - sources 

Emirates Steel, the largest steel producer in the United Arab Emirates, has hired BNP Paribas to coordinate a $400 million loan financing, sources familiar with the matter said. The company, owned by Abu Dhabi's Senaat, a state-owned investor in the emirate's industrial sector, will use the loan proceeds to refinance part of its existing debt. Click here to read full stories.

Sep 25 - World Gold Council starts China chapter, adds Shandong Gold to board 

The World Gold Council (WGC) said it had established a China chapter and gold miner Shandong Gold Group joined the industry body's board as a member. The China chapter will be chaired by Song Xin, chairman of China Gold Group, the WGC said in a statement posted on its website on Monday. Click here to read full stories.

Sep 25 - BHP's Kalgoorlie nickel smelter shut after fire 

BHP Billiton said on Monday its Kalgoorlie nickel smelter has been closed after a fire that broke out over the weekend and the plant will remain shut while it assesses the damage. The fire had been put out, there were no injuries and efforts would focus on returning the plant to normal operations, the global miner said. Click here to read full stories.

Sep 24 - Rusal seeks China trading team as US sanctions threaten sales -sources

Russian aluminium giant United Company Rusal is assembling a team of traders in China, three sources with knowledge of the matter said, as the spectre of U.S. sanctions hangs over its sales to customers in the West. The sources said Rusal is in the process of setting up a trading company to house the team, which will include a sales manager, an aluminium trader and an alumina trader. Click here to read full stories.

Sep 24 - Australian mining's macho image worsens pain of labour shortage

When the song "Eagle Rock" played at a bar in an outback Australian mining town of Kalgoorlie late one night, a dozen young men scattered around a pool table dropped their trousers and heartily sang along in their underwear. Later that night, they piled behind the counter of the bar attached to the Western Australian School of Mines (WASM), singing an anthem that began, "We are engineers," and finished with an obscene description of how they treat women. Click here to read full stories.

Sep 24 - Barrick Gold is in late-stage talks to buy Randgold Resources - source

Canada's Barrick Gold Corp is in late-stage talks to acquire Randgold Resources Ltd, which operates mines in Africa, a person familiar with the matter said on Sunday. A deal is expected to be announced within the next day, said people with knowledge of it. Mark Bristow, the chief executive of Randgold, will become CEO of the combined company, one of the sources said. Reuters could not determine the value of the possible deal. Click here to read full stories.

Sep 24 - Going long: Chinese steel mills chase iron ore contracts with Brazil's Vale

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies. That demand highlights how China's prolonged war on pollution is shaking global markets for iron ore, the world's most heavily traded bulk commodity. Click here to read full stories.

Sep 24 - Rare earth miner Lynas to face review in Malaysia - media

Australia-listed rare earths miner Lynas Corp Ltd said on Monday that reports an opponent of its refinery in Malaysia will head a government review of the plant "raise concerns", as its shares lost nearly a quarter of their value. Lynas is the only major miner outside China of the metallic elements, crucial in the production of magnets. It mines raw material in Western Australia which is sent to a plant in Malaysia for processing. Click here to read full stories.

Sep 24 - Shanghai sets challenge to New York, London in copper options debut

China's top state copper companies threw their weight behind Shanghai's first copper options on Friday, with early turnover trouncing its New York rival and raising a big challenge to the 141-year-old London bourse in the $270 billion global market. The initial burst of activity demonstrates strong interest among Chinese investors as the country aims to capitalise on its role as the world's top metals producer and consumer to develop its domestic derivatives industry. Click here to read full stories.

Sep 24 - Copper market in 45,000 tonnes deficit in Jun 2018 - ICSG

The global world refined copper market showed a 45,000 tonnes deficit in June, compared with a 50,000 tonnes deficit in May, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 6 months of the year, the market was in a 51,000 tonnes deficit compared with a 148,000 tonnes deficit in the same period a year earlier, the ICSG said. Click here to read full stories.

Sep 24 - 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 Sept. 18, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They trimmed their net short positions in silver and copper futures and options, CFTC said. Gold speculators raised their net short position by 2,965 contracts to 74,390 contracts, according to CFTC data. Click here to read full stories.

Sep 24 - Chinese petcoke buyers turning to Russia, Mideast after U.S. tariffs

Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25 percent tariff on U.S. petroleum coke, a byproduct of oil refining, from Aug. 23 as part of its escalating trade row with the United States.  Click here to read full stories.

Sep 24 - Paulson launches alliance to seek better returns in gold sector

Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The coalition, launched by Paulson's U.S. hedge fund Paulson & Co, will issue analyst reports and engage with management to improve capital allocation, compensation and corporate governance in gold companies, the coalition said in a statement. Click here to read full stories.

Sep 24 - South Africa's NUM union signs wage deal with AngloGold

South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12 percent for entry-level underground workers in the first year, over double the inflation rate, an industry trend in recent years that has hit margins and made many shafts unprofitable. Click here to read full stories.

Sep 24 - Philippines halts quarry operations after deadly landslide

The Philippines on Friday temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble. As search, rescue and retrieval operations continued at the landslide site in Naga City on the central island of Cebu, Environment and Natural Resources Secretary Roy Cimatu announced the 15-day suspension pending safety assessments at other quarrying areas. Click here to read full stories.

Sep 21 - In debut, China's state copper firms, Trafigura line up to trade ShFE options

Swiss trading house Trafigura and China's top copper producers Tongling Nonferrous Metals and Jiangxi Copper were among the first to trade copper options at their debut on Friday, as the Shanghai Futures Exchange challenges New York and London rivals. The Swiss group, which has a China-based trading unit, bought a handful of bullish call options for delivery in January, the first active month, at a strike price of 50,000 yuan ($7,314), a source said. Click here to read full stories.

Sep 21 - Going long: Chinese steel mills chase iron ore contracts with Brazil's Vale

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies. Click here to read full stories.

Sep 21 - Trade wars will weigh on already struggling tin: Andy Home

Tin has been spared the volatility afflicting the rest of the industrial metals over the past month. The London contract is too illiquid to attract the attention of many of the speculative players who have been hammering the likes of copper as a proxy for their negative view on global manufacturing growth. But tin hasn't been spared completely.  Click here to read full stories.

Sep 21 - Thyssenkrupp to keep on implementing steel JV with Tata-CEO

Thyssenkrupp's interim chief executive dismissed speculation that it would pull out of its steel joint venture with India's Tata Steel in the wake of management upheaval at the German industrial conglomerate. Last week, media reports said the implementation of the landmark deal, signed in late June, was stalling over the sudden departure of Thyssenkrupp's CEO Heinrich Hiesinger, the main architect of the transaction. Click here to read full stories.

Sep 21 - Colombia's Cerro Matoso mine wins appeal, will not pay damages

Colombia's Cerro Matoso nickel mine, owned by Australian miner South32, will not be required to pay damages to indigenous and Afro-Colombian communities after winning an appeal in Colombia's constitutional court, a court spokesperson said on Thursday. The court had previously ruled that waste emissions seriously affected communities in Cordoba province, including community members who had been diagnosed with lung and heart problems.  Click here to read full stories.

Sep 21 - South Africa's cabinet approves new mining charter 

South Africa's cabinet approved a long-delayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister said on Thursday. The mining charter - which was introduced to redress the exclusion of black people in the mining sector under apartheid - could, however, still be the subject of legal challenges if mining companies are unhappy with its contents after it is published. Click here to read full stories.

Sep 21 - BHP's Spence copper mine in Chile partially closed following fire

Global miner BHP Billiton Ltd said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished, the company said. Click here to read full stories.

Sep 21 - Deep sea robots reveal mineral riches in the abyss

From the safety of their research vessel, scientists are exploring one of Earth's last frontiers - the sea floor - to discover more about valuable minerals vital in the manufacture of smartphones. The scientists, from the University of Bergen in Norway, are sending robots 2,500 metres (8,000 feet) down into the waters between Norway and Greenland, to try to understand the environments potentially rich with rare earth minerals. Click here to read full stories.

Sep 20 - With copper options, China steps up challenge to London, New York rivals

The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as the exchange also considers opening its flagship copper futures to foreign investors, and is a major step in China's prolonged effort to develop its derivatives industry. Click here to read full stories

Sep 20 - China's top iron ore trading platform eyes record volumes on robust steel output

Volumes at China's biggest physical iron ore trading platform may hit record levels this year, with demand for the steelmkaing raw material pushed up as steel output has been strong despite pollution-linked curbs, its president said. Volumes traded on the Beijing Iron Ore Trading Center Corporation (COREX) from January to mid-September have risen 20 percent from the same time in 2017 to 24 million tonnes, and are on course to beat last year's total of 33.6 million tonnes, said company president You Song. Click here to read full stories

Sep 20 - China's steel demand to stay firm despite U.S. trade war - industry official

China's steel demand will remain firm despite the country's escalating trade war with the United States, and any efforts by Washington to "sabotage" the Chinese economy will not succeed, the head of China's steel association said. "The U.S. wants Chinese demand to go down but the U.S. doesn't have the ability to command the Chinese economy," Liu Zhenjiang, president of the China Iron and Steel Association, told Reuters on the sidelines of an industry conference. Click here to read full stories

Sep 20 - China's Nanhua plans London Metal Exchange debut

Major Chinese broker Nanhua Futures is planning to start trading on the London Metal Exchange in the first half of next year as the market experiences a wave of fresh interest from China. Nanhua's move comes as Chinese conglomerate Fosun International holds talks to buy Marex Spectron, one of the biggest brokers on the LME - the world's oldest and biggest trading venue for industrial metals.  Click here to read full stories

Sep 20 - Rio Tinto announces $3.2 bln share buyback programme

Global miner Rio Tinto said on Thursday it will return $3.2 billion to shareholders following the recent sale of some Australian coal assets. Rio said it will conduct an off-market share buyback for up 41.2 million Rio Tinto Ltd shares, worth about $1.9 billion, and further on-market purchases of Rio Tinto plc shares. Click here to read full stories

Sep 20 - Vale says it could expand Brazil iron ore mine as Chinese demand grows

Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for higher-grade varieties of the commodity, a company official said on Thursday. China, the world's top consumer of the steelmaking ingredient, has ramped up buying of higher-quality, less polluting grades as it battles to clear its notoriously smoggy skies. Click here to read full stories

Sep 20 - Banks, traders launch first commodities blockchain platform

Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday. The platform will be run by a venture called komgo SA, based in Geneva, Switzerland, and is due to go live later this year. Click here to read full stories

Sep 20 - Australia's Roy Hill aims to boost iron ore output to 60 mln T/year

Iron ore mining company Roy Hill, controlled by Australian billionaire Gina Rinehart, is planning to raise its annual output to 60 million tonnes from 55 million tonnes currently, its chief executive said on Thursday. Having achieved its targeted production of 55 million tonnes, "we are seeking approval to expand production to 60 million tonnes per annum," CEO Barry Fitzgerald told an industry conference in China. Click here to read full stories

Sep 20 - China's subway splurge could help its steel sector get back on track

A push to expand subway networks in some of China's biggest cities along with a drive to boost broader infrastructure investment in the world's No.2 economy are helping brighten the outlook for the nation's mammoth steel sector. The cities of Suzhou in eastern Jiangsu province and Changchun in northeastern Jilin province, as well as Shenzhen in the south, last month announced plans to spend the equivalent of billions of dollars boosting their underground systems by a total of around 1,600 kilometres (1,000 miles), gobbling up steel as they expand.  Click here to read full stories

Sep 20 - Some Japanese aluminium buyers agree Q4 premium at $103/T, down 22 pct Q/Q - sources

Some Japanese aluminium buyers have agreed to pay a global producer a premium of $103 per tonne for shipments in the October to December quarter, reflecting lower spot premiums, two sources directly involved in pricing talks said on Wednesday. The premium is 22 percent lower than the $132 per tonne premium in the current quarter and follows three quarters of rising premiums. Click here to read full stories

Sep 20 - Rusal postpones start of aluminium production at Taishet smelter - ministry

The start of aluminium production at Russia's Taishet aluminium smelter, a project of sanctions-hit Rusal, has been postponed until after 2020, Russia's economy ministry said in materials prepared for a government meeting. Rusal, which was targeted by U.S. sanctions in April, previously planned to build the first line of the Siberian smelter, with an annual capacity of 430,000 tonnes, by 2020. Click here to read full stories

Sep 20 - Avisma and Boeing launch new titanium JV in Russia

Russia's VSMPO-Avisma, the world's largest titanium producer, and U.S. planemaker Boeing have launched a new manufacturing unit in Russia's Urals region of Sverdlovsk, a local governor said on social media on Wednesday. The joint venture (JV) will receive 5.5 billion roubles ($82.3 million) of investment, Evgeny Kuyvashev said. Click here to read full stories

Sep 20 - Central Asia Metals hunts for acquisitions

Base metals producer Central Asia Metals (CAML) on Wednesday reported a more than doubling in first-half revenue and profits following the acquisition of a mine in Macedonia and said it was actively looking for new opportunities to expand. Aim-listed CAML bought the Sasa zinc and lead mine in Macedonia in September 2017 for $402.5 million, with a combination of debt and equity. The company also owns a copper mine in Kazakhstan. Click here to read full stories

Sep 19 - Nickel's "electric premium" crushed by trade tensions: Andy Home

Nickel has finally succumbed to the base metals price rout. It is still the best year-to-date performer among the core six metals traded on the London Metal Exchange (LME) Click here to read full stories

Sep 19 - China steel companies create JV to foster industry consolidation

China's three major steel groups and a state-backed asset management company have create an asset management joint venture to offer financial support for consolidation in the steel sector. Baowu Steel Group, Ansteel Group, Magang Group and China Orient Asset Management Co have invested 2 billion yuan ($291.30 million) to set up Huabao Metallurgical Assets Management Co, according to a statement issued by Magang on Monday. Click here to read full stories

Sep 19 - India considers raising import duty on steel to support rupee-document

India's steel ministry has proposed increasing the effective import duty on some steel products to 15 percent from current rates ranging from 5 percent to 12.5 percent, according to two sources and a government document reviewed by Reuters, as the country looks to support the rupee. The proposal, which is part of a broader government plan to cut "non-necessary" imports to stop an outflow of dollars that has sent the rupee to record lows, will be discussed in the trade ministry on Wednesday, according to one of the sources involved in the matter. Click here to read full stories

Sep 19 - Rusal's foil plant in Armenia starts reducing output - sources

Rusal's foil-rolling plant Armenal has started cutting production due to U.S. sanctions on the Russian aluminium giant, a source at the plant and a source close to Rusal said. Armenal, which is based in Armenia and employs 670 people, has seen demand for its products fall since Washington imposed sanctions in April against Russian businessman Oleg Deripaska and some of the companies he controls, including Rusal, the sources said. Click here to read full stories

Sep 19 - Australia's northern infrastructure fund backs mineral sands project

Australian mineral sands developer Sheffield Resources said on Wednesday it will receive a A$95 million ($69 million) loan from Australia's northern infrastructure fund to help develop its Thunderbird project. The funds will be used to build storage, accomodation and power facilities, Sheffield said in a stock exchange release, adding that it would no longer require a $25 million facility from Taurus Mining Finance Fund. Click here to read full stories

Sep 19 - Finland's Outokumpu says U.S. will grant few steel tariff exemptions

Finland's Outokumpu, one of the world's largest stainless steelmakers, said the United States would grant very few steel tariff exemption requests, adding it expected U.S. stainless prices to resume their upward trend as a result. U.S. President Donald Trump slapped a 25 percent tariff on imported steel this spring but allowed companies to apply for exemptions if the metals they needed were not available in sufficient quality or quantity, or in reasonable time. Click here to read full stories

Sep 19 - After disaster, Philippines to review all small-scale mining proposals

The Philippines has ordered a review of more than 100 proposals for small-scale mining sites across the country following a landslide that killed 62 people including illegal gold miners, its environment minister said on Tuesday. The Southeast Asian nation has designated about 18 mining areas for small-scale mining locally known as Minahang Bayan. The areas are subject to rules regulating small-scale mineral extraction to ensure taxes are paid and environmental breaches are prevented. Click here to read full stories

Sep 19 - Eldorado Gold seeks $877 mln compensation from Greece for permit delays

Eldorado Gold said on Tuesday it would seek a compensation of 750 million euros ($877.35 million)from Greece for damages suffered by the Canadian miner due to delays in the issuance of permits for its Skouries project. The differences between Eldorado and the government over the miner's plans to produce gold and other metals in the northern Greek region of Halkidiki have dragged on for years, mainly over environmental regulations. Click here to read full stories

Sep 18 - U.S. gives rare earths reprieve in revised $200 bln China tariff list

The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200 billion of Chinese goods, underscoring its reliance on China for the strategic minerals. China is the world's largest producer of rare earths and the biggest supplier to the United States, according the U.S. Geological Survey. Click here to read full stories.

Sep 18 - Solid demand to underpin lithium as price slides in 2018

An oversupply of lithium this year has nearly halved prices this year in China, halting an unprecedented run for the key component for batteries used in electric vehicles. But analysts say solid long-term demand should shore up the market after a slight surplus in demand this year. Click here to read full stories.

Sep 18 - Relief for Rusal, but aluminium's political risks remain: Andy Home

The United States has thrown Russian aluminium company Rusal a lifeline by loosening sanctions imposed on the company in April. Critically, the U.S. Treasury has tweaked its sanctions to allow Rusal to enter into new contracts with existing customers. Click here to read full stories.

Sep 18 - BHP chief sees pay rise trimmed on production, fatalities

BHP Billiton Chief Executive Andrew Mackenzie received a $100,000 pay rise in the last financial year but missed out on a higher increase after two fatalities and lower than targeted output of key commodities, BHP said on Tuesday. The increase bumped up Mackenzie's pay to $4.66 million from $4.55 million a year earlier. Target remuneration stood at $7.72 million with a maximum of $13.1 million the in the case of "significant outperformance", BHP said in its annual report. Click here to read full stories.

Sep 18 - Tokyo Steel to keep product prices unchanged for 8th straight month

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Tuesday said it would hold steel product prices steady in October to make sure hikes implemented early this year were absorbed by the market. This will mark the eighth straight month Tokyo Steel has kept the prices unchanged. It last raised prices in February. Click here to read full stories.

Sep 18 - Russian giant copper project in talks to raise $1.25 bln

A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit, its chairman said. Large greenfield projects in Russia's energy and mining sector slowed after Russia was hit by Western sanctions four years ago, limiting the economy's access to foreign finance, but some of the bigger projects are now being revived with home-grown financing. Click here to read full stories.

Sep 18 - Britain's Tamar takes coking coal complaint to Polish PM

A British private equity firm has written to the Polish prime minister complaining about the energy minister's refusal to back a project to open a coking coal mine, a move it said would create 2,000 jobs. Poland has said it welcomes foreign investment and is keen to create jobs, especially in mining. But its ruling Law and Justice (PiS) party, with an eye on local elections in October, is also working to return strategic assets to state ownership. Click here to read full stories.

Sep 18 - Tahoe Resources' Guatemalan unit announces new round of layoffs

The Guatemalan unit of U.S. miner Tahoe Resources Inc laid off an additional 169 workers on Monday, two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine. The layoffs at Minera San Rafael, Tahoe's local unit, now total 872 employees since the company's property was forced to halt operations last year after a Guatemalan court suspended the licenses. Click here to read full stories.

Sep 18 - Petra Diamonds' core profit climbs, CEO to step down

Petra Diamonds on Monday reported a jump in full-year adjusted core earnings due to a rise in production at its continuing mines and said its chief executive would step down. This pushed Petra's London-listed shares, which are down 40 percent this year, jumped more than 6 percent to their highest in over a month while the wider index inched slightly lower. Click here to read full stories.

Sep 18 - Philippine leader again vows to shut mines after deadly landslides

Philippine President Rodrigo Duterte repeated his call on Monday to shut all mines in the country following deadly landslides, hours after his minister halted all small-scale mining in a mountainous gold-rich region. "If I were to try to do my thing I will close all mining in the Philippines," he said, presiding over a televised meeting of the government's disaster response team two days after a powerful typhoon struck. Click here to read full stories.

Sep 17 - Ahead of winter, Chinese steel mills rush to meet stricter smog rules

Steel mills in Tangshan, China's top steelmaking city, are rushing to install equipment to meet new 'ultra-low' emissions targets by an Oct. 31 deadline, as the measures to battle pollution threaten more upheaval in the debt-laden sector. Only a handful of mills have installed the technology that removes sulphur, nitrogen and dust and costs up to 200 million yuan ($29 million), according to analysts who have tracked the more than 150 sintering plants in the city affected by the new rules, which were only announced in July. Click here to read full stories

Sep 17 - Nickel producers eye Indonesia to plug into EV battery market

Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining Co Ltd (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to build a nickel processing project in Pomalaa, Southeast Sulawesi. Click here to read full stories

Sep 17 - Chilean lawmakers study extra tax for copper, lithium mines

Chile's congress is studying a proposal for an additional royalty payment for copper and lithium miners operating in the country to bolster the development of the regions around their deposits, according to a draft seen by Reuters. The initiative, which was put forward by opposition legislators from mining areas and does not have government backing, proposes a 3 percent tax on the nominal value of extracted metals and would apply to copper miners producing more than 12,000 tonnes of copper a year and 50,000 tonnes of lithium. Click here to read full stories

Sep 17 - Philippine minister orders small-scale mining halt after landslides

The Philippines' environment minister on Monday ordered the stoppage of all small-scale mining activities in a mountainous region in the country's north following major landslides after super typhoon Mangkhut hit the country. "I officially order the cease and desist of all illegal small-scale mining in Cordillera Region," Environment and Natural Resources Secretary Roy Cimatu told a media briefing. Click here to read full stories

Sep 17 - South African unions to sign 3-year wage deal with AngloGold Ashanti

South African union Solidarity said it will sign a three-year gold sector wage deal with AngloGold Ashanti on Monday along with Association of Mineworkers and Construction Union (AMCU), without providing further details of the agreement. Gold producers have argued that above-inflation wage hikes have been adding to the cost burden in the bullion industry, which has been hit by depressed prices and labour unrest. Click here to read full stories

Sep 17 - Congo will declare cobalt and other minerals as "strategic" in coming days - mines minister

The prime minister of Democratic Republic of Congo will sign a decree in the coming days to designate cobalt and other minerals as "strategic" and therefore subject to higher royalties, Mines Minister Martin Kabwelulu said on Saturday. The change is part of a new mining code, which mining companies including Glencore and Randgold oppose as it axes tax exemptions and hikes royalties and profit taxes. They have been holding out the hope it might be watered down in further negotiations. Click here to read full stories

Sep 17 - Nexa says to invest $1.17 bln in Peru, Brazil in five years

Brazilian mining company Nexa Resources plans to invest some $1.17 billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porta said on Friday. About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc, Porta said in an interview. Click here to read full stories

Sep 17 - British Steel blames falling pound as it axes 400 jobs

British Steel, Britain's second largest steelmaker, said on Friday it would cut 400 jobs, blaming factors such as the falling pound, which has lost nearly 13 percent of its value since Britain voted to leave the European Union two years ago. The news comes as a blow to steel market bulls betting the sector has put the dark days of a crisis that saw 7,000 jobs or a quarter of the workforce axed between September 2015 and March 2017, well and truly behind it. Click here to read full stories

Sep 14 - Trumped: How Seoul's U.S. trade 'coup' left Korea steel in limbo as Japan marches on 

As much as half of output capacity at some specialty South Korean steelmakers has ground to a standstill as an exemption to U.S. import tariffs they first hailed as a Seoul diplomatic coup turns out to be an quota bottleneck. Production lines are standing idle, people with knowledge of the matter say, even as data shows Japanese steel pipe makers have expanded U.S. exports despite having to cope with 25 percent tariffs. Japanese players have been boosted by offering high-tech pipes for the U.S. oil industry amid an output boom that can't be easily be substituted by U.S. manufacturers, unlike Korean firms' goods. Click here to read full stories

Sep 14 - China's aluminium smelters cut output in August as costs mount

China's aluminium producers cut output by 3 percent in August from the month before, government data showed on Friday, as high raw material costs squeeze their profit margins. China, the world's biggest aluminium producer, churned out 2.84 million tonnes of the metal last month, according to the National Bureau of Statistics (NBS). Click here to read full stories

Sep 14 - Battered copper bulls take refuge in LME options market: Andy Home

It's been a hard time for copper bulls. A year of expected supply disruption from expiring labour contracts has failed to live up to expectations as strike deadlines have largely passed without incident. Click here to read full stories

Sep 14 - China Aug steel output falls from record as summer curbs bite

China's steel output eased in August after hitting a record-high in July, crimped by tough production restrictions in major steelmaking regions as part of efforts to clear the country's smoggy skies. The world's biggest steel maker churned out 80.33 million tonnes of crude steel last month, according to data from the National Bureau of Statistics on Friday. That's down 1.1 percent from a record 81.24 million tonnes in July, but still up 7.7 percent from 74.59 million tonnes in the same month last year. Click here to read full stories

Sep 14 - Chile's lithium miner SQM asks court to reject Tianqi agreement

Chilean lithium miner SQM objected to the terms of a deal drawn up between the country's anti-trust regulator and the Chinese miner Tianqi which hopes to buy almost a quarter of SQM, its lawyers told the country's anti-trust court on Thursday. An attorney representing SQM told Chile’s anti-trust court, which must approve the settlement between the regulator and Tianqi, that the measures agreed upon were not sufficient to limit the Chinese miners access to SQM's commercially-sensitive information. Click here to read full stories

Sep 14 - Lundin Mining has hefty M&A appetite for copper, says incoming CEO

Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions, its incoming chief executive officer said in an interview on Thursday. But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie Inkster said at the company's Toronto head office. Click here to read full stories

Sep 14 - Japan seeks WTO panel over S.Korea's stainless steel bar duties

Japan on Thursday asked the World Trade Organisation (WTO) to set up a dispute settlement panel to challenge South Korea's 14-year-old anti-dumping duties on Japanese stainless steel bars, Japan's trade ministry said. South Korea in 2004 imposed anti-dumping duties of 15.39 percent on imported Japanese stainless steel bars, which are used to make auto parts and machine tools, saying Japanese exporters' dumping of such products hurt the local industry. Japan believes that is no longer the case. Click here to read full stories

Sep 14 - Brexit may leave some EEA members without access to LME clearing

The London Metal Exchange's clearing house may not be immediately allowed to provide services for members in European Economic Area (EEA) countries after Britain leaves the European Union, the exchange said on its website. European Securities and Markets Authority recently advised that the exchange may not be able to submit an application to become a recognised third country clearing house until after Brexit, the LME said. Click here to read full stories

Sep 14 - Teck's copper project attracts interest before end-Sept deadline - sources

Mining companies and commodities trading houses are expected to table first-round offers by a September 28 deadline for a stake in Teck Resources Ltd's Quebrada Blanca copper mine expansion in northern Chile, two sources with knowledge of the matter said. Canada's Teck has said a development partner could contribute $2 billion for a 30 percent to 40 percent stake in the $4.8 billion Phase 2 project, an investment deal it expects to close in the fourth quarter.  Click here to read full stories

Sep 14 - Japan's Sumitomo to focus on battery material supply to Panasonic, Toyota

Japan's Sumitomo Metal Mining Co Ltd (SMM) plans to focus on two key customers for its battery materials, Toyota Motor Corp and Panasonic Corp, supplier of car power packs to Tesla Inc, SMM's new president said. While Toyota and Panasonic are already SMM's biggest customers, rising sales of electric cars - led by Tesla's mass-market Model 3 - mean the Japanese miner and smelter is in a sweet spot it needs to protect. Click here to read full stories

Sep 14 - South Africa's Implats CEO confident of funding during restructuring

South Africa's Impala Platinum (Implats) is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss on Thursday. Implats plans to cut about a third of its staff -- more than 13,000 jobs -- over two years at its labour-intensive, conventional operations in the Rustenburg platinum belt. Click here to read full stories

Sep 14 - Kidman, SQM may have to forfeit lithium mine after Australian gov't ruling

Australia's Kidman Resources and Chilean partner SQM may lose their right to develop the Mount Holland lithium project after a recommendation by a unit of the West Australian government that regulates mining leases. Kidman had asked the Western Australia Department of Mines for an exemption to a rule that requires mine leaseholders to spend a certain amount on site development in order to maintain their rights to their leases. Kidman argued that since it only found lithium after the period was up, it should be exempt. Click here to read full stories

Sep 13 - China's Fosun in talks to buy commodity broker Marex Spectron -sources

Chinese conglomerate Fosun International Ltd is in discussions to buy British-based commodities broker Marex Spectron, two industry sources said. The deal to buy privately-owned Marex would expand the portfolio of Fosun, one of China's most acquisitive overseas dealmakers, in both financial services and commodities, of which China is the world's largest consumer and producer. Click here to read full stories

Sep 13 - U.S. invites China to trade talks as tariffs loom

The Trump administration has invited Chinese officials to restart trade talks, the White House's top economic adviser said, as Washington prepares to further escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods. Larry Kudlow, who heads the White House Economic Council, told Fox Business Network that U.S. Treasury Secretary Steven Mnuchin had sent an invitation to senior Chinese officials, but he declined to provide further details. Click here to read full stories

Sep 13 - Energy trader Mercuria to grow iron ore business with U.S. mine stake

Global commodities trader Mercuria Energy Group is expanding its iron ore business with a majority stake in U.S. Mesabi Metallics Co, it said on Wednesday, deepening its investment in the United States at a time of a resurgent steel industry. The Geneva-based firm will spearhead a $650 million investment package in the miner in exchange for the stake under a memorandum of understanding signed with Chippewa Capital Partners that currently owns 100 percent of Mesabi. Click here to read full stories

Sep 13 - U.S. private equity firm Black Mountain to buy Australia nickel project

U.S.-based private equity firm Black Mountain is set to buy a nickel project in Australia, pushing into a market expected to see a boom from electric vehicle demand. A unit of the company, Black Mountain Metals LLP, will buy the Lanfranchi nickel project in the state of Western Australia for $15.1 million from Panoramic Resources, Panoramic said on Thursday. Click here to read full stories

Sep 13 - LME to maintain discounted carry trade fees indefinitely

The London Metal Exchange will maintain its discounted fees for carry trades indefinitely as it believes the discounts have had a positive impact on trading volumes - the mainstay of the exchange's revenue. The 140-year old exchange cut fees for short and medium-dated carry trades for its members and clients from Oct. 1 last year for a trial period that was due to expire on Oct. 31 this year. Click here to read full stories

Sep 13 - Barrick to eliminate innovation role under decentralization

Barrick Gold Corp will eliminate the executive role of Chief Innovation Officer as part of a broad decentralization push, the company said on Wednesday, adding that it will continue to work on innovation and productivity improvements. Barrick did not officially announce the change, which follows work by CIO Michelle Ash to establish systems that support innovation work at the mine site, rather than the head office, a company spokesman said. Click here to read full stories

Sep 13 - Power plant delays fuel tensions over Rio's giant Mongolia copper mine

Nearly 10 years on from the launch of a giant copper and gold project in Mongolia, Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government. Oyu Tolgoi, located in the South Gobi region near landlocked Mongolia's southern border with China, is scheduled to complete a $5.3 billion underground expansion for first production by 2020, creating one of the world's biggest copper suppliers. Click here to read full stories

Sep 13 - South Africa's Implats reports wider FY loss

South Africa's Impala Platinum (Implats) reported a widening in full-year loss on Thursday, dented by impairments related to the restructuring of its Rustenburg operations. Diluted headline loss per share, the main profit gauge used in South Africa, which strips out certain one-off items, for the year ended June 30 widened to 171 cents per share compared with 137 cents in the year-ago period. Click here to read full stories

Sep 13 - Russia's Polyus on track to boost gold output in 2019

Polyus, Russia's largest gold producer, is on track to boost production to 2.8 million troy ounces and to reduce its capital expenditure in 2019, its Chief Executive Pavel Grachev told Reuters. Its 2018 production is on track to reach the upper end of its forecast range of 2.375-2.425 million troy ounces, Grachev said on the sidelines of the Eastern Economic Forum in the Russian Pacific town of Vladivostok. Click here to read full stories

Sep 13 - Congo mines minister insists no compromise on new mining code

Democratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry leaders to work to implement the code as it was promulgated by President Joseph Kabila. Click here to read full stories

Sep 13 - Canadian miner New Gold explores sale, sources say

Canadian miner New Gold Inc is exploring a sale as it grapples with ballooning development costs and operating challenges at its new mine, people familiar with the situation told Reuters. New Gold, which is working with investment bank BMO Capital Markets to help find a buyer and evaluate other options, has held talks with interested parties, the sources said this week. There were no assurances the talks would result in a deal, they added, declining to be identified as the discussions are private. Click here to read full stories

Sep 13 - Yamana Gold says Argentina's new export tax could hurt cash flow

Canada's Yamana Gold Inc said on Wednesday Argentina's proposal to impose new tax on exports could hurt its cash flow despite the company taking steps to mitigate the impact. The South American country, which is facing an economic crisis, announced new temporary export taxes on grains and other goods last week in a bid to balance its budget in 2019. Click here to read full stories

Sep 12 - Aluminium pricing tensions mount as alumina surges again: Andy Home

The alumina price is on a charge again. The CME cash contract, indexed against Platts' assessment of the Australian price, is currently quoted at $626 per tonne, just shy of the record $643 seen at the start of May. Click here to read full stories.

Sep 12 - Chile copper output up 10.8 percent through July - Cochilco

Chile produced 3.31 million tonnes of copper in the first seven months of the year, an increase of 10.8 percent from the same period a year earlier, Chilean copper commission Cochilco said on Tuesday. Chile produced 481,700 tonnes of copper in July, an increase of 2.9 percent compared to July 2017, boosted by higher output at large, privately held mines in the world's top copper producer. Click here to read full stories.

Sep 12 - ArcelorMittal's sweetened offer for Essar Steel knocks shares

ArcelorMittal shares fell more than 2 percent on Tuesday after the company raised its offer for India's debt-laden Essar Steel, prompting concerns that it was paying too much. The world's largest steelmaker is forming a joint venture with Japan's Nippon Steel & Sumitomo Metal Corp to bid for Essar in competition with Russian lender VTB and Vedanta Resources. Click here to read full stories.

Sep 12 - Brazil federal authorities should take up Belo Sun mine case, court rules

A Brazilian court ruled that a mine planned by Toronto-based Belo Sun Mining Corp in the Amazonian state of Para should be examined by federal authorities and its licenses reviewed, prosecutors said on Tuesday. The decision could further lengthen the approval process for the company, which has been seeking to set up Brazil's biggest gold mine just upstream of the massive Belo Monte hydroelectric dam on a tributary of the Amazon River. The company had forecast outlays of 1.22 billion reais ($293 million) over three years. Click here to read full stories.

Sep 11 - China may let provinces set own winter output curbs for heavy industry - source

China is considering allowing its northern provinces to decide individual output cuts by heavy industry to rein in emissions during the winter, ditching an earlier plan for blanket cuts, a source said. Talk of the move drove down prices of steel and steel-making raw materials and comes as Beijing looks to end its "one-size-fits-all" fight on pollution, devising more nuanced policies reflecting local conditions to limit economic disruption. Click here to read full stories.

Sep 11 - Tahoe aims to work 'in good faith' to restart Guatemala mine

Tahoe Resources Inc will work closely with Guatemalan officials and locals to resolve a dispute and resume operations at its flagship Escobal silver mine, one of the world's largest, Chief Executive Jim Voorhees said on Monday. Guatemala's Constitutional Court last week upheld the suspension of licenses at Escobal mine. Click here to read full stories.

Sep 11 - China's steel heartland tests mills' mettle with new smog-busting plan

"Push the steel mills out of the city centre and turn it into a modern, habitable place to live in," reads a banner hung across the boarded-up offices of Guofeng Iron and Steel Co in the centre of Tangshan, China's top steelmaking city. Behind the gates of the factory, surrounded by a hospital, a shopping mall and high-rise apartment blocks, workers and bulldozers were busy on a recent visit tearing down furnaces as part of a 38 billion yuan ($5.5 billion) plan to move to a new industrial park 60 kilometres (37 miles) away. Click here to read full stories.

Sep 11 - Savannah boosts Portugal lithium estimate, shares rise

Savannah Resources said on Monday its Portuguese lithium resources were more than 40 percent larger than previously estimated and it was talking to potential European customers as the continent seeks to reduce battery mineral imports. Lithium projects are springing up across the globe in response to an expected electric vehicle boom, but warnings of a bubble led to stock shorting this year, unravelling some of the previous strong rallies. Click here to read full stories.

Sep 11 - Baosteel, Wuhan raise prices of some October steel products

China's Baoshan Iron and Steel Co Ltd said on Tuesday it would raise hot-rolled steel coil prices for October delivery by 100 yuan ($14.59) per tonne, according to a statement from the company. It also raised prices for some cold-rolled steel coil products for October by 100-150 yuan per tonne. Click here to read full stories.

Sep 11 - Poland plans to fire CEO of miner JSW this week - source

Poland's energy ministry plans to fire the chief executive of state-controlled miner JSW at a supervisory board meeting on Thursday following disagreements over strategy, a company source told Reuters on Monday. Newspapers Rzeczpospolita and Dziennik Gazeta Prawna earlier reported that JSW might dismiss CEO Daniel Ozon this week, sending shares in the European Union's biggest coking coal producer down as much as 8.5 percent. Click here to read full stories.

Sep 11 - Russia's Potanin returns 2 pct in Norilsk Nickel to Abramovich - sources

Russian billionaire Vladimir Potanin has returned a 2 percent stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in a holding which manages Potanin's assets and a source familiar with the matter. The original sale of the stake was disputed in a London court by aluminium producer Rusal, which owns a stake in Nornickel. Click here to read full stories.

Sep 10 - Trump ups ante on China, threatens duties on nearly all its imports

U.S. President Donald Trump warned on Friday he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods on top of $200 billion in imports primed for levies in coming days. The moves would sharply escalate Trump's trade war with Beijing over his demands for major changes in economic, trade and technology policy. China has threatened retaliation, which could include action against U.S. companies operating there. Click here to read full stories.

Sep 10 - China's August iron ore imports slip as smog curbs hit steel mills

China's imports of steelmaking raw material iron ore fell slightly in August from the previous month, according to customs data on Saturday, hit by output curbs on steel mills as the government battles pollution. Arrivals totalled 89.35 million tonnes last month, down 0.7 percent from 89.96 million tonnes in July, according to data from the General Administration of Customs. That compares with 88.66 million tonnes in August last year.  Click here to read full stories.

Sep 10 - Australia's Port Hedland iron ore shipments to China rise nearly 10 pct in Aug

Iron ore shipments to China from Australia's Port Hedland terminal rose nearly 10 percent in August from a month earlier, port data released on Monday showed. Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes, according to the Pilbara Ports Authority. Click here to read full stories.

Sep 10 - Chilean regulator says agreement reached with Tianqi on SQM stake sale

Chilean anti-trust regulator FNE said on Friday it had reached an agreement with Tianqi Lithium Corp that would allow the Chinese miner to purchase a stake in top lithium producer SQM, pending court approval. The settlement stipulates that Tianqi can not name one of its executives or employees to SQM's board, and requires that the Chinese miner notify regulators of any future, lithium-related deal struck with either SQM or top-competitor Albemarle. Click here to read full stories.

Sep 10 - Russia's Rushydro says sanctions cloud prospects for joining Rusal's smelter

Plans by Russia's power company Rushydro to join a new aluminium smelter project that Rusal wants to build in Siberia, have been complicated by international sanctions, Rushydro's head Nikolai Shulginov said on Monday. Rusal, ranked the world's No.2 aluminium producer after China's Hongqiao, started work on the Taishet project in 2006. Click here to read full stories.

Sep 10 - Tahoe resumes Peru mine operations, annual output seen at low end

Canada's Tahoe Resources Inc said on Friday that operations have restarted at its La Arena gold mine in Peru, ending an eight-day suspension, after protesters agreed to formal talks with the company. Tahoe said it now expects annual production from the mine to be near the low end of its forecast 160,000 to 185,000 ounces of gold, due to the suspension coupled with a labor strike in the second quarter. Click here to read full stories.

Sep 07 - China copper treatment charges for 2019 to fall as concentrate flips to deficit - Antaike

Treatment and refining charges (TC/RCs) paid to China's copper smelters are set to drop below $80 a tonne next year as processing capacity expands and copper concentrate falls into a deficit, an influential Chinese research house said on Friday. Copper miners pay the charges to smelters to process ore into refined metal, offsetting what the smelters pay for copper concentrate. Click here to read full stories.

Sep 07 - Customers to shun Rusal at Berlin 'mating season' for 2019 aluminium deals

European customers will avoid deals with Russia's United Company Rusal, under U.S. sanctions, when the industry meets in Berlin next week to seal 2019 metal supply agreements, three sources familiar with the discussions said. Known in the industry as the "mating season" and taking place alongside a conference run by industry publication Metal Bulletin, negotiations typically agree quantities and premiums paid above the London Metal Exchange benchmark aluminium price. Click here to read full stories.

Sep 07 - Mexico wants steel dispute ended before new NAFTA signed - minister

Mexico wants to end to a tariff dispute over steel and aluminum with the United States prior to signing off on a reworked trade agreement with its northern neighbor, Mexican Economy Minister Ildefonso Guajardo said on Thursday. "Now, what are we going to do here? A deal before we get to signing, to clearly get rid of all these ... tariff-related aggressions," Guajardo said on Mexican television after referring to the steel and aluminum dispute. Click here to read full stories.

Sep 07 - Workers extend strike at Alcoa's alumina operations in Western Australia

Workers at Alcoa's alumina and bauxite operations in Western Australia have voted to reject a proposed workplace agreement and will continue to strike, a trade union said on Friday. Around 1,500 staff at three alumina refineries and two bauxite mines walked out on Aug. 8 over a new workplace agreement they say does not offer sufficient job security. Click here to read full stories.

Sep 07 - ArcelorMittal reaches Ilva deal with unions, opening way for takeover

Steel giant ArcelorMittal reached a deal on Thursday with trades' unions over its planned purchase of Ilva, opening the way for the contested takeover just days before the Italian steelmaker runs out of cash. ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe, but Italy's new government questioned the validity of the contract after it took office in June. Click here to read full stories.

Sep 07 - Peru minister proposes making tax benefit for miners permanent

Peruvian Energy and Mines Minister Francisco Ismodes on Thursday proposed making a temporary tax benefit for mining companies part of the country's permanent tax code in order to reduce investment uncertainty in the world's No. 2 copper producer. Miners in Peru have enjoyed refunds on an 18 percent value-added tax rate for nearly two decades thanks to repeated renewals under market-friendly governments. Click here to read full stories.

Sep 07 - Lundin Mining says no plan to amend hostile Nevsun bid

Canada's Lundin Mining Corp said on Thursday it does not plan to revise its hostile bid for fellow base-metal miner Nevsun Resources Ltd after it was trumped by a C$1.86 billion ($1.42 billion) offer from China's Zijin Mining Group Co Ltd. Lundin made five informal proposals and took a C$1.4 billion bid made directly to shareholders in July, all of which were rejected as inadequate by Nevsun. Click here to read full stories.

Sep 06 - Platinum market set for second consecutive surplus in 2018 - WPIC

The global platinum market will be oversupplied by 295,000 ounces this year as both supply and demand of the autocatalyst metal fall by 2 percent, the World Platinum Investment Council (WPIC) said on Thursday. Lower production of diesel vehicles in Europe will cut platinum use by auto makers by 6 percent, outweighing an increase in consumption by industry, the WPIC said in its latest Platinum Quarterly report. Click here to read full stories.

Sep 06 - Norsk Hydro says it signed deal with Brazil after pollution concerns

Norwegian aluminum maker Norsk Hydro said on Wednesday that it had signed two deals with Brazilian authorities involving social and environmental obligations, in a move that could pave the way for a resumption of full output at the company's Alunorte alumina refinery that was accused of polluting the environment. The deals include payments for food cards for nearby families and investments for the social development of local communities, as well as technical improvements, the company said in a statement, without offering further detail. Click here to read full stories.

Sep 06 - India's Aug gold imports double, hit 15-month high as prices drop - GFMS

India's gold imports more than doubled in August to hit their highest level in 15 months as lower prices prompted manufacturers to replenish inventory for a jewellery exhibition, provisional data from metals consultancy GFMS showed. The 116.5 percent jump in gold purchases year-on-year to 100 tonnes last month by the world's second biggest consumer could support global prices, which have so far slid 8.5 percent in 2018. Click here to read full stories.

Sep 06 - China's Western Mining to launch Qinghai copper smelter next month - chairman

China's Western Mining Co Ltd will start commercial production at its 100,000-tonne-per-year (tpy) copper smelter in northwestern Qinghai province in October and spend 8 billion yuan ($1.17 billion) to expand its mine in Tibet, executives said on Thursday. The smelter project, which involved investment of 2.4-2.5 billion yuan, is currently undergoing test production and output will ramp up gradually after commercial launch, Western Mining Chairman Zhang Yongli said on the sidelines of the China International Copper Forum in Xining. Click here to read full stories.

Sep 06 - Philippines implements fresh nickel mining curbs in environment protection drive

The Philippines, one of the world's top suppliers of nickel ore, will this week start limiting the land that miners can develop at any one time as new rules to protect the environment take effect. The new curbs, backed by President Rodrigo Duterte, target 29 of 48 mines operating in the Philippines, which are nickel producers supplying ores to the world's leading market, China. Reuters first reported the new set of restrictions in April.  Click here to read full stories.

Sep 06 - South African miner Assore reports profit fall on stronger rand

South African minerals and metals producer Assore reported a 1.9 percent fall in annual profit on Thursday as a strong rand currency offset favourable commodity prices and higher sales. Assore, which also produces manganese and chrome ore, said headline earnings per share (HEPS) for the year to June 30 fell to 4,953 cents from 5,049 cents. Click here to read full stories.

Sep 06 - Lithium producer Albemarle eyes buying rival if IPO stumbles - source

Albemarle Corp, the world's largest lithium producer, could buy FMC Corp's lithium division if the smaller rival's initial public offering stumbles this fall, a senior executive told investors at an event in June, according to a source who attended. The comments, which have not previously been publicly reported, come at a time of rapid growth and cutthroat competition across the lithium sector as Albemarle seeks to tap into surging demand for high-tech batteries like those used in Tesla Inc's Model X and other electric vehicles. Click here to read full stories.

Sep 06 - Continental Gold says one employee killed, another wounded in attack

Canadian miner Continental Gold said one engineer from its Buritica mine in Colombia was killed and another wounded in an attack early on Wednesday. A source from the police said the attack did not immediately appear to be connected with crime gangs or insurgents.  Click here to read full stories.

Sep 06 - Western Australia union says it sees Alcoa alumina output hit by strike

Alcoa's alumina production has likely been hit by a four-week strike at its Western Australian operations, the Australian Workers' Union said on Wednesday, raising the prospect of a widening supply deficit in the key aluminium-making ingredient. A spokeswoman said Alcoa had no additional comment on Wednesday, after it had said there has been no significant impact on output from the strike that began on Aug. 8. Click here to read full stories.

Sep 06 - Top banks' H1 commodities revenue climbs 38 pct - report

Commodities-related revenue at the 12 biggest investment banks in the first half gained 38 percent year on year, driven by the energy and base metals sectors, consultancy Coalition said on Thursday. Revenue from commodity trading, selling derivatives to investors and other activities in the sector climbed to $2.1 billion, the financial industry analytics firm said in a report. Click here to read full stories

Sep 05 - Some warehouse firms want LME to change delivery rules, lengthen queues

Some warehouse firms want the London Metal Exchange to change its rules for delivering material so as to allow longer queues and boost revenues undermined by falling stocks, sources familiar with the matter said. For the market, this has revived memories of 2014, when waiting times for loading out aluminium in the Dutch port of Vlissingen climbed to two years and to 700 calendar days in Detroit, backlogs that sparked outrage among consumers in the transport and packaging industries. Click here to read full stories.

Sep 05 - BHP buys into Ecuador copper project with $35 mln SolGold stake

Global miner BHP has agreed a $35.2 million deal for a 6.1 percent stake in SolGold PLC, giving it a share in the promising Cascabel copper-gold project in Ecuador after missing out in an earlier attempt. BHP Chief Executive Andrew Mackenzie said the investment would give the miner exposure to a high quality copper exploration project in Ecuador, a "highly prospective" location for the company. Click here to read full stories.

Sep 05 - Construction starts at biggest undeveloped copper deposit in Russia

A company owned by Russian billionaire Alisher Usmanov's holding company said on Tuesday it had started construction of a massive mining and metallurgical plant at the Udokan copper deposit in a remote region in eastern Siberia. With total reserves of around 26.7 million tonnes of copper, Udokan is the largest undeveloped copper deposit in Russia and one of the biggest in the world. Click here to read full stories.

Sep 05 - China's aluminium capital Binzhou plans new 'high-end' projects

The city of Binzhou in eastern China's Shandong province, home to top aluminium producer China Hongqiao Group is planning five new projects to support development of a high-end aluminium industry, according to a local government document. The projects include a 10,000 tonne-per-year (tpy) aluminium alloy plant to be built by Huachuang Metal, according to the document dated Aug. 30 on the Binzhou city government website. Click here to read full stories.

Sep 05 - South Africa's Sibanye launches $400 mln bond buyback

South African precious metals producer Sibanye-Stillwater said on Tuesday that it was launching a tender offer worth up to $400 million to buy back some of its bonds. Sibanye, which plans to buy platinum producer Lonmin in a deal scheduled to close in the second half of the year, said the tender offer would allow it to retire around 31 percent of its long-term debt. Click here to read full stories.

Sep 04 - Alcoa braces for alumina strike vote in Western Australia

A vote by striking workers at Alcoa's giant west Australian operations will close on Thursday, with the union anticipating a strong "no" vote that could prolong the four-week old strike. Around 1,500 workers at three alumina refineries and two bauxite mines in Western Australia state walked out on Aug. 8 over a new workplace agreement that they say does not offer sufficient job security. Click here to read full stories.

Sep 04 - Chilean copper miner Codelco halts Ventanas furnaces over gas levels

Chilean state miner Codelco halted the operations of three out of four furnaces at its Ventanas copper foundry on Monday morning after high levels of sulphur dioxide were detected, it said in a statement. Codelco said levels of the gas went 20 percent over the accepted limit for five minutes, prompting it to shut down the furnaces as a "voluntary and preventative measure" in the industrial area of Ventanas, 90 miles (145 kilometers) northeast of Santiago. Click here to read full stories.

Sep 04 - India's Anil Agarwal succeeds with Vedanta Resources buyout

Vedanta Resources' Chairman Anil Agarwal will take the London-listed miner private on Oct. 1, his family trust said on Monday, a step seen by some in the industry as a prelude to a potentially broader deal with bigger miner Anglo American. The Volcan Investments trust, which held about two thirds of Vedanta's London-listed arm before it announced a roughly $1 billion buyout offer in July, said holders of 26 percent of shares had agreed to sell. Click here to read full stories.

Sep 04 - Aluminium producers offer Q4 premiums of $112/T, $115/T to Japan buyers - sources 

A global aluminium producer has offered Japanese buyers a premium of $112 per tonne for primary metal shipments for the October-December quarter, down 15 percent from the current quarter, sources directly involved in pricing talks said on Tuesday. Another producer has sought a premium of $115 a tonne, down 13 percent from the premium  of $132 agreed for the July-September quarter, the sources said. Click here to read full stories.

Sep 04 - Guatemala court confirms suspension of Tahoe mining licenses

Guatemala's highest court on Monday confirmed the suspension of mining operations at the San Rafael unit of miner Tahoe Resources Inc. and ordered the government to carry out an immediate consultation of the local indigenous population. The Constitutional Court upheld the suspension of licenses at Tahoe's Escobal mine, one of the world's biggest silver mines, and at the company's smaller Juan Bosco mine. Click here to read full stories.

Sep 04 - Lonmin's largest shareholder backs takeover by Sibanye-Stillwater

South Africa's Public Investment Corporation (PIC) said it will support a takeover of platinum producer Lonmin by precious metals producer Sibanye-Stillwater. State-owned PIC is the largest shareholder in struggling Lonmin, holding 29.2 percent and is Sibanye's second largest shareholder, with an 11.2 percent stake. Click here to read full stories.

Sep 04 - S.Korea's POSCO to invest $40 bln over next five years

South Korean steelmaker POSCO said on Monday that it plans to more than double its investment spending over the next five years to 45 trillion won ($40.4 billion), as it looks to strengthen its competitiveness. Under the plan, POSCO will invest 26 trillion won to 2023 in upgrading and adding steel facilities, another 10 trillion won in new business sectors, including lithium batteries, and the rest on its energy business, the company said in a statement. Click here to read full stories.

Sep 03 - China's iron ore futures push hits speed bump as prices stagnate

Contracts held by investors in China's iron ore futures have fallen to the lowest in more than three years, and trading volumes have nearly halved since May, when foreign companies were first allowed to trade directly. The slump in volumes in China's second "internationalised" futures contract comes amid stagnant iron ore prices, and shows how the market remains in the hands of local speculators, who are quick to abandon slow-moving markets. Click here to read full stories

Sep 03 - Beijing summons aluminium foil makers for talks on Mexico anti-dumping probe - sources

China's Ministry of Commerce has called domestic aluminium foil makers to a meeting in Beijing on Monday to discuss an anti-dumping probe launched by Mexico, three people with direct knowledge of the matter told Reuters on Friday. Mexico on Aug. 28 said it was starting an investigation into imports of a type of aluminium foil from China, a day after U.S. President Donald Trump said he had reached a deal with Mexico on a revised North American Free Trade Agreement.  Click here to read full stories

Sep 03 - Uranium's rally built on supply cuts, looks overcooked for now: Russell

One of the surprise packets in the commodity space this year has been uranium, with the spot price surging 30 percent in the past four months, a stellar performance that may not be justified by current fundamentals. Uranium stood at $26 per pound on Aug. 31, up from the low so far this year of $20, hit in mid-April. The year-to-date gain is 16.6 percent, and the metal used to power nuclear reactors is on track to record a second annual increase. Click here to read full stories

Sep 03 - Chile's Codelco produced 875,000 tonnes copper in 2018 1st half - CEO

Copper production at Codelco, Chile's state-owned copper mining company, rose 2 percent in the first half of 2018 to 813,000 tonnes, Chief Executive Nelson Pizarro said on Friday. The world´s top copper miner benefited from rising prices, posting a pretax profit of $1.235 billion in the same period, up 25 percent year-on-year, with a production cost per pound of copper of $1.38, an increase of 4 percent year-on-year, Pizarro said. Click here to read full stories

Sep 03 - Thyssenkrupp chairman candidates decline job - source

A number of candidates to be chairman of Thyssenkrupp have declined to take the job, a person familiar with the matter said on Friday, leaving the steelmaker facing a delay in filling a leadership vacuum. An agreement with former Deutsche Bank deputy Chief Executive Marcus Schenck and former Bayer CEO Marijn Dekkers could not be reached, the person said. Click here to read full stories

Sep 03 - S.Korea's POSCO to invest $40 bln over next five years

South Korean steelmaker POSCO said on Monday that it plans to more than double its investment spending over the next five years to 45 trillion won ($40.4 billion), as it looks to strengthen its competitiveness. Under the plan, POSCO will invest 26 trillion won to 2023 in upgrading and adding steel facilities, another 10 trillion won in new business sectors, including lithium batteries, and the rest on its energy business, the company said in a statement. Click here to read full stories

Sep 03 - Gold speculators trim net shorts, first time in more than a month - CFTC

Hedge funds and money managers cut their net short positions in COMEX gold contracts in the week to Aug. 28 for the first time in more than a month, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also raised their net short positions in silver futures and options, while trimming their net short positions in copper futures and options, the data showed. Click here to read full stories

Sep 03 - Perth Mint's August gold, silver sales rise on lower prices

Sales of gold products by the Perth Mint in August rose from a month earlier to their highest since October 2017, as lower bullion prices attracted buying, the mint said on Monday. Sales of gold coins and minted bars surged 30 percent to 38,904 ounces last month, the mint said in a blog post. Click here to read full stories

Sep 03 - China's Zijin Mining to take stake in Serbian copper complex

China's Zijin Mining has won the tender to become a strategic partner in Serbia's sole copper complex RTB Bor, pledging to invest $1.26 billion in return for a 63 percent stake, Energy Minister Aleksandar Antic said on Friday. The company also promised a further $200 million to settle RTB Bor's debt and said it would keep all 5,000 workers, the minister said. Click here to read full stories

Sep 03 - Grupo Mexico could reopen San Martin mine after 11 years - official

Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed more than a decade ago due to a workers strike, a senior government official said in an interview. The company began to refurbish the San Martin mine, which has copper, silver, lead and zinc, a week ago, said Carlos Barcena, the economy minister in the northern state of Zacatecas where the mine is located. Click here to read full stories

Sep 03 - Tahoe suspends mining at Peru operation after protest

Canada's Tahoe Resources Inc said on Friday it had temporarily suspended mining operations at its La Arena gold mine in Peru after protesters trespassed on its property and demanded payment for environmental impacts of mining on their community. Tahoe said it filed charges of illegal trespass against leaders of the protest, which included 80 to 100 people from the community of La Ramada, some three kilometers (1.86 miles) from the mine. Click here to read full stories

Aug 30 - In Chilean desert, global thirst for lithium is fueling a 'water war' 

On Chilean water regulator Oscar Cristi's desk, a small white espresso cup teeters atop piles of documents and loose folders that appear on the point of collapse, perhaps an apt metaphor for the growing water crisis in parts of the Andean country. Sitting in his eighth-floor office adjacent to the presidential palace, Cristi, a PhD economist, lays out a map of Chile showing key watersheds for mining. Swaths of the mineral-rich north are colored blue, denoting areas where aquifers are over-exploited. Click here to read full stories.

Aug 30 - China's steel, iron ore sectors may be passing the peak: Russell 

It's been a long time coming but Chinese steel prices are finally showing signs of running out of steam, with futures having dropped for six straight sessions. The Shanghai Futures Exchange benchmark rebar contract closed at 4,160 yuan ($605) a tonne on Wednesday, having retreated from the seven-year high of 4,418 yuan a tonne, reached on Aug. 22. Click here to read full stories.

Aug 30 - U.S.-China trade tensions to shackle copper prices 

Copper prices have recovered from a recent rout, but the possibility of the trade dispute between the Washington and Beijing escalating and its potential to crimp demand in China, the world's top consumer, is expected to cap gains. Benchmark copper on the London Metal Exchange at $6,100 has climbed nearly 6 percent since crashing to a 14-month low of $5,773 a tonne on Aug. 15. Click here to read full stories.

Aug 30 - Inside Albemarle's quest to reinvent the lithium market 

As global demand for lithium hits overdrive, Albemarle Corp is investing millions of dollars to engineer specialized types of the light metal for electric car batteries, part of a strategy to remain the niche market's top producer. The pivot comes as battery makers such as Panasonic Corp, the sole battery supplier to Tesla Inc, increasingly demand more purified versions of lithium that can help boost electricity storage and increase a battery's charge, shaping Albemarle's strategy, according to sources and documents reviewed by Reuters and confirmed by the company. Click here to read full stories.

Aug 30 - Thyssenkrupp leadership vacuum tests desire for change 

Thyssenkrupp's foundation has pledged to stop a break-up of the steel-to-submarines conglomerate, but sliding profits, activist investors and a leadership crisis have forced it to acknowledge the need for deeper reforms. The Alfried Krupp von Bohlen und Halbach Foundation, Thyssenkrupp's biggest shareholder with a 21 percent stake, has been in the spotlight since the July resignations of CEO Heinrich Hiesinger and chairman Ulrich Lehner created a leadership vacuum at the company.  Click here to read full stories.

Aug 30 - Trump allows targeted relief on steel, aluminum quotas - Commerce Department 

U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotas from some countries, the U.S. Commerce Department said on Wednesday. Trump, who put in place tariffs on steel and aluminum imports in March, signed proclamations allowing relief from the quotas on steel from South Korea, Brazil and Argentina and on aluminum from Argentina, the department said in a statement. Click here to read full stories.

Aug 30 - Striking workers at Chile's Andina copper mine reject new offer 

Striking workers at state-owned Codelco's Andina copper mine have rejected their employers' latest contract offer, the company and union said on Wednesday. The 83 workers of the Plantas de Andina union began a strike on Aug. 20 after contract negotiations over salaries and bonuses failed.  Click here to read full stories.

Aug 30 - U.S. goes to WTO to challenge Russian response to Trump's steel tariffs

The United States launched a complaint against Russia at the World Trade Organisation (WTO) on Wednesday, challenging measures introduced by Russia in response to recent U.S. tariffs on global steel and aluminium exports. Imposed in July, the measures in question featuring extra duties on a limited range of U.S. goods were a limited response to the U.S. tariffs, aimed at compensating for just $87.6 million of the $537.6 million Russia expects the hike to cost its companies. Click here to read full stories.

Aug 30 - Australian gold miner Northern Star Resources to buy Alaskan gold mine for $260 mln 

Australia's Northern Star Resources Ltd said on Thursday it will acquire an underground gold mine in the United States for $260 million from Sumitomo Metal Mining Co and Sumitomo Corp. Northern Star said it would acquire the Pogo Gold Mine located southeast of Fairbanks city in the state of Alaska. Click here to read full stories.

Aug 29 - China exporting alumina again as soaring prices upend market 

China is shipping unusually high volumes of alumina for a second time this year to an international market desperate for the ingredient used to make aluminium, traders and analysts said, even as domestic prices rise and put pressure on smelters. Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage, according to consultancy CRU. That's almost three times as much as was exported all of last year, Chinese customs data shows. Click here to read full stories.

Aug 29 - Chinese, Russian-owned companies place binding bids for Serbian copper mine 

China's Zijin Mining and Russian-owned U Gold have sent valid bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, mining and energy minister Aleksandar Antic said on Tuesday. In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return. Click here to read full stories.

Aug 29 - Jiangxi Copper reports 54 pct jump in first-half net profit 

Jiangxi Copper Co, one of China's biggest copper producers, said on Tuesday that its net profit rose 53.9 percent year-on-year in the first half of 2018 due to higher copper prices. The Nanchang-based company said its first-half net income came in at 1.28 billion yuan ($186.21 million), versus 830.2 million yuan a year earlier. Click here to read full stories.

Aug 29 - U.S. energy companies fume over rejected steel tariff exemptions 

The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration. But the department rejected a similar request from Borusan Mannesmann Pipe to exclude 4.5-inch steel pipes imported from Turkey for casing used to line new oil wells. Click here to read full stories.

Aug 29 - Canada's Teck declines to confirm Quebrada Blanca mine upgrade timetable 

Canadian miner Teck Resources Ltd declined to fix a start date for an ambitious $4.8 billion upgrade to its Quebrada Blanca copper mine in northern Chile on Tuesday, pending fresh investment from a development partner. Chile's Mining Minister Baldo Prokurica said earlier on Tuesday that Teck would later this year begin work on the project, which aims to extend the life of the aging deposit by 25 years and substantially boost production to 300,000 tonnes of copper annually. Click here to read full stories.

Aug 29 - Five killed in explosion at aluminium plant in China's Jiangsu - state media 

Five people were killed by an explosion at an aluminium plant in eastern China's Jiangsu province on Tuesday morning, state-run China News reported, citing local authorities. The blast occurred at around 2 a.m. (1800 GMT) in the city of Jiangyin, at a plant belonging to a company named as Yize Aluminium, according to the report. Two people died at the scene and a further three in hospital, where one other victim is in a non-life-threatening condition. Click here to read full stories.

Aug 28 - U.S. says China's steel wheels subsidized, will impose duties on imports 

The U.S. Commerce Department said on Monday it had made a preliminary determination that imports of certain steel wheels from China were subsidized at rates ranging from 58.75 percent to 172.51 percent, and it would impose duties on the product. "As a result of today's decision, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of certain steel wheels from China based on these preliminary rates," the department said in a statement. Click here to read full stories.

Aug 28 - Russia may buy aluminium for state stocks to support Rusal - minister 

Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April, including by purchasing the metal for state stocks, Industry Minister Denis Manturov told reporters on Tuesday. The U.S. Treasury Department placed Russian businessman Oleg Deripaska and Rusal, which he controls, on a blacklist that month, freezing the bulk of the company's exports, paralysing its supply chain and scaring off many customers. Click here to read full stories.

Aug 28 - POSCO buys lithium mining rights in Argentina from Australia's Galaxy 

South Korean steelmaker POSCO has sealed a deal to buy lithium mining rights in Argentina from Galaxy Resources for $280 million, beefing up the Australian miner's funds to dig a lithium mine on neighbouring ground. POSCO said in a statement on Monday that it would also build a lithium plant in Argentina, planning to produce 25,000 tonnes of the commodity per year for 20 years starting from 2021.  Click here to read full stories.

Aug 28 - Chile's miner Codelco makes new offer to striking Andina workers 

Chile's state-owned Codelco, the world's largest copper producer, said on Monday it offered a new contract proposal to striking workers in hopes of ending a small strike at its Andina mine. The 83 unionized workers of the Plantas de Andina union went on strike a week ago after talks with the company over salaries and bonuses in a new contract broke down. Click here to read full stories.

Aug 28 - Protesters block road used by MMG's massive copper mine in Peru 

Indigenous protesters in Peru have blocked China-owned miner MMG Ltd from using a highway on their community's farmland high in the Andes, keeping the company from transporting copper from its massive Las Bambas mine, the community's attorney said on Monday. Families from the indigenous village of Nueva Fuerabamba started occupying the road nearly a week ago to demand the company compensate them for use of it, said Nueva Fuerabamba attorney Carlos Vargas. Click here to read full stories.

Aug 28 - China's July net gold imports via Hong Kong plunge 45 pct m/m 

China's net gold imports via main conduit Hong Kong fell about 45 percent in July from the previous month amid lacklustre demand, data showed on Monday. Imports via Hong Kong fell to 44.802 tonnes in July from 80.867 tonnes in June, according to data from the Hong Kong Census and Statistics Department. Click here to read full stories.

Aug 28 - China's Baosteel to reduce exports to the U.S. in H2 - exec  

China's Baoshan Iron & Steel Co Ltd expects to reduce exports to the United States in the second half this year but will keep total exports stable, a company executive said in at an investor briefing on Tuesday. Known as Baosteel, China's biggest listed steel producer warned about the risks of trade protectionism in its first-half earnings statement issued on Monday. Click here to read full stories.

Aug 28 - Chilean copper miner Sierra Gorda receives environmental greenlight for expansion 

The Chilean copper miner Sierra Gorda, which is controlled by Poland's KGHM, has received environmental approval for a $2 billion expansion and upgrade plan, the country's environmental authority told Reuters on Monday. The upgrades are expected to extend Sierra Gorda's lifespan by 21 years and include an increase to the capacity of the facility's mill from 190,000 tonnes to 230,000 tonnes per day, although overall production of copper cathodes will remain at 55,000 tonnes. Click here to read full stories.

Aug 27 - London LME is closed today Monday 27th.

Aug 27 - Gold traders see price floor amid rising open-interest in options 

A rise in activity in gold options amid geopolitical tensions and a record-long bull market for U.S. equities suggests that investors are betting gold prices have found a floor, traders said. Open interest in Comex gold call options giving the holder a right to buy the metal at $1,200 per ounce in December 2018, surged this week to a record 1,136 contracts, from 79 contracts on July 31, the largest in at least two years.  Click here to read full stories.

Aug 27 - COMEX gold speculators boost record net short position - CFTC 

Hedge funds and money managers increased their net short position in COMEX gold contracts to another record in the week to Aug. 21, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also raised their net short position in silver futures and options, and cut their net short position in copper futures and options, CFTC said. Click here to read full stories.

Aug 27 - Aluminium producer China Hongqiao first-half profits jump, alumina sales soar 

China Hongqiao Group, the world's biggest aluminium producer, reported a 21 percent jump in first-half net profit despite lower revenues as it avoided a repeat of hefty impairments seen a year earlier. Hongqiao, which only reports its earnings on a half-yearly basis, said net income totalled 1.8 billion yuan ($262 million) in the first six months of 2018, versus 1.49 billion yuan a year earlier, when it recorded a 3.36 billion yuan impairment due to the closure of illegal smelting capacity. Click here to read full stories.

Aug 27 - Chile's SQM expects lithium prices to dip in second half 

Chilean lithium miner SQM said it forecast lithium prices dropping as much as 10 percent in the second half of the year compared to the first but stressed it saw no problems with potential water restrictions in the Atacama salt flat where it operates. Chief executive Patricio de Solminihac said on a second-quarter earnings call that Australian lithium concentrate being converted in China for use in car and cell phone batteries was responsible for downward "price pressure." Click here to read full stories.

Aug 27 - Builders on Canada's coasts brace for new steel protections

Canada's latest steel tariff proposal has alarmed construction companies, who have warned it could have an outsized impact on the country's coasts, boosting costs in places like Vancouver, already Canada's most expensive housing market, while protecting steel producers in central Canada. The new measures could make steel more expensive in regions that depend on imports from overseas, raising the cost of large building projects like condominium towers as subcontractors pay new duties on supplies like rebar, used to reinforce concrete. Click here to read full stories.

Aug 27 - Australian lithium miner Galaxy halts trading in shares pending Argentina announcement 

Australian lithium miner Galaxy Resources Ltd announced a trading halt on its ASX-traded shares on Monday, pending an announcement about selling a package of mining tenements in Argentina to South Korea's POSCO. Galaxy agreed to sell some mining tenements in Argentina to steelmaker POSCO for $280 million in late May. They are located in the northern area of the Salar del Hombre Muerto salt flat. Click here to read full stories.

Aug 27 - Tipping point? Inflation creep at Australia's mines to erode margins 

As Australia's big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labour to fuel to equipment have begun to rise, driving up costs and eating into margins. Having repaired their balance sheets after a harrowing shake-out from a decade-long mining boom in 2013-2014, miners are again ploughing money into new projects. Click here to read full stories.

Aug 27 - Nippon Steel sees India as most promising market - executive 

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become "an insider" to capitalise on growth of the world's third-biggest steel market, a senior executive said. "India will be the fastest-growing steel market in the world going forward," Nippon Steel Executive Vice President Katsuhiro Miyamoto told Reuters in an interview on Thursday. Click here to read full stories.

Aug 27 - Battling for life, Noble Group bets on $3.5 bln debt restructuring 

Noble Group Ltd faces a key shareholder meeting on Monday as the shrivelled commodity trader attempts to clinch a last-ditch $3.5 billion debt restructuring deal to stay afloat and put a three-year crisis behind it. Shareholders are being asked to support a debt-for-equity swap that will leave them with ownership of just 20 percent of the business. Multiple sources familiar with the matter say the proposal is expected to succeed. Click here to read full stories.

Aug 27 - Vale's iron ore output will rise only if prices increase - CEO 

The chief executive officer of Brazil's Vale SA, the world's largest iron ore producer, said in an interview published on Sunday that the company would ramp up annual production to 450 million tonnes only when prices rise. Vale CEO Fabio Schvartsman told the Estado de S. Paulo newspaper the company would only operate at its full capacity of 450 million tonnes when prices increased Click here to read full stories.

Aug 24 - Tipping point? Inflation creep at Australia's mines to erode margins 

As Australia's big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labour to fuel to equipment have begun to rise, driving up costs and eating into margins. Having repaired their balance sheets after a harrowing shake-out from a decade-long mining boom in 2013-2014, miners are again ploughing money into new projects. Click here to read full stories.

Aug 24 - Chile says to clamp down on water rights in lithium-rich Salar de Atacama 

Chile is preparing major new restrictions on the extraction of water from the lithium-rich Salar de Atacama salt flats, home to top lithium miners Albemarle and SQM, the head of the country's water authority told Reuters on Thursday. Water authority chief Oscar Cristi said in an exclusive interview that regulators had stopped issuing new permits to extract water from the southernmost sector of the Salar's watershed, known as C2, which is a key water supply for BHP's Escondida copper mine, the world's largest, and Antofagasta’s Zaldivar mine. Click here to read full stories.

Aug 24 - U.S. disrupts aluminium supply chain, but not where it counts: Andy Home 

In the United States, old aluminium smelters are being brought back to life. On Wednesday Century Aluminum held an official ceremony to celebrate the reactivation of the first of three idled potlines at its Hawesville plant in Kentucky. Click here to read full stories.

Aug 24 - South 32, Alumina Ltd see extended supply shortfall, high prices 

Australian producers of alumina, South 32 and Alumina Ltd, both said on Thursday they expect high prices for the aluminium raw material to stretch into next year based on a shortfall in global supply. A buoyant cycle for alumina is expected to continue given an outage at the Alunorte plant in Brazil, production cuts in China over the coming winter, and prospects that global aluminium maker UC Rusal may not escape sanctions this year. Click here to read full stories.

Aug 24 - The head of Polish copper producer KGHM expects metal price to rise 

The Chief Executive Officer of copper producer KGHM Polska Miedz, Marcin Chludzinski, said he expected copper prices to rise to levels seen in the first half of this year, as geopolitical situations are expected to calm down. "We assume stabilisation of the geopolitical situation, which means that the copper price should come back to levels from the first half of 2018," he told reporters late on Thursday. Click here to read full stories.

Aug 24 - U.S. judge lets Canadian company pursue assets from Venezuela's Citgo 

A U.S. judge has granted a Canadian company the right to go after prized U.S. assets belonging to Venezuela, in a bid to get paid on an $1.4 billion award tied to the 2008 nationalization of its gold mining operations by the now cash-strapped South American country. U.S. District Judge Leonard Stark in Delaware on Thursday granted a so-called writ of attachment to Crystallex International Corp in shares of Citgo Holding, which owns a U.S.-based oil refiner controlled by state-owned Petroleos de Venezuela SA (PDVSA). Click here to read full stories.

Aug 24 - Ghana opposition seeks IMF view on $2 bln Chinese Bauxite deal 

Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2 billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday. Under the deal, approved by Ghanaian lawmakers last month, China's Sinohydro Corp Ltd will provide $2 billion for government road projects in exchange for refined bauxite exports. Click here to read full stories.

Aug 24 - Mexico steel industry in Washington to discuss tariffs, quotas 

Mexico's steel industry association Canacero said on Thursday it was called to Washington to discuss implementing steel quotas with the United States to replace the 25 percent tariffs U.S. President Donald Trump imposed on imports of the metal. "We've been called to Washington to address the issue of steel quotas in place of the 25 percent tariff," Canacero president Maximo Vedoya said through a spokesperson. Click here to read full stories.

Aug 24 - Miner Teck idles lead smelting due to B.C. wildfires 

Canadian diversified miner Teck Resources Ltd said on Thursday that lead smelting at its Trail, British Columbia facility was suspended for a fourth day due to wildfires in the province. Teck temporarily shut down lead smelting on Sunday because the flash smelting technology requires high-purity oxygen, which an on-site plant could not supply due to poor air quality. Zinc operations at the complex are currently unaffected, said spokesman Chris Stannell. Click here to read full stories.

Aug 24 - Bosnian coke maker ordered to halt operations after environmental breaches 

Bosnian authorities ordered the Balkans' leading metallurgical coke producer to halt operations on Thursday, saying the company had repeatedly breached environmental standards. Global Ispat Koksna Industrija Lukavac (GIKIL), which is majority owned by Dubai-based Global Steel Holdings Ltd (GSH) and linked to India's wealthy Mittal family, is Bosnia's fourth biggest exporter and sells to Europe and Asia. Click here to read full stories.

Aug 24 - Italy says Ilva tender was irregular but Arcelor contract still valid 

Italian Industry Minister Luigi Di Maio said on Thursday that the tender to sell the Ilva steel plant to industry giant ArcelorMittal was illegitimate, but it was not the fault of Arcelor and the sale to the company might still go ahead. ArcelorMittal won a tender to buy Ilva in 2017 and had been due to take over the ailing firm in July, but Italy's new anti-establishment government put the sale on hold until Sept. 15. Click here to read full stories.

Aug 23 - What Dr Copper ordered: Trade war gives China metal a shot in the arm 

China's copper producers and traders are riding an unexpected surge of business that has pushed physical prices to their highest in nearly two years as fabricators rush to buy refined metal to avoid import tariffs on scrap that kick in on Thursday. The buying spree took off after Beijing announced two weeks ago it would hit $16 billion worth of U.S. imports, including scrap metal, with duties of 25 percent from Aug. 23 in retaliation for a similar move by Washington.  Click here to read full stories.

Aug 23 - Russian minister says $7.5 bln windfall tax off the table for now 

Russian government ministries have agreed a proposed windfall tax on metals, mining and chemical companies is "inappropriate" for now, Industry Minister Denis Manturov said on Wednesday. "With colleagues from other ministries, we reached a common position that as of today it's inappropriate," he told reporters on the sidelines of a military forum outside Moscow, adding that companies' debts had to be taken into considerations. Click here to read full stories.

Aug 23 - Australia's South32 annual profit jumps on robust manganese, alumina demand 

Australia's South32 Ltd posted on Thursday a 16 percent rise in its annual underlying earnings, as healthy demand for manganese and alumina helped offset tepid output at its Illawarra coal project. The world's largest manganese miner's underlying earnings jumped to $1.33 billion from $1.15 billion the previous year, better than analysts' expectations of around $1.32 billion. Click here to read full stories.

Aug 23 - Russia's Mechel swings to net profit, refinances debt in Q2 

Russian coal and steel producer Mechel swung into a net profit in the second quarter from a loss in the same period of the previous year, and has obtained a loan to refinance its debt, the company said on Wednesday. Mechel, which has been in talks with some of its lenders over the past couple of years, said that in July it raised a euro-denominated loan worth 64.7 billion roubles ($966 million) to refinance an earlier $1 billion pre-export financing agreement. Click here to read full stories.

Aug 23 - South Africa's Sibanye-Stillwater swings into H1 profit 

South African precious metals producer Sibanye-Stillwater swung to a half-year profit, bolstered by the inclusion of its U.S platinum operations and higher platinum group metals basket price. Headline earnings per share (HEPS) for the six months to June 30, 2018 rose to 4 cents per share compared with a loss of 135 cents per share in the year ago period, in line with market expectations. Click here to read full stories.

Aug 23 - Chile's Codelco says advanced mine maintenance to mitigate small union strike 

Chile's state-owned miner Codelco, the world's largest copper producer, said on Wednesday that it has initiated a contingency plan to maintain production during a small strike at its Andina mine. Codelco said in a statement to Reuters that the lower staffing levels prompted it to adjust work shifts and bring forward routine maintenance that had been planned for later in the year. Click here to read full stories.

Aug 23 - Chinese, Canadian-Finnish, Cypriot firms bid for Serbia copper mine - paper 

China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Belgrade-based Vecernje Novosti daily reported on Wednesday. A day earlier, Serbia's Economy Ministry announced only that companies from Canada, China and Russia had bid.  Click here to read full stories.

Aug 23 - Chinese firm launches $832 million Zambia copper mine 

NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), on Wednesday launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years. Zambia, Africa's second-largest producer of the metal, saw output rise 10.6 percent in the first half of the year on the back of stable power supply and relatively higher metal prices in recent months. Click here to read full stories.

Aug 22 - Brazil's Samarco mine unlikely to restart in 2019 - BHP 

There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses, a BHP spokesman said on Tuesday. The statement confirmed comments made by another BHP official, Bryan Quinn, in an interview with newspaper Valor Economico. Click here to read full stories.

Aug 22 - Copper and the (very) big fund short: Andy Home  

Peace has broken out in the Chilean copper industry with two major potential labour flashpoints resolved in as many days. Last Friday brought news that the major union at the Caserones copper mine had signed an 11th-hour deal to avert a walk-out. A day later came confirmation of a settlement at Escondida, the world's largest single copper mine.  Click here to read full stories.

Aug 22 - BHP warns protectionism will stoke U.S. costs 

Protectionism will result in higher prices for U.S. citizens, a senior executive at BHP said on Tuesday, adding that the mining company was already seeing the effect. The world's biggest listed mining company reported higher profits on Tuesday and said its business could weather market volatility linked to trade tensions between the United States and China. Click here to read full stories.

Aug 22 - South African gold sector wage negotiations deadlock - union 

South Africa's National Union of Mineworkers (NUM) said on Tuesday that wage negotiations in the gold sector were at a deadlock and the union had declared a dispute, a move that is one step short of a strike. However, the Minerals Council, formerly known as the Chamber of Mines, which is representing gold producers in the wage talks, said the talks were still ongoing. Click here to read full stories.

Aug 22 - Shanghai exchange lines up further copper options tests 

The Shanghai Futures Exchange (ShfE) said on Tuesday it would hold more simulated trading sessions for its upcoming copper options contracts over the next two weekends. The sessions, which the exchange said would use real data about real members, clients and positions, will be held on Aug. 25-26 and Sept. 1-2, according to a ShFE statement. Click here to read full stories.

Aug 22 - Three companies from Canada, China, Russia bid for Serbian copper mine 

Three companies have placed bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Economy Ministry said. In July, Serbia's government said it was seeking a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.  Click here to read full stories.

Aug 22 - Poland's JSW wants to pay out dividend from 2018 profit - CEO 

Poland's state-run JSW, the European Union's biggest coking coal producer, wants to pay out a dividend from 2018 profit, Chief Executive Daniel Ozon said. JSW, which almost collapsed in 2015 when coking coal prices slumped, has not paid out dividends for many years. Click here to read full stories.

Aug 22 - Profit drops, mining deaths spike at South Africa's Harmony Gold 

South Africa's Harmony Gold reported a 43 percent fall in annual earnings on Tuesday, hurt by impairments and a loss relating to debt denominated in U.S. dollars, and a setback to its safety record. The gold industry in South Africa, which has produced a third of the bullion mined in history and is home to the world's deepest mines, has been squeezed for years by depressed prices and soaring labour, power and operational costs. Click here to read full stories.

Aug 22 - China urges local governments to shut excess steel capacity, ban illegal subsidies 

China on Tuesday urged local authorities to strictly comply with Beijing-issued policies shutting excessive steel capacity and banning export and import subsidies for steel companies that violate World Trade Organization rules. The statement by the Ministry of Commerce also asked local authorities not to issue any policy that may benefit the illegal expansion of steel capacity or may impede the elimination of "zombie" companies. Click here to read full stories.

Aug 21 - BHP profit, dividend jump but warns on costs, savings

Global miner BHP, posted a 33 percent jump in annual underlying profit and a record final dividend on Tuesday, but flagged a delay in future savings as well as cost pressures at some of its operations. The world's biggest miner, which has been focussing on simplifying its business and driving returns to shareholders, said it expected its strong momentum to continue into the medium term. Click here to read full stories.

Aug 21 - Thyssenkrupp needs a new chairman by September, investors say

Thyssenkrupp should come up with a candidate for the vacant post of chairman by no later than September, two investor sources said, concerned that a lengthy search might further delay restructuring efforts at the German conglomerate. Thyssenkrupp has been without both a CEO and chairman since Heinrich Hiesinger and Ulrich Lehner resigned last month, throwing the elevators-to-submarines group into crisis at a time of mounting shareholder pressure over strategy. Click here to read full stories.

Aug 21 - Copper market in 31,000 tonnes deficit in May 2018 - ICSG 

The global world refined copper market showed a 31,000 tonnes deficit in May, compared with a 105,000 tonnes deficit in April, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 5 months of the year, the market was in a 21,000 tonnes surplus compared with a 66,000 tonnes deficit in the same period a year earlier, the ICSG said. Click here to read full stories.

Aug 21 - China's Tianqi Lithium files for $1 bln Hong Kong listing - sources 

China's Tianqi Lithium Corp is looking to raise up to $1 billion in its Hong Kong stock market flotation, despite this year's fall in lithium prices, two people close to the deal told Reuters. The company, the world's second-largest lithium producer by sales, on Friday filed plans for Hong Kong's second lithium listing this year. The draft prospectus was put on the Hong Kong exchange website late on Monday. Click here to read full stories.

Aug 21 - Independent committee to decide fate of Vedanta copper smelter in India 

India's environment court said on Monday an independent judicial committee would decide in about six weeks whether to allow Vedanta Ltd to reopen its copper smelter, which was shut by the southern state of Tamil Nadu on environmental grounds. Tamil Nadu ordered the permanent closure of the plant and disconnected its power supply in May following protests that turned violent and culminated in the police opening fire on protesters, killing 13 of them. Click here to read full stories.

Aug 21 - BHP says it is "a little more apprehensive" on short-term commodity prices 

Top global miner BHP Billiton is a little nervous about the near-term outlook for commodity prices, its chief executive said on Tuesday. "We've said ... that we're a little bit more apprehensive about the short-term, but longer term, we still see a lot of strong demand for our products," Chief Executive Andrew Mackenzie told reporters after the company reported a 33 percent rise in annual profit. Click here to read full stories.

Aug 21 - BHP suffers outage at Olympic dam copper smelter 

Global miner BHP Billiton said it was assessing the impact of an ongoing outage at its Olympic dam copper smelter in South Australia, as it released its annual results on Tuesday. The outage followed the failure of several boiler tubes at the acid plant, it said without offering an expected timeline for operations to resume. Click here to read full stories.

Aug 21 - Global lead market sees deficit in June after May surplus 

The global lead market had a deficit of 4,000 tonnes in June after a surplus of 12,000 tonnes in May, data from the Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Monday. For January to June the lead market deficit was 39,000 tonnes against a deficit of 81,000 tonnes in the same period a year ago. Click here to read full stories.

Aug 21 - Global aluminium output rises to 5.472 mln T in July 

Global primary aluminium output rose to 5.472 million tonnes in July from revised 5.334 million tonnes in June, data from the International Aluminium Institute (IAI) showed on Monday. Estimated Chinese production rose to 3.11 million tonnes in July from a revised 3.05 million tonnes in June. Click here to read full stories.

Aug 20 - Chile's Antofagasta expects more copper price volatility - media 

Chile's Antofagasta, one of the world's leading copper producers, expects copper prices to continue to be volatile due to global trade tensions, the head of the company was quoted in a local newspaper as saying on Sunday. Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty, according to an interview published in Chilean newspaper La Tercera. Click here to read full stories.

Aug 20 - Coke price surge in China breeds hoarders, turns off buyers 

A rally that has sent coke prices to a record high in China has prompted sellers in the world's top producer to hoard stocks of the steelmaking ingredient amid fears of further steps by Beijing to curb output as inventories dropped to two-year lows. Some exporters have also stopped shipping out coke - the processed form of coking coal - with buyers turned off by soaring prices, underlining the broader impact of China's blue skies campaign that has forced cities across the country to limit industrial output. Click here to read full stories.

Aug 20 - Workers at Chile's Escondida, world's top copper mine, ink contract 

The union representing workers of Chilean copper mine Escondida signed a new collective labor contract on Friday, ending the risk of a strike that could have paralyzed the world's biggest copper mine. Mine operator BHP had said earlier in the week that terms had been reached but the union needed to vote on the new pact. Click here to read full stories.

Aug 20 - Currency shocks knock platinum to 10-year lows

Platinum prices tumbled to 10-year lows as the collapse of Turkey's lira rippled through markets and weakened the currency of top producer South Africa, underlining persistent oversupply of the autocatalyst metal. Platinum has been caught in a broad sell-off as investors rush to the safety of the dollar, pushing it higher and making dollar-priced metals more expensive for buyers using other currencies. Click here to read full stories.

Aug 20 - COMEX gold speculators increase net short position to a record - CFTC 

Hedge funds and money managers increased their net short position in COMEX gold contracts for the sixth straight week to another record in the week to Aug. 14, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also raised their net short position in silver futures and options, yet they trimmed their net short position in copper contracts, the data showed. Click here to read full stories.

Aug 20 - China's CATL to start producing next-gen low-cobalt batteries in 2019 - source 

China's largest lithium battery maker Contemporary Amperex Technology Ltd (CATL) plans to begin producing in 2019 next-generation nickel-rich batteries, which are cheaper to make and have longer life-spans, according to an internal company presentation and a company source. Its plans for the NCM 811 battery, which have not been officially announced, come as global battery makers have been searching for ways to reduce the proportion of cobalt in their batteries to cut costs. Click here to read full stories.

Aug 20 - Australian iron ore miner Fortescue's annual profit halves 

Australia's Fortescue Metals said on Monday that its annual profit halved as prices for its lower quality iron ore fell, and pledged to wring further efficiencies from its low-cost operations. The world's fourth-largest iron ore miner said underlying net profit after tax came in at $1.08 billion, in line with expectations and down from $2.13 billion a year ago. Click here to read full stories.

Aug 20 - AngloGold swings back into H1 profit, Obuasi mine reboot on track 

AngloGold Ashanti swung back into a first-half profit on the back of higher production and lower-than-expected retrenchment costs, Africa's top gold producer said on Monday. The firm posted headline earnings of $99 million for January-June, in line with figures it had previously flagged, compared with a headline loss for the same period last year of $89 million. Click here to read full stories.

Aug 20 - Union for Chilean mine Caserones accepts revised contract, averting strike 

The main union for Chilean mine Caserones has accepted a revised contractual offer from the copper company, which averted the threat of a strike, according to an internal memo sent to workers early on Friday. An agreement between the union and the mining company, controlled by JX Holding and Mitsui Mining, had been on the brink of failure over last-minute discrepancies, which led to further negotiations until midnight on Thursday. Click here to read full stories.

Aug 20 - Australian court quashes indigenous challenge to Adani mine

An Australian court quashed an indigenous group's bid to block Indian resource conglomerate Adani Enterprises Ltd from developing its controversial Carmichael coalmine on Friday, clearing one of the final legal hurdles to its development. The company is still securing financing for the A$4 billion ($2.9 billion) first stage of the huge mine, but the company said the verdict allows it to secure land tenure for the site. Click here to read full stories.

Aug 17 - Rusal says board backs change of domicile to Russia

Russia's sanctions-hit aluminium giant Rusal said on Friday its board had discussed and approved a change of domicile from Britain's Jersey to Russia in order to take advantage of new special tax regulations. Rusal, which was hit with U.S. sanctions in April that seriously disrupted aluminium supplies, said the relocation was still subject to shareholder approval. Click here to read full stories.

Aug 17 - Is the metals rout signal or noise? The zinc perspective: Andy Home

The London Metal Exchange (LME) base metals markets were a scene of carnage on Wednesday. The LME Index (.LMEX), a basket of the exchange's six core contracts, slumped by almost four percent in a single day. Click here to read full stories.

Aug 17 - Workers at Chile's Escondida mine say they favor contract offer

The first workers to review a proposed labor pact at the world's largest copper mine, Chile's Escondida, are in favor of signing the new contract, union spokesman Carlos Allende said on Thursday. "The contract has been worked out and presented to our grass roots members, who are totally satisfied by it," Allende said. Click here to read full stories.

Aug 17 - Granges halts plans for North America aluminium manufacturing joint venture

Sweden's Granges put on ice its plans to form an aluminium manufacturing joint venture in North America with Japan's Mitsubishi Aluminum Co on Friday, saying that the project was less attractive in "current circumstances". The venture was expected to combine Granges' and Mitsubishi Aluminum' expertise in aluminium rolling to establish a new production facility in North America and manufacture advanced aluminium materials for brazed automotive heat exchangers. Click here to read full stories.

Aug 17 - Copper producer KGHM's profit halves in second quarter

Poland's KGHM, one of the world's biggest copper producers, reported a 50 percent fall in second quarter net profit as lower sales, rising costs and provisions offset the positive impact of higher copper prices. KGHM said on Thursday that second quarter net profit fell to 171 million zlotys ($45 million), from 341 million a year ago, and missed analysts forecasts of 361 million zlotys due to exchange rate effects on borrowings and provisions. Click here to read full stories.

Aug 17 - Cevian may seek second Thyssenkrupp director seat -sources

Investor Cevian may seek a second seat on Thyssenkrupp's supervisory board as the conglomerate's stakeholders seek consensus over restructuring measures, leadership and strategy, two people familiar with the matter said. Cevian currently has only one seat on the crisis-ridden company's non-executive board and may seek an additional position by next January's annual meeting to better reflect its 18 percent ownership, the sources said. Click here to read full stories.

Aug 16 - Chile's Escondida says deal reached with union on new contract 

Management at the world's largest copper mine, Chile's Escondida, said it struck a deal on Wednesday on a new labor contract with the union representing most of its workers. Union officials could not be reached for immediate comment on the agreement, which could signal labor peace after last year's historic 44-day strike at Escondida. Click here to read full stories.

Aug 16 - Nickel is dancing to a new electric (vehicle) beat: Andy Home 

The world used almost 2.2 million tonnes of nickel last year. Around two thirds of that metal was absorbed by the stainless steel industry, which uses it as a key alloying agent. Stainless steel production has been booming. Global output rose by 5.8 percent last year and accelerated by another 9.5 percent in the first quarter of 2018, according to the International Stainless Steel Forum. This has been good news for nickel. Click here to read full stories.

Aug 16 - Perth Mint launches first gold-backed ETF on NYSE 

The Perth Mint, Australia's largest precious metals refinery, depository and mint, on Wednesday announced a new gold-backed exchange-traded fund (ETF) with a low-price management fee, entering the field of lower-cost competitors on the New York Stock Exchange. The new fund, which will trade under the ticker symbol AAAU, will charge a fee of 18 basis points, or 0.18 percent of the value of an investment, said Perth Mint Chief Executive Richard Hayes. Click here to read full stories.

Aug 16 - Russian miners explore payment schemes eschewing dollar 

Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the U.S. dollar in Russian trade and so limit the impact of U.S. sanctions. The Kremlin said on Monday that Russia favoured bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work before being implemented.  Click here to read full stories.

Aug 16 - Russia's En+ says revenues fall after U.S. sanctions 

En+ Group, which manages the aluminium and hydropower businesses of Russian tycoon Oleg Deripaska, said on Wednesday that falling metals sales had dented revenues since the United States imposed sanctions on the company on April 6. En+ Group, one of eight companies with ties to Deripaska sanctioned by the U.S. Treasury in response to Moscow's alleged meddling in the 2016 U.S. election, said second-quarter revenue fell 7.3 percent compared to the same period in 2017. Click here to read full stories.

Aug 16 - Best commodity bets? Exposed to China and less open to trade: Russell 

The recent gyrations in the world economy around Turkey's currency and the escalating U.S.-China trade dispute have taken a toll on commodity prices, especially industrial metals. However, while news-driven sentiment can clearly pummel markets, over a longer period of time not all commodities will be equally affected by the changing global economic dynamics. Click here to read full stories.

Aug 16 - Trump says his steel tariffs will save the U.S. industry - WSJ 

President Donald Trump said on Wednesday his tariffs on foreign steel are saving the U.S. industry and he predicted that in the future American steelmakers will mostly face domestic competition, the Wall Street Journal reported. In a 20-minute interview with the newspaper, Trump said some people may complain that steel prices may be "a little more expensive" in the short term because of the tariffs, but that ultimately they will drop. Click here to read full stories.

Aug 16 - Chalco's H1 profit rises 15.1 pct y/y on lower costs 

Aluminum Corp of China Ltd, known as Chalco, on Wednesday said its first-half net profit rose by 15.1 percent from a year earlier as lower costs offset a more than 10 percent drop in revenues. Chalco, the listed arm of China's biggest state-owned aluminium producer, Chinalco, posted net income of 848.3 million yuan ($122.77 million) in the first half of 2018, compared with 751.3 million yuan a year earlier, according to a statement to the Shanghai Stock Exchange. Click here to read full stories.

Aug 16 - Anglo American expects to obtain permit for Minas-Rio mine by June 2019 

Miner Anglo American Plc expects to obtain licenses to expand its Minas-Rio multibillion-dollar iron ore mine in Brazil by June next year, the company's CEO for Brazil Ruben Fernandes told Reuters on Wednesday. Minas-Rio is Anglo American's biggest development project, but it is still in ramp-up phase. The company aims at hitting a 26.5 million-tonne production target by 2020 with this project. Click here to read full stories.

Aug 15 - Chile's Escondida union to take new labor proposal to members 

The union for Chile's Escondida, the world's largest copper mine, said on Wednesday it will avert its planned strike to consult members about a renewed proposal for a new labor contract from operator BHP. "We have received a new offer that will be presented to members," Patricio Tapia, union's president, told Reuters without providing further details. Click here to read full stories.

Aug 15 - China's Jiangsu province to consolidate steel mill locations in efficiency drive 

China's second-largest steelmaking province, Jiangsu, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry more efficient. After years of getting rid of outdated excess capacity, the latest measures are the next front in the government's long-term effort to upgrade and streamline its smokestack industries. Click here to read full stories.

Aug 15 - Lead shortages, seasonally strong demand suggest possible price revival 

Global trade disputes and political tensions have sent prices of battery metal lead to 14-month lows but tight supplies, shortages and seasonally strong demand for the coming northern winter suggest a possible change of tack. The possibility of protracted trade tensions between the United States and China, and worries about economic growth pushed lead on the London Metal Exchange down to $2,074 a tonne on Aug. 6, its lowest since June last year. Click here to read full stories.

Aug 15 - Canada to consider steel safeguard response to U.S. tariffs 

Canada said on Tuesday it will consider a safeguard action on seven steel products to protect domestic producers from imports since the United States imposed tariffs against its major trade partner in March. Finance Minister Bill Morneau said a 15-day consultation period will be used to look at the harm or threat of harm to seven steel categories, including steel plate, rebar, energy tubular product, hot rolled sheet, pre-painted steel, stainless steel wire and wire rod. Click here to read full stories.

Aug 15 - Miner Antofagasta's H1 earnings fall, trade tensions cloud demand outlook 

Chilean copper producer Antofagasta said first-half core earnings fell 16.2 percent from a year earlier, citing weaker ore quality, and said trade tensions clouded the broader market outlook in the short term.  Its share price was down by 5.4 percent by 0913 GMT, while the broader sector was 0.8 percent lower. Click here to read full stories.

Aug 15 - Paulson keeps stake in gold investments during 2nd qtr - filing 

New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the second quarter of 2018, while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp all remained unexposed to the metal. The timing for Paulson appeared opportunistic, as gold prices declined amid a global trade war as investors sought safety in the strong U.S. dollar and U.S. Treasuries. Click here to read full stories.

Aug 15 - China's Hebei province vows 15 pct cut in smog by 2020 

The northern Chinese province of Hebei will cut smog by a further 15 percent by 2020 and aims to make almost half its groundwater supplies safe for human use by the end of the decade, according to a policy document released late on Tuesday. The smog-prone province, which surrounds the capital Beijing, has been on the frontline of China's efforts to reverse the consequences of more than three decades of untrammelled economic growth. Click here to read full stories.

Aug 14 - China July aluminium output jumps 12 pct, matches record amid smelter ramp-up 

China's primary aluminium production climbed 12 percent in July from the same month a year earlier, equalling its monthly record, as new smelters took output back toward the level that preceded capacity closures in mid-2017. The world's biggest aluminium producer churned out 2.93 million tonnes of the metal last month, according to National Bureau of Statistics data released on Tuesday.  Click here to read full stories.

Aug 14 - BHP, union extend labor talks at mammoth Chile copper mine 

The union at the world's largest copper mine, Escondida in Chile, has called off a strike planned to start on Tuesday after agreeing to extend talks with operator BHP for another day. The announcement early on Tuesday comes amid fears of a repeat of last year's strike at Escondida, which jolted markets and dampened economic growth in Chile as it dragged on for 44 days.  Click here to read full stories.

Aug 14 - China steel mills shrug off anti-smog measures, push output to 4th straight record 

China's steel output rose in July to a fourth straight monthly record as mills ran full tilt to cash in on strong profit margins, despite anti-smog measures imposed by local governments. Mills in China, the world's top steel producer, churned out 81.24 million tonnes of crude steel last month, up 1.3 percent from June and 7.2 percent from the same month last year, data from the National Bureau of Statistics showed on Tuesday. Click here to read full stories.

Aug 14 - Gold's tentative positive China, India signals blown away by Trump, Turkey: Russell 

Gold bulls must be wondering what needs to happen for them to catch a break, as recent positive demand numbers from top consumers India and China were blown away by the crisis gripping Turkey. Spot gold dropped to as low as $1,191.35 an ounce during Monday's trade, the lowest since January 2017 and taking the precious metal's year-to-date loss to around 8.4 percent. Click here to read full stories.

Aug 14 - Electric car bets boosting nickel demand, Nornickel says 

Expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal, Russian mining company Norilsk Nickel said on Monday. Nornickel, the world's second-largest nickel producer, said demand for the metal from the battery sector leapt 38 percent in the first half of this year versus the same period last year. Click here to read full stories.

Aug 14 - China's Ganfeng buys SQM's stake in lithium project for $87.5 mln 

Chile's SQM, one of the world's largest lithium producers, said on Monday that it agreed to sell its 50 percent stake in the Cauchari-Olaroz project in Argentina to China's Ganfeng Lithium for $87.5 million. The deal also stipulates that Ganfeng will pay SQM an additional $50 million if the project's goals for selling lithium are met, SQM said in a statement. Click here to read full stories.

Aug 14 - India's July gold imports surge as jewellers replenish inventory 

India's gold imports rose for the first time in seven months in July after a fall in prices ahead of a jewellery exhibition prompted jewellers to replenish stocks, provisional data from metals consultancy GFMS showed. The 44.2 percent year-on-year jump in gold purchases to 75 tonnes last month by the world's second-biggest consumer could support global prices which on Monday dropped to 17-month lows. Click here to read full stories.

Aug 14 - South Africa's Gold Fields plans to slash jobs in mine restructure 

South Africa's Gold Fields said on Tuesday it plans to slash costs at its struggling South Deep mine, including cutting 1,100 jobs, or around 30 percent of its workforce. South Deep, the company's last South African asset, has faced operational obstacles in a tough geological setting 3 km (2 miles) below the surface. The mine made a loss of 337.6 million rand ($27 million) in 2017. Click here to read full stories.

Aug 14 - Canada finance minister at steel mill Tuesday amid talk of new tariff steps 

Canadian Finance Minister Bill Morneau will make an announcement at steelmaker ArcelorMittal's Dofasco plant in Hamilton on Tuesday, raising expectations that Canada could propose new tariffs or quotas to protect the industry. The Department of Finance said in a release that Morneau would also meet with local business leaders in Hamilton, the heart of Canada's steel industry. Click here to read full stories.

Aug 14 - Union at Chile's Caserones copper mine extends mediation with company 

The main union at Chile's Caserones copper mine said on Monday that both sides had agreed to extend government mediation of labor talks until Thursday. The agreement means a strike approved by 98.5 percent of workers in a vote on Sunday will be postponed, said José Zambra, a spokesman for the union at Caserones. Click here to read full stories.

Aug 13 - Scrap that: China's metal recyclers rush to divert or sell U.S. cargoes as tariffs loom 

Chinese copper fabricators and importers are scrambling to divert or resell cargoes of U.S. copper scrap en route to China after Beijing hit such imports with a 25-percent duty as the trade row with Washington deepens, sources said. U.S. scrap metal, waste paper and plastics cargoes arriving in China from Aug. 23 will incur the new levy after China announced on Wednesday its final list of tariffs on $16 billion of U.S. goods. Scrap was not on a draft list released in June.  Click here to read full stories.

Aug 13 - Trump escalates feud with Turkey, imposing higher metals tariffs 

U.S. President Donald Trump intensified his spat with Turkey on Friday by imposing higher tariffs on metal imports, putting unprecedented economic pressure on a NATO ally and deepening turmoil in Turkish financial markets. Criticizing the state of the U.S. relationship with Ankara, Trump announced on Twitter that he had authorized a doubling of duties on aluminum and steel imported from Turkey, making them 20 percent and 50 percent respectively. Click here to read full stories.

Aug 13 - Putin wants $7.5 bln Russian miners tax discussed, shares drop 

Vladimir Putin has ordered that a proposal to raise 500 billion roubles ($7.5 billion) a year from metal and mining firms be looked at, but the Russian president has not decided whether to approve the plan by a Kremlin economic aide. A letter to Putin from Andrei Belousov, which was seen by Reuters, setting out the proposals triggered a sell-off in metal and mining shares on Friday, with Evraz dropping 9 percent and diamond miner Alrosa falling 4 percent. Click here to read full stories.

Aug 13 - China may end up inadvertent winner from Trump's aluminium tariffs: Russell 

It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10 percent import tax will be China's producers. While Chinese aluminium companies now face the same tariff obstacle as other exporters to the United States, they appear better placed to benefit from some of the (most likely) unintended consequences of the Trump administration's policies. Click here to read full stories.

Aug 13 - Speculators increase record net short position in COMEX gold - CFTC 

Hedge funds and money managers raised their net short position in COMEX gold contracts to another record in the week to Aug. 7, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also increased their net short positions in silver and copper futures and options, the data showed. Click here to read full stories.

Aug 13 - Union at Caserones mine in Chile says members vote to strike 

The main union at Chile's Caserones copper mine said on Sunday that 98.5 percent of its workers had voted to reject a final offer from mine operator Lumina Copper during mediation. The union said in a statement that as a result of the vote, that was held following a weekend-long meeting of its members, a strike had been agreed and it would begin on Tuesday at 8am. Click here to read full stories.

Aug 13 - Peru president expects lithium, uranium mining laws passed in 6 months 

Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine. Plateau said last month it had found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uranium resources at its Falchani deposit in southern Peru, and was looking for a partner in what it said could become the world's biggest lithium mine.  Click here to read full stories.

Aug 13 - Salzgitter sees import pressure after U.S. tariffs, shares fall 

Salzgitter, Germany's No.2 steelmaker after Thyssenkrupp, on Monday warned of a rise in imports into the European Union, a consequence of U.S. tariffs that forces suppliers to sell their products elsewhere. Despite a strong first half, which saw pre-tax profit nearly double to 198.6 million euros ($225.97 million), Salzgitter stuck by its financial guidance for the current year, citing "uncertainty from trade policies and their possible impact". Click here to read full stories.

Aug 13 - Most unions at Chile's El Teniente copper mine accept contract 

Four of the five labor unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco, union leaders told Reuters. "The contract was approved by an ample margin after the company improved its offer," said Guillermo Lemaitre, president of the main labor union involved in the negotiations, said late Thursday. Click here to read full stories.

Aug 13 - CSN hires Jefferies to sell assets in Portugal, Germany - paper 

Brazilian steelmaker Cia Siderurgica Nacional has hired U.S. investment bank Jefferies to advise on the sale of its assets in Portugal and Germany, newspaper O Estado de S.Paulo reported on Sunday. The assets - Lusosider in Portugal and SWT in Germany - are expected to fetch $1 billion by October, the paper reported without citing a source for the information. Click here to read full stories.

Aug 13 - Brazilian steelmaker Usiminas: those injured in blast have left hospital 

All 34 people injured in a blast at a plant owned by Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA have left the hospital, the company said on Saturday. The company, known as Usiminas, said in a statement it could not yet say when the plant near the city of Ipatinga would resume full operation following Friday's blast, although some areas had re-started production. The plant employs about 6,500 people directly. Click here to read full stories.

Aug 06 - Rising oil prices threaten to erode mining sector's profitability 

Rising oil prices are the latest challenge to the mining sector's profitability, threatening to eclipse hard-fought efficiency gains during the past two years and increasing metals demand. Miners use heavy fuel oil to generate electricity at remote sites; they also use it for transport, with large trucks and other equipment guzzling down millions of gallons each day across industry. Click here to read full stories.

Aug 06 - LME warehousing shrinks, casualties mount: Andy Home 

The business of providing warehousing services to the London Metal Exchange (LME) is becoming brutal. Dutch logistics company Katoen Natie Commodities Antwerp "has withdrawn from LME warehouse services with immediate effect," the exchange told its members on July 30. Click here to read full stories.

Aug 06 - Speculators raise record net short position in COMEX gold - CFTC 

Hedge funds and money managers increased their bearish position in COMEX gold contracts to another record in the week to July 31, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They reduced their net short positions in silver and copper futures and options, the data showed. Click here to read full stories.

Aug 06 - Rusal Q2 profit surges vs year-ago earnings despite U.S. sanctions 

Russian aluminium giant Rusal posted a second-quarter profit of $440 million on Monday amid higher market prices for the metal, remaining well in the black despite sanctions imposed on the company earlier this year by Washington. Recurring net profit at Hong Kong-listed Rusal was up 75 percent from a year ago, but down 17 percent from the first quarter of 2018. The earnings figures were the first to be released since sanctions were imposed in early April. Click here to read full stories.

Aug 06 - Rising gold dore imports to India to dent bank's market share 

India's gold dore imports may rise to a record in 2018 on lower import duties, leading the country's bullion refiners to eat away at the share of the gold market held by banks. Imports of dore, a semi-pure alloy made by miners, may climb to 300 tonnes this year from 250.6 tonnes, James Jose, the secretary of the Association of Gold Refineries and Mints, said on Saturday on the sidelines of the India International Gold Convention in the southern Indian city of Kochi. Click here to read full stories.

Aug 06 - Vedanta core profit rises as aluminium offsets copper weakness 

Miner Vedanta Resources Plc, set to be taken private by Chairman Anil Agarwal, reported on Monday a 26.3 percent rise in quarterly core earnings on higher aluminium production and commodity prices, and said it was hopeful of restarting its copper smelter in India. The London-listed company, which operates primarily in India and Africa, has been benefiting from a strong recovery in the prices of metals and oil and gas, and had posted a double-digit percentage growth in core earnings last year.  Click here to read full stories.

Aug 06 - China's Shandong province cuts steel and coal capacity in environment plan 

China's eastern Shandong province has unveiled new targets to cut steel and coal production capacity, eliminate outdated aluminium smelters and change to cleaner energy as part of a broader nationwide anti-pollution push. In a three-year action plan released on Friday, Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year. Click here to read full stories.

Aug 06 - Australia's Fortescue Metals cuts stake in Atlas Iron 

Iron ore miner Fortescue Metals Group said on Monday it reduced its stake in smaller peer Atlas Iron by 8.53 percent, or A$33.2 million ($24.6 million), as per Atlas shares' closing level on Friday. Fortescue had built up a 19.9 percent interest in Atlas in June, giving it a large enough hold to block a takeover by then suitor Mineral Resources Ltd. Click here to read full stories.

Aug 03 - Battery boom sceptics seen driving short holdings in lithium miners 

Short selling of shares in lithium miners SQM, Albemarle, Galaxy and Orocobre has ballooned this year, reflecting what fund managers say is a sign of growing scepticism of an imminent battery boom. The heavy shorting of the stocks puts investors at risk of a short squeeze if project timelines meet or beat expectations, or if near-term oversupply of battery chemicals proves to be more seasonal than structural, fund managers and analysts said. Click here to read full stories.

Aug 03 - Workers at Chile's Escondida give BHP deadline to avoid strike 

The union at BHP Billiton's Escondida mine in Chile, the world's biggest copper mine, told the company on Thursday that it should improve its contract offer by August 6 or it would begin preparations for a strike. Union workers announced earlier on Thursday that they had voted to reject the company's final wage offer, issued by the Anglo-Australian miner last week, and had approved a strike. Click here to read full stories.

Aug 03 - S.African platinum producer Implats to slash 13,400 jobs as costs bite 

Miner Impala Platinum will slash about a third of its workforce over two years in one of the biggest rounds of job cuts by one mining company in living memory in South Africa as the platinum industry faces a day of reckoning. The number of platinum miners employed in South Africa, the world's largest producer of the precious metal, has fallen from a peak of almost 200,000 in 2008 to 175,000 in the face of depressed prices and soaring costs, fuelling labour and social unrest. Click here to read full stories.

Aug 03 - Russia's MMK reports highest earnings since 2008 

MMK, one of Russia's biggest steelmakers, said on Thursday its second-quarter core earnings soared to their highest in a decade thanks to an improved sales mix, stronger prices and a lower cost of sales. The company reported earnings before interest, taxation, depreciation and amortisation (EBITDA) up 43 percent compared to the same period the previous year, hitting $650 million, the highest level since 2008. Click here to read full stories.

Aug 03 - Japan steelmakers shrug off U.S. tariffs in earnings but warn on automobile duties 

Japanese steelmakers reported little fallout in their first-quarter earnings from the U.S. import tariffs on steel, but they all voiced growing concerns over possible U.S. duties on automobiles which could hurt a wide range of Japan's industries. U.S. President Donald Trump ordered a national security probe into imports of automobiles in May. Similar national security investigations were the precursor to the imposition of import tariffs of 25 percent on steel and 10 percent on aluminium in March. Click here to read full stories.

Aug 03 - Aurubis confident on Wieland copper deal despite EU concerns 

Aurubis AG, Europe's biggest copper smelter, said on Thursday it is confident its plan to sell its flat rolled copper products unit to Germany's Wieland-Werke AG will be approved despite EU antitrust regulators on Wednesday saying the deal may hurt competition. The European Commission on Wednesday opened an in-depth investigation to examine the impact of the deal on the companies' customers and consumers. It will decide by Dec. 10 whether to clear the takeover.  Click here to read full stories.

Aug 03 - Sumitomo says Ambatovy to miss FY18/19 nickel output target of 48,000 T 

Japanese trading house Sumitomo Corp expects that nickel output at its Ambatovy project in Madagascar will likely fall short of its earlier target of 48,000 tonnes in the year to March 2019, its chief financial officer said on Friday. "The Ambatovy has run at about 64-65 percent of full capacity in the April to June quarter and it is running at about 70 percent now," Sumitomo CFO Koichi Takahata told a news conference, adding that it aims to raise and maintain the rate at 80 percent as soon as possible. Click here to read full stories.

Aug 03 - South African gold producers make new wage offer to unions 

South African gold producers said on Thursday they had offered annual wage increases of up to 7.2 percent to underground employees and up to 4.5 percent for miners and artisans, after unions rejected a previous offer last week. Gold producers have argued that above-inflation wage hikes have been adding to the cost burden in the bullion industry which has been hit by depressed prices and labour unrest. Click here to read full stories.

Aug 03 - Perth Mint's July gold, silver sales surge 

The Perth Mint's sales of gold products nearly doubled in July from a month earlier, its highest since January, while silver sales more than doubled, the mint said on Friday. Sales of gold coins and minted bars climbed about 78 percent to 29,921 ounces in July, up from 16,847 ounces reported in June, the mint said in a blog post. Click here to read full stories.

Aug 03 - China plans winter smog curbs in northern cities for a second year 

China is preparing to enact tough winter pollution curbs in 28 northern cities for a second year, continuing efforts to improve its notoriously bad air as smog in the world's second-largest economy becomes a hot-button social issue. Sweeping measures are expected across heavy industries including steel, coke, non-ferrous and construction materials aimed at reducing emissions during the winter when temperatures plummet and homes crank up the heat, drawing on the nation's coal-fired power plants. Click here to read full stories.

Aug 02 - Gold to disappoint further as identity crisis takes hold 

Struggling gold prices seem set for further pain, with a flight to the dollar leaving the traditional refuge asset searching for its place as investors build short positions in futures markets and Exchange-Traded Fund (ETF) holdings fall. Investors betting on a stronger U.S economy and higher interest rates have sought out the dollar, sapping any benefits gold and other so-called "safe havens" might have gained from global trade tensions between the world's largest economies. Click here to read full stories.

Aug 02 - Commodities may be first to show real impact of Trump-China trade war: Russell 

The Phoney War stage of U.S. President Donald Trump's trade dispute with China may be ending, with economic indicators and commodity flows and prices starting to show real world effects. The latest signal that China's economy may be feeling some pain associated with Trump's tariffs on about $34 billion in Chinese goods was the softening of the Purchasing Managers' Index (PMI) in July. Click here to read full stories.

Aug 02 - Gold demand in the first half was the lowest since 2009 - WGC 

Global demand for gold fell 6 percent in the first half of this year due mainly to a sharp decline in purchases by exchange traded funds (ETFs), the World Gold Council said in a report on Thursday. Total global demand for gold was 1,959.9 tonnes over January-June, down from 2,086.5 tonnes in the same period last year and the lowest first-half total since 2009, the industry-funded WGC said in its latest Gold Demand Trends report. Click here to read full stories.

Aug 02 - Chilean workers vote to strike at world's biggest copper mine  

Workers at BHP Billiton Ltd's Escondida mine in Chile, the world's biggest copper mine, have voted to reject a company wage offer and go on strike, according to a communique sent to Reuters on Thursday. A total of 2,330 members voted on strike action, with 1,955 supporting it and 370 accepting the company's final offer, with four blank votes and one spoiled ballot, according to the statement. Click here to read full stories.

Aug 02 - Activists renew call for structural change as Thyssenkrupp lowers guidance 

Activist investors Cevian and Elliott have renewed calls for structural changes at ThyssenKrupp after the German industrial conglomerate cut its earnings guidance late on Tuesday. The German maker of steel, elevators and car parts, is under interim leadership after a public feud with activist investors prompted the resignation of the chief executive officer and the non-executive chairman. Click here to read full stories.

Aug 02 - LME to trial electronic closing prices for nickel next year

The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead of open outcry. The exchange, the world's oldest and largest market for industrial metals, also said in a statement it would consult members and stakeholders about launching eight new cash -settled futures contracts from January 2019. Click here to read full stories.

Aug 02 - Barrick Gold makes China investor push as markets slump 

Barrick Gold Corp will make a bigger push to attract institutional investors in China under a new deeper-ties pact with Shandong Gold aimed at bolstering its shareholder base, executives told Reuters. Bruised by a strong U.S. dollar, the price of gold is nearing a one-year low, with speculators holding record short positions. Click here to read full stories.

Aug 02 - India gold demand to revive in H2 as govt supports farmers - WGC 

Indian gold demand is set to improve in the second half of 2018, after falling 6 percent in the first half, as government steps to boost farmers' incomes are expected to lift rural buying power, the World Gold Council (WGC) said on Thursday. Higher demand from the world's second-biggest gold consumer could support global prices that are trading near their lowest in a year, although a rise in imports of the precious metal would widen India's trade deficit. Click here to read full stories.

Aug 02 - Kaz Minerals expands into Russia with $900 mln copper deal 

Kaz Minerals, a low-cost copper producer until now focused on Kazakhstan, said it has agreed to buy the Baimskaya copper project in the Chukotka region of Russia for $900 million in cash and shares. The deal is comprised of an initial $675 million and a deferred payment of $225 million. Kaz Minerals Chairman Oleg Novachuk said the acquisition of Baimskaya marked "the next stage of the transformation of Kaz". Click here to read full stories.

Aug 02 - Gold miner Centamin's quarterly core earnings, revenue drop 

Centamin Plc's quarterly core earnings and revenue dropped as production fell and costs increased, the Egypt-focused gold miner said on Thursday. The miner reiterated its annual production target in the range of 505,000 ounces to 515,000 ounces first forecast in May, as lower grade ore at its Sukari mine in Egypt led to a cut in production guidance and higher cost estimate. Click here to read full stories.

Aug 02 - Philippines says 23 of 27 mines pass review, but four may close 

The Philippines confirmed on Thursday that 23 of 27 mines reviewed for compliance with state regulations will continue to operate, while the remaining four in the world's No. 2 nickel supplier that failed the audit could face closure. The government review panel issued its final report after studying mines that were ordered closed or suspended last year by former minister Regina Lopez, a staunch environmentalist, in a move that upset the industry and led to her replacement. Click here to read full stories.

Aug 02 - South African platinum miner Implats says to slash 13,000 jobs 

South African platinum miner Impala Platinum will cut 13,000 jobs over the next two years, it said on Thursday, as the local platinum industry grapples with rising costs and weak prices for the precious metal. "This strategic orientation has been informed by a significant decline in the US$ platinum price and sustained high mining cost inflation," the company said in a statement. Click here to read full stories.

Aug 02 - Randgold Resources' Mali mine granted four-year, 50 pct tax concession 

Mali's government has granted Randgold Resources a 50 percent corporate tax reduction for the next four years at its Gounkoto mine, the Africa-focused gold miner said on Wednesday. The tax concession is to support the development of a "super pit" which will be one of the largest opencast gold mines in Africa, the company said in a statement. Click here to read full stories.

Aug 02 - Italy's Ilva steelworks to run out of cash in Sept -commissioners 

Italian steelmaker Ilva, which is in state-supervised special administration, has enough money in its coffers to keep going until next month, its commissioners told parliament on Wednesday. Steel giant ArcelorMittal agreed last year to buy Ilva, Europe's largest steelworks, and had been due to take it over on July 1, but the transfer was delayed and the newly installed government has called on the firm to improve its takeover offer. Click here to read full stories.

Aug 01 - Trump to propose 25-pct tariff on $200 bln of Chinese imports - source 

The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, in a bid to pressure Beijing into making trade concessions, a source familiar with the plan said on Tuesday. President Donald Trump's administration said on July 10 it would seek to impose the 10-percent tariffs on thousands of Chinese imports. Click here to read full stories.

Aug 01 - Battery chemical surplus sparks plunge in cobalt price 

A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months. The electric-vehicle revolution is expected to boost demand and prices for cobalt, which stabilises and extends the life of lithium-ion rechargeable batteries. However, such a shift is unlikely to happen until the next decade, when production and sales of electric cars are seen ramping up significantly. Click here to read full stories.

Aug 01 - Rio Tinto says H1 profit rises 12 pct, tops up share buyback by $1 bln 

Global miner Rio Tinto said on Wednesday its first-half profit rose 12 percent, just below expectations, but raised its interim dividend and earmarked an additional $1 billion to buy back London-listed shares. Underlying earnings for the six months to June 30 grew to $4.42 billion as higher iron ore output overcame lower prices. That was below forecasts of $4.53 billion, according to estimates in an independent survey of 15 analysts, but above $3.94 billion in the same period a year ago. Click here to read full stories.

Aug 01 - Escondida copper mine union says partial vote count shows support for strike 

The union at BHP Billiton Ltd's Escondida mine in Chile, the world's largest copper mine, said on Tuesday that an early, partial vote count on a final contract offer from the Anglo-Australian miner suggests its members will reject the offer and approve a strike. The union said in a statement that 2,046 of 2,459 union members had already voted in several Chilean cities. Click here to read full stories.

Aug 01 - Rio Tinto sees FY coking coal output at 4 mln T, thermal coal2.5 mln T 

Global miner Rio Tinto RIO.L, RIO.AX said on Wednesday it expects to produce 4 million tonnes of coking coal and 2.5 million tonnes of thermal coal this fiscal year, reflecting the sale of its remaining coal assets in Queensland. Completed deals include the sale of its interests in the Hail Creek coal mine and Valeria coal development projects to Glencore GLEN.L, and interest in the Kestrel coal mine to a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk ADRO.JK earlier this year. Click here to read full stories.

Aug 01 - ArcelorMittal upbeat about H2 after strong quarter 

ArcelorMittal, the world's largest producer of steel, reported on Wednesday better-than-expected core profit for the second quarter and said it believed market conditions would remain favourable for the remainder of 2018. The company's second-quarter core profit surged 45 percent to $3.073 billion from $2.112 billion a year ago. The core profit came in well above the $2.892 billion expected in a Reuters survey of nine analysts. Click here to read full stories.

Aug 01 - A turbulent year for alumina market could get still worse: Andy Home 

Alumina is having a turbulent year. The intermediate product sitting between bauxite and refined metal on the aluminium production chain doesn't normally grab the headlines. Click here to read full stories.

Aug 01 - Russia's Rusal shares drop 6.8 pct on Hong Kong exchange  

Shares in United Company Rusal, the world's second biggest aluminium producer, fell 6.8 percent on the Hong Kong exchange, in response to continued uncertainty over the company's future following the introduction of U.S. sanctions. "There's big volatility there," said Kirill Chuyko, analyst at BCS Investment Bank. Click here to read full stories.

Aug 01 - Thyssenkrupp investor Elliott says divisions should have more say

Activist investor Elliott wants Thyssenkrupp to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following a leadership crisis at the German engineering group. Interim executives are taking the helm at Thyssen after CEO Heinrich Hiesinger and Chairman Ulrich Lehner resigned in July. Both had been at odds with investors demanding an overhaul of the industrial conglomerate. Click here to read full stories.

Aug 01 - Sherritt sees soft cobalt prices as temporary trend 

Sherritt International Corp said on Tuesday that recent weakness in the price of cobalt, a key material in rechargeable batteries, is expected to be temporary as demand continues to grow from the electric vehicle market. Toronto-based Sherritt said prices softened in the second quarter on growing market sentiment that price gains had outpaced an increase in demand. Consumers then began delaying purchases, waiting for prices to bottom, the miner said. Click here to read full stories.

Aug 01 - Workers at Chile's Caserones copper mine vote to strike - union 

The main union at Chile's Caserones mine has rejected operator Lumina Copper's final contract offer and workers have approved strike action, the union's president said on Tuesday. The strike was scheduled to begin on August 7 after a compulsory mediation period. Lumina is controlled by a partnership of JX Holding and Mitsui Mining and produces just over two per cent of Chile's total annual copper output. Click here to read full stories.

Aug 01 - Russian steelmaker NLMK reports Q2 earnings at decade high 

NLMK on Tuesday reported its highest second-quarter core earnings in a decade as Russia's largest steelmaker benefited from an improved product mix and efficiency gains. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 52 percent year-on-year to $915 million, beating the $906 million expected by analysts in a Reuters poll. Click here to read full stories.

Aug 01 - India seeks Japanese, Korean investment in high-grade auto steel - official 

India has requested Japanese and South Korean steel makers to step up their investments by building new plants in the south Asian country to produce high-grade automotive steel, a senior civil servant told Reuters. India mainly imports the high-tensile steel from Japan and South Korea. However, demand for the auto-grade metal is rising in India as companies such as Hyundai Motor Co ramp up their production to make the country a manufacturing and export hub for small cars. Click here to read full stories.

Aug 01 - Russia's Nornickel says Q2 nickel output flat y/y 

Russia's Norilsk Nickel (Nornickel) said on Tuesday its consolidated nickel production was at 49,460 tonnes in the second quarter of 2018, broadly flat year-on-year. Nornickel, one of the world's largest nickel and palladium producers, also said its palladium production totalled 813,000 troy ounces, up 4 percent year-on-year. Platinum output rose 3.7 percent to 197,000 troy ounces, the company said. Click here to read full stories.