Base & Precious Metals News

Jun 18 - China's threat to U.S. crude, coal, LNG exports is a tactical masterstroke: Russell

China's threat to impose tariffs on U.S. crude oil, liquefied natural gas (LNG) and coal is possibly the only sign of clear thinking in the increasingly muddled escalating trade dispute with the administration of President Donald Trump. The tariffs on energy imports were mooted by the Chinese on June 15 as part of their response to the U.S. announcement of tariffs on $50 billion worth of imports.  Click here to read full stories.

Jun 18 - Australia's Port Kembla reopens after cargo ship blaze

A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours. The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a mineral used in steelmaking which was destined for BlueScope Steel Ltd's nearby blast furnace. No injuries were reported. Click here to read full stories. 

Jun 18 - Minor leak observed at Vedanta's south Indian copper smelter - official

A minor leak has been detected in the sulphuric acid storage plant in Vedanta's south Indian copper smelter, a government official said on Sunday, about a month after the state ordered its shutdown after protests in which 13 people died. Police opened fire on May 22 on a crowd of protesters calling for the shutdown on the grounds of pollution. The Tamil Nadu state government then ordered a permanent shutdown. Click here to read full stories.

Jun 18 - Tokyo Steel to hold product prices steady in July for 5th month

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it would hold product prices steady in July to ensure earlier hikes were absorbed by the market. That will mark the fifth straight month that the company has kept prices unchanged.  Click here to read full stories.

Jun 18 - Speculators raise net long positions in COMEX gold, silver - CFTC 

Hedge funds and money managers raised their net long positions in COMEX gold and silver contracts in the week to June 12, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also raised a net long position in copper futures and options, according to the data. Click here to read full stories.

Jun 18 - Australia's Atlas Iron gets $290 mln bid from Hancock Prospecting unit

Atlas Iron Ltd said on Monday it received a A$389.7 million ($290.0 million) offer from a unit of Australian billionaire Gina Rinehart's Hancock Prospecting, potentially setting off a three-way struggle for the iron ore miner. Redstone Corporation, the Hancock unit, offered A$0.042 per share of Atlas, representing a premium of about 17 percent to the miner's Friday close. Click here to read full stories.

Jun 18 - Chile antitrust regulator to probe Tianqi purchase of SQM stake

Chile's antitrust regulator FNE said on Friday it would open an investigation into the effects on the market of Chinese miner Tianqi Lithium Corp's purchase last month of a 24 percent stake in SQM, one of the world's top lithium producers. The FNE's decision comes three months after Chile´s government under former President Michelle Bachelet requested regulators investigate a potential fusion between the two lithium miners, alleging it would distort the global market for the key ingredient in the batteries that power electric vehicles. Click here to read full stories.

Jun 18 - Protesters lift blockade at Goldcorp's Peñasquito mine in Mexico

Truck drivers that had been blocking access for two weeks to a Mexican mine operated by Canadian miner Goldcorp lifted their blockade and will negotiate their demands with the firm, protesters and company representatives said on Friday. Work at the company's Peñasquito mine, which is one of the top gold producers in Mexico, was not affected by the protests, said Michael Harvey, Goldcorp's director of corporate affairs in Mexico. Click here to read full stories.

Jun 15 - EU nations back retaliating against U.S. steel tariffs

European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products after Washington hit EU steel and aluminium with tariffs at the start of June, EU sources said. The measures still need to be adopted by the European Commission, whose next scheduled meeting is June 20. They should be in place by late June or early July. Click here to read full stories.

Jun 15 - After cobalt-free pledge, Panasonic to triple consumption for auto batteries - sources

Panasonic Corp expects to more than triple its cobalt consumption in five years' time, industry sources said, even as the company aims to develop cobalt-free automotive batteries in the near future. Panasonic is the exclusive battery cell supplier for all new Tesla vehicles, including the mass-market Model 3 electric car. Click here to read full stories.

Jun 15 - BHP approves $2.9 billion spend on iron ore project

BHP on Thursday approved $2.9 billion in spending to build a new iron ore mine in Australia, the top global miner's biggest investment commitment in seven years. The South Flank mine in the state of Western Australia is due to produce its first ore in 2021, replacing the 80 million tonnes-per-year Yandi mine. Click here to read full stories.

Jun 15 - Vedanta mulls options for Indian iron ore workers after shutdown - sources

Vedanta Resources is considering options including lay-offs for some of the 2,000 employees of its iron ore business in southwest India that was shut down by a court, two sources said, as it struggles with a series of setbacks in the country. The Supreme Court in February cancelled all iron ore extraction permits in the southwestern state of Goa and ordered mining to cease from March 16 on environmental and other concerns. Click here to read full stories.

Jun 15 - Glencore says settled Congo mining dispute

Miner and commodities trader Glencore has settled its Congo mining dispute with two companies associated with Israeli billionaire Dan Gertler by agreeing to pay royalties in a currency other than U.S. dollars, Glencore said on Friday. U.S. sanctions on Gertler, Glencore's former Israeli partner in copper and cobalt operations in the Democratic Republic of Congo, had triggered litigation and a legal tangle that investors worried might impact supplies of cobalt from the world's biggest producer of the metal. Click here to read full stories.

Jun 15 - Thyssenkrupp labour leaders see progress in Tata Steel JV talks

Labour representatives of Thyssenkrupp moved closer to an agreement with management over a planned European steel joint venture with Tata Steel, a member of the group's supervisory board said on Thursday. "We have made progress in talks with management over the steel joint venture with Tata," Markus Grolms, Thyssenkrupp's supervisory board vice chairman and trade union secretary at the IG Metall union, told Reuters. Click here to read full stories.

Jun 15 - Congo miner Gecamines plans to renegotiate with foreign partners

Democratic Republic of Congo state miner Gecamines has called on its foreign partners to renegotiate the terms of joint ventures it considers to be unfair, its chairman said on Thursday. Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms. Click here to read full stories.

Jun 14 - "Avatar" tribe poses second challenge to Vedanta after deadly India protests

After an Indian state shut a copper smelter run by Vedanta Resources following deadly protests, the company faces another challenge 1,000 miles away, where axe-toting tribesmen and environmentalists have joined forces to demand the closure of an alumina refinery. An alliance of activists and local people have for years blocked London-listed Vedanta's plans to mine bauxite in the green, jungle-clad Niyamgiri hills of eastern Odisha state, which the tribespeople consider sacred. Click here to read full stories.

Jun 13 - China wants more high-grade iron ore? Not according to the import data: Russell 

There may be a slight problem with the prevailing theme for the iron ore market this year, namely that China is increasingly interested in using higher-grade ore as part of efforts to boost output and lower per unit pollution. While Chinese steel mills may well be seeking to boost the use of high-grade iron ore fines and pellets, this isn't exactly showing up in the import numbers. Click here to read full stories.

Jun 13 - U.S. electric car sector, wary of China, seeks more domestic lithium

Miners are pushing to sharply boost lithium output in the United States, as automakers in the world's third biggest electric vehicle market are eager to cut their dependence on China for the critical battery ingredient and find more local sources. In North Carolina, Nevada and half a dozen other states, miners are working to revive the U.S. lithium industry, once the world's largest until it fell off in the 1990s. Click here to read full stories.

Jun 13 - Hidden aluminium stocks to be lured out by premiums, charges

High U.S. aluminium premiums and weaker returns from storage financing deals are likely to lure more metal onto the market from hidden inventories. The bulk of more than 10 million tonnes of global stocks of the metal, mainly used for transport and construction, are outside warehouses certified by exchanges, analysts estimate. Click here to read full stories.

Jun 13 - Glencore unit Katanga settles DRC Congo dispute, shares surge

Democratic Republic of Congo state miner Gécamines will drop legal proceedings to dissolve a copper and cobalt joint venture with a subsidiary of Glencore Plc after reaching a settlement with its partner that includes Gécamines getting a $150 million payment. Glencore unit Katanga Mining Ltd  said on Tuesday it had agreed a recapitalization plan for 75-percent-owned Kamoto Copper Co with Gécamines, its joint venture partner, involving converting $5.6 billion of Kamoto's debt to equity to fix a capital shortfall. Click here to read full stories.

Jun 13 - Brazil overhauls decades-old mining law to lure investment

Brazil's President Michel Temer issued two decrees on Tuesday overhauling 50-year-old mining laws in attempt to draw investment to the sector and implementing rules on the collection of higher mining royalties. The changes to the 1967 mining code include measures to allow for mining titles to be used as guarantees for financing, aimed at stimulating investment in sector and to allow miners to continue exploring for minerals while production license applications are pending, the Mines and Energy Ministry said. Click here to read full stories.

Jun 13 - Colombia vote worries oil, mining investors

Investors in Colombia's oil and mining sectors have much at stake in Sunday's presidential race with the frontrunner pledging business-friendly measures to revive production while his leftist rival wants to end reliance on petroleum and coal, the country's top exports. Leftist candidate Gustavo Petro, a former member of the M-19 guerilla group, has promised to overhaul state-run oil firm Ecopetrol SA, the South American nation's biggest company, to refocus it on renewable energy. Click here to read full stories.

Jun 13 - Southern Copper sees Michiquillay mine in Peru starting operations in 2022

Southern Copper Corp said on Tuesday that it plans to start building its proposed $2.5 billion copper mine Michiquillay in Peru next year and will likely start operations in 2022 - three years earlier than previously forecast. Southern's chief executive, Oscar Gonzalez, added that the company will need to reach detailed agreements with residents near the deposit in the northern Andean region of Cajamarca before construction can begin. Click here to read full stories.

Jun 12 - BHP, union at Chile's Spence copper mine reach labor agreement

Unionized workers at BHP's Spence copper mine in northern Chile agreed on Monday to a new collective labor contract, the company and the union said. The deal comes as the Anglo-Australian miner begins talks with the nearly 2,500-member union at its Escondida copper mine in northern Chile, the world's largest, little more than a year after a historic strike shut the mine for 44 days, depriving BHP of $1 billion in production. Click here to read full stories

Jun 12 - Copper is a star performer among China's commodity imports: Russell 

One of the standout features of China's commodity imports this year has been the surge in copper, which has taken place without a seemingly strong market narrative as justification. Imports of unwrought copper climbed to 475,000 tonnes in May, according to customs data released on June 8, up 22 percent from the same month last year and the highest in 17 months. Click here to read full stories

Jun 12 - Goldcorp says protest could halt production at Mexico gold mine

Canada's Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico's biggest gold producers, could force the company to halt output. The mine, in northern Zacatecas state, produced 476,000 ounces of gold last year, comprising 18 percent of Goldcorp's total production and generating more than 33 percent of its revenue. Click here to read full stories

Jun 12 - Vale in deal with two Canadian companies to sell cobalt

Brazil's Vale on Monday unveiled a $690 million financing to expand a Canadian nickel mine, agreeing to sell unmined cobalt from Voisey's Bay as a booming electric vehicle market propels demand for the critical battery ingredient. Vale said it would sell cobalt mined after 2021 as a by-product from the mine in Canada's northern Labrador region to Wheaton Precious Metals Corp and Cobalt 27 Capital Corp in a so-called stream financing deal. Click here to read full stories

Jun 12 - Angola's top diamond mine says underpricing has cost it almost $500 mln

Angola's Catoca, the world's fifth largest diamond mine, estimates it lost $464 million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented during a private meeting in March between the diamond industry and the minister for natural resources and oil, Diamantino Azevedo. Click here to read full stories

Jun 12 - Quebec offers C$100 mln in loans, guarantees to firms hit by U.S. metals tariffs

The Canadian province of Quebec will offer C$100 million ($77.1 million) in loans and guarantees on loans to steel and aluminum companies hit by recent U.S. tariffs, the province's economy minister said on Monday. Companies that transform the metals will benefit from the program after the United States recently slapped a 25 percent tariff on steel and a 10 percent tariff on aluminum imports. Click here to read full stories

Jun 12 - Vedanta to double output at Zambia's Konkola Copper Mines - regional CEO

Vedanta Resources plans to double finished copper production at Zambia's Konkola Copper Mines (KCM) to 200,000 tonnes this year, the CEO of its Zambian unit said on Monday. KCM has ploughed roughly $5 billion into the southern African country's copper mines since 2004, including a $1 billion investment package announced last year to revamp and upgrade some mines. Click here to read full stories

Jun 12 - Tata Steel Europe workers question rationale of Thyssenkrupp tie-up

Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form. The remarks deal a fresh blow to Thyssenkrupp boss Heinrich Hiesinger, at the helm of the German steel-to-submarine group for more than seven years, whose plan to sharpen the company's focus on technology largely depends on the steel transaction. Click here to read full stories

Jun 12 - Rioters ransack Malian govt buildings after dispute with Randgold mines

Rioters in southern Mali ransacked local government buildings on Monday following a dispute between workers and management at Randgold's  Loulo and Gounkoto gold mines, the government said. The rioters attacked the local prefect's office and house and also burned biometric voter identification cards that were to be used in next month's presidential election, according to a statement by the ministry of territorial administration. Click here to read full stories

Jun 12 - China's Tsingshan mulls $1 billion steel plant in Zimbabwe

China's unlisted Tsingshan Holding Group on Monday signed a $1 billion outline agreement with Zimbabwe to build a steelmaking plant there after completing a feasibility study. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to revive an economy that suffered in the later years of Robert Mugabe's rule. Click here to read full stories

Jun 11 - Merkel: EU will act against U.S. tariffs on steel, aluminium

Europe will implement counter-measures against U.S. tariffs on steel and aluminium just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret about President Donald Trump's abrupt decision to withdraw support for a G7 communique. Trump's announcement on Twitter, after leaving the Group of Seven summit in Canada early, that he was backing out of the joint communique torpedoed what appeared to be a fragile consensus on a trade dispute between Washington and its top allies. Click here to read full stories.

Jun 11 - Police arresting Indian smelter protesters based on evidence - state minister

Indian police are only arresting people involved in protests against a copper smelter owned by Vedanta Resources where there is videographed evidence of them indulging in "anti-social" activities, a senior state minister told Reuters. More than 100 people have been arrested, some in early morning and late night raids, since police opened fire on a crowd of protesters in southern India, killing 13, and some residents have complained they are being unfairly targeted. Click here to read full stories.

Jun 11 - Rusal faces more turmoil if U.S. sanctions not lifted by late August - sources

Rusal's exports and finances will take another hit if Russian tycoon Oleg Deripaska is unable to persuade Washington to lift sanctions on the aluminium producer by late August, three industry sources said. The U.S. Treasury Department put Deripaska and Rusal, which he controls, on a sanctions blacklist in April, a move that froze the bulk of the company's exports, paralysed its supply chain and scared off many customers. Click here to read full stories.

Jun 11 - The battle for control of the lithium mother-lode: Andy Home 

What's happened to lithium? What was last year's "next big thing" has been pushed out of the investor limelight by cobalt, another key metallic input to the electric vehicle (EV) revolution and one with an even more troubled supply profile. Lithium prices have also been taking a breather after their meteoric rise over the 2015-2017 period. Click here to read full stories.

Jun 11 - Speculators trim net long position in COMEX gold - CFTC

Hedge funds and money managers cut their net long position in COMEX gold contracts in the week to June 5, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also raised net long positions in silver and copper futures and options, the data showed. Speculators cut their net long position in Comex gold by 3,169 contracts to 58,066 contracts, the data showed. Click here to read full stories.

Jun 11 - Escondida union in Chile optimistic will reach deal with BHP

The union at BHP's Escondida copper mine in Chile said on Friday that it saw a "favorable scenario" for reaching a deal on a new labor contract with the company, citing higher copper prices. In a letter to its members published on its website, the union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3pm local time (1900 GMT) on Monday. Click here to read full stories.

Jun 11 - Palladium watchers see substitution risk as visible stocks dwindle

Palladium, widely used in catalytic converters in cars, looks buoyant as visible stockpiles slide to eight-year lows, but it may become a victim of its own success if concerns over availability hasten a drive among carmakers towards substitutes. Industry data shows the palladium market has been in deficit for the last six years, with the shortfall seen topping 1 million ounces this year. Click here to read full stories.

Jun 11 - Congo mining code regulations signed into law - aides

Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that have been threatening legal action. Prime Minister Bruno Tshibala signed the regulations into law overnight, his adviser Patrick Mutombo Buzangu told Reuters by telephone, but gave no further details. Click here to read full stories.

Jun 11 - Glencore faces additional legal challenge over Congo mine

A Congolese-American businessman is seeking more than $1 billion in a Congo court from two Glencore executives and their ex-partner in a copper and cobalt mine, saying they defrauded him when he relinquished his shares, a court document showed. In a statement on Friday, Glencore denied Charles Brown's allegations, made in a summons in March, against Glencore CEO Ivan Glasenberg and senior executive Aristotelis Mistakidis. Click here to read full stories.

Jun 08 - China's iron ore imports jump in May, as steel margins rise 

China's iron ore imports rebounded in May after a dip the previous month, as steel mills ramp up output to cash in on strong margins despite environmental curbs across the country. Shipments of the steelmaking raw material in May rose 13.5 percent from April to 94.14 million tonnes, data from the General Customs of Administration showed on Friday. That compares to 91.52 million tonnes in the same period last year. Click here to read full stories.

Jun 08 - China May aluminium, steel exports rise despite rumbling trade row 

China's aluminium exports rose to their highest in almost 3-1/2 years in May, as a favourable price arbitrage saw more shipments overseas despite U.S. tariffs, while steel exports were the most since July 2017, helped by a recovery in global demand. China is the world's biggest producer of steel and aluminium, which have both been subject to 25 percent and 10 percent import tariffs, respectively, in the United States, the world's largest economy, since March 23.  Click here to read full stories.

Jun 08 - Surge in 2018 EU steel imports directly linked to Trump tariffs - Eurofer 

An 8 percent surge in European steel imports this year is a direct result of Washington's import tariffs on the metal, which have caused trade flows to be deflected to Europe's shores, European steel industry association Eurofer said on Thursday. The association called on the European Union to impose safeguards - in the form of both tariffs and quotas - on EU steel imports to prevent a worsening steel import surge that will further harm the sector. Click here to read full stories.

Jun 08 - China copper imports rise in May to highest since Dec 2016 

China's copper imports rose to their highest in 17 months in May as the country's crackdown on scrap leaves it buying more of the metal in other forms. China, the world's biggest copper consumer, imported 475,000 tonnes of unwrought copper and copper products last month, according to customs data released on Friday. Click here to read full stories.

Jun 08 - Australia's Mineral Resources okays Atlas talks with other potential buyers 

Australia's Atlas Iron Ltd on Friday said Mineral Resources Ltd, which is trying to take over the iron ore producer, would allow Atlas to hold talks with other potential buyers. Atlas said Australian mining infrastructure group Mineral Resources had consented to waive certain clauses in a so-called scheme of arrangement for the potential takeover until June 22, allowing it to explore discussions with other parties. Click here to read full stories.

Jun 08 - Silver poised to rally from industrial, safe-haven demand 

Spot silver prices are poised to reach $20 per ounce by the end of the year, boosted by global growth, increased industrial demand and safe haven bids amid geopolitical worries, analysts said on Thursday. Silver has traded between $16 and $18 per ounce in 2018, following gold. Click here to read full stories.

Jun 08 - Chile copper output up 6.4 percent in April - Cochilco 

Chile's copper production in April jumped 6.4 percent from the same month a year earlier, Chilean copper commission Cochilco said on Thursday, boosted by increased output at large, privately-held mines in the world's top copper producer. Chile produced 446,900 tonnes of copper in April, Cochilco said, while country-wide production between January and April reached 1.864 million tonnes, an increase of 15.6 percent over the same period in 2017. Click here to read full stories.

Jun 08 - Cupric Canyon to start construction of Botswana copper mine in October 

Private equity firm Cupric Canyon will begin construction of its Khoemacau copper project in Botswana in October, with first sales of the metal expected in 2021, a company executive said on Thursday. Sparsely-populated Botswana is the world's top diamond producer by value, but the government of the southern African country is trying to diversify the economy to reduce its dependence on the gemstone. Click here to read full stories.

Jun 08 - Sibanye CEO says seismic events a fact of life for South Africa mines

Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine's owner Sibanye-Stillwater said on Thursday. Precious metals producer Sibanye has been the object of strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners. Another miner was killed there last week. Click here to read full stories.

Jun 08 - Rio Tinto inks exploration agreement with China's Minmetals 

Global miner Rio Tinto inked a joint venture agreement with China Minmetals Corp on Thursday, as the companies look to explore mineral deposits in China. The 50-50 joint venture with state-owned Minmetals follows a technical agreement signed in November when both parties committed to a collaborative partnership in mineral exploration. Click here to read full stories.

Jun 08 - Botswana Diamonds to buy BCL's stake in exploration project 

Botswana Diamonds (BoD) wants to buy liquidated BCL Mine's shares in a diamonds exploration joint venture project, its managing director said on Thursday. BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount. Click here to read full stories.

Jun 07 - Scotiabank to scrap half its metals business - sources 

Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said. Mocatta is the largest financier of the global precious metals supply chain, accounting for some 15-20 percent of lending to clients ranging from refiners and jewellers to carmakers and petrochemicals producers, industry sources say. Click here to read full stories.

Jun 07 - LME says plans to launch about 15 new contracts in January 2019

The London Metal Exchange (LME) plans to launch around 15 new contracts next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday. "We will put in place the technical capabilities by November and then we'll launch them in January," Robin Martin, head of market development, told Reuters on the sidelines of the International Derivatives Expo. Click here to read full stories.

Jun 07 - Tesla leads electric vehicle race to cut cobalt dependency: Andy Home 

If Elon Musk had his way, there would be no cobalt in any of the batteries powering the next generation of Tesla. At the very least, "we think we can get the cobalt to almost nothing", he told analysts on the company's first quarter results call. Click here to read full stories.

Jun 07 - SQM pick of ex-Chairman Ponce as adviser 'imprudent' - Chile finance minister 

Chile's finance minister on Wednesday described as "imprudent" the appointment by lithium miner SQM of its former Chairman Julio Ponce as a strategic adviser, in light of an agreement with the state that he distance himself from the firm. SQM, the world's biggest exporter of lithium carbonate, confirmed on Tuesday that it had retained Ponce's services, along with those of his brother Eugenio. Click here to read full stories.

Jun 07 - Oz Minerals sees Brazil copper miner bid closing next week 

Australian mid-tier copper miner Oz Minerals Ltd is confident its A$444 million ($340.02 million) cash-and-share bid for Brazilian explorer Avanco Resources Ltd will pass when the offer closes next week, the miner's chief executive said on Thursday. The cash-and-scrip offer, which was extended in late May, is expected to close on June 14. Avanco's shareholders include global miner trader Glencore. Click here to read full stories.

Jun 07 - Australia's Fortescue Metals takes stake in Atlas Iron, may not support buyout 

Australia's Fortescue Metals Group said on Thursday it has built up a 19.9 percent interest in small iron ore miner Atlas Iron Ltd, giving it a large enough stake to block a takeover of Atlas by Mineral Resources Ltd. Fortescue, the world's No. 4 iron ore miner, said it would not support the A$280 million ($214 million) takeover of Atlas announced in April on the current deal terms, but said it reserved the right to do so. Click here to read full stories.

Jun 07 - Brazil presidential decree next week to overhaul mining rules - sources 

Brazil's President Michel Temer plans to issue a decree next week to overhaul the rules for mining permits, bypassing Congress after it failed to approve similar changes last year, two people with direct knowledge of the matter told Reuters. The sources, who asked not to be named because the decree had not been made public, said it aims to cut red tape and attract international investment to the mining sector, where permits to open new mines can sometimes take a decade or more to obtain. Click here to read full stories.

Jun 07 - Two mine workers found dead after accident in northern Mexico 

Rescuers found the bodies of two workers at a gold and silver mine in northern Mexico after a dam filled with liquid waste collapsed and swept away workers and machinery, authorities said on Wednesday. Authorities said earlier seven workers were missing after the accident on Monday in the La Cieneguita mine operated by Minera Rio Tinto and Pan American Goldfields. Click here to read full stories.

Jun 07 - Key shareholder urges Canadian miner Nevsun to engage with suitors 

Nevsun Resources, a Canadian miner which has been approached regarding a takeover, should enter "good-faith negotiations with any suitor," Adrian Day Asset Management, one of Nevsun's top 10 shareholders, said in an open letter to the company's board on Wednesday. "We would urge the company to use all efforts to maximize value for shareholders... even if it does mean breaking up the company," the asset management firm's chairman Adrian Day said in the letter seen by Reuters.

Jun 06 - Out of Asia: China steel exporters chase new buyers in Africa, S.America 

Chinese steelmakers are seeking new export destinations in Africa and South America as shipments to their biggest overseas buyers in Southeast Asia fall by double digits, with new U.S. trade actions threatening to kill off some markets entirely. China, the world's largest maker, consumer and exporter of steel, is finding it has fewer export options. Washington last week imposed hefty tariffs on major steel exporters to the United States - Canada, Mexico and the European Union - prompting retaliatory measures. Click here to read full stories.

Jun 06 - Aiming at Trump strongholds, Mexico hits back with trade tariffs 

Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico's response further raises trade tensions between the two countries and adds a new complication to efforts to renegotiate the trillion-dollar North American Free Trade Agreement between Canada, the United States and Mexico. Click here to read full stories.

Jun 06 - China Hongqiao inks $4.7 bln financing deal with Industrial Bank 

China Hongqiao Group, the world's biggest aluminium producer, said it has signed a financing agreement with Industrial Bank Co Ltd worth 30 billion yuan ($4.7 billion) as it looks to upgrade its manufacturing facilities. Industrial Bank will provide Hongqiao and its affiliates with services including supply-chain financing, debt instruments, industrial funds and asset-backed securitisation to help it raise money, according to a statement on Hongqiao's official Wechat account late on Tuesday. Click here to read full stories.

Jun 06 - LME says looking at expanding eligibility for Rusal metal 

The London Metal Exchange (LME) is working to see if it can expand access to Rusal's aluminium, which is under suspension due to U.S. sanctions, but the exchange needs to be cautious, Chief Executive Matthew Chamberlain said on Tuesday. "We are working very closely with all the parties involved to see if we can expand that eligibility, but I think the market does agree that we should put caution first," Chamberlain told the International Derivatives Expo in London. Click here to read full stories.

Jun 06 - Chile's SQM hires ex-chairman Ponce as adviser, government says

Chilean lithium miner SQM has retained former chairman Julio Ponce as an adviser, according to Chilean state development agency Corfo, despite an agreement to distance himself from the firm to end a long-running royalties dispute. Ponce and his brother Eugenio, a former president of the world's biggest exporter of lithium carbonate, were employed as strategic advisers in a unanimous vote by the board and will have offices on the same floor as the firm's top management, local daily La Tercera reported. Click here to read full stories.

Jun 06 - Alliance Mineral Assets doubles its West Australian lithium reserves 

Alliance Minerals Assets Ltd, which began exporting lithium concentrate from the Bald Hill project in Western Australia in May, said on Wednesday it has doubled its estimate of lithium ore reserves. Singapore-listed Alliance began lithium and tantalum concentrate production in mid-March as part of a joint venture with Tawana Resources, which it bought out for A$215 million ($165.4 million) in April, in a deal that is expected to be completed by the fourth quarter. Click here to read full stories.

Jun 06 - China safety crews rescue 23 people trapped after blast at iron ore project 

Safety crews in China's Liaoning province rescued almost two dozen people who were trapped after a blast at an iron ore mining project, state media said on Wednesday, the latest deadly incident in one of the world's top mining nations. The explosion at the site, which is under construction, killed 11 people and injured nine on Tuesday morning, according to online reports by the People's Daily and CCTV. Click here to read full stories.

Jun 06 - Rwanda says mineral export earnings rose to $373 mln last year 

Earnings from Rwanda's mineral exports more than doubled to $373 million last year from the previous 12 months, supported by a rebound in global prices of commodities, a top official said. After meeting sector players in the capital Kigali on Tuesday, Francis Gatare, chief executive at Rwanda Mines, Petroleum and Gas Board (RMB), told journalists last year's earnings were "fantastic". Click here to read full stories.

Jun 06 - South Africa's Harmony Gold says to sell up to $99 mln of new shares 

South Africa's Harmony Gold said on Tuesday that it would sell new shares to raise up to 1.26 billion rand ($98.75 million) through an accelerated book-building. The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan raised for the acquisition of the Moab Khotsong mine. Click here to read full stories.

Jun 05 - Canada vows to protect metals sector but resists call for quick action 

Canada's government vowed on Monday to do all it could to protect its steel and aluminum sectors from U.S. tariffs but sidestepped an industry call to strike back quickly, saying it needed time to study the issue. President Donald Trump's administration last week imposed U.S. tariffs of 25 percent on steel and 10 percent on aluminum from Canada - the No. 1 steel exporter to the United States - as well as on Mexico and the European Union. Click here to read full stories.

Jun 05 - EU says first steel safeguard measures could come in July 

The European Union could impose preliminary measures to safeguard its steel and aluminium industries as early as July, although a full investigation will take nine months, EU Trade Commissioner Cecilia Malmstrom told Reuters on Monday. "We can take pre-measures in July already. This is what we are going to discuss. We want to see the preliminary outcomes of the investigation. It is possible," she said, adding that there was already anecdotal evidence of steel intended for the U.S. market being diverted to Europe by U.S. tariffs. Click here to read full stories.

Jun 05 - Shanghai lead hits 18-month high on Hebei inspections

Shanghai lead prices jumped nearly 4 percent on Tuesday to their highest in 18 months after the government in China's northern province of Hebei announced environmental inspections on the acid industry. The most-traded lead contract on the Shanghai Futures Exchange, for July delivery, was up 3.6 percent at 20,610 yuan ($3,215.39) a tonne by the mid-session interval after earlier climbing to 20,670 yuan, its highest since Nov. 29, 2016. Click here to read full stories.

Jun 05 - Kobe Steel HQ raided over data tampering - local media 

Kobe Steel Ltd's headquarters was raided on Tuesday by the Tokyo District Public Prosecutors Office and the Metropolitan Police Department in relation to its data tampering scandal, local media reported. Kobe Steel admitted in March its data fraud has been going on nearly five decades and also revealed new cases of cheating. Its CEO will step down to take responsibility for the scandal that came to light last year. Click here to read full stories.

Jun 05 - Directors at Russia’s En+ working with Rothschild to get firm off U.S. blacklist - source 

In a bid to free Rusal from U.S. sanctions, the independent directors of the company controlling Russia's biggest aluminium producer have hired Rothschild to advise on the sale of billionaire Oleg Deripaska's stake, a source said. Deripaska and the biggest firms in his empire, including Rusal and holding company En+, were included in April's U.S. Treasury Department sanctions blacklist. Click here to read full stories.

Jun 04 - Abandon ship: oil tanker scrappage to hit multi-year high as earnings sink

The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations. The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after rates for transporting oil plunged to multi-year lows in the wake of excess tanker supply and tepid demand as OPEC production cuts bite. Click here to read full stories.

Jun 04 - U.S. isolated at G7 meeting as tariffs prompt retaliation

The United States' closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and mounted challenges with the world's top trade body, fouling the mood at a G7 finance leaders meeting. U.S. Treasury Secretary Steven Mnuchin was the prime target of the criticism at the meeting of Group of Seven finance ministers and central bank governors in Canada, with the six other G7 member countries subject to the U.S. metals tariffs, which were imposed on national security grounds. Click here to read full stories.

Jun 04 - Where's the data? Angst for commods traders as China trade figures held in limbo

Commodities traders have been waiting more than a week for China to release overdue monthly import-export data, frustrating many market watchers and fuelling speculation about reasons for the delay. The prolonged wait for final April commodities trade statistics from the world's top buyer of oil, metals and grains comes as negotiators from Washington gather in Beijing for a round of talks aimed at avoiding an all-out trade war. Click here to read full stories.

Jun 04 - China's Chinalco starts $1.3 bln expansion of Peru copper mine

Aluminum Corp of China, known as Chinalco, at the weekend said it had started work on a $1.3 billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually, Chinalco Chairman Ge Honglin said at a groundbreaking ceremony in Peruvian capital Lima late last week, according to a company statement issued on Saturday. Click here to read full stories.

Jun 04 - Healthy fundamentals underpin strong lead prices

Soaring prices of lead look set to be sustained by robust demand, tight supply and lower inventories, even if a seasonal lull in demand and a reversal in recent speculative bets spark a short-term pullback. Benchmark lead prices on the London Metal Exchange (LME) at around $2,450 a tonne are near recent three-month highs, while those on the Shanghai Futures Exchange (ShFE) at around 20,000 yuan a tonne are near eight-month highs. Click here to read full stories.

Jun 04 - German antitrust inquiry into steel eyes fines - Spiegel

Germany's competition regulator is in talks with the steel industry over fines of up to a total of 500 million euros ($583 million) after an investigation into a suspected violation of antitrust laws, Spiegel magazine reported on Saturday. The competition regulator last year widened an inquiry, which already covered makers and sellers of stainless steel, car manufacturers and suppliers, with ArcelorMittals and Salzgitter confirming searches. Click here to read full stories.

Jun 04 - Paulson nears launch of investor alliance to shake up gold sector - sources

U.S. hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to people familiar with the situation. The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors, including Delbrook Capital, Livermore Partners and Tocqueville Asset Management, one of the people said. Click here to read full stories.

Jun 04 - Five dead in Indonesian illegal gold mine accident

Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said. The remains of the five miners, all of them residents of Bakan village, were retrieved at 7 p.m. on Sunday, it said. Click here to read full stories.

Jun 04 - BHP Escondida mine workers in Chile start new wage talks

The union of workers at BHP's Escondida copper mine in Chile said on Friday it had kicked off the latest round of labor negotiations with a contract proposal that includes a bonus of about $34,000 per worker at the world's largest copper mine. The closely-watched talks come little more than one year after failure to reach a labor deal at the mine led to a 44-day strike that jolted the global copper market. Click here to read full stories.

Jun 04 - U.S. aluminium tariffs; collateral damage and a missed target: Andy Home

So the trade wars begin. As of today the United States will impose tariffs on imports of steel and aluminium from Canada, Mexico and the European Union (EU). Canada and Mexico have already responded in kind. The EU won't be far behind.  Steel and aluminium are but pawns in a bigger trade game, the unique characteristics of each supply chain forgotten as the U.S. administration ratchets up the negotiating pressure on its NAFTA partners and adds autos to its list of grievances with the EU.  Click here to read full stories.

Jun 04 - China's COSCO to build $2 bln shipping port in Peru - ambassador

China's COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru's Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China's ambassador to Peru announced on Friday. The proposed port in Chancay, a town 58 km (36 miles) north of the Peruvian capital Lima, was last under the control of Peruvian miner Volcan.  Volcan said in its earnings statement last month that it was seeking a strategic partner on the Chancay project, and did not immediately respond to requests for comment on Friday. Click here to read full stories.

Jun 04 - Speculators raise net long position in COMEX gold -CFTC

Hedge funds and money managers raised their net long position in COMEX gold contracts in the week to May 29, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also switched to a net long position in silver futures and options, and cut a net long position in copper contracts, the data showed. Click here to read full stories.

Jun 01 - Metals merry-go-round: hiring picks up as prices recover 

Metals traders are moving jobs for the first time in years as a price recovery spills into the trading sector, and more hires are expected as brokers eye opportunities from China's mainland exchanges opening to investors abroad.The signs of an uptick follow a six-year industry shake-out as years of declining prices led to the exit of major traders such as Barclays and Deutsche Bank, while other operators scaled back trading desks as profits evaporated. Click here to read full stories.

Jun 01 - U.S. allies hit back at Washington's steel, aluminum tariffs 

Canada and Mexico retaliated against the U.S. decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war.The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential exemptions and suggested a hardening of the Trump administration's approach to trade negotiations. Click here to read full stories.

Jun 01 - Russia's Deripaska empire bets on mid-summer plan to escape U.S. sanctions 

The aluminium empire of Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, the chairman of its holding company told Reuters.The U.S. Treasury in April imposed sanctions against billionaire Deripaska and the eight companies in which he is a large shareholder, including the world's second largest aluminium producer Rusal, in response to what it called "malign activities" by Russia. Click here to read full stories.

Jun 01 - Codelco retains CEO Nelson Pizarro at helm of world's top copper producer 

Chile's Codelco, the world's top copper producer, said on Thursday its board of directors asked Chief Executive Nelson Pizarro to stay at the helm and move forward with an ambitious, 10-year overhaul of its sprawling but aging mines.The board made the decision to retain Pizarro in its first meeting since Chile's conservative president, Sebastian Pinera, appointed Juan Benavides, a businessman and former CEO of retailer Falabella, as Codelco's chair. Click here to read full stories.

Jun 01 - Ukrainian workers sweat over fate of Deripaska's alumina plant

Ukraine's decision to put sanctions on one of Russia's wealthiest tycoons worries Vira Dudnyk. A driver at an alumina plant in southern Ukraine, she fears a tug-of-war between Kiev and Moscow may leave her jobless and on the streets."We are afraid if the plant is closed, what are we left with, who will feed us? Will the president come and give us a job?" she said while leaving work to a waiting company bus. Click here to read full stories.

Jun 01 - China's Shandong Xinhai told to cut nickel pig iron output for summit -official 

Shandong Xinhai Technology Co, one of China's largest nickel pig iron producers, has been told to cut back output ahead of the Shanghai Cooperation Organisation (SCO) summit in nearby Qingdao, an official told Reuters on Friday.The company has received a notice from the local government in Shandong province telling it to reduce production, the official said, although he was unable to say by how much output would be cut or over what time frame. Click here to read full stories.

Jun 01 - Congo copper production in Q1 rises 8 pct; cobalt output up 34 pct 

Democratic Republic of Congo produced 296,717 tonnes of copper in the first quarter of 2018, up 8.2 percent over the same period last year, the central bank said in a report on Thursday. Cobalt production in the first quarter of 2018 rose 34.4 percent to 23,921 tonnes, the bank said. Click here to read full stories.

Jun 01 - Peru cenbank urges government to help revive mining projects

The manager of Peru's central bank urged the government of President Martin Vizcarra on Thursday to do more to revive mining projects that have been derailed by protests.Renzo Rossini, of the central bank, said three suspended mining projects - Southern Copper Corp's Tia Maria, Newmont Mining Corp's Conga and Zijin Mining Group's Rio Blanco - would have delivered $7 billion in investments and about $500 million in annual tax revenue had they been built. Click here to read full stories.

May 31 - U.S. to slap tariffs on steel, aluminum from EU on Thursday - sources

Washington will announce plans to slap tariffs on EU steel and aluminum imports as early as Thursday morning, sources said, while the U.S. commerce secretary said any escalation of their trade dispute would depend on the bloc's reaction. The two sources briefed on the matter said the decision would land before a Friday expiration deadline for exemptions to the planned tariffs. Click here to read full stories.

May 31 - Copper prices to rise for Indian manufacturers after Vedanta smelter closure

Indian electrical goods manufacturers will have to rely more on imported copper and are bracing for a rise in costs, after the government in the southern state of Tamil Nadu this week ordered the permanent closure of Vedanta's copper smelter there. Industry executives and analysts say this is likely to lead to an increase in prices of a wide range of products from power cables to electronic appliances, and televisions to auto parts, as manufacturers look to pass on the cost increases at a time when a weaker rupee and a surge in crude oil prices have put pressure on profit margins. Click here to read full stories.

May 31 - Will Shanghai squeeze revive lead's flagging fortunes? Andy Home

It looked as if that was it for the lead rally. After hitting a six-and-a-half year high of $2,685 per tonne on Feb. 2, the London Metal Exchange (LME) pricess beat a steady retreat all the way back to $2,241 in early May. Click here to read full stories.

May 31 - H&M Metal Warehousing agrees $100,000 settlement with London Metal Exchange-LME

Warehouse operator H&M Metal Warehousing has agreed to pay $100,000 to settle disciplinary proceedings with the London Metal Exchange relating to alleged breaches of its warehousing policy, the LME said in a statement on Wednesday. H&M has admitted no breaches of policy as part of the settlement, the statement said. Click here to read full stories.

May 31 - Canada's Bear Creek prepares IPO in Peru to finance silver mine

Canadian miner Bear Creek Mining Corp will likely make a public offering for its Peruvian unit on the bourse in Lima to help finance its $550 million Corani silver project, the company's chief financial officer said on Wednesday. Bear Creek would also consider selling a stake in the Corani project in southern Peru to help pay for the project, said Paul Tweddle. Click here to read full stories.

May 31 - Peru's Buenaventura seeks deal with Southern on copper project

Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2 billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday. "They were receptive ... but it's up to them to evaluate the preliminary proposal," Victor Gobitz said in an interview at the International Gold & Silver Symposium in Lima, Peru. Click here to read full stories.

May 31 - Ghana gold miners say welcome new government export tests

Gold mining giants in Ghana such as Newmont Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports, the main industry association said on Wednesday. The tests that come in addition to customs checks and internal company tests are part of an attempt by President Nana Akufo-Addo's government to tighten control of the sector and tax it appropriately. Click here to read full stories.

May 31 - Peru's Minsur lines up financing to start work on Mina Justa this year

Peruvian miner Minsur expects to secure $800 million to $900 million in financing from a group of banks in August that will put it on track to start building its $1.6 billion Mina Justa copper project toward the end of the year, the company said on Wednesday. The banks - from Germany, Canada, Australia and South Korea - will likely offer financing to be repaid in eight to nine years, Minsur President Juan Luis Kruger said in an interview at the International Gold & Silver Symposium in Peru. Click here to read full stories.

May 31 - Canadian Pacific reaches tentative agreement with striking workers

Canadian Pacific Railway Ltd said a strike by more than 3,000 workers over employment terms ended on Wednesday after the railroad operator reached tentative agreements with labor union Teamsters. About a quarter of Canadian Pacific workers staged a walk-out on Tuesday night, throwing industries dependent on its transportation into disarray. Click here to read full stories.

May 30 - No Warning: Witnesses describe how Indian police shot and killed smelter protesters

Police in the port city of Thoothukudi in southern India gave no warning last Tuesday before firing with live ammunition on protesters seeking the closure of a copper smelter owned by London-listed Vedanta Resources Plc, according to 16 witnesses interviewed by Reuters. The police also appear to have ignored Indian federal police rules on the use of force to quell protests by, in some cases, firing at the heads of protesters rather than their legs.  Click here to read full stories.

May 30 - Brazil truckers strike having limited impact on Vale operations - CEO

A strike by Brazilian truckers to protest a hike in diesel prices has had a limited impact on operations at Vale, the world's top iron ore producer, but could worsen if the strike continues, Chief Executive Fabio Schvartsman said on Tuesday. Speaking at an event in Sao Paulo, Schvartsman also said he saw a floor for international iron ore prices at around $60 per tonne and that the company would announce "organic growth" in the coming months. Click here to read full stories.

May 30 - Vedanta prepares legal challenge to India copper plant closure after fatal protest - sources

Vedanta Resources is working on a legal challenge to an Indian state's closure of one of its copper smelters, but it will not proceed until tensions over the deaths of 13 people during protests last week have eased, two sources told Reuters. The southern state of Tamil Nadu ordered the permanent closure of the smelter on Monday after police fired on protesters demanding its closure on environmental grounds. Click here to read full stories.

May 30 - Aluminium producers seek up to 24 pct higher Q3 premiums from Japan buyers - sources

Two global aluminium producers have offered Japanese buyers a premium of $159-160 per tonne for primary metal shipments for the July-September quarter, up 23-24 percent from the current quarter, four sources directly involved in pricing talks said. Japan is Asia's biggest aluminium importer and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. Click here to read full stories.

May 30 - De Beers sees sparkle in synthetic diamond jewellery

Anglo American unit De Beers is launching a company to sell laboratory-produced diamonds for jewellery in a departure from its century-old business model of promoting natural stones. Real diamonds created over thousands of years remain the priority, but De Beers is responding to customer demand for more affordable jewellery using stones made in days or weeks and sold for hundreds rather than thousands of dollars. Click here to read full stories.

May 30 - Shandong Gold looking forward to investing in Peru - chairman

Shandong Gold Group Co Ltd, China's largest gold producer, is hunting for gold around the world and is "looking forward to investing in Peru," the chairman of the company said during a presentation Tuesday. Chen Yumin said the company was looking for opportunities in Asia, America and Africa, but did not detail how it might invest in Peru as he addressed the 13th International Gold & Silver Symposium in the capital Lima. Click here to read full stories.

May 30 - Altus says subsidiary granted new zinc, copper licenses in Morocco

Altus Strategies' subsidiary Aterian Resource has been granted new zinc and copper exploration licenses in Morocco, it said on Tuesday. These licenses include Ammas and Takzim Est and Arfa covering a surface area of 87.55 square km, the mineral resources explorer said in a statement. Click here to read full stories.

May 29 - China metals companies trade on Shanghai exchange's new platform

Major state copper and aluminium producers were among the companies that traded almost half a billion yuan of metal on Shanghai Futures Exchange's (ShFE) new physical trading platform in its debut on Monday, the exchange said. Tongling Nonferrous Metals Group and Chalco were amongst the companies that transacted using the platform. Click here to read full stories.

May 29 - India closes Vedanta copper smelter permanently after bloody protest

An Indian state on Monday ordered the permanent closure of a copper smelter controlled by London-listed Vedanta Resources after 13 people protesting to demand its shutdown on environmental concerns were killed last week. "We have taken a decision to permanently shut down the plant and today issued government orders to do the same," Edappadi K Palaniswami, chief minister of the southern state of Tamil Nadu said in a statement after meeting officials, including from the pollution department. Click here to read full stories.

May 29 - Australia's South32 to acquire 50 pct of Eagle Downs coal project for $106 mln

Australia's South32 Ltd said it has agreed to buy a 50 percent stake in the Eagle Downs metallurgical coal project in Queensland state from state-owned China BaoWu Steel Group for an upfront payment of $106 million. The acquisition, through which the miner will become the project operator, includes a deferred payment of $27 million and a coal price linked production royalty of up to $80 million, South32 said in a statement on Tuesday. Click here to read full stories.

May 29 - Australia's Galaxy Resources to sell tenements in Argentina to POSCO for $280 mln

Australian lithium miner Galaxy Resources Ltd agreed on Tuesday to sell a package of mining tenements in Argentina to South Korean steelmaker POSCO for $280 million. The land is located in the northern area of the giant Salar del Hombre Muerto salt flat. Galaxy will retain ownership of all tenements in the southern basin. Click here to read full stories.

May 29 - Mexico violence hits Canadian silver miner's operations

Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime, saying on Monday it has faced security incidents along the roads used to transport personnel and materials to its Dolores mine. The Vancouver-headquartered company said it will maintain personnel at its open-pit Dolores silver mine in the border state of Chihuahua at levels necessary for site security and reduced operating activities. Click here to read full stories.

May 29 - ArcelorMittal South Africa to sell stake in Macsteel, shares rise

ArcelorMittal's South Africa units will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner Macsteel Holdings Luxembourg (MacHold) for $220 million, the steel maker said on Monday. "The proceeds of the sale will significantly strengthen the balance sheet of ArcelorMittal South Africa and will be used to fund working capital requirements and investments in the operating businesses," ArcelorMittal SA Chief Executive Kobus Verster said in a statement. Click here to read full stories.

May 28 - Indian state leader says will take all steps to shut down Vedanta's copper smelter

India's Tamil Nadu state deputy head said on Monday his government would take all steps to permanently shut a copper smelter run by London-listed Vedanta Resources after deadly protests demanding its closure on environmental grounds. Residents and environmental activists say emissions from the plant, India's second biggest, are polluting the air and water, affecting people's health. Click here to read full stories.

May 28 - Fortescue Metals to develop $1.3 bln iron ore project in Western Australia

Australia's Fortescue Metals Group Ltd, the world's fourth largest iron ore miner, said its board has approved the development of a $1.28 billion mine and rail project in Western Australia, in a bid to boost the price it gets for its iron ore. Fortescue is eager to improve the quality of its iron ore as its biggest customer, China, is increasingly demanding higher quality ore for steel mills to help cut smog. Click here to read full stories.

May 28 - Chinalco seals deal to get foothold in Yunnan's aluminium market

China's largest state aluminium producer Chinalco has sealed a joint venture deal with the Yunnan government and the province's state-run metal group, giving it its first foothold in the southwestern region's aluminium market. Yunnan Metallurgical Group will be merged into a joint venture with Chinalco, according to a statement on Monday from Yunnan Metallurgical's listed units, Yunnan Chihong Zinc & Germanium Co Ltd and Yunnan Aluminium Co Ltd. Click here to read full stories.

May 28 - Trump metals tariffs make Granite City great again, but at what cost?  

After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois. That day has arrived. Chrusciel, 61, is one of around 500 workers United States Steel Corp is re-hiring or recruiting as it readies for production in mid-June at a blast furnace it idled in 2015. Click here to read full stories.

May 28 - U.S. allies facing steel import quotas could be worse off

U.S. government moves to negotiate steel import quotas with its allies in exchange for tariff exemptions could leave them worse off than countries who have to pay the levy. Washington set tariffs of 25 percent on U.S. steel imports in March, but has since granted the European Union, Canada and Mexico temporary exemptions until June 1. Click here to read full stories.

May 28 - Chile's Pinera taps businessman Benavides as Codelco chairman

Chilean President Sebastian Pinera named Juan Benavides, a former chief executive officer of Chile retail leader Falabella, as chairman of the board of directors at Codelco, the world's top copper producer, the government said on Friday. Benavides was currently serving as chairman at Chilean private pension fund manager AFP Habitat. Click here to read full stories.

May 28 - Russia's Avtovaz explores alternatives to sanctions-hit Rusal 

Russian automaker Avtovaz said it will continue to buy aluminium from sanctions-hit Rusal but was looking for alternative sources in case it has to wind down business with the world's biggest producer of the metal. The United States announced sanctions on Rusal on April 6, preventing customers with U.S. exposure from continuing to buy Rusal's metal. The U.S. Treasury Department later moved its deadline to Oct. 23 from June 5 and said it could lift the sanctions if Rusal's major owner ceded control.  Click here to read full stories.

May 28 - Chinese battery firms join Responsible Cobalt Initiative 

Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) and battery recycler GEM Co Ltd have joined the Responsible Cobalt Initiative (RCI), an industry group set up to tackle risks in the cobalt supply chain. The RCI board on Friday approved the application from CATL, which makes lithium-ion batteries for electric vehicles (EVs), the group's executive secretary Christina Feng told Reuters, adding that GEM joined the group last week. Click here to read full stories.

May 28 - COMEX gold speculators trim net long position to smallest in 10 months - CFTC 

Hedge funds and money managers cut their net long position in COMEX gold contracts in the week to May 22, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also trimmed a net short position in silver futures and options, and raised a net long position in copper contracts, the data showed. Click here to read full stories.

May 28 - China opening may spark iron ore to become more like crude oil: Russell

In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore futures and exchanged-cleared swaps has been impressive, iron ore is still a long way behind other commodity markets, such as crude oil and some agricultural products, where paper trade exceeds physical by large multiples. Click here to read full stories.

May 25 - Electric vehicles seen driving cobalt crunch by mid-2020s

The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries. The Democratic Republic of Congo (DRC) produces nearly two-thirds of the world's cobalt as a by-product of its copper mines and is taking an increasingly confrontational stance toward foreign mining companies, including a new mining code that hikes royalties and taxes. Click here to read full stories.

May 25 - China opening may spark iron ore to become more like crude oil: Russell 

In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore futures and exchanged-cleared swaps has been impressive, iron ore is still a long way behind other commodity markets, such as crude oil and some agricultural products, where paper trade exceeds physical by large multiples. Click here to read full stories.

May 25 - What are "critical" minerals and what is the US going to do about them?: Andy Home

NioCorp Developments, which is in the process of raising financing for a minerals project in Nebraska, has just seen its Toronto-listed shares surge from C$0.52 to $0.70 in the space of two days thanks to the U.S. government. NioCorp's planned mine and processing facility at Elk Creek will produce three metals - scandium, niobium and titanium - that have all been officially designated "critical" minerals by the Interior Department. Click here to read full stories.

May 25 - Sanctioned tycoon Deripaska resigns as director of his firm Rusal

Russian metals tycoon Oleg Deripaska stepped down as a director of his aluminum firm Rusal as part of a choreographed series of steps which he hopes will persuade the U.S. government to rescind sanctions that have crippled his businesses. Deripaska is now actively preparing the next step: reducing his stake in En+, the group which controls Rusal, to a level where Washington would be willing to remove his businesses from its sanctions blacklist, three sources familiar with the discussions said. Click here to read full stories.

May 25 - Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report 

A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc and its partner Rio Tinto, according to government and company officials. In April, in follow-up action to the audit, the environment minister issued two decrees that gave Freeport six months to overhaul management of its mine waste, or tailings, at Grasberg, the world's second-biggest copper mine. Click here to read full stories.

May 25 - Vale sees key mine topping iron ore output forecasts in 2018 - source

Brazilian miner Vale SA expects iron ore output at its premier S11D mine to reach 58 million tonnes this year, above an official forecast of 50 million to 55 million tonnes, a person familiar with the matter said. The expected increase is due mainly to selling more "canga," or iron ore with a higher grade of contaminants - along with iron ore, since it has shown strong demand, said the person, who spoke this week. The source requested anonymity because the data is confidential. Click here to read full stories.

May 25 - Meghan Markle makes gold sales sparkle 

The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers  aid. The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to the World Gold Council.  Click here to read full stories.

May 25 - EU starts new investigation into steel imports from China 

The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched following a complaint by EU steelmaker group Eurofer and could bring fresh measures against Chinese steel, increasing tensions between Beijing and Brussels. Click here to read full stories.

May 25 - Indian state seeks permanent closure of Vedanta's copper smelter - officials 

India's Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds. "The government's position is very clear, it doesn't want the plant to run," said Sandeep Nanduri, the top official of the district where the plant is located, after a meeting with senior state government officials. Click here to read full stories.

May 25 - Chile's SQM says will boost lithium capacity by 2021 

Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021 as demand for the key ingredient in electric vehicle batteries continues to surge. SQM, one of the world's largest producers of lithium and fertilizers, said it would be ready to produce as many as 180,000 metric tonnes of lithium in Chile's Salar de Atacama salt flat by early 2021, up from 48,000 tonnes currently. Click here to read full stories.

May 24 - Rusal resumes shipments of aluminium to some customers 

United Company Rusal resumed shipping aluminium to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said. The U.S. Treasury Department moved its deadline for U.S. consumers to wind down business with Rusal to Oct. 23 from June 5 previously and said it would consider lifting sanctions if Rusal's major shareholder, Russian tycoon Oleg Deripaska, ceded control of the company. Click here to read full stories.

May 24 - India takes U.S. steel tariffs complaint to the WTO 

India has launched a complaint against the United States to challenge U.S. President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday. Indian officials told Reuters last month that their government would open a WTO dispute if the country's firms were not granted an exemption.  Click here to read full stories.

May 24 - Deadly protests land a blow to Indian resources magnate Agarwal's ambitions

Indian billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least $1 billion on investments in Africa. But in his home country, where he rose from a scrap dealer to a metals magnate, court-imposed fines, costly plant and mine shutdowns, and public protests against his businesses for allegedly polluting the environment, have held back his lofty ambitions and hurt the company's valuation, according to bankers and analysts. Click here to read full stories.

May 24 - Sumitomo sees Ambatovy, Sierra Gorda metal projects turning profitable within 3 yrs

Japan's Sumitomo Corp sees its Ambatovy nickel-cobalt project in Madagascar and Sierra Gorda copper project in Chile turning profitable within three years, as the mines recover from repeated delays and damage from inclement weather. While the 99-year-old trading house managed to turn in a record net profit in the year ended March 2018 on robust metal prices, its results continue to be pressured by losses from the two projects. Click here to read full stories.

May 24 - Mining companies still reluctant to tap Argentina deposits 

Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity. More than two years into Macri's term, the country's dormant gold, silver, lithium and copper reserves -- some discovered more than half a century ago -- remain mostly untapped. Click here to read full stories.

May 24 - AngloGold plans 2,000 job cuts in South Africa 

South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs. AngloGold employs roughly 8,200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising costs, regulatory disruptions and technical issues. Click here to read full stories.

May 24 - Chile high court declines to weigh in on lithium spat at Maricunga

Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday. Salar Blanco, 50 percent-owned by Australia's Lithium Power International, with smaller stakes held by Canada's Bearing Lithium, filed suit in March before the court alleging that Codelco was constitutionally barred from mining lithium. Click here to read full stories.

May 24 - Chinalco, city officials punished for environmental breaches 

The graft watchdog of China's ruling Communist party said on Wednesday that officials from a branch of Aluminum Corp of China, known as Chinalco, and a number Chinese cities had been disciplined for environmental failures. The general manager of Chinalco's Lanzhou branch, in the northwestern Gansu province, was publicly criticised for its "unsatisfactory" and "untimely" handling of hazardous solid waste that was stacked in breach of rules, the Central Commission for Discipline Inspection (CCDI) said in a statement. Click here to read full stories.

May 24 - Botswana court reverses ruling to end Tati Nickel's liquidation 

A Botswana court has overturned last month's High Court decision to take Tati Nickel Mine out of provisional liquidation because the earlier ruling did not consider the impact on creditors. Tati, a subsidiary of the liquidated BCL mine group, has been under provisional liquidation since October 2016. The liquidation was extended twice after liquidator Nigel Dixon-Warren requested more time to pursue a deal with investors. Click here to read full stories.

May 23 - Rio Tinto negotiates Grasberg copper exit 

Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5 billion purchase price. Click here to read full stories.

May 23 - EU doubts offer can prevent Trump tariffs or steel caps

European Union proposals to open its markets wider to U.S. products appear not to have persuaded Washington to lift the threat of measures to curb imports of EU steel and aluminium, the bloc's trade chief said on Tuesday. U.S. President Donald Trump has granted EU producers an exemption from import tariffs of 25 percent on steel and 10 percent on aluminium, pending the outcome of talks. The exemption ends June 1. Click here to read full stories.

May 23 - Why is China's aluminium output so hard to count? Andy Home

China is the world's dominant producer of aluminium, having ramped up production to more than half of global output, from less than a quarter at the turn of the century. The turbo-charged expansion has outpaced even China's voracious demand for the metal, inciting increasing protestation from the rest of the world over the resulting flow of exports and lack of transparency from China's alumunium sector. Click here to read full stories.

May 23 - At least nine dead after police fire on protesters at Indian copper smelter 

At least nine people were killed in India's Tamil Nadu state on Tuesday when police fired at violent protesters calling for the closure of a copper smelter run by Vedanta Resources, authorities said.   The state's chief minister, Edappadi K. Palaniswami, said police had been forced to act after the protests turned violent, and that nine people had been killed. The state's governor put the death toll at 11. Click here to read full stories.

May 23 - Elliott poised to take Thyssenkrupp stake - source 

Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp, a source familiar with the matter said, increasing pressure on management to restructure the group. The Germany company's CEO Heinrich Hiesinger, in the job since 2011, has already faced criticism from shareholders for being too slow to move Thyssenkrupp away from its steel-making roots and sharpen its focus on industrial goods. Click here to read full stories.

May 23 - Rusal's Asia sales chief Chris Hoet says he has left firm

The head of United Company Rusal's Asia sales team has left the embattled Russian aluminium producer, which continues to grapple with the fallout from being placed under U.S. sanctions last month. Chris Hoet, who was based in Rusal's Singapore office, told Reuters via LinkedIn that he had left the company on May 15. He had spent almost three years in the role, according to his profile on the professional networking site. Click here to read full stories.

May 23 - Cobalt 27 agrees to streaming finance deal with Australian miner 

Canada's Cobalt 27 Capital Corp said on Tuesday it has agreed to the world's first cobalt-nickel streaming finance deal on a producing mine with an Australian miner as the industry looks to bolster supplies of the key battery metal. Streaming is a type of alternative finance that allows an investor to make an upfront payment in exchange for future production at a discounted price. The transaction is the world's first cobalt-nickel streaming deal on a producing mine, Cobalt 27 said in a statement. Click here to read full stories.

May 23 - Poland's KGHM plans domestic investment of more than $3 bln by 2022

Poland's KGHM, which is one of the world's biggest copper and silver producers, plans to invest more than 11 billion zlotys ($3.03 billion) in Poland from 2018-2022, it said on Tuesday. The company also said it plans to reduce investment in oversees assets and focus on domestic operations. Click here to read full stories.

May 23 - Greece aims to resolve Eldorado standoff over metallurgy plant soon

Greece aims to resolve a long-standing standoff with Canada's Eldorado Gold Corp. over its development plans in the coming weeks, the energy ministry said on Tuesday. 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.

May 22 - U.S. slaps heavy duties on Chinese steel shipped from Vietnam

The U.S. Commerce Department on Monday slapped steep import duties on steel products from Vietnam that originated in China after a final finding they evaded U.S. anti-dumping and ant-subsidy orders. The decision marked a victory for U.S. steelmakers, who won anti-dumping and anti-subsidy duties against Chinese steel in 2015 and 2016 only to see shipments flood in from elsewhere. Click here to read full stories.

May 22 - Nickel's star performance underpinned by old and new drivers: Andy Home

Nickel is turning out to be the star performer of the major industrial metals so far this year. True, the London Metal Exchange (LME) price has retreated from April's three-year high of $16,690 as panic that U.S. sanctions on Russia might be extended to Norilsk Nickel has dissipated.  Click here to read full stories.

May 22 - Copper market in 86,000 tonnes surplus in Feb 2018 - ICSG

The global world refined copper market showed a 86,000 tonnes surplus in February, compared with a 23,000 tonnes surplus in January, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 2 months of the year, the market was in a 109,000 tonnes surplus compared with a 125,000 tonnes surplus in the same period a year earlier, the ICSG said. Click here to read full stories.

May 22 - China's Henan Shenhuo to shift aluminium smelting capacity to Yunnan province

China's Henan Shenhuo Coal & Power Co will transfer more than 450,000 tonnes per year of aluminium smelting capacity to the southwestern province of Yunnan, according to a provincial government notice. The move illustrates Yunnan's increasing popularity as a location for aluminium smelters in China, the world's biggest producer of the metal. The companies are keen to tap the province's large hydropower capacity to replace their current coal-fired plants for the power needed during the electric-intensive smelting process. Click here to read full stories.

May 22 - Italy's 5-Star meets steel unions on Ilva plant it eventually wants shut 

A prominent 5-Star Movement lawmaker met unions at Italy's Ilva steel plant on Monday, saying afterward he had made headway toward a solution for the factory - due to be bought by ArcelorMittal with several thousand job losses - which his party wants eventually to close. "We held an informal dialogue with Ilva's unions to come up with a shared path toward long-term solutions for what has become an economic, environmental and health disaster," Fioramonti said on Twitter. Click here to read full stories.

May 22 - Iron ore market dynamics are shifting beneath calm facade: Russell

The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months. Of course, another way of saying that a market is enjoying relatively stable and good times is that it's boring, but in iron ore there is plenty of action bubbling beneath the seemingly calm exterior. Click here to read full stories.

May 22 - Cypriot investor interested in making catalytic converters in Zimbabwe - mines minister

Cypriot investor Karo Resources wants to use some of the output from its planned $4.2 billion platinum project in Zimbabwe to make catalytic converters for capping emissions in diesel cars, the mines minister said on Monday. Cyprus-born Loucas Pouroulis, who heads Karo, signed the deal in March to build a platinum mine and refinery in the Mhondoro-Ngezi platinum belt. Click here to read full stories.

May 22 - Beijing sees April pollution levels rise as industry curbs end 

Pollution levels in China's capital Beijing rose by 20.8 percent year-on-year in April as industries, including steel, ramped up output following the lifting of winter curbs, according to official data released on Monday. The average concentration across the city of small, breathable particles known as PM 2.5 was 64 micrograms per cubic metre last month, the Beijing Municipal Environmental Protection Bureau said on Monday. Click here to read full stories.

May 22 - MCX launches India's first copper options 

India's Multi Commodity Exchange (MCX) said it launched the country's first copper options contracts on Monday. Three contracts expiring in June, August and November with a lot size of 1 tonne were launched, the exchange said in a statement. Click here to read full stories.

May 21 - Rusal says Deripaska has not formally resigned; reiterates sanctions may hit business

Russia's largest aluminium producer Rusal said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions. Washington imposed sweeping sanctions last month on some of Russia's biggest companies and businessmen, including En+ Group Plc, striking at allies of President Vladimir Putin to punish Moscow for alleged meddling in the 2016 U.S. presidential election and other so-called malign activities. Click here to read full stories.

May 21 - Japan's Nippon Steel says solid demand mutes impact of U.S. duties

Strong global demand has helped cushion the impact on Nippon Steel & Sumitomo Metal Corp of new U.S. import duties, but Japan's top steelmaker remains worried Washington's trade barriers could lead to a glut in Asia, a much bigger market for the company. Japan is among the top 10 steel exporters to the United States which in March began imposing a 25-percent tariff on steel imports, aimed at curbing purchases from China. Click here to read full stories.

May 21 - Sibanye CEO confident of Lonmin takeover despite cash burn

Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said. Sibanye's 285 million pound ($386 million) all-share bid to create the world's second largest platinum miner faces hurdles including Lonmin's weak cash position, competition authority approval and the effects of a stronger rand. Click here to read full stories.

May 21 - China steel capacity to be brought below 1 bln T by 2025 - assn 

China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that national demand for the metal is set to decline gradually. With more than three quarters of firms suffering losses as a result of a price-sapping capacity surplus, China vowed in early 2016 to shut 150-150 million tonnes of annual production in five years in a bid to raise profitability and utilisation rates in the sector. Its capacity then was estimated at 1.2 billion tonnes. Click here to read full stories.

May 21 - Higher rand to quicken cuts in South Africa's platinum output 

The world's top platinum producers operating in South Africa are under pressure from the higher rand which, along with lacklustre metal prices, could force companies to cut output faster than before. The South African platinum sector, which accounts for over 70 percent of global supply, has already slashed jobs and spending in a bid to survive the tough operating environment. Click here to read full stories.

May 21 - Speculators cut net long position in COMEX gold, smallest in 10 mths - CFTC 

Hedge funds and money managers cut their net long position in COMEX gold contracts in the week to May 15, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also trimmed a net short position in silver futures and options, and raised a net long position in copper contracts, the data showed. Click here to read full stories.

May 21 - Electric vehicle rush fuels optimism at LME Asia Week

Rising demand for battery materials cobalt and lithium infused some optimism into an otherwise cautious London Metal Exchange (LME) Asia Week, amid a backdrop of slowing growth in China and escalating trade tensions between it and the United States. In the event's first ever session on battery materials in Hong Kong, Chinese cobalt producers such as Jinchuan Group International Resources and Wanbao Mining said they were ramping up production to sate an anticipated demand boom from electric vehicles (EVs). Click here to read full stories.

May 21 - Former Petropavlovsk CEO hopes to return after shareholder shake-up

Pavel Maslovskiy, one of the founders of Petropavlovsk, hopes to return as CEO later this year in the latest twist in a long-running battle for control at the Russian gold miner. Maslovskiy stepped down last year after a shareholder revolt ousted another co-founder, British businessman Peter Hambro. Click here to read full stories.

May 21 - U.S. confirms list of 35 key minerals, targets domestic supply boost  

Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the United States deems essential to its economic and national security and wants to produce more of domestically. The Department of Commerce will use the list, which was published by the Interior Department on Friday and which confirms a draft issued in February, for a report that responds to a December presidential order to break U.S. dependence on foreign minerals.  Click here to read full stories.

May 18 - China's steel mills turn trash into cash as policy reshapes strategy

Steel mills in China are spending big on equipment that shreds cars and other junk metal for use as raw material, as government demands to make smoke-stack industries cleaner continues to reshape heavy manufacturing. Investing in scrap-processing equipment is the latest sign that mills have cash to spend after bumper margins last year resulting from skyrocketing metal prices. It also indicates that Beijing's tough rules on pollution are pushing companies to be more efficient. Click here to read full stories.

May 18 - China's Tianqi Lithium to buy a quarter of Chile's SQM for $4.1 bln

China's Tianqi Lithium Corp said on Thursday it will buy nearly a quarter of Chilean lithium producer SQM  for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars. The sale, however, still faces scrutiny by an anti-trust regulator in Chile as it would leave Tianqi just shy of a controlling stake in SQM, the world's second-largest lithium producer, and likely entitle the company to appoint three seats on its board. Click here to read full stories.

May 18 - Sanctions stresses still bubbling in aluminium market: Andy Home 

The initial sanctions shockwaves may have passed but the aluminium market is still structurally stressed by the U.S. Treasury's action against Oleg Deripaska and his Rusal aluminium empire. The price explosion after the original April 6 sanctions announcement went into reverse on April 23, when the U.S. Treasury extended the deadline until October and held out an olive branch to Rusal (but not Deripaska). Click here to read full stories.

May 18 - Anglo looks to sell Peru copper stake to Japanese firms - sources

Anglo American  is likely to sell up to 30 percent of its multi-billion dollar Peruvian copper project Quellaveco to Japanese entities, including Mitsubishi, which already own part of it, three sources familiar with the matter said. The London-listed miner said in its 2017 financial results it is seeking to cut its 82 percent interest in Quellaveco, which could produce 225,000 tonnes of copper annually, to between 50 and 70 percent. Click here to read full stories.

May 18 - Global nickel market deficit widens in March - INSG

The global nickel market deficit widened to 15,700 tonnes in March from a revised deficit of 6,600 tonnes in the previous month, the International Nickel Study Group said on Thursday. During the first three months of the year, the deficit widened to 39,100 tonnes from 27,100 tonnes in the same period of 2017, the data showed. Click here to read full stories.

May 18 - Eritrea 'poison pill' complicates miner Lundin's aspirations -sources

The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea. Click here to read full stories.

May 18 - Zimbabwe lithium excites but projects face funding hurdle

Zimbabwe has a small window of up to 24 months to start producing battery grade lithium and ride the wave of high prices, miners said on Thursday, but the country's high political risk made financing projects difficult. Since the fall of Robert Mugabe after a de facto military coup last November, new President Emmerson Mnangagwa has been trying to shore up foreign investor interest in a country rich in mineral resources but starved of capital. Click here to read full stories.

May 18 - Russia's Alrosa may buy diamond polisher Kristall in 2018 - Finance Ministry

Russian diamond miner Alrosa may buy state-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday. Alrosa, the world's largest rough diamond producer by output, said previously it was "expedient" for it to buy Kristall when the state-owned company is privatised. Click here to read full stories.

May 18 - Vedanta's Indian copper smelter to remain shut until at least June 6

Vedanta Resources Plc's Thootukudi copper smelter, one of India's biggest, will remain shut until at least June 6, a lawyer petitioning against the plant reopening said on Thursday. The Tamil Nadu Pollution Control Board has adjourned a hearing to grant Vedanta a renewal of consent to operate the smelter until that date, said V Ramasubbu, a local lawyer who filed the petition because of environmental concerns. Click here to read full stories.

May 17 - Metals entering new longer, shallower bull cycle as inflation turns

Metals markets are moving into a new bull cycle that will be longer and shallower than the last, driven by rising inflation and dispersed demand growth, panelists said at the LME week Asia conference in Hong Kong. A broad-based pick up in global economic growth has pushed up energy prices and inflationary pressure that will gain more steam from an increase in U.S. interest rates. Click here to read full stories.

May 17 - Mind the gap: Can subway and landmine technologies save S.Africa platinum?  

Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a sector battered by low prices and social unrest, but there are limits. Click here to read full stories.

May 17 - EU heads discuss bold-or-fold strategy toward Trump tariffs

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions. U.S. President Donald Trump has imposed import duties of 25 percent on steel and 10 percent on aluminium on grounds of national security, but granted EU producers a temporary exemption until June 1 pending the outcome of talks. Click here to read full stories.

May 17 - How Rusal escaped the noose of U.S. sanctions

They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska's aluminium company Rusal. Instead of barring Rusal from international markets, which is what the United States originally intended to do, the Treasury suggested it might lift the sanctions altogether. Click here to read full stories.

May 17 - China draft plan sets tough 2020 emissions targets for steel mills 

Roughly half of China's steelmaking capacity would have to comply with tough new emissions targets by 2020, according to a draft plan issued by the government and reviewed by Reuters, the latest move by Beijing to clean up its smoke-stack industries. The plan would require 480 million tonnes of annual capacity in the world's top steel producer to meet ultra-low emissions standards by 2020, the document issued by the Ministry of Ecology and Environment (MEE) said. Click here to read full stories.

May 17 - EU heads discuss bold-or-fold strategy toward Trump tariffs

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions. U.S. President Donald Trump has imposed import duties of 25 percent on steel and 10 percent on aluminium on grounds of national security, but granted EU producers a temporary exemption until June 1 pending the outcome of talks. Click here to read full stories.

May 17 - Australia's Kidman Resources to supply lithium for Tesla cars

Australia's Kidman Resource said on Thursay it will supply lithium for Tesla Inc's electric car batteries, the latest in a string of deals by carmakers securing supplies of the mineral as demand surges for clean cars. The deal comes less than a fortnight after Kidman chose a site to develop a lithium processing plant in Kwinana, Western Australia, with its joint venture partner Sociedad Quimica y Minera de Chile (SQM). Click here to read full stories.

May 17 - India's Tata Steel profit lifted by one-off UK pension gain

Tata Steel Ltd was helped to a quarterly profit of 146.88 billion rupees ($2.17 billion) by a one-off pensions gain, in contrast with an 11.68 billion rupee loss a year earlier. The Indian steelmaker on Wednesday an exceptional gain of 113.76 billion rupees in the quarter to the end of March, which included a non-cash gain of 140.77 billion rupees relating to the restructuring of its British pension scheme. Click here to read full stories.

May 17 - South Africa's Tharisa taps Zimbabwean chrome reserves 

South Africa's Tharisa strengthened its claim as an early mover in a hoped-for Zimbabwean mining renaissance on Wednesday by buying a slice of the chrome-rich Great Dyke region. Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe was ousted last year. Click here to read full stories.

May 16 - How Rusal escaped the noose of U.S. sanctions

They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska's aluminium company Rusal. Instead of barring Rusal from international markets, which is what the United States originally intended to do, the Treasury suggested it might lift the sanctions altogether. Click here to read full stories.

May 16 - China's Tianqi nears $4.3 bln deal to buy stake in Chile's SQM - sources

China's Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile's Sociedad Quimica Y Minera (SQM), one of the world's biggest lithium producers, for about $4.3 billion, two people close to the transaction said. Chengdu-based Tianqi, which is building the world's biggest lithium processor in Western Australia, is looking to sign a deal to acquire the stake in SQM from Canadian fertilizer company Nutrien Ltd, the people said. Click here to read full stories.

May 16 - Sibanye's Lonmin takeover faces British antitrust scrutiny

Britain's Competition and Markets Authority said it will examine whether a takeover of Lonmin by South Africa's Sibanye-Stillwater would reduce competition, knocking shares in both mining firms. Precious metals miner Sibanye-Stillwater made an all-share offer for London-listed Lonmin in December, but the planned 285 million pound ($386 million) deal to create the world's No.2 platinum producer faces several other hurdles. Click here to read full stories.

May 16 - Paulson keeps stake in gold investments during 1st qtr - filing 

New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the first 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 propitious given that during the first three months of the year, gold prices climbed slightly, though remained hemmed in a narrow trading range as selling pressure from rising U.S. interest rates and a strong U.S. dollar competed with support from geopolitical tensions. Click here to read full stories.

May 16 - Copper scrap a key battleground in China's war on waste: Home 

China's self-declared war on "foreign garbage" has come to America. From May 3 all U.S. shipments to China of secondary materials, from scrap metal to plastics and waste paper, are suspended for a month. Click here to read full stories.

May 16 - Russia's Alrosa Q1 core earnings up 78 pct q/q, beat forecast 

Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, said on Wednesday its first-quarter core earnings rose 78 percent from the previous quarter due to strong sales. Alrosa said its first-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) reached 48 billion roubles ($769 million), beating analysts' estimates. Click here to read full stories.

May 16 - Brazil's CSN plans more asset sales of up to $1 bln this year - CEO

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) plans to sell up to 4 billion reais ($1 billion) in assets by the end of the year, in addition to an already announced $400 million U.S. sale, Chief Executive Officer Benjamin Steinbruch told analysts on Tuesday. Steinbruch said the company is willing to sell assets such as a stake in rival steelmaker Usinas Siderurgicas de Minas Gerais, the Tecon port terminal in the state of Rio de Janeiro and its Portuguese subsidiary Lusosider Aços Planos SA. Click here to read full stories.

May 16 - Rio Tinto CEO calls for 'United Nations of the mining world' 

Rio Tinto CEO Jean-Sebastien Jacques said resource companies needed to build "the United Nations of the mining industry" to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire resource-holding nations to demand higher shares of international mining companies' profits. Click here to read full stories.

May 15 - Recovery in trading volumes a boon for LME ahead of its Asia metals conference 

A surprise pickup in trading volumes at the London Metal Exchange (LME) following years of stagnation is expected to be a dominant theme at the industry's largest event in Asia this week. Total LME turnover rose by 3 percent in the first quarter of 2018 in a trend that is likely to continue, boosted after U.S. sanctions hit the world's No.2 aluminium maker, Russia's Rusal, setting off a trading frenzy in the London bourse's flagship aluminium contract. Click here to read full stories.

May 15 - China's daily steel output hits 4-yr peak as winter curbs ease 

China's daily crude steel output in April rose to its highest in at least 4 years, official data showed on Tuesday, as mills boosted production to take advantage of high margins after the end of winter output curbs. Overall steel output in the world's top producer climbed to 76.7 million tonnes in April, up 3.7 percent from March and up 4.8 percent from April a year ago, according to data from the National Bureau of Statistics (NBS). Click here to read full stories.

May 15 - Russian billionaires take boardroom battle to London High Court 

Russia tycoon Oleg Deripaska gave evidence in the London High Court on Monday in a case challenging the sale of shares in Norilsk Nickel (Nornickel) by soccer club owner Roman Abramovich. Deripaska, making his first public appearance since being made a target of U.S. sanctions, wants to stop Abramovich selling Nornickel shares to another Russian billionaire Vladimir Potanin, saying it violates a 2012 shareholder deal. Click here to read full stories.

May 15 - Japan's JFE: No major impact from U.S. duties on steel, but fears of 'Trump risk' 

JFE Holdings Inc, parent of Japan's No. 2 steelmaker, has seen no major impact on its exports so far from new U.S. import duties on steel, but still sees U.S. trade policy as the biggest risk for the Japanese economy, its president said. "The biggest risk for the Japanese economy is 'Trump risk'," JFE President Eiji Hayashida told a news conference on Tuesday. Click here to read full stories.

May 15 - Lower costs help Thyssenkrupp offset Industrial Solutions loss 

Higher cost savings and lower IT spending masked a surprise loss at Thyssenkrupp's struggling Industrial Solutions business, which engineers plants and builds ships and has suffered from slowing demand and low-margin orders. The steel-to-submarines group posted adjusted operating profit of 500 million euros ($596 million) for the second quarter, in line with analyst forecasts. Its Industrial Solutions unit swung to a 23 million euro loss, while analysts expected a 20 million profit. Click here to read full stories.

May 15 - Strike shuts off 1.2 mln T bauxite output at Guinea SMB mine

Guinea's Societe Miniere de Boke (SMB) has completely shut down bauxite production at its mine for the past 10 days owing to a staff walkout, its director general said on Monday. Frederic Bouzigues told Reuters by telephone that the company had already lost between one million to 1.2 million tonnes of scheduled bauxite production because of the strike, with losses running to $1 million a day. Click here to read full stories.

May 15 - Sinosteel to invest $1 bln in Zimbabwe, lift ferrochrome output 

China's Sinosteel Corporation has agreed to invest $1 billion in Zimbabwe to build a power plant and increase ferrochrome output, the southern African country's president Emmerson Mnangagwa said on Monday. Sinosteel president Andong Liu said the Chinese firm planned to build three additional furnaces at its majority-owned Zimasco business, which would raise ferrochrome output by 120,000 tonnes over the next five years to 300,000 tonnes per year. Click here to read full stories.

May 15 - Shanta Gold to expand search in Tanzania, as new laws deter others 

Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws, the chief executive told Reuters. Shanta's plans buck a trend among other firms that have scaled back ambitions in Tanzania due to laws that include giving the state a bigger stake in mines, a ban on exporting unprocessed minerals and higher royalties and taxes.  Click here to read full stories.

May 15 - Congo mining regulations committee completes work, miners say 

Major miners operating in the Democratic Republic of Congo, Africa's top copper producer, said on Monday that a commission set up to draft detailed regulations to implement a new mining code had completed its work. But the mining companies, which have vigorously opposed the new code, said they had not been given an opportunity to tackle what they regard as major flaws in the law. Click here to read full stories.

May 14 - Louis Dreyfus completes $466 mln sale of metals unit to Chinese fund

Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets. Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL Natural Resources Investment Fund, without disclosing financial details.  Click here to read full stories.

May 14 - Palladium market deficit to top 1 mln oz this year-Metals Focus

The palladium market shortfall is expected to rise above 1 million ounces this year, research group Metals Focus said in a report on Monday, while the platinum market surplus is tipped to persist for a third year. Palladium is seen in a 1.239 million ounce deficit this year, up from 828,000 ounces in 2017, as automotive demand for the metal - used in catalytic converters - increases while mine production drops. Click here to read full stories.

May 14 - Tanzania cancels licence of Barrick, Glencore nickel project 

Tanzania has revoked a retention licence for an undeveloped nickel project jointly owned by Barrick Gold Corp and London-listed miner Glencore Plc as part of enforcement of a new mining regime. The licence for the Kabanga nickel project in northwestern Tanzania was among 11 retention licences cancelled by the government under the Mining (Mineral Rights) Regulations of 2018, which were approved in January. Click here to read full stories.

May 14 - Russia is not considering buying stakes in EN+, Rusal - finmin 

Russia is not considering buying stakes in EN+ and Rusal, two companies hit by U.S. sanctions last month, acting Finance Minister Anton Siluanov said on Monday. Siluanov said one option for supporting aluminium giant Rusal was to use funds from Promsvyazbank, a lender that the country's central bank took over last year. Click here to read full stories.

May 14 - Speculators raise net long position in COMEX gold - CFTC 

Hedge funds and money managers raised their net long position in COMEX gold contracts in the week to May 8, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also trimmed a net short position in silver futures and options, and cut a net long position in copper contracts, the data showed. Click here to read full stories.

May 14 - ArcelorMittal gives bullish outlook after earnings beat 

The world's largest steelmaker ArcelorMittal said the outlook for 2018 had improved after a sharp pick-up in steel prices and increased iron ore shipments helped it deliver higher-than-expected first-quarter earnings on Friday. The group did not give a specific forecast for its own prospects, but repeated that it saw 2018 global apparent steel consumption, which takes into account inventory changes, growing by between 1.5 and 2.5 percent. Click here to read full stories.

May 14 - Miner Lonmin narrows first-half loss, cuts annual spending target 

Lonmin said on Monday it narrowed its first-half operating loss and lowered its spending target for the year as the platinum miner prepared for a merger with Sibanye-Stillwater. The London-listed miner, which is being bought by Sibanye-Stillwater, reported a first-half operating loss of $32 million compared with a loss of $181 million a year earlier. Click here to read full stories.

May 14 - Japanese miners plan to boost output at Chile copper mines amid challenges 

Japanese copper miners JX Nippon Mining & Metals and Sumitomo Metal Mining plan to increase output from their mines in Chile this year, but are facing challenges in bringing them to full capacity and meeting profit targets. JXTG Holdings Inc said on Friday that Caserones copper mine which is 51.5 percent owned by its metal unit JX Nippon Mining is expected to produce about 110,000 tonnes of copper concentrate in the year to end-March 2019, up from 91,000 tonnes a year earlier. Click here to read full stories.

May 11 - ArcelorMittal gives upbeat outlook, beats earnings forecast 

The world's largest steelmaker ArcelorMittal said the outlook for 2018 had improved after a sharp pick-up in steel prices and increased iron ore shipments helped it deliver higher-than-expected first-quarter earnings on Friday. The group did not give a specific forecast for its own prospects, but repeated that it saw 2018 global apparent steel consumption, which takes into account inventory changes, growing by between 1.5 and 2.5 percent. Click here to read full stories.

May 11 - How Trump's steel tariffs kick the can business

Dan Vincent is in a bind. The president of Pacific Coast Producers (PCP) plans to use around 700 million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California. His cooperative then sells the canned fruits and vegetables to grocers ranging from Walmart Inc to Kroger Co, as well as food services companies such as Sysco Corp and a host of restaurant chains. Click here to read full stories.

May 11 - U.S. producers hurt by Chinese steel wheel imports - trade panel 

The U.S. International Trade Commission said on Thursday it had made a preliminary finding that U.S. producers were being harmed by imports of steel automotive wheels from China. The decision follows an announcement last month by the U.S. Commerce Department that it had opened an investigation to determine if certain steel wheels from China are dumped in the United States and whether producers in China are receiving unfair subsidies. Click here to read full stories.

May 11 - Rusal's first quarter earnings jump, but warns on sanctions impact

Russian aluminium giant Rusal boosted first-quarter recurring net profit on Friday amid stronger aluminium prices, but warned that sanctions imposed by the United States in April could harm its business. Washington last month announced sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ Group Plc and GAZ Group, in response to what the United States called Russia's "malign activities". Click here to read full stories.

May 11 - Emirates Global Aluminium likely to delay float after market turmoil - sources

Emirates Global Aluminium's (EGA) stock market listing is likely to slip to 2019 because of turmoil in global aluminium markets after the United States imposed sanctions on Russian aluminium group Rusal, three sources familiar with the deal said. "The IPO (initial public offering) is delayed to 2019 due to market conditions," one of the sources said. Click here to read full stories.

May 11 - Indonesia decree says mining permit holders need to divest 51 pct by 2019 

Indonesia's ministry of energy and mineral resources issues decree requiring special mining permit holders producing for at least five years to divest 51 pct to Indonesian entities by 2019 Indonesia decree says will fine companies 20 pct of mineral export revenue if not enough progress building smelters. Click here to read full stories.

May 11 - Ethiopia suspends gold mining firm's licence after weeks of protests

Ethiopia has suspended a gold mining firm's licence after weeks of protests in a town near the mine by local people who accuse the company of polluting their source of water and the atmosphere, a government official said. "The ministry suspended the licence in response to the demands of the people," Bacha Faji, a spokesman for Ethiopia’s Ministry of Mines, Petroleum and Natural Gas, told state-affiliated television Fana. Click here to read full stories.

May 11 - Randgold labour strikes hit Q1 gold output and profit 

Randgold Resources reported a 24 percent quarter-on-quarter fall in profit on Thursday after labour strikes at its Tongon mine in Ivory Coast hit production and raised costs. Shares sank 7 percent by 0950 GMT, on track for their biggest intra-day fall since December 2016. Click here to read full stories.

May 10 - N. American gold ETF inflows at highest since September 2017 - WGC 

North American gold-backed exchange traded funds saw inflows in April at the highest since September 2017, as a U.S.-China trade war stand-off, tensions over Syria and worries over possible U.S. sanctions on Russia ushered in safe-haven purchases. This happened amid a strong U.S. dollar and expectations for the U.S. Federal Reserve to increase interest rates, which makes dollar-priced gold a less attractive investment since it does not draw interest. Click here to read full stories.

May 10 - ArcelorMittal hires Bank of America to sell European steel assets

The world's largest steelmaker ArcelorMittal has hired Bank of America-Merrill Lynch to sell a number of its steel assets to secure antitrust clearance to acquire Italian peer Ilva. ArcelorMittal offered in March to sell its galvanized steel plant in Italy, as well as units in Romania, Macedonia, the Czech Republic, Luxembourg and Belgium as a concession to EU regulators for its 1.8 billion euro ($2.15 billion) bid for Ilva. Click here to read full stories.

May 10 - Randgold reports lower Q1 gold output, profit 

Randgold Resources reported a 24 percent quarter-on-quarter fall in profit on Thursday as production at its mines declined and costs rose. First quarter profit totalled $66.5 million, down 24 percent from the previous quarter and down 22 percent from a year earlier, the London-listed company said in a statement. Click here to read full stories.

May 10 - Japan's UACJ suspends aluminium buying from Rusal due to U.S. sanctions - executive

Japan's UACJ Corp said on Wednesday it is suspending aluminium buying from Russia's United Company Rusal because of U.S. economic sanctions on the producer, but the company has found alternative supplies from others. UACJ, Japan's major manufacturer of rolled aluminium products, expects its units in the United States to benefit from higher prices of the metal after U.S. imposed import duties on aluminium, a senior company executive said at a press briefing. Click here to read full stories.

May 10 - Vedanta's Konkola Copper Mines disputes $18 mln Zambia tax bill - industry source 

Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals with a tax bill of $8 billion. Click here to read full stories.

May 10 - Syrah Resources targets EV battery market with Mozambique graphite mine

Australian-listed Syrah Resources is targeting the market for electric vehicle batteries with its Balama graphite mine in Mozambique, which started production in November. A global scramble is on for commodities such as graphite, cobalt and lithium, which are among the key components in the rechargeable lithium-ion batteries used to power mobile devices and electric vehicles. Click here to read full stories.

May 09 - Japan's bullish trading firms ride higher metals prices

Japanese trading houses, led by Mitsubishi Corp, are riding high on stronger commodities prices, forecasting another profit rise after posting a jump for the year just ended. Combined net profit of the five major trading houses, including Mitsui & Co, Itochu Corp, Sumitomo Corp and Marubeni Corp, was nearly 1.9 trillion yen ($17.4 billion) for the year ended March 31. Click here to read full stories.

May 09 - Private firm takes on Codelco for control of Chile lithium deposit

A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote Maricunga salt flat is far smaller than the expansive Salar de Atacama, where top lithium producers Albemarle and Chile's SQM rule supreme. Click here to read full stories.

May 09 - Gold seen at highest annual price for five years in 2018 - GFMS

Gold in 2018 will deliver its strongest annual price performance in five years, GFMS analysts forecast on Tuesday, as political uncertainty drives investment in bars and bullion-backed investment funds. The GFMS metals research team, a unit of Thomson Reuters, predicted gold would average $1,360 an ounce this year, up 8 percent from 2017, with some short-term moves towards $1,500. Click here to read full stories.

May 09 - Nevsun's No. 2 shareholder says takeover proposal 'pretty fair'

Nevsun Resources' second biggest shareholder said on Tuesday it is "positively inclined" to an unsolicited C$1.5 billion ($1.16 billion) takeover proposal for the Canadian copper-zinc miner, whose shares rose as much as 24 percent on the approach. Nevsun should engage more fully with Lundin Mining Corp and Euro Sun Mining, which made the proposal, and run a full sales process, said Jamie Horvat, director of global equities for M&G Investment Management, which owns 9.5 percent of Nevsun. Click here to read full stories.

May 09 - Chile copper output up 18.9 pct in first quarter 2018 -Cochilco 

Chile's copper production increased 18.9 percent in the first quarter of 2018 from the same period a year earlier, Chilean copper commission Cochilco said on Tuesday. Production this year was boosted by a low basis for comparison following an historic strike last year at BHP's Escondida copper mine, the world's largest. Escondida tripled its production in the first quarter of 2018 to 322,700 tonnes, Cochilco said. Click here to read full stories.

May 09 - South Africa's NUM union seeks 37 pct pay hike from gold miners over two years 

South Africa's National Union of Mineworkers (NUM) has submitted wage hike demands in the gold sector of up to 37 percent over a two year period, according to a document submitted to the Chamber of Mines seen by Reuters. The demands far exceed the current inflation rate of 3.8 percent and suggest potentially tough negotiations with companies that have been battling to contain soaring costs in the world's deepest mines. Click here to read full stories.

May 09 - Poland's KGHM expects to match or exceed 2017 profit this year 

One of the world's biggest copper miners, KGHM Polska Miedz SA, expects this year's consolidated net profit to match or exceed last year's result despite lower capacity, acting Chief Executive Officer Rafal Pawelczak said on Tuesday. Last year group's net profit amounted to 1.57 billion zloty ($434.58 million), but this year the company had to close one of its production outlets - copper smelter Glogow II - for three months for renovation. Click here to read full stories.

May 08 - China's April iron ore imports nearly flat from a year ago as environmental curbs weigh

China's iron ore imports in April were nearly flat from a year ago, customs data showed on Tuesday, surprising most analysts, as environmental curbs limiting steel production likely reduced demand for the steelmaking raw material. Iron ore imports rose slightly to 82.92 million tonnes last month, up 0.8 percent from 82.23 million tonnes a year ago, data from the General Customs of Administration showed. Click here to read full stories.

May 08 - Freeport Indonesia divestment still targeted for this year, Inalum says 

Freeport-McMoRan Inc's divestment of a controlling interest in Indonesia's Grasberg mine is still planned for 2018, even though the price and some contract terms are still to be agreed, the head of state mining holding company PT Inalum said. Inalum, which is arranging funding for the deal, already has a "committed" loan for the transaction with Freeport and Rio Tinto for the majority stake in Grasberg, Inalum's Budi Gunadi Sadikin told a briefing on Tuesday, on the sidelines of the Coaltrans Asia conference in Bali. Click here to read full stories.

May 08 - China April aluminium, steel exports rise, defying U.S. tariffs 

China's aluminium exports inched higher and steel shipments jumped in April, customs data showed on Tuesday, as U.S. import tariffs failed to dent overseas shipments from the world's biggest producer of the two metals. The United States imposed a 25 percent duty on steel imports and a 10 percent tariff on aluminium imports, effective from March 23 as U.S. President Donald Trump sought to protect U.S. metal makers. Click here to read full stories.

May 08 - AngloGold maintains production guidance, in talks with Tanzania  

AngloGold Ashanti remains on track to meet its production targets for 2018 and is in talks with the Tanzanian government regarding policy moves to boost government stakes in mining assets and tax hikes, it said on Tuesday. Tanzania, Africa's fourth-largest gold producer, is seeking to reap more profits from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector but the moves have alarmed companies and investors. Click here to read full stories.

May 08 - Russia's MMK says Q1 core earnings rose 24 percent, missing forecasts 

Russian steelmaker MMK said on Tuesday its core earnings for the first quarter of 2018 rose 23.9 percent compared with the same period last year, to $560 million, missing analysts' forecasts. A Reuters poll of analysts expected MMK, controlled by Russian businessman Viktor Rashnikov, to announce a 26 percent rise in earnings before interest, taxation, depreciation and amortisation (EBITDA) to $571 million. Click here to read full stories.

May 08 - Antofagasta suspends operations of Los Pelambres pipeline after blockage

Antofagasta said on Tuesday it had uncovered and cleared a blockage in its Los Pelambres pipeline, which moves copper concentrates from Chile's Coquimbo region to ports, with some knock on effects for sales and production. The company said it expected production, measured as the quantity filtered at the port, to be impacted by about 10,000 tonnes of copper due to the blockage and sales to be impacted by some 15,000 tonnes in the six months ending June 30. Click here to read full stories.

May 08 - Nevsun Resources rejects C$1.5 bln offer from Lundin Mining, Euro Sun

Canadian miners Lundin Mining Corp and Euro Sun Mining Inc disclosed on Monday an offer made earlier to buy base metals company Nevsun Resources Ltd, which rejected the C$1.5 billion ($1.16 billion) proposal. Under the terms of the offer dated April 30, Nevsun shareholders were to receive a total consideration of C$5 per Nevsun share including C$2 in cash funded by Lundin Mining, C$2 in shares of Lundin Mining and C$1 in shares of Euro Sun, Lundin Mining and Euro Sun said in a joint statement. Click here to read full stories.

May 08 - Zambia concludes mine tax audits after slapping huge bill on First Quantum 

Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with a tax bill of over 76.5 billion Zambian kwacha ($8 billion), its revenue authority said on Monday. First Quantum, which owns two copper mines in Zambia, said in March that Zambia's tax agency had demanded the taxes, saying they were on import duties, penalties and interest on consumables and spare parts. Click here to read full stories.

May 08 - Rescuers battle to reach three missing Polish miners

Rescuers battled "extremely difficult" conditions on Monday searching for three Polish miners still missing two days after an earthquake, the mine's operator JSW said. The quake struck the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning, trapping seven people almost a kilometre underground. Two of them have been found dead and two others rescued. Click here to read full stories.

May 07 - World's biggest gold ETF launching new low-fee fund - source

The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter told Reuters. The move is a sign that cost competition among gold ETFs is heating up after a price war in the much larger equities ETF sector slashed management fees.  Click here to read full stories.

May 07 - Australia's Port Hedland China iron ore exports rise 3 pct in April

Iron ore shipments to China from Australia's Port Hedland terminal in April rose 3.3 percent from a month earlier to 36.15 million tonnes, port data released on Monday showed. Iron ore shipments to China in March stood at 35 million tonnes. Click here to read full stories.

May 07 - Australia's Newcrest: Cadia mine to return to full production by mid-2018 

Australia's biggest gold miner Newcrest Mining Ltd said on Monday its expects its flagship Cadia mine to return to full production rates by the end of June. The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of Planning and Environment last month. Click here to read full stories.

May 07 - Qatar Petroleum says will list 49 pct of its shares in aluminium plant

State energy giant Qatar Petroleum said on Sunday that it will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering. The joint venture, in which Norway’s Norsk Hydro  owns 50 percent, is expected to be listed on the Qatar Exchange during the last quarter of this year after the necessary approvals. Click here to read full stories.

May 07 - Russia's NLMK says could close U.S. business due to tariffs

Russia's top steelmaker NLMK may be forced to close its U.S. division due to the impact on its business of tariffs introduced by the United States in March. NLMK has applied for an exemption from the tariffs, which the United States maintains are based on national security concerns, and expects a decision on the matter in June.  Click here to read full stories.

May 07 - Final death toll at South African gold mine rises to seven

Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday. A total of 13 miners had been trapped at the mine located in its Driefontein operations west of Johannesburg on Thursday after an earthquake caused a cave-in, in a country that is home to the world's deepest mines. Click here to read full stories.

May 07 - Speculators cut net long positions in COMEX gold, copper - CFTC

Hedge funds and money managers trimmed their net long positions in COMEX gold and copper contracts in the week to May 1, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also switched to a net short position in silver futures and options, the data showed. Click here to read full stories.

May 07 - Congo government makes no major concessions to major miners - draft

The government of the Democratic Republic of Congo has made no substantial concessions to major miners demanding changes to a new mining code they say will discourage investment, according to a draft document seen by Reuters on Friday. International mining companies including Glencore and Randgold at the end of March outlined a proposal that includes a sliding scale for royalty rates on commodities mined in Congo. Click here to read full stories.

May 04 - Stainless steel glut builds in China as Indonesia ups output 

An abundance of stainless steel in China following the ramp up of new production in Indonesia is threatening stainless mills globally and the nickel producers that supply them. Marking a major structural shift, China, which makes and consumes around half of the world's stainless, became a marginal net importer of hot-rolled stainless coil in December for the first time in more than seven years, data from the International Steel Statistics Bureau and from consultants CRU showed. Click here to read full stories.

May 04 - China to suspend checks on U.S. scrap metal shipments, halting imports 

The North American unit of a Chinese customs inspection firm said it would suspend checks on cargoes of scrap metal from the United States for a month from Friday, effectively halting all imports of U.S. scrap. The suspension comes amid a broad crackdown on pollution in China and stricter regulation around waste imports. It poses a serious headache for China's scrap buyers: the United States is a major source of scrap metal for China and top supplier of scrap copper. Click here to read full stories.

May 04 - Glencore's Congo mining conundrum 

Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. U.S. sanctions on Glencore's former Israeli partner in Congo have been a trigger for litigation. At the same time, relations with the Congolese authorities are under strain from a dispute with the government over a new mining code. Click here to read full stories.

May 04 - South Africa miners reach $400 mln silicosis settlement with mining companies 

South African gold producers agreed a 5 billion rand ($400 million) class action settlement on Thursday with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis, officials said on Thursday. The most far-reaching class action settlement ever reached in South Africa follows a long legal battle by miners to win compensation for illnesses they say they contracted over decades because of negligence in health and safety. Click here to read full stories.

May 04 - Climate resolution at Rio meeting heralds coming climate avalanche: Russell

It may not sound like a lot, but the 18 percent of Rio Tinto shareholders that voted in favour of a resolution that effectively called on the company to do more to address climate change have launched a snowball at the top of a large mountain. The vote at Rio's May 3 annual general meeting called upon the world's second-largest mining company to review its membership of the Minerals Council of Australia (MCA) and other lobby groups. Click here to read full stories.

May 04 - Ukraine's steel output falls 1 pct in Jan-April - producers 

Ukraine's steel production fell 1 percent in the first four months from a year earlier to 6.9 million tonnes, steel producers' union Ukrmetallurgprom said on Thursday. Steel is one of Ukraine's biggest exports but output fell last year after a 5.5 percent rise in 2016. Click here to read full stories.

May 04 - Death toll rises to four at South African gold mine 

Mine operator Sibanye-Stillwater said on Friday that 10 of 13 miners trapped underground at its South African gold mine were rescued but four of the 10 have died from their injuries. The miners were trapped by at the company's Masakhane mine west of Johannesburg on Thursday after an earthquake caused a cave-in. Click here to read full stories.

May 04 - Workers seek partner to buy and operate aging Peru smelter

Workers at Peru's La Oroya polymetallic smelter are in talks with more than two companies interested in partnering with them to restart operations at the nearly 100-year-old plant, a union leader said on Thursday. La Oroya had been operated by Doe Run Peru, a unit of the U.S.-based Renco Group, from 1997 until the company went bankrupt in 2009 and its assets were transferred to a group of former creditors. Click here to read full stories.

May 03 - China opens iron ore market to the world in pricing, image push

China opens trade in Dalian iron ore futures to foreign investors from Friday, aiming to boost its pricing clout for one of its top imports and hoping traders will take a market notorious for retail speculators more seriously. Iron ore is the second commodity China is opening to outside investors after launching crude oil futures in late March. Click here to read full stories.

May 03 - Gold demand posts weakest start to the year since 2008 - WGC

Gold demand posted its weakest start to the year in a decade, the World Gold Council said on Thursday, as prices of the metal stagnated and the threat of rising interest rates led investors to seek better returns elsewhere. Global gold demand totalled 973.5 tonnes in the January to March period, down 7 percent year on year and the weakest first quarter since 2008. Click here to read full stories.

May 03 - Rio Tinto's New Zealand aluminium smelter expands output

Rio Tinto's majority-owned aluminium smelter in New Zealand is expanding output after securing a new energy deal, the plant said this week, as a recovery in the price of the metal boosts interest among global producers. New Zealand Aluminium Smelter (NZAS), located at Tiwai Point on the southern tip of country's South Island, said on Tuesday it will restart a fourth potline that was mothballed six years ago after it secured a 50 megawatt contract for green energy from utility Meridian Energy. Click here to read full stories.

May 03 - U.S. cuts off Brazil tariff talks, adopts steel import quotas

Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks. Representatives for Brazil's industry decried U.S. negotiation tactics, which the head of the association for aluminum producers, Milton Rego, called "Al Capone-like." Click here to read full stories.

May 03 - Glencore expects trading profit at upper end of forecast range

Commodities trader and mining company Glencore  expects 2018 trading earnings before interest and tax to be in the top half of the $2.2 billion to $3.2 billion range previously announced, it said on Thursday after reporting first-quarter output in line with forecasts. It said production was broadly in line across all commodities and the ramp up at Katanga in Democratic Republic of Congo was going ahead, helping to take Glencore's own copper output to 345,000 tonnes, against 21,300 tonnes in the same period a year ago. Click here to read full stories.

May 03 - Mongolian Copper Corp considers international fight for Erdenet mine

Mongolian Copper Corporation (MCC) is considering international arbitration ahead of an expected government appeal against a court ruling the state's attempt to buy MCC's stake in one of Asia's biggest copper mines is illegal, the company said. The corporation has been fighting for more than a year to stave off the Mongolian government's push to gain full control of the Erdenet mine by buying MCC's 49 percent holding for about $400 million. Click here to read full stories.

May 03 - China bans new polluting projects in three cities - ministry

China has ordered three northern cities to stop approving new projects that would add to air pollution after they failed to meet air quality targets this past winter. The mayors of Handan in Hebei province and Jincheng and Yangquan in Shanxi province were given the orders after being summoned to a meeting at the Ministry of Ecology and Environment in Beijing on Thursday to account for their actions during a recent campaign against smog. Click here to read full stories.

May 03 - Brazil's Sigma Lithium to list in Toronto next week

Sigma Lithium Resources is set to list in Toronto next week, company executives said on Wednesday, as the Brazil-based lithium mine developer eyes a wave of demand for the metal used in rechargeable batteries for iPhones and electric cars. Sigma fell short of raising up to a planned C$30 million ($23.29 million) from investors, instead raising C$20 million. It blamed the shortfall on the timing of its financing in early February when the Dow Jones Industrial Average fell more than 10 percent in a week. Click here to read full stories.

May 03 - Chairman of En+ says working on reducing Deripaska's stake

The chairman of En+ Group said on Wednesday he was working on implementing a plan that En+ hopes will lead to the United States lifting sanctions on the company, the biggest shareholder in aluminium giant Rusal. Greg Barker welcomed a decision by the U.S. Treasury on Tuesday to give investors an extra month to divest or transfer their holdings in En+ Group and other sanctions targets.  Click here to read full stories.

May 03 - Vedanta considers building zinc smelter in South Africa

Vedanta Resources' Zinc International unit said it was exploring the feasibility of developing and constructing a smelter to process zinc mined from its flagship Gamsberg project in South Africa. The global mining conglomerate said in February it may accelerate expansion of its African zinc operations to take advantage of a surge in prices of the metal. Click here to read full stories.

May 02 - U.S. mulls quotas on steel, aluminum after extending deadline 

U.S. officials are pushing for quotas and "other restrictions" on steel and aluminum imports, a top trade official said on Tuesday after the White House announced a month-long extension of tariff exemptions for Canada, Mexico and the European Union. The decision to extend that deadline was welcomed by many of America's trading partners, but they continued to push for permanent exemptions. Click here to read full stories.

May 02 - U.S. extends deadline for divestiture of sanctions targets Rusal, En+ 

The U.S. Treasury on Tuesday gave investors an additional month to divest or transfer their holdings in sanctions targets United Company Rusal Plc, En+ Group Plc and GAZ Group. Washington last month imposed sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ and GAZ, in response to what the United States called Russia's "malign activities." Click here to read full stories.

May 02 - Brazil federal court upholds output cut at Norsk Hydro's Alunorte

A Brazilian federal judge on Tuesday upheld a state court decision handed down in February that forced Norsk Hydro ASA to cut output at a major alumina refinery, the latest blow for the Norwegian company's operations in Brazil. In February, a court in Pará, the northern state where the Alunorte refinery is located, ordered the refinery to reduce its output by 50 percent, following allegations by prosecutors of a waste spill at one of Alunorte's bauxite refuse deposits. Click here to read full stories.

May 02 - Australia's Mineral Resources says to sell minority stake in lithium project 

Mining services provider Mineral Resources Ltd on Tuesday said it was looking to sell a minority stake in its Wodgina Lithium mine in the west of Australia. The Australian company said in a statement that it was seeking partners to take up to 49 percent of the project in the Pilbara region, after receiving a number of unsolicited approaches from parties interested in a stake or in offtake agreements. Click here to read full stories.

May 02 - American industry hurt by steel wire rod imports - U.S. trade panel 

The U.S. International Trade Commission said on Tuesday that carbon and alloy steel wire rod imports from five countries were hurting U.S. producers, locking in duties of up to 147.63 percent on the products for five years. The ITC's final finding affects imports of carbon and certain alloy steel wire rod from Italy, South Korea, Spain, Turkey and Britain that the U.S. Commerce Department said in March were being dumped in the U.S. market. At that time, it had announced duties pending a final ITC decision. Click here to read full stories.

May 02 - Glencore wins temporary injunction against billionaire Dan Gertler - FT 

Glencore Plc has won a temporary injunction against Israeli billionaire Dan Gertler over alleged unpaid royalties he said he is owed by the company, the Financial Times reported on Tuesday. Last week, Glencore said its mining subsidiaries in the Democratic Republic of Congo were served freezing orders for alleged unpaid royalties of nearly $3 billion by a company affiliated with Gertler. Click here to read full stories.

May 02 - Australia corporate watchdog expands legal action against Rio Tinto, former executives 

Australia's corporate watchdog said on Tuesday it has expanded legal action against miner Rio Tinto and two former top executives, alleging a failure to recognise an impairment in its Mozambique coal assets in 2012 financial statements. The new allegations against former Chief Executive Tom Albanese and former Chief Financial Officer Guy Elliott come on top of claims the executives misled investors about the coal reserves in the 2011 annual report. Click here to read full stories.

Apr 30 - Rusal seeks sanctions relief via board changes, exports at risk if plan fails-sources 

Russian metals giant Rusal will overhaul its board and management in hopes of persuading the United States to lift sanctions but it may be forced to halt aluminium exports for good if the plan fails, sources close to the company said. Washington this month imposed sanctions on billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, in response to what the United States called Russia's "malign activities." Click here to read full stories.

Apr 30 - Aluminium market to rebalance, prices to hold steady - poll

Aluminium market deficits are set to deepen, but the market is likely to rebalance once the dust settles after U.S. sanctions on Russian producer Rusal, leaving prices little changed, a Reuters poll showed.  Prices on the London Metal Exchange soared by a third, lifting the metal to its highest in nearly seven years, after the United States imposed sanctions this month against billionaire Oleg Deripaska and his company Rusal, the world's No.2 aluminium producer.  Click here to read full stories.

Apr 30 - Up to 500,000 tonnes of alumina being exported from China as Rusal crisis bites

Multiple shipments of alumina are being exported from China, with major suppliers agreeing deals of up to 500,000 tonnes, in a rare move prompted by supply problems after U.S. sanctions on Russian producer Rusal. China is the biggest global producer and consumer of alumina, a compound extracted from bauxite ore that is smelted into aluminium metal. Click here to read full stories.

Apr 30 - Glencore's Congo mining businesses face $3 bln freezing orders 

Glencore's mining subsidiaries in the Democratic Republic of Congo have been served freezing orders for alleged unpaid royalties of nearly $3 billion by a company affiliated with Israeli billionaire Dan Gertler, Glencore said on Friday. Gertler, who is the subject of U.S. sanctions, is owed some royalties by Glencore, but the London-listed company disputes the amounts claimed. Click here to read full stories.

Apr 30 - Gold speculators cut net long position to weakest in 4 months - CFTC 

Hedge funds and money managers trimmed their net long position in COMEX gold contracts and switched to a net long position in silver contracts in the week to April 24, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also raised a net long position copper futures and options, the data showed. Click here to read full stories.

Apr 30 - China's Xuzhou shuts steel mills in pollution crackdown - sources

At least three steel mills in the Chinese city of Xuzhou, in the nation's No. 2 steelmaking province, have suspended operations amid local authority orders to shut plants until they meet tough anti-pollution rules, three industry sources said. Those three plants have combined a capacity to produce 4.25 million tonnes of steel a year, a third of the capacity in the city in the eastern province of Jiangsu. The status of other mills in Xuzhou remains unclear. Click here to read full stories.

Apr 30 - Kobe Steel posts first profit in three years despite data fraud scandal 

Kobe Steel Ltd, Japan's third-biggest steelmaker, on Friday posted its first annual profit in three years, even after admitting to falsifying quality data, a scandal that affected hundreds of customers and hit Japan's manufacturing prowess. Kobe Steel reported profit of 63.19 billion yen ($578 million) for the year ended March 31, against a loss of 23.05 billion yen a year earlier. Click here to read full stories.

Apr 30 - Galaxy hires JP Morgan to advise on Argentina lithium mine options

Australian lithium miner Galaxy Resources said on Monday it has appointed JP Morgan Australia to evaluate "strategic options" for its Sal de Vida lithium and potash project in Argentina. Galaxy earlier halted trading in its shares after a report in The Australian newspaper said the developer was looking to offload its stake in the large and high quality deposit to Chinese or Korean interests. Click here to read full stories.

Apr 30 - Britain looks to ancient mines for electric future 

Britain is banking on a series of ancient mines on its southwestern tip to secure a slice of the global electric car revolution. The English county of Cornwall and the surrounding area boast one of the world's largest tin deposits yet their centuries-old mines have lain abandoned since the 1990s when a collapse in prices for the metal made them unviable. Click here to read full stories.

Apr 30 - Guinea gives preliminary go-ahead for new bauxite project

Guinea's government said on Friday that it had approved plans to award a mining contract to a Netherlands-based company to develop a $1.4 billion bauxite mine and aluminium refinery. Guinea is Africa's top bauxite producer and output more than doubled last year to about 50 million tonnes on the back of investments by Alcoa, Rio Tinto Alcan and Dadco. Click here to read full stories.

Apr 27 - Vale eyes $1 bln in dividends each quarter this year

Vale SA, the world's top iron ore producer, expects iron ore prices no lower than $70 per tonne this year and will hand out $1 billion in dividends each quarter this year if conditions remain similar ahead, executives said on Thursday. The dividend policy "was constructed to work in any price scenario. That means this policy is here to stay," Chief Executive Officer Fabio Schvartsman said on a conference call, adding that a $1 billion dividend payout was already guaranteed for the second quarter. Click here to read full stories.

Apr 27 - U.S. sanctions on Rusal shatter aluminium's supply chain: Andy Home 

"Our industry is going to suffer from disruption, distortion and damage. April 2018 has not been a good month for aluminium globally." That was the view of Ron Knapp, secretary-general of the International Aluminium Institute (IAI), in his opening address to CRU's World Aluminium Conference in London. Click here to read full stories.

Apr 27 - Palladium eyes two record years, but rally seen topping out - poll

The rally in palladium, last year's star performer among precious metals, is tipped to lose steam in the years to come as appetite for the metal abates after its surge to record highs, a Reuters poll showed on Thursday. The poll of 28 analysts and traders conducted this month returned an average palladium price view of $1,039 an ounce for 2018, and of $1,040 for next year. Click here to read full stories.

Apr 27 - EU thinks conditions Trump setting to extend tariff exemption unacceptable-report 

The European Commission believes U.S. President Donald Trump is setting unacceptable conditions for the European Union to get a permanent exemption from steel and aluminium tariffs, a German newspaper reported on Thursday. The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminium in March on aluminium on grounds of national security, but it provided a temporary exemption until May 1 for the European Union. Click here to read full stories.

Apr 27 - Zinc, lead expected to be in deficit in 2018 - ILZSG

Global demand for refined zinc is expected to exceed supply by 263,000 tonnes, while lead is likely to be in a deficit of 17,000 tonnes this year, the International Lead and Zinc Study Group (ILZSG) said on Thursday. World demand for refined zinc is seen rising by 2 percent to 13.97 million tonnes in 2018 after remaining stable over the past three years, it said. Click here to read full stories.

Apr 27 - Kobe Steel posts first profit in three years despite data fraud scandal

Kobe Steel Ltd, Japan's third-biggest steelmaker, on Friday posted its first annual profit in three years, even after admitting to falsifying quality data, a scandal that affected hundreds of customers and hit Japan's manufacturing prowess. Kobe Steel reported profit of 63.19 billion yen ($578 million) for the year ended March 31, against a loss of 23.05 billion yen a year earlier. Click here to read full stories.

Apr 27 - China's Xuzhou shuts steel mills in pollution crackdown - sources

At least three steel mills in the Chinese city of Xuzhou, in the nation's No. 2 steelmaking province, have suspended operations amid local authority orders to shut plants until they meet tough anti-pollution rules, three industry sources said. Those three plants have combined a capacity to produce 4.25 million tonnes of steel a year, a third of the capacity in the city in the eastern province of Jiangsu. The status of other mills in Xuzhou remains unclear. Click here to read full stories.

Apr 27 - Newmont profit beats estimates on higher gold prices 

U.S. Gold miner Newmont Mining Corp reported a higher-than-expected quarterly profit on Thursday as gold prices got a boost from investors turning to safe haven assets due to recent geopolitical tensions. Gold hit $1,366 in January, its highest in 1-1/2 years, lifting Newmont's average realized prices of the commodity by 8.8 percent to $1,326 per ounce. Click here to read full stories.

Apr 27 - France's ERAMET bids $218 mln for Australia's Mineral Deposits 

France's ERAME said on Friday it will make an all-cash takeover bid for Australia's Mineral Deposits Ltd at A$1.46 a share, valuing the company at about A$288 million ($218 million). ERAMET said the offer, pitched at a 26 percent premium to Mineral Deposits' closing price on Thursday, would enable the full consolidation of the TiZir joint venture, in which each company has a 50 percent stake. Click here to read full stories.

Apr 27 - Chile copper mine Escondida says no early wage agreement reached

Chile's Escondida, the world's largest copper mine, said on Thursday that early contract talks with its workers' union ended without an agreement, setting the stage for legally scheduled negotiations to begin in June. The union representing workers at the mine, which is controlled by BHP told Reuters this week that it was "highly probable" that an agreement for a new contract would not be reached in the preliminary talks. Click here to read full stories.

Apr 26 - Brazil's Vale 1st-qtr profit slumps by a third on price slide

Vale SA, the world's largest iron ore producer, posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier, missing estimates, as iron ore prices slipped despite record sales, results showed Wednesday. In a securities filing, Brazil's Vale said quarterly net income totaled $1.59 billion, below a consensus estimate of $1.926 billion and the $2.49 billion reached a year ago. Click here to read full stories.

Apr 26 - Russia, betting on EU Trump talks, keeps powder dry in Rusal row for now 

Moscow is holding off on taking retaliatory measures against the United States for imposing sanctions on Rusal, hoping the EU can persuade Washington to ease restrictions against the world's second largest aluminium producer further, sources told Reuters. The United States on Monday gave American customers of Rusal more time to comply with the U.S. sanctions imposed earlier this month after some European capitals lobbied for them to be eased, triggering a 43-percent jump in Rusal's Hong-Kong listed shares. Click here to read full storie

Apr 26 - Global steel output rose 4 percent in March as China, U.S. produce more - worldsteel

Global crude steel production rose four percent in March as mills in top producer China ramped up output after winter restrictions were lifted and as U.S. producers took advantage of import tariffs to churn out more metal. The steel industry, worth about $900 billion a year, is seen as a gauge of the world's economic health. Click here to read full stories.

Apr 26 - China's coking coal imports are starting to rebound: Russell 

China's imports of coking coal staged a strong comeback in March after a weak start to the year, and may be poised for further strength as steel output rises. Imports of coking coal, used to make steel, jumped to 4.02 million tonnes in March, up 38 percent from the 2.91 million tonnes recorded in February, according to customs data released on April 24.  Click here to read full stories.

Apr 26 - Nickel demand to rise to 2.34 mln tonnes in 2018 - INSG 

Global demand for nickel is expected to increase to 2.34 million tonnes in 2018 versus 2.19 million in 2017, the International Nickel Study Group (INSG) said on Wednesday. At the same time, global output of nickel is expected to increase to 2.23 million tonnes in 2018 versus 2.08 million in 2017, the Lisbon-based group said. Click here to read full stories.

Apr 26 - Nippon Steel annual profit jumps 71 pct on higher product prices

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, on Thursday posted a 71 percent jump in annual profit, led by healthy demand at home and higher prices of steel products, but it gave no forecast for the year just started. The solid performance comes despite lingering worries over global trade after the United States put import duties on steel, and follows a data cheating scandal at smaller peer Kobe Steel Ltd, which undermined Japan's reputation for manufacturing excellence. Click here to read full stories.

Apr 26 - Canada sees progress on NAFTA auto rules; steel tariffs loom  

Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into force next week clouded the mood. Freeland, U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso Guajardo met for a second straight day in a push to seal a quick deal on revamping the North American Free Trade Agreement. Click here to read full stories.

Apr 26 - Australian gold miner Newcrest cuts full-year production forecast on Cadia outage 

Australia's biggest gold miner Newcrest Mining Ltd on Thursday reported a fall in third-quarter output and cut its full year production forecast for gold and copper. Newcrest said it expects production of 2.25 million to 2.35 million ounces of gold for the full-year ending June 30, down from 2.4 million to 2.7 million ounces previously, mainly due to damage to a tailings dam wall at its flagship Cadia mine. Click here to read full stories.

Apr 26 - Canada's First Cobalt eager for more after U.S. Cobalt buy 

Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said. Expectations of soaring demand for cobalt because of its use in electric vehicles has inspired a hunt for the mineral across the globe. Click here to read full stories.

Apr 26 - Iran finalising 2 bln euros of foreign mine investment

Iran is finalising about 2 billion euros of investment from Europe in copper and steel projects despite threatened new U.S. sanctions, a government official said on Wednesday. Early talks are also under way with Swiss investors to develop Mehdiabad, one of the world's largest zinc deposits, Mehdi Karbasian, deputy minister of industry, mining and trade, told Reuters. Click here to read full stories.

Apr 25 - Freeport slides on Indonesia environment demands, weaker outlook

Shares of Freeport-McMoRan Inc fell more than 14 percent on Tuesday after the miner revealed onerous environmental demands from Indonesia's government that could delay a new contract for its massive Grasberg copper mine. The world's biggest listed copper miner also lowered its copper sales forecast for the year while raising its outlook for costs, and reported a weaker-than-expected quarterly profit. Click here to read full stories.

Apr 25 - Philippines' Global Ferronickel says mining curbs may hit output

The Philippines' second-biggest nickel miner, Global Ferronickel Holdings Inc, said planned government curbs on mining may hit its long-term output and would force it to make adjustments to meet its 2018 shipment goals. Manila wants to restrict the amount of land that miners can extract mineral deposits from at any given point in a bid to boost environmental rehabilitation, according to a draft government order. Click here to read full stories.

Apr 25 - China's Guangdong province plans special emission curbs on steel, petchem 

China's southeastern manufacturing hub of Guangdong is planning to impose tougher emission curbs on its steel, petrochemical and cement firms starting from June as it bids to meet state air quality standards, the local environment bureau said. The Guangdong Environmental Protection Bureau said on Tuesday that industrial emissions curbs will be extended to the entire province as it aims to bring average concentrations of hazardous, breathable particles known as PM2.5 to around 30 micrograms per cubic metre by 2020. Click here to read full stories.

Apr 25 - Congo's state miner seeks to dissolve Glencore venture over debts

Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years. Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion. It said the commodities group charged the venture interest rates on loans that were too high. Click here to read full stories.

Apr 25 - U.S. aluminium trade group calls on Trump to avoid quotas 

A U.S. aluminium trade group said U.S. manufacturers rely on foreign metal and called on the U.S. government to avoid quotas on nations exempted from tariffs on aluminium imports. U.S. President Donald Trump last month announced a 10 percent tariff on aluminium imports to counter what he has described as unfair international competition, but granted temporary exemptions to Canada, Mexico and other allies. Click here to read full stories.

Apr 25 - Antofagasta first quarter copper output down 10.5 pct

Chilean-focused Antofagasta said first quarter copper production fell by 10.5 percent to 153,800 tonnes compared with the same quarter a year ago, mainly because of lower quality ore, but kept full-year output guidance unchanged. The issue of ore quality in mature copper regions, especially Chile, the largest copper producing country, has been widely flagged. Click here to read full stories.

Apr 25 - Kobe Steel says under investigation over data tampering scandal

Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan's industrial sector last year. In a statement, Kobe Steel said that "investigating authorities" were conducting an inquiry, without elaborating on who was carrying out the probe or what was being investigated, and that it is cooperating with the investigation. Click here to read full stories.

Apr 25 - Aluminium maker Hydro to miss cost target amid Brazil woes

Norwegian aluminium-maker Norsk Hydro will miss its 2018 cost-cutting target as its troubled Brazilian operation continues to work at reduced capacity following a spill in February from a major plant, it said on Wednesday. A regulatory order to cut output from Hydro's Alunorte, the world's largest alumina refinery, also triggered cutbacks at the firm's nearby Albras aluminium plant and a scramble among other factories and customers for supplies. Click here to read full stories.

Apr 25 - Union at BHP's Escondida copper mine in Chile says no advance deal likely 

The union of workers at BHP's Escondida copper mine in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June. The union accepted an offer to begin early negotiations with the Anglo-Australian miner in March in an effort to avoid another strike at the northern Chile mine. Failure to reach a labor deal caused a 44-day strike at the mine last year, joltingthe global copper market. Click here to read full stories.

Apr 25 - Silver price could increase in 2018 on safe-haven demand - CPM 

The price of silver will depend heavily on trends in investment demand in 2018, but could get a boost from international political and economic risk purchases, CPM Group said on Tuesday. "The enormous range of economic, financial and political issues facing the world and individual investors seems more likely to lead to a rekindling of silver demand from investors," New York-based CPM Group said in its Silver Yearbook 2018. Click here to read full stories.

Apr 24 - U.S. extends deadline for Rusal sanctions, aluminum prices dive  

The United States on Monday gave American customers of Russia's biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company Rusal Plc's major shareholder, Russian tycoon Oleg Deripaska, ceded control of the company. Aluminum prices on the London Metal Exchange tumbled 8.7 percent on the U.S. Treasury Department announcement, which gives Rusal longer to sell off large quantities of aluminum it had been stockpiling in the wake of sanctions.  Click here to read full stories.

Apr 24 - Australia's Fortescue Q3 iron ore shipments, prices fall 

Iron ore producer Fortescue Metals on Tuesday reported a 2 percent fall in its fiscal third-quarter iron ore shipments on reduced demand in China, while also flagging an increase in costs, disappointing analyst expectations. Fortescue said it shipped 38.7 million tonnes in the March quarter compared with 39.6 million tonnes a year ago due to lower demand in what is seasonally the weakest quarter for supply because of weather disruptions. The miner maintained its fiscal 2018 shipment guidance at 170 million tonnes. Click here to read full stories.

Apr 24 - Inside Deripaska's scramble to soften Russia sanctions blow

In December, as news reports emerged about potential new U.S. sanctions against Russia, aluminium magnate Oleg Deripaska instructed advisers to draw up contingency plans, according to people close to the businessman and his firms. Senior executives, lawyers and aides working for the Russian tycoon met almost weekly to develop a game plan for different sanctions scenarios, the people said. Click here to read full stories.

Apr 24 - EU seeks to join U.S.-China steel dispute at WTO 

The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminium, just over a week before U.S. President Trump decides whether they should apply to Europe. The U.S. administration has set duties of 25 percent on steel and 10 percent on aluminium on grounds of national security, but provided a temporary exemption until May 1 for the European Union. Click here to read full stories.

Apr 24 - Anglo American's Minas-Rio in Brazil to ramp up in Q4 after leaks 

Anglo American on Tuesday said it expected iron ore operations at Minas-Rio in Brazil, closed because of pipeline leaks, to ramp up only in the fourth quarter of 2018, causing a $300-400 million hit to group earnings (EBITDA) for the year. Overall the company reported a 4 percent increase in total production on a copper equivalent basis in the first quarter of 2018, compared with the same period of 2017, citing improved efficiency. Click here to read full stories.

Apr 24 - Australia's New Century to supply zinc concentrate to Concord 

New Century Resources has signed a deal to supply zinc to global trader Concord Resources Ltd, as it pushes to sell the final portion of production planned at its site in northern Australia, the company said on Tuesday. In the miner's fifth supply deal, Concord will take approximately 5 percent of production when it begins in the third quarter at the Century Zinc Mine in the state of Queensland. Click here to read full stories.

Apr 24 - Barrick Gold says focus on growth after deep debt cuts 

Barrick Gold Corp said on Monday it was done selling assets to cut debt and would instead use funds from future sales for growth or to pay dividends, as it looks set to lose its rank as the world's biggest gold producer due to declining production. Toronto-based Barrick, which reported better-than-expected adjusted earnings, said its focus would increasingly be on growth from its own projects and operations in Nevada and the Dominican Republic. Click here to read full stories.

Apr 24 - Chile's Copec to buy stake in copper project in Peru 

Chilean industrial conglomerate Empresas Copec SA said on Monday it had reached an agreement with Peru's Minsur S.A. to buy a 40 percent stake in a holding company that owns a Peruvian copper mine project for $168.5 million. Minsur will retain 60 percent ownership in Cumbres Andinas S.A., the company that controls the Mina Justa project, Santiago-based Copec said in a filing with Chile's financial regulator. Click here to read full stories.

Apr 24 - Shares in cobalt miner Katanga halve on legal threat in Congo

Shares in Glencore-owned Katanga Mining Ltd lost half of their value on Monday and cobalt markets were on alert after the company said the Democratic Republic of Congo's (DRC) state-owned mining company had taken steps to dissolve its local copper and cobalt unit. Katanga, which is 86 percent owned by global miner Glencore Plc, is ramping up production in the DRC that could see it become the world's biggest producer of cobalt, a critical ingredient in batteries for iPhones and electric cars. Click here to read full stories.

Apr 24 - LME plans nickel closing price experiment 

The London Metal Exchange (LME) is planning to move end-of-day pricing of the benchmark three-month nickel contract from open outcry to its electronic trading platform for a trial period, LME chief Matt Chamberlain said on Monday. The temporary move is designed to test the practicality of electronic pricing after some LME members asked the exchange to consider closing the ring, one of the world's last open-outcry trading venues, Chamberlain said. Click here to read full stories.

Apr 23 - After crackdown, Philippines plans fresh mining curbs

The Philippines is planning to limit the amount of land that miners can develop at any one time to boost environmental rehabilitation, a move that miners say may cut output of nickel ore in last year's top supplier to China. The new curbs, contained in a draft government order reviewed by Reuters and confirmed by senior officials, follow a crackdown last year that has left more than half the country's mines facing suspension or closure due to environmental breaches. Click here to read full stories.

Apr 23 - Sanctions fever grips nickel as market rethinks Russia risk: Home 

Sanctions fever has spread to nickel. With Russian aluminium producer Rusal  imploding in the wake of U.S. sanctions against its oligarch owner Oleg Deripaska, attention is now turning to the status of another Russian industrial powerhouse, Norilsk Nickel. Deripaska is a 27.8 percent shareholder in Norilsk, while the oligarch behind the world's number two nickel producer, Vladimir Potanin, is himself on a U.S. Treasury Department list of Russians deemed to be close to the Kremlin. Click here to read full stories.

Apr 23 - Sanctions-hit Russian firms ask government for $1.6 bln in liquidity - Interfax 

Russian companies hit by U.S. sanctions, including aluminium giant Rusal, have asked for 100 billion roubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by Interfax news agency as saying on Friday. The United States on April 6 imposed sanctions against several Russian entities and individuals, including Rusal and its major shareholder Oleg Deripaska, to punish Moscow for its suspected meddling in the 2016 U.S. election and other alleged "malign activity."  Click here to read full stories.

Apr 23 - EU needs 'full' exemption from U.S. tariffs -France's Le Maire 

The European Union needs to be exempted from steel and aluminum tariffs announced by the United States in order to work with Washington on trade with China, France's Finance Minister Bruno Le Maire said on Friday. "We are close allies between the EU and the United States. We cannot live with full confidence with the risk of being hit by those measures and by those new tariffs. We cannot live with a kind of sword of Damocles hanging over our heads," Le Maire told a press conference during the International Monetary Fund and World Bank spring meetings. Click here to read full stories.

Apr 23 - Australia's Newcrest says Cadia open pit approved for tailings storage

Australia's biggest gold miner Newcrest Mining said on Monday it has been approved to use the first 200 metres of its Cadia Hill mine's open pit as a tailings storage facility after its flagship mine restarted processing earlier this month. The permit from the New South Wales Department of Planning and Environment would create enough storage capacity to enable the mine to return to full production rates for about 16 months, the miner said in a statement. Click here to read full stories.

Apr 23 - Speculators raise net long positions in COMEX gold, copper - CFTC

Hedge funds and money managers raised their net long positions in COMEX gold and copper contracts in the week to April 17, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also trimmed a net short position in silver futures and options, the data showed. Click here to read full stories.

Apr 23 - ArcelorMittal to gain EU approval for Ilva acquisition - sources 

ArcelorMittal, the world's largest steelmaker, is on track to win EU antitrust clearance to acquire Italian peer Ilva after agreeing to sell a number of significant assets across Europe, two people familiar with the matter said on Friday. ArcelorMittal has offered to sell its only galvanised steel plant in Italy, as well as units in Romania, Macedonia, the Czech Republic, Luxembourg and in Belgium. Click here to read full stories.

Apr 23 - Mining firms from China to Canada watch as Greenland holds election 

With melting ice expanding access to the Arctic, investors from China to Canada are watching Greenland's election for signs of the political will to get a flagging mining programme on the island back on track. Greenland is hoping rising commodity prices can help attract foreign investment and get its fragile economy up to speed to realise a long-term goal of independence from Denmark. Click here to read full stories.

Apr 23 - Ship firm Oldendorff halting Guyana operation due to Rusal crisis 

German shipping group Oldendorff Carriers is stopping its business in Guyana, the company said on Friday, after the United States blacklisted Russian aluminium producer Rusal, which has a plant in the South American country. The United States on April 6 imposed sanctions against Russian entities and individuals to punish Moscow for its alleged meddling in the 2016 U.S. election and what the U.S. Treasury Department dubbed other "malign activity". Click here to read full stories.

Apr 23 - Gold miner Caledonia plans Zimbabwe expansion 

Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules. Keen to attract investment to revitalise the country's struggling mining industry and economy, Zimbabwe has revised its laws since the departure of former President Robert Mugabe to allow foreign firms to fully own operations, with the exception of diamond and platinum mines. Click here to read full stories.

Apr 20 - Unsold aluminium piling up at sanctions-hit Rusal factory 

Russian aluminium giant Rusal is stockpiling large quantities of aluminium at one of its plants in Siberia because U.S. sanctions imposed this month have prevented it from selling the metal to customers, five sources close to the company said. With the firm's own storage space filling up with unsold aluminium, Rusal executives in Sayanogorsk, in southern Siberia, have had to rent out additional space to accommodate the surplus stock, one of the sources told Reuters. 

Click here to read full stories.

Apr 20 - Bolivia nearing deal on partner to develop lithium - minister 

Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany. The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal, coveted by makers of batteries for devices from laptops to electric cars. Click here to read full stories.

Apr 20 - Gold production resumes at two Randgold mines in Mali after strikes - union 

Work has resumed at two gold mines operated by Randgold Resources in Mali, after strikes that halted production since Wednesday, a senior union official told Reuters. The strike at the Loulo and Gounkoto mines was related to the payment of bonuses, but an agreement was reached on Thursday, said Mamadou N'Daou, the administrative secretary of the industry and mines union SECNAMI. Click here to read full stories.

Apr 20 - Banks assess Rusal options as secondary prices fall 

Lenders to Rusal are exploring how to get rid of their exposure to Russian aluminium company before a May deadline set by the US, as the fallout from fresh sanctions pulls Russian loan pricing lower in Europe’s secondary market. In addition to a ban on lending to sanctioned entities, the US Treasury has given banks until May 7 to divest or transfer debt, equity, or other holdings in Rusal, energy firm EN+, and vehicle maker GAZ. Click here to read full stories.

Apr 20 - Kazakhstan seeks new alumina markets amid Rusal's troubles 

Kazakhstan is looking to open up new markets for its alumina exports, concerned U.S. sanctions on Russian aluminium giant Rusal could hit business and jobs. Eurasian Resources Group (ERG), a company part-owned by the Kazakh government, produces 1.5 million tonnes a year of alumina, which is used to make aluminium, selling two-thirds to Rusal. Click here to read full stories.

Apr 20 - Nucor beats profit estimates, backs Trump tariffs 

Nucor Corp's quarterly profit topped Wall Street estimates, and the No. 1 U.S. steelmaker by market value forecast a better second-quarter while praising the U.S. government's move to impose tariffs on imported steel. The results come nearly a month after U.S President Donald Trump announced his plan to impose hefty tariffs on imported steel and aluminum to protect American steel and aluminum makers from foreign competition. Click here to read full stories.

Apr 20 - DeBeers rolls out app to clean up Sierra Leone diamond supply chain 

Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the Anglo American unit said on Thursday. The initiative is the latest attempt by the industry to clean up its image and expunge the scourge of "blood diamonds" blamed for financing conflict, chaos and criminality in poor African countries, such as Sierra Leone and Liberia. Click here to read full stories.

Apr 19 - Soaring U.S. aluminium prices to diverge from LME after Rusal sanctions 

Aluminium prices in the United States have soared and are expected to diverge from those traded on the London Metal Exchange after the U.S. Treasury Department imposed sanctions on Russian producer Rusal. This is because large amounts of Rusal's metal produced before sanctions were imposed on April 6 are expected to be warranted for delivery against the LME's aluminium contract, a move expected to result in sliding or stagnating prices. Click here to read full stories.

Apr 19 - U.S. customers scramble to replace Rusal metal after sanctions

U.S. customers of Rusal are scrambling to figure out how to replace supply from the Russian company after U.S. sanctions on the world's second-largest aluminum producer caused prices to spike to a seven-year high, the companies and metals analysts said. Morgan Stanley estimates Rusal supplied approximately 9 percent of U.S. aluminum imports in 2017.  Click here to read full stories.

Apr 19 - BHP 3rd-quarter iron ore output up 8 pct, cuts forecast 

BHP Billiton Ltd said on Thursday its third quarter iron ore production rose 8 percent, but cut its 2018 fiscal year iron ore output guidance citing issues in its railroad cars unloading system.  BHP's iron ore output rose to 67 million tonnes during the three months ended March 31, compared with 62 million tonnes a year ago. Click here to read full stories.

Apr 19 - Earnings of Alcoa, steel makers in focus for insight on tariff impact 

Shares of Alcoa, Steel Dynamics and Nucor have risen this week, ahead of earnings and boosted by higher commodity prices following sanctions on Russia's UC Rusal and U.S. tariffs on imported steel and aluminum, and investors are keen for more details on the impact of these political measures. Alcoa, due to report after the closing bell on Wednesday, was up 4.9 percent on the day and up nearly 9 percent for the week so far. It rose 14.4 percent last week, when U.S. sanctions on Rusal, the world's second-biggest aluminum producer, sharply drove up aluminum prices. Click here to read full stories.

Apr 19 - China bans imports of 16 more scrap, waste products from end-2018 - ministry 

China will ban the imports of 16 more scrap metal and chemical waste products from the end of this year, the environment ministry said on Thursday. The 16 banned products include steel smelting slag containing more than 25 percent of the metal manganese, and ethylene polymer waste, the Ministry of Ecology and Environment (MEE) said in a document published on its website. Click here to read full stories.

Apr 19 - Australia's South32 sees brighter manganese outlook, shares soar 

Australia's South32 Ltd, the world No. 1 manganese producer, on Thursday raised its output guidance for the steelmaking ingredient amid strong demand and high prices related to U.S. sanctions against Russia, sending its shares to an all-time high. The company, spun off from mining giant BHP Billiton Ltd in 2015, said Australian manganese output rose nearly a sixth in the three months to end-March, while South African output dipped 5 percent in the same period. Click here to read full stories.

Apr 19 - China, the highly problematic saviour of the global aluminium market? Andy Home 

The shocks from the imposition of U.S. sanctions on Oleg Deripaska and his UC Rusal aluminium empire are still rolling through the market. After Rio Tinto last week flagged it was declaring force majeure on some raw material contracts, it warned today of potential "adjustments" to its aluminium guidance this year due to the sanctions.  Click here to read full stories.

Apr 19 - Peru will not 'impose' mining projects on communities - prime minister 

The government of new Peruvian President Martin Vizcarra said on Wednesday it would not "impose" mining projects on nearby communities that object to them, but would seek to promote mining investments to take advantage of improved mineral prices. In the past decade, Southern Copper Corp and Newmont Mining Corp have shelved proposed mines in Peru because of opposition from communities worried about the environmental impact - one of the biggest hurdles to building mines in the world's No. 2 copper producer. Click here to read full stories.

Apr 19 - Global nickel market deficit narrows in February - INSG 

The global nickel market deficit narrowed to 2,500 tonnes in February from a revised deficit of 15,800 tonnes in the previous month, the International Nickel Study Group said on Wednesday. During the first two months of the year, the deficit widened to 18,300 tonnes from 12,400 tonnes in the same period of 2017, the data showed. Click here to read full stories.

Apr 19 - Chile's SQM says lithium industry needs at least $10 bln investment over 10 yrs

The global lithium industry will need $10 billion-$12 billion of investment over the next decade to meet surging demand amid the electric vehicle boom, an executive of Chilean miner SQM said on Wednesday. Demand for the metal is set to grow by 600,000-800,000 tonnes of lithium carbonate equivalent over the next 10 years, Daniel Jimenez, senior commercial vice president at SQM, said. Click here to read full stories.

Apr 18 - U.S. Commerce Dept finds aluminum sheet imports from China subsidized 

The U.S. Commerce Department said on Tuesday it has made a preliminary determination that common alloy aluminum sheet imports from China are being subsidized, and set countervailing duties of up to 113 percent. Imports of common alloy aluminum sheet from China were valued at an estimated $600 million in 2016, the department said in a statement. Click here to read full stories.

Apr 18 - Rusal slashes export shipments as sanctions hit -logistics firms 

Russian aluminium giant Rusal has stopped placing orders with two logistics firms that ship its exports, executives with the firms said on Tuesday, in a sign of deepening problems for the company after it was hit by U.S. sanctions. Rusal and its major shareholder Oleg Deripaska were included on a U.S. sanctions blacklist this month, leading to anxiety among many of its customers, suppliers and creditors who fear they too could be hit by sanctions through association with the company. Click here to read full stories.

Apr 18 - Rio Tinto flags changes to 2018 aluminium output after U.S. sanctions 

Global miner Rio Tinto on Wednesday flagged possible changes to its 2018 aluminium output following U.S. sanctions on its Russian partner Rusal earlier this month. Rio, which reported a 5 percent rise in first-quarter iron ore shipments in the March quarter, has declared force majeure on some customer contracts after U.S. sanctions on UC Rusal, the world's second biggest aluminum producer.  Click here to read full stories.

Apr 18 - Nornickel exec says in talks with battery makers on investments, cooperation 

Russia's Norilsk Nickel, or Nornickel, is in talks with battery makers over possible investment in its mining assets, but is also interested in downstream joint ventures in return, a company executive said on Wednesday. "We might be interested in having some deeper cooperation, say on the battery side, and building a more complete value chain," Anton Berlin told Reuters in an interview on the sidelines of a battery materials conference in Shanghai. Click here to read full stories.

Apr 18 - China's Beijing Easpring looks for more cobalt, nickel offtake deals 

China's Beijing Easpring Material Technology Co Ltd is looking for additional nickel and cobalt offtake agreements to sustain growth in cathode materials production for electric vehicle batteries, its general manager said on Wednesday. "We are also looking for other partners to ensure supply of nickel and cobalt," Li Jianzhong said at a business forum in Shanghai, when asked if the company had appetite for more supply beyond the offtake deal it signed with Australia's Clean Teq Holdings Ltd last year. Click here to read full stories.

Apr 18 - CEO of S.Korean steelmaker POSCO to step down early 

The chief executive of South Korean steelmaker POSCO will step down before his term ends in 2020 as he is keen for a younger person to lead the firm, the company said on Wednesday. Kwon Oh-joon, 69, offered his resignation at an emergency board meeting, but will stay in the post until the company appoints a new chief, a spokesman said. Click here to read full stories.

Apr 18 - Worldsteel raises forecast for 2018 global steel demand growth to 1.8 pct  

Global steel demand will grow 1.8 percent this year and 0.7 percent next year, driven by favourable world economic momentum, though the market faces risks from rising trade tensions, the World Steel Association (worldsteel) said on Tuesday. In 2018, global steel demand will reach 1.616 billion tonnes, while in 2019, it will hit 1.627 billion, the worldsteel said. The association previously forecast growth of 1.6 percent this year. Click here to read full stories.

Apr 17 - Russia, Brazil woes could lead to aluminum supply shortage - Hydro CEO

The global aluminum market could face supply shortages because of U.S. sanctions on Russia and Norsk Hydro's production cuts in Brazil, Hydro's chief executive told Reuters on Monday. Industries ranging from automakers to soda-can producers are worrying over deliveries and sharp price hikes, Svein Richard Brandtzaeg said in an interview. Click here to read full stories.

Apr 17 - Rusal sanctions shockwaves slam into aluminum market: Andy Home

The aluminum market has never experienced anything like it. Since the United States imposed sanctions on Russian oligarch Oleg Deripaska and United Company Rusal on April 6, aluminum has been in turmoil. Click here to read full stories.

Apr 17 - After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Two leaks in a month, a 90-day outage and $58 million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron ore mine in Brazil. Purchased at the height of the commodities boom a decade ago for $5.5 billion, Anglo American was once counting on Minas-Rio to produce 26.5 million tonnes of iron ore by 2016. The mine's strength is its high-grade iron ore that commands a premium as the world's biggest commodity consumer China seeks to cut pollution. Click here to read full stories.

Apr 17 - EU demands compensation for U.S. steel tariffs at WTO

The European Union is seeking compensation from the United States for U.S. tariffs on steel and aluminium, despite Washington's assertion that they are not subject to World Trade Organization rules, a WTO filing showed on Monday. In a step already taken by China, the EU said it did not accept the "national security" justification for the U.S. tariffs but said they had been imposed just to protect U.S. industry. Click here to read full stories.

Apr 17 - Vedanta names South African miner AngloGold Ashanti's CEO to top job

Diversified miner Vedanta Resources Plc on Monday named South African miner AngloGold Ashanti Ltd's Srinivasan Venkatakrishnan as chief executive officer. Venkatakrishnan's appointment comes as a rebound in metals prices has prompted the miner to expand production of zinc and aluminium, enabling it to continue its recovery after being particularly hard hit by the commodities slump that ended in 2016. Click here to read full stories.

Apr 17 - Russia's Severstal Q1 core earnings up 22 pct y/y, beating forecast

Russia's Severstal, one of the country's largest steelmakers, said on Tuesday its core earnings rose 22 percent year-on-year in the first three months of 2018 due to higher steel prices, beating analysts' forecasts. Severstal said its earnings before interest, taxation, depreciation and amortization (EBITDA) totaled $706 million, up from $578 million in the same period a year ago. Analysts polled by Reuters had forecast an EBITDA of $696 million. Click here to read full stories.

Apr 17 - Australia's OZ Minerals to employ Downer development of underground South Australia mine

Australian copper miner OZ Minerals on Monday said it has awarded rail infrastructure company Downer EDI with the contract for the next phase of its Carrapateena underground mine development in South Australia. The near six-year contract at the copper-gold mine is valued at A$660 million ($513.61 million), OZ said in statement, adding that the contract would be effective from 1 July 2018. Click here to read full stories.

Apr 17 - Anglo Asian's Azerbaijan gold output up 49 pct yr/yr in Q1

Azerbaijan's top gold producer, Anglo Asian Mining, said on Monday it had increased its gold production by 49 percent year-on-year in the first quarter of 2018 to 16,479 ounces from 11,078 ounces in the same period last year. The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO. Click here to read full stories.

Apr 16 - Trade war backfire: Steel tariff shrapnel hits U.S. farmers 

Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month - after the seller raised the price 5 percent in a day. The reason: steel prices jumped right after U.S. President Donald Trump announced tariffs. Click here to read full stories.

Apr 16 - China's Q1 imports of major commodities lose some momentum: Russell  

China's imports of major commodities may be losing some of their strong growth momentum, with gains in the first quarter of this year failing to keep pace with those from the same period in 2017. At first glance, China's imports of crude oil, iron ore, coal and copper looked to have bounced back in March after a poor showing in February. Click here to read full stories.

Apr 16 - Speculators raise net long positions in COMEX gold, copper -CFTC 

Hedge funds and money managers raised their net long positions in COMEX gold and copper contracts in the week to April 10, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also trimmed a net short position in silver futures and options, the data showed. Click here to read full stories.

Apr 16 - Rio to call force majeure on some Rusal-linked contracts 

Rio Tinto said it will declare force majeure on certain customer contracts after the U.S. imposed sanctions on its partner Russian aluminium producer Rusal. The mining group said on Friday it was working with its customers to minimise disruptions to supply and would fully comply with U.S. sanctions. Click here to read full stories.

Apr 13 - Goldman expects sanctions to keep aluminium prices high, sees oil hitting $72 

Aluminium prices are expected to remain high and volatile until June because of sanctions on Russia's Rusal, while tensions in the Middle East are likely to push oil prices to $72 a barrel, Goldman Sachs said on Thursday.The bank reinforced its "overweight" view on commodities, with a forecast return of 10 percent over the next 12 months. Click here to read full stories.

Apr 13 - China's March aluminium exports rise to highest since June as tariff impact limited 

China's aluminium exports hit their highest in nine months in March as strong international prices led the world's biggest producer to sell more abroad, despite a growing trade spat with the United States.The impact of a new U.S. import tariff was limited as it only took effect from March 23, traders and analysts said, while China's exports could rise further in coming months as U.S. sanctions on Russia's United Company Rusal upend international trade flows. Click here to read full stories.

Apr 13 - 'Urban mining' in S.Korea pulls rare battery materials from recycled tech 

Workers at a rural South Korean factory are busy extracting some of the world's most coveted metals, used in the batteries that power electric cars.But they're not digging in the ground or refining ore. Instead, they are sorting through a pile of lithium-ion batteries from old mobile phones and laptops. Click here to read full stories.

Apr 13 - World 2017 physical silver demand at 5-year low - GFMS 

Global silver physical demand dropped to its lowest level in five years during 2017, led largely by a steep decline in coin and bar demand, even as industrial demand increased, according to Thomson Reuters GFMS.World 2017 silver physical demand fell 2.3 percent to 1.02 billion ounces, the lowest amount since 2012, as coin and bar demand dropped 27 percent, driven by strong global equities and alternative investments, said Johann Wiebe, GFMS senior metals analyst on Thursday. Click here to read full stories.

Apr 13 - U.S. eyes import quotas in Brazil steel tariff talks - sources 

The U.S. government has proposed a quota for tariff-free imports of Brazilian steel, two Brazilian officials who participated in a U.S.-Brazil meeting told Reuters on Thursday, offering to soften trade barriers after tough talk last month.The quotas would be calculated based on the current amount of steel exports to the United States, the sources said, asking for anonymity because the matter is not yet public. Click here to read full stories.

Apr 13 - Thyssenkrupp, Tata Steel delay signing of steel joint venture 

A steel joint venture between Thyssenkrupp  and Tata Steel will be delayed by ongoing talks between the Indian group and its British and Dutch workers, the German company said on Thursday.Unlike Thyssenkrupp, Tata Steel has yet to reach labour agreements at its Port Talbot plant in Britain and IJmuiden in the Netherlands, a key condition for a deal aimed at cutting overcapacity in the sector. Click here to read full stories.

Apr 12 - Can China fill aluminium shortage after Rusal sanctioned? 

Dominant aluminium producer China may help fill a gap in global supply after the United States slapped sanctions on Russia's aluminium giant Rusal.But a tangle of tariffs will obstruct flows to the United States so aluminium consumers will need to find other solutions as well, industry experts said. Click here to read full stories.

Apr 12 - Rusal removed from share, debt indexes; Moscow mulls response 

International financial groups took action on Wednesday to distance themselves from the shares, bonds and metal of Russian aluminium giant Rusal after the United States imposed sanctions on the company.In Moscow, the government pledged to provide Rusal with short-term liquidity and offer other assistance while it also considered hitting back by looking at U.S. goods or goods produced in Russia by U.S. companies.  Click here to read full stories.

Apr 12 - Palladium surges 6 pct on jitters over Russia sanctions 

Palladium has surged 6 percent this week on the back of concerns that supply from number one producer Russia could be hurt by sanctions imposed by the United States.Although the supply pipeline of the metal, more than two-fifths of which is sourced in Russia, has not been directly hit by the sanctions, the market has been rattled by the inclusion of Russian magnate Oleg Deripaska on the sanctions blacklist. Click here to read full stories.

Apr 12 - Russia sanctions to prompt flows of Rusal metal into LME warehouses 

Aluminium market participants expect stocks held in London Metal Exchange (LME) warehouses to climb because banks and traders can park metal from Russian producer Rusal there in the wake of U.S. sanctions.Last week the U.S. Treasury Department imposed sanctions on seven Russian oligarchs and 12 firms they own or control, saying they were profiting from a Russian state engaged in "malign activities" around the world. Click here to read full stories.

Apr 12 - Copper goes from hero to zero for the money men: Andy Home 

The record long holding amassed by fund managers on the CME's COMEX copper market last August is becoming an increasingly dim and distant memory.At last August's peak of almost 125,000 contracts, their collective positioning exceeded anything seen previously, even during copper's boom years of 2009 and 2010, when prices hit 4.6255 cents/lb ($10,200 a tonne). Click here to read full stories.

Apr 12 - Miners urge new Chile government to give exploration a boost (CRU/CESCO)

Copper mining industry leaders meeting in Santiago this week called on Chile's month-old government to open up exploration or risk losing investment as companies hunt elsewhere for new projects.Chile produces around a third of the world's copper, making it by far the biggest exporter of the base metal. But it faces declining productivity and rules that some say exclude newcomers. Click here to read full stories.

Apr 12 - Russian tycoon Deripaska withdraws from Nornickel board nomination 

Russian tycoon Oleg Deripaska has withdrawn his nomination candidacy to join the board of Norilsk Nickel, the mining firm said in a statement on Thursday.Deripaska had been nominated to join the board, a regulatory disclosure showed on April 5. Click here to read full stories.

Apr 12 - Glencore to declare force majeure on some aluminium supply -source 

Swiss-based trading and mining giant Glencore will declare force majeure on some aluminium supply, days after the United States sanctioned major supplier Rusal and its boss, metals magnate Oleg Deripaska, a source familiar with the matter said.Glencore is a Rusal shareholder and one of its biggest customers. Glencore Chief Executive Ivan Glasenberg resigned from his role as Rusal director on Tuesday. Click here to read full stories.

Apr 12 - Botswana's Tati Nickel Mine out of liquidation after court ruling

Botswana's High Court has taken Tati Nickel Mine out of provisional liquidation, dismissing a request for more time to negotiate with potential buyers, the liquidator said on Wednesday.Tati -- a subsidiary of the liquidated BCL mine group -- has since October 2016 been under provisional liquidation, which was twice extended after liquidator Nigel Dixon-Warren asked for more time to pursue a deal with investors. Click here to read full stories.

Apr 11 - Rusal bonds slump, customers review contracts as U.S. sanctions bite 

Rusal's dollar bonds slumped to record lows, two major customers said they were reviewing their contracts, and the London Metal Exchange distanced itself from the aluminium giant on Tuesday, in the latest aftershocks from U.S. sanctions.The sanctions imposed on Rusal and its boss, metals magnate Oleg Deripaska, mark the first time a major international company has been targeted by Washington in its moves to punish Russia for alleged meddling in the 2016 U.S. election. Click here to read full stories.

Apr 11 - Sinopec USA turns copper buyer to supply China operations - sources 

The U.S. unit of China's oil major Sinopec Corp is procuring copper to send to its equipment suppliers in China, two sources familiar with the matter told Reuters, a rare move by a Chinese oil company.Sinopec USA is seeking to buy around 300,000 tonnes of copper and copper concentrates per year to then sell on to its suppliers of copper rods and cables in mainland China, the sources said, speaking on condition of anonymity because the discussions were confidential. Click here to read full stories.

Apr 11 - Rusal triggers Iran-style defence after U.S. sanctions - source 

Russian aluminium giant Rusal has activated a contingency plan asking customers to pay in euros instead of dollars to try to skirt round U.S. sanctions, a source close to the matter said. The plan follows the example of Iran, which a few years ago opted to use gold, oil and the Japanese yen to pay for goods that would typically be priced in dollars. Click here to read full stories.

Apr 11 - Rio Tinto reviewing Rusal ties, mum on Queensland venture 

Rio Tinto Plc is reviewing its dealings with Russian aluminum producer United Co Rusal to ensure compliance with U.S. sanctions, a top executive said on Tuesday, but added it was too soon to discuss the future of its Australian venture with Rusal."We are reviewing in detail all our trading relationships with Rusal and other counterparties and we will obviously do what we have to do to ensure that we comply with applicable sanctions," Alf Barrios, Rio Tinto Aluminium's chief executive officer, said in an interview. Click here to read full stories.

Apr 11 - Colombia pro-mining referendum will not soothe global miners 

Jose Alberto Gamboa, whose smile flashes the gold he has spent his life digging from Colombia's frosty Andean mountains, says he will do whatever it takes to protect his town's only industry: mining."We would get guns and go to war," the grizzled 67-year-old miner said during his break at the Queen of Gold mine, near Vetas, on the steep slopes of Santander province. "How else could we feed our children?" Click here to read full stories.

Apr 11 - Palladium's slide from record high hits solid floor

Palladium's 20 percent fall from its January record high has put the metal in bear market territory, but strong chart support and tightness in the underlying market suggest it has hit a solid floor more than 40 percent above its 10-year average.Palladium, the most industrial of the major precious metals, jumped more than 3 percent on Monday, having tumbled to eight-month lows over the previous weeks on concerns over the prospect of a U.S.-China trade war. Click here to read full stories.

Apr 11 - S.Africa's east platinum belt hit by over 400 social unrest incidents since 2016 

The eastern limb of South Africa's platinum belt has been hit by over 400 incidents of social unrest impacting mining operations since the start of 2016, according to data compiled by Anglo American Platinum (Amplats) and provided to Reuters.The restive region in the country's northeast has been a flashpoint of violence rooted in community grievances over jobs, revenue flows and conflict between rival unions that threatens production in the world's top producer of the precious metal. Click here to read full stories.

Apr 11 - Brazil court orders Hydro to set aside $44 mln for cleanup 

A Brazilian court ruled that Alunorte, a subsidiary of Norwegian metals company Norsk Hydro ASA, must set aside 150 million reais ($44 million) to potentially compensate for alleged environmental damages.The unresolved legal dispute at the Alunorte alumina plant, the world's largest producer of the raw material for aluminum, will force Hydro to cut aluminum output from its nearby Albras plant by 50 percent, the company said on Tuesday. Click here to read full stories.

Apr 11 - Vedanta's request to renew copper smelter operations in India rejected 

Vedanta Resources Plc  said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the South Indian town of Thootukudi was rejected by the state pollution regulator.The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi, who have thronged the streets and shut shops demanding a closure of the plant. Click here to read full stories.

Apr 11 - Algeria agrees steel plant stake sale to UAE firm 

Algeria will sell a 49 percent stake in its state steel plant to Dubai-based Emarat Dzayer Group, the prime minister's office said on Tuesday, as the North African country seeks to attract foreign investment and diversify its economy.The deal will include a 160 billion dinar ($1.44 billion) investment to develop the El Hadjar plat, in the eastern province of Annaba, it said in a statement on its website. Click here to read full stories.

Apr 10 - Rio Tinto stands to win from Rusal sanctions; U.S. consumers to lose 

Rio Tinto will be among the biggest winners from the U.S. sanctions imposed on Russian aluminium giant United Company Rusal  as the penalties further shake up the global metals trade and boost costs for U.S. consumers, industry sources said on Monday.The United States on Friday imposed the sanctions against businessmen, companies and government officials that are considered associates of Russian President Vladimir Putin in one of Washington's most aggressive moves to punish Moscow for a range of activities.  Click here to read full stories.

Apr 10 - Electric cars no game changer for copper demand in short term (CRU/CESCO)

Copper bulls predicting a rapidly changing demand landscape due to the electric vehicle (EV) revolution and supply shortages are likely to be disappointed, as the amount of extra metal needed is expected to be small, at least over the next few years.For some years now, copper producers have pushed the idea of surging copper demand as EV sales gain momentum due to governments and consumers around the world looking to cut carbon emissions from fossil-fuel cars. Click here to read full stories.

Apr 10 - Glencore suspends Rusal-EN+ share swap due to U.S. sanctions 

Swiss-based trader Glencore said on Tuesday it would not "at this time" be swapping its shares in Russian aluminium producer Rusal for Global Depository Receipts in EN+ due to U.S. sanctions on both firms."Glencore is committed to complying with all applicable sanctions in its business and is taking all necessary measures in order to mitigate any risks to Glencore's business as a result of the designation of Rusal and EN+ as SDNs (specially designated nationals), including in respect of secondary sanctions," Glencore said in a statement. Click here to read full stories.

Apr 10 - U.S. sanctions on Rusal threaten aluminium turmoil: Andy Home 

U.S. tariffs on imports have already roiled the aluminium market. U.S. sanctions on Oleg Deripaska and his companies are going to cause even more turmoil, given they encompass Rusal, which produces around 6 percent of the world's aluminium. Deripaska was on the U.S. Treasury Department's sanctions list, covering seven Russian oligarchs, 12 of their companies, 17 Russian government officials, a weapons trading company and a bank. The aluminium market has already reacted. Click here to read full stories.

Apr 10 - Australia's ABC gold refinery gets accreditation from Shanghai Gold Exchange 

Australia's ABC gold refinery, the refining division of Pallion Group, has received accreditation from the Shanghai Gold Exchange (SGE), the group said on Tuesday.All official gold sales within China must occur through the exchange, making it the primary gateway into the world's largest gold market worth over A$341 billion annually, Pallion said. Click here to read full stories.

Apr 10 - SolGold going alone on Ecuador find despite partner interest (CRU/CESCO)

SolGold has received advances from a dozen big miners, including BHP, and Vale, for its copper and gold discovery in Ecuador, an executive said on Monday, but has rejected them to develop the project alone. SolGold bucked a trend of a lack of new discoveries following a fall-off in investment during the commodities crash of 2015-16. The company's flagship project in Ecuador, named Cascabel, appears from exploration to be a major new high-grade copper and gold find to rival some of the largest existing mines.  Click here to read full stories.

Apr 10 - Hydro denies Brazil alumina plant contaminated local environment 

Aluminium producer Norsk Hydro denied on Monday its Alunorte alumina refinery in Brazil had contaminated local waters, contradicting the findings of a Brazilian public health group. Citing an internal study and a report commissioned from green consultancy SGW Services, Hydro said no evidence was found of overflow from its bauxite deposits or of any significant or lasting environmental impact. Click here to read full stories.

Apr 10 - Chile's Codelco says deal reached on professional workers contract 

Chile's state-owned miner Codelco, the world's biggest copper producer, said on Monday that it has reached a deal on a new collective labor contract with a union of professional workers at its Chuquicamata mine. The new three-year contract, includes a 7.3 million peso ($12,500) bonus and was approved by 82 percent of unionized professional workers at the mine, Codelco said in a statement. Click here to read full stories.

Apr 09 - Rusal shares plunge over 40 pct on U.S. sanctions 

Shares of Russian aluminium giant United Company Rusal Plc plunged as much as 41.8 percent on Monday as investors bailed on the stock after it was included in a new list of U.S. sanctions targeting Russian companies and their owners.Shares in Rusal, one of the world's largest aluminium producers, fell to HK$2.70 in late morning trade, its lowest sinceOctober 2016. That compared with 1.76 percent rise in the benchmark Hang Seng index. Click here to read full stories.

Apr 09 - As China ties up global lithium, Asian rivals must bet big on South America 

South America's lithium triangle is the lowest-cost place to produce the vital battery ingredient, but political hurdles will require Japanese and South Korean companies to make big investments to crack into the region as they chase Chinese rivals who have tied up resources in other parts of the world.Even China, the leader in the global race for the metal used in batteries for everything from smartphones to electric cars, has had its efforts thwarted in the lithium triangle of Bolivia, Chile and Argentina, home to around two thirds of global reserves. Click here to read full stories.

Apr 09 - An aluminium mirror on Trump's tariff tornado: Andy Home 

The rhetoric of trade war is escalating with each passing day.U.S. President Donald Trump threatens another $100 billion of tariffs on Chinese goods. China warns that it will fight back "at any cost".This storm started with steel and aluminium, with tariffs coming into effect on March 23, but has grown in intensity to encompass a lengthening list of goods and products. Click here to read full stories.

Apr 09 - Australian iron ore exports to China from Port Hedland rise nearly 12 pct in March 

Iron ore shipments to China from Australia's Port Hedland terminal in March rose nearly 12 percent from a month earlier to 35 million tonnes, port data released on Monday showed.In February, iron ore shipments stood at 31.3 million tonnes. Overall iron ore shipments from the world's biggest export terminal rose to 42.1 million tonnes in March from 38.5 million tonnes in the previous month, the Pilbara Ports Authority said. Click here to read full stories.

Apr 09 - Mineral Resources to acquire Atlas Iron for $215 mln 

Australian mining infrastructure group Mineral Resources Ltd said on Monday it has agreed to acquire iron ore miner Atlas Iron via a scheme of arrangement, valuing Atlas at A$280.2 million ($215.2 million).Mineral Resources said in a statement that Atlas shareholders would be offered 1 new Mineral Resources share for every 571 Atlas shares, representing a 59 percent premium to Atlas' last close. Atlas last traded at A$0.019 on Wednesday last week, while Mineral Resources closed at A$17.24. Click here to read full stories.

Apr 09 - Sanctions on Russian tycoon Deripaska will create global ripples 

The U.S. government's decision to include Russian magnate Oleg Deripaska on its sanctions blacklist on Friday will reverberate around the world because his business empire has a global footprint and counts major multinationals as partners. Washington imposed sanctions on seven Russian oligarchs, 12 companies they own or control, as well as 17 senior Russian government officials because, it said, they were profiting from a Russian state engaged in "malign activities" around the world. Click here to read full stories.

Apr 09 - Newmont suspends operations at Ghana mine after six workers killed 

Six construction workers have been killed in an accident at Newmont's Ahafo gold mine in Ghana, forcing the surface mine to suspend its operations, a local Newmont manager said on Sunday.The workers died after a tunnel roof collapsed on them at the construction site of an expanded gold processing plant on Saturday. Click here to read full stories.

Apr 09 - Tata Steel open to taking majority stake in Thyssenkrupp tie-up - sources 

India's Tata Steel would consider taking a majority stake in its planned European steel joint venture with Germany's Thyssenkrupp  after the business has publicly listed, according to two sources familiar with the matter.Tata's willingness to increase its holding is a sign of its commitment to expanding its steel empire globally, said the sources. This had been questioned by investors and analysts in recent years after the company, under former group boss Cyrus Mistry, put its British steel assets up for sale following years of losses. Click here to read full stories.

Apr 09 - Speculators slash net long position in COMEX gold - CFTC 

Hedge funds and money managers slashed their net long position in COMEX gold in the week to April 3 and boosted their net short position in silver to a record, U.S. Commodity Futures Trading Commission data showed on Friday.Money managers cut their net long position in bullion by 34,985 contracts to 137,849 lots, the data showed. That was the biggest cut since early December 2017. Click here to read full stories.

Apr 06 - Miners insist on rewrite of Congo mining code to protect exemptions 

International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself, seen exclusively by Reuters on Thursday, takes a hard line that could set industry on a collision course with officials who have repeatedly said they will accept no changes to the new law. Click here to read full stories.

Apr 06 - SoftBank to buy up to 9.9 pct stake in Canada's Nemaska Lithium  

Japan's SoftBank Group Corp will buy up to 9.9 percent stake in Canada-based Nemaska Lithium Inc and invest up to C$99.1 million ($77.7 million) through a private placement as part of the agreement, the lithium miner said on Thursday. The investment, which SoftBank said was its first in the lithium industry, will be made through a private placement of share subscription receipts at C$1.12 ($0.8784) each. Click here to read full stories.

Apr 06 - Japan steel output forecast does not reflect U.S. tariff impact - METI 

Japan's industry ministry said on Friday its steel output forecast for the second quarter does not reflect any possible impact from new U.S. import tariffs on steel as it is not clear how the move will affect global flows of the metal. The ministry earlier on Friday said it expected Japan's crude steel output in April-June to rise 0.9 percent from a year earlier. Click here to read full stories.

Apr 06 - Ukraine's steel output falls 3 pct in first quarter - producers 

Ukraine's steel production fell 3 percent in the first quarter from a year earlier to 5.23 million tonnes, steel producers' union Ukrmetallurgprom said on Thursday. Steel is one of Ukraine's biggest exports but output fell last year after a 5.5 percent rise in 2016. Click here to read full stories.

Apr 06 - Valcambi signs gold supply deal with Fairtrade Peruvian mine 

Swiss refiner Valcambi said it has signed a long-term deal to refine and sell-on gold from a Fairtrade-accredited concession of Peruvian mining co-operative Minera Limata, part of a broader strategy to drive responsible mining. Collaboration between Valcambi and Fairtrade has allowed the mine, in the Puno department of southern Peru, to access to global markets for the first time, it said on Thursday. Click here to read full stories.

Apr 06 - Norsk Hydro's Brazil unit sues local prosecutors over spill analysis 

Alumina do Norte do Brasil, or Alunorte, on Thursday sued prosecutors in the Brazilian state of Para, pushing for a new water quality study to assess a spill by the company there. Alunorte, a unit of Norway's Norsk Hydro, operates the world's biggest alumina refinery in Barcarena in the state. Local residents and Brazilian authorities accused the company of causing a toxic leak in February that polluted the water supply. Click here to read full stories.

Apr 06 - Koza Altin unit, GreenOre to expand drilling for gold in Scotland 

Koza Ltd, whose founder had to abandon his Turkish gold assets, is expanding its operations in Britain with a $1 million programme to drill for gold in Ayrshire, Scotland, together with a venture partner, the company said on Thursday. Founder Akin Ipek built a multi-billion-dollar fortune in Turkey based on gold mining, but left the country in 2015 after relations between the government and followers of U.S.-based Islamic cleric Fethullah Gulen soured. Click here to read full stories.

Apr 06 - Zimbabwe wants mining companies to list on local exchange 

Zimbabwe wants mining firms to list on the local bourse as part of efforts under new president Emmerson Mnangagwa to boost investment and local ownership of its vast mineral resources, a new bill before parliament showed. Mnangagwa, who took power in November when the military ousted Robert Mugabe after nearly four decades, has vowed to revitalise the economy and unlock investment in the mining sector after years of reticence by foreign investors. Click here to read full stories.

Apr 05 - U.S. expects talks with China as trade fight escalates

The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it "takes two to tango." Just 11 hours after President Donald Trump's administration proposed 25 percent tariffs on some 1,300 Chinese industrial, technology, transport and medical products, China shot back with a list of similar duties on major American imports including soybeans, planes, cars, beef and chemicals. Click here to read full stories.

Apr 05 - LME options landscape suggests one last bull hurrah for zinc: Andy Home

Is that it for the zinc price or does the market have one last hurrah before the bull cycle turns? London Metal Exchange (LME) zinc for three-month delivery hit a 10-year high of $3,595.50 per tonne on Feb. 15, the culmination of a gradual but relentless tightening of the supply chain that had been playing out over several years. Since then zinc has been dragged lower in the broader risk-off pull-back in the industrial metals space and is currently trading either side of the $3,250-per tonne level. Click here to read full stories.

Apr 05 - Damp squib or next commodity super-cycle? The Belt and Road dilemma: Russell 

China's Belt and Road Initiative (BRI) is one of those rare things that virtually everybody seems to have heard about, but equally, very few people can actually claim to have a detailed understanding of what it means. This dichotomy was in evidence at the Belt and Road conference, hosted by Mines and Money, in Hong Kong on Tuesday, with views ranging from the BRI will be the driver of a new super-cycle for commodities to that it's more of a marketing slogan aimed at boosting the image and influence of the government in Beijing. Click here to read full stories.

Apr 05 - Revitalised demand growth to buttress molybdenum prices 

Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high. Molybdenum prices at nearly $13 a lb are at their highest since 2014, having more than doubled since Dec. 2015. Click here to read full stories.

Apr 05 - China aluminium stocks fall for first time since June - ShFE data 

Shanghai Futures Exchange (ShFE) aluminium stocks have fallen for the first time in more than nine months, giving the market faint hopes of a drawdown on record inventories of the metal in China, the world's biggest aluminium producer and consumer. Deliverable stocks of aluminium registered with the ShFE fell by 154 tonnes on March 30 to a still sky-high 970,233 tonnes on Wednesday, according to exchange data released two days earlier than usual because of the upcoming Tombsweeping Day holiday in China. Click here to read full stories.

Apr 05 - Ghana to review corporate tax exemptions for resources sector

Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and in some cases, not backed by records. He did not directly accuse any individual companies of wrongdoing. Click here to read full stories.

Apr 05 - Brazil state fines Anglo American 125.6 mln reais over pipeline leak

The Brazilian state of Minas Gerais slapped a 125.6 million real ($37.73 million) fine on Anglo American on Wednesday for pollution caused by one of two spills last month from a pipeline that carries iron ore from the company's Minas-Rio mine. The leak in the pipeline, which carries slurry to a port in Rio de Janeiro state, occurred on March 12 and forced the miner to suspend operations until March 27. Click here to read full stories.

Apr 05 - Trafigura signs three-year cobalt deal with Shalina Resources subsidiary

Commodities trader Trafigura has signed an offtake agreement for cobalt hydroxide running to December 2020 with Shalina Resources and its subsidiary Chemaf, based in the Democratic Republic of Congo (DRC), Chemaf said in a statement on Wednesday. Interest in cobalt reflects a shift in the automotive industry to electric cars (EV), powered by lithium-ion batteries which also require components made from the metal as well as other materials such as nickel. Click here to read full stories.

Apr 05 - Gold demand tipped to firm just 1 pct in 2018 - Metals Focus

Gold demand will change little this year from 2017 levels as slim gains in physical investment and jewellery and industrial demand are partially offset by a drop in central bank buying to its lowest since 2010, according to an industry report. Global gold demand is seen at 3,969 tonnes in 2018, up 1 percent from last year's levels but some 10 percent below the average for the last five years, consultancy Metals Focus said on Wednesday in its Gold Focus 2018 report. Click here to read full stories.

Apr 05 - Eldorado Gold gets positive Greece ruling, awaits mine permits

Canada's Eldorado Gold Corp said on Wednesday it received a positive ruling from arbitrators on its planned metallurgy plant in Greece, but is awaiting mine development permits as it considers its next steps. Eldorado, which froze investment and suspended operations at its Skouries project last November after years of permit delays, said it was evaluating the panel's decision. Click here to read full stories.

Apr 04 - China vows countermeasures as U.S. issues extensive tariff list 

China condemned the United States on Wednesday as the Trump administration pushed ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent countermeasures in the escalating trade dispute. The U.S. government hours earlier unveiled a detailed breakdown of some 1,300 Chinese industrial, transport and medical goods that could be subject to 25 percent duties, ranging from light-emitting diodes to chemicals and machine parts. Click here to read full stories.

Apr 04 - Is there an electric accelerator to falling nickel stocks? Andy Home 

Stocks of nickel held in London Metal Exchange (LME) warehouses fell by 46,344 tonnes, or 12.6 percent, over the first quarter. The downtrend has been running for seven consecutive months but there has been a marked acceleration since the start of January. Click here to read full stories.

Apr 04 - Gold demand tipped to firm just 1 pct in 2018 - Metals Focus 

Gold demand will change little this year from 2017 levels as slim gains in physical investment and jewellery and industrial demand are partially offset by a drop in central bank buying to its lowest since 2010, according to an industry report. Global gold demand is seen at 3,969 tonnes in 2018, up 1 percent from last year's levels but some 10 percent below the average for the last five years, consultancy Metals Focus said on Wednesday in its Gold Focus 2018 report. Click here to read full stories.

Apr 04 - Mexico slaps tariffs on steel pipes from Korea, Spain, India, Ukraine 

The Mexico economy ministry said on Tuesday it has formally imposed anti-dumping duties on imports of carbon steel pipe from South Korea, Spain, India and the Ukraine after completing an investigation into "unfair" trade practices. The investigation came at the request of a company and covered an analysis of the period from April 2013 to March 2016, the ministry said in a statement in the government's official gazette. Click here to read full stories.

Apr 04 - Anglo to halt iron ore ops in Brazil for 90 days after new leak 

Anglo American Plc said on Tuesday it would halt production and transport of iron ore for 90 days from its Minas-Rio mine in Brazil to inspect a pipeline that has leaked twice, complying with authorities' demands for the review. Anglo froze operations at the mine in Minas Gerias state after the leak was discovered on March 29 in a pipeline which carries iron ore in slurry to an export terminal in coastal Rio de Janeiro.  Click here to read full stories.

Apr 04 - Sberbank to increase gold sales to India and China in 2018 

Sberbank CIB, an arm of Russia's largest lender, plans to more than double its gold sales to India this year and sell more gold than forecast to China, while keeping gold purchases in Russia flat, its head of global markets said. Purchases for sales to countries such as China and India go through the bank's Swiss branch, while most of Sberbank CIB's gold purchases from Russian gold miners stay within the country. Click here to read full stories.

Apr 04 - Caserones copper mine in Chile says to close copper concentrator 

Caserones copper mine in Chile said on Tuesday that it would temporarily shut down its copper concentrator in order to replace a leaking pipe. The Environmental Tribunal of Antofagasta, a province of Chile's northern mining region, asked Lumina Copper, which owns the mine, to shut down the processing plant for 15 days following a tailings spill into a nearby river, Caserones said in a statement. Click here to read full stories.

Apr 04 - China miner Tianqi meets with Chilean anti-trust prosecutor on SQM 

Representatives of Chinese lithium giant Tianqi met with Chile's top anti-trust prosecutor less than a month after Chilean authorities moved to block the miner from buying a coveted stake in Chile's SQM, Chile's lobbyist transparency website showed on Tuesday. Felipe Irarrazabal, head of the National Economic Prosecutor's office, known by its Spanish initials FNE, met on March 29 with three lobbyists for the Chinese miner to discuss "Corfo's complaint against Tianqi," according to the website. Click here to read full stories.

Apr 04 - Alcoa to transfer Canadian pension obligations to three insurers 

Aluminum producer Alcoa Corp said on Tuesday it had signed contracts to transfer Canadian pension obligations and assets worth $555 million to three insurers, in a move to strengthen its balance sheet. Alcoa expects to incur a non-cash settlement charge of about $175 million in the second quarter of 2018, due to these annuity transactions.  Click here to read full stories.

Apr 04 - Six workers killed in bus attack en route to South African platinum mine 

Six South African miners were burnt to death when the bus taking them to work was set alight by a petrol bomb thrown by unknown attackers, police and the National Union of Mineworkers (NUM) said on Tuesday. The platinum belt in the world's top producer of the precious metal has been a flashpoint of violence rooted in community grievances over jobs and revenue flows and conflict between rival unions. Click here to read full stories.

Apr 03 - China's Handan orders 25 pct steel production cut from April 1 

China's city of Handan has ordered steel mills to cut production by around 25 percent as part of new measures to curb pollution from April to mid-November, according to a statement on Friday. The city, in China's Hebei province that surrounds Beijing, has also told its coking industry to reduce output by 25 percent over that period, while power and cement firms must cut production by around 20 percent, the statement on the Hebei government website said. Ceramics and glass sectors were ordered to cut production by about 15 percent. Click here to read full stories.

Apr 03 - Australia's Newcrest Mining restarts processing at Cadia mine 

Australia's largest independent gold miner Newcrest Mining said on Tuesday it recommenced processing at its flagship Cadia mine over the weekend. Last week, the company had said it would start mining operations at Cadia, which was closed following damage to a tailings dam wall.  Click here to read full stories.

Apr 03 - ArcelorMittal, Vedanta, VTB-JSW partnership among India Essar Steel suitors 

ArcelorMittal SA, Vedanta Resources and a group comprising Russia's VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, the companies said, after a deadline for bids on Monday. Essar Steel is among a dozen of India's biggest debt defaulters that were pushed into the bankruptcy court last year after a central bank order aimed at clearing record bad loans at the country's banks. Click here to read full stories.

Apr 03 - Shareholders in Chilean lithium firm SQM move to shake up governance 

Two major shareholders in Chilean lithium giant SQM proposed in a regulatory filing on Monday to change the company's governing statutes in a way that could block other shareholders from gaining control of the firm. Pampa Calichera and Potasios de Chile, both controlled by Chilean businessman Julio Ponce, called for an "extraordinary meeting" of shareholders to approve the proposal, according to the filing with securities regulator SVS. Click here to read full stories.

Apr 03 - China ready for proportionate response to U.S. tariffs - envoy 

China will take counter-measures of the "same proportion" and scale if the United States imposes further tariffs on Chinese goods, China's ambassador to Washington said, amid growing fears of an impending trade war. Cui Tiankai made the comments ahead of what is expected to be the announcement this week of U.S. tariffs on $50 billion to $60 billion in Chinese imports following an investigation under Section 301 of the 1974 U.S. Trade Act. Click here to read full stories.

Apr 03 - Perth Mint's gold sales rise in March, m/m silver sales slip 

The Perth Mint's sales of gold products rose about 13 percent in March from a month earlier, while month-on-month silver sales fell for second month in a row, the mint said in a blog post on its website on Tuesday. Sales of gold coins and minted bars rose to 29,883 ounces in March from 26,473 ounces in February, the mint said. Click here to read full stories.

Apr 03 - Japan's Mitsubishi Materials sees H1 copper output up 7 pct y/y 

Mitsubishi Materials Corp, Japan's third-biggest copper smelter, said on Monday it plans to produce 187,374 tonnes of refined copper during April-September, up 7 percent from the same period last year. The company expects output at its Naoshima smelter and refinery in western Japan to rise 11 percent, while production at its Onahama plant, north of Tokyo, will increase by 1 percent, it said in a statement. Click here to read full stories.

Apr 03 - Japan's Toho Zinc sees 13.5 pct rise in H1 zinc output y/y 

Toho Zinc Co Ltd, Japan's third-biggest zinc smelter, plans to produce 49,450 tonnes of refined zinc between April and September, up 13.5 percent from the same period a year earlier, it said on Tuesday. The increase is due to an expected shorter maintenance period at its smelter than last year, a spokesman said. Click here to read full stories.

Mar 30 - Many Cash Prices Unavailable due to Easter holidays (Commodity3)
There will be very little to NO cash prices today March 30 through April 2 due to the Easter bank holidays.

Mar 29 - Iron ore's downtrend trend masked by Trump-inspired price swings: Russell 

Recent price gyrations for iron ore in China caused by swings in sentiment over U.S. President Donald Trump's tariffs on steel are masking a broader downward trend. In recent days spot iron ore prices in the world's largest importer have alternated between slumping as trade war fears mount, or rallying as these same fears moderate. Click here to read full stories.

Mar 29 - New Brazil tests confirm heavy metals near Alunorte; Hydro pushes back 

A Brazilian government-backed institute said on Wednesday that new testing confirmed elevated levels of heavy metals in waters near the world's largest alumina refinery, run by Norsk Hydro ASA, but the company for the first time questioned the validity of the scientific work. Marcelo Lima, a public health researcher at the Evandro Chagas Institute, a research facility linked to Brazil's Health Ministry, told reporters the testing confirmed earlier findings of elevated levels of aluminum, lead and other contaminates in surface waters near populated areas around the Alunorte plant. Click here to read full stories.

Mar 29 - Anglo Pacific says coal tempting after high-value Rio sale 

A global lack of investment in coal helped to create a record full-year profit for mining royalty company Anglo Pacific and is likely to continue to boost its earnings as many funds shun the sector, its CEO said on Wednesday. Anglo Pacific said on Wednesday its income from mining royalties had risen 90 percent last year and its free cash flow more than tripled. Click here to read full stories.

Mar 29 - Brazilian miner Vale to discuss new dividend policy - Valor 

Board members of Brazilian miner Vale SA will discuss in a meeting on Thursday a new dividend policy, according to a Wednesday report by newspaper Valor Econômico. Under the new policy, Vale would calculate dividend payouts based on its earnings before interest, tax, depreciation and amortization, a gauge of operating profitability known as EBITDA, Valor said, citing sources close to the discussions. Click here to read full stories.

Mar 29 - Ex-Microsoft manager lands Responsible Cobalt Initiative role 

A former manager for Microsoft Corp  in China has been named as the first executive secretary of the Responsible Cobalt Initiative (RCI), which works to address social and environmental risks in the cobalt supply chain. Christina Feng, who managed the U.S. tech giant's programme for the responsible sourcing of raw materials until January 2017, was appointed to the full-time RCI role earlier this month and will be based in Beijing, Feng said in an interview with Reuters late on Wednesday. Click here to read full stories.

Mar 29 - Barrick Gold founder, philanthropist Peter Munk dies at 90 

Canadian mining magnate Peter Munk, who built Barrick Gold Corp from a single mine into the world's largest producer of gold, has died at the age of 90, the company said on Wednesday. The blunt-spoken Munk, who once said getting old was "not for sissies", was also a dedicated philanthropist, donating millions to healthcare and universities in Toronto and Israel. He was named a Companion to the Order of Canada, the country's highest civilian honor, in 2008. Click here to read full stories.

Mar 29 - India seeks waiver from U.S. steel and aluminium tariffs 

India has asked the United States to exempt it from higher tariffs on steel and aluminium, saying Indian exports of the two products did not pose a security threat to America, three government officials said. Last week, U.S. President Donald Trump suspended tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the biggest U.S. trading partner, until May 1, 2018, as discussions continue. Click here to read full stories.

Mar 29 - Thyssenkrupp, Tata Steel venture faces fresh union opposition 

Plans by Thyssenkrupp and Tata Steel to combine their European steel operations face renewed opposition from German unions, who say the companies' labour agreement in the Netherlands goes too far in protecting work and sites there. Last month Tata Steel guaranteed its Dutch division it could continue to operate as an independent company within the planned joint venture with ThyssenKrupp, with control over its own profits and an independent supervisory board. Click here to read full stories.

Mar 29 - Shareholders in South Africa's DRDGOLD back Sibanye-Stillwater assets plan 

South Africa's DRDGOLD said on Wednesday its shareholders voted in favour of all resolutions relating to the firm's proposed acquisition of assets from Sibanye-Stillwater. Sibanye-Stillwater in November announced plans to exchange some surface gold processing assets and tailings storage facilities (TSF) for a 38 percent stake in DRDGOLD worth 1.3 billion rand ($111.13 million). Click here to read full stories.

Mar 29 - China's Jiangxi Copper posts fastest annual net profit growth in seven years 

Jiangxi Copper Co Ltd, one of China's biggest copper smelters, said on Wednesday its 2017 net profit more than doubled, growing at the fastest pace in seven years, mainly due to higher copper prices. The Nanchang-based company also aims to increase its copper output in 2018, though it will be monitoring the market due to the country's expected slower growth in key infrastructure sectors and rising inventories. Click here to read full stories.

Mar 28 - Rio Tinto exits coal with $2.25 bln Kestrel sale

Global miner Rio Tinto sold its remaining coal mine in Australia for $2.25 billion, making good on a pledge to exit the fuel and boosting its ability to fund future buybacks or higher dividends. The sale of Rio's stake in the Kestrel mine to private equity manager EMR Capital and Indonesia's Adaro Energy Tbk was made at a significant premium to analysts' expectations and was Rio's third coal deal this month. Click here to read full stories.

Mar 28 - Iron ore's downtrend trend masked by Trump-inspired price swings: Russell

Recent price gyrations for iron ore in China caused by swings in sentiment over U.S. President Donald Trump's tariffs on steel are masking a broader downward trend. In recent days spot iron ore prices in the world's largest importer have alternated between slumping as trade war fears mount, or rallying as these same fears moderate. Click here to read full stories

Mar 28 - Aluminium wrestles with steel over electric vehicle market

When electric carmaker Tesla Inc. launched its first mass market model last summer, it sent a shockwave through the aluminium industry by largely shifting to steel and away from the lighter weight metal it had used in its first two luxury models. The switch by Elon Musk's Tesla to the heavier-but-cheaper metal highlights how steel is fighting back against aluminium, which had widely been expected to be the bigger beneficiary of the electric vehicle revolution. Click here to read full stories

Mar 28 - Hydro to start shutdown of Brazil alumina lines by mid-April - sources

The Alunorte refinery in northern Brazil, owned by Norway's Norsk Hydro ASA, will start shutting down half of its alumina capacity in the next two weeks to preserve equipment, two people familiar with the matter said on Tuesday. The world's largest alumina refinery, situated in Brazil's Amazon region, was forced to halve its output under a judicial order last month after allegations of a toxic leak, pushing up global prices in an already tight market. Click here to read full stories

Mar 28 - Global gold investment seen rising for 5th year in 2018 - CPM

Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession. "The changing global monetary policy landscape coupled with long in the tooth growth cycle in the United States, and little fresh ammunition to bolster the U.S. markets further, means that the U.S. economy looks most at risk of recession," CPM said. Click here to read full stories

Mar 28 - China's Shanxi offers incentives to boost aluminium capacity

China's northern province of Shanxi on Tuesday offered some of the country's biggest aluminium companies preferential access to bauxite resources if they transfer smelting capacity to the region. State-owned Aluminum Corp of China, known as Chinalco, as well as privately-owned Xinfa Group and East Hope, are being encouraged to set up alumina projects, acquire bauxite resources or move smelting capacity to Shanxi, according to the province's 2018 action plan for the nonferrous metals industry. Click here to read full stories

Mar 28 - Canada to target smuggling of steel intended to dodge US tariffs

Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new U.S. tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday. Trudeau said this month he was aware of concerns that countries facing the tariffs could try to ship supplies through Canada and pretend the metals had been produced in Canadian facilities. Click here to read full stories

Mar 28 - Anglo American to resume mining operation in Brazil's Minas-Rio system

Anglo American will resume mining operations in its Minas-Rio system in Brazil on Tuesday after suspending activities since March 12 over a pipeline leak, the company said in a statement. Environmental watchdog Ibama signed off on resuming operations as the company is in the process of cleaning the affected area, Anglo American said. The 529-kilometer (329-mile) pipeline transports iron ore from the company's mine and processing facility in the state of Minas Gerais to a port in the state of Rio de Janeiro. Click here to read full stories

Mar 28 - Profit at China's Jinchuan International surges on higher cobalt, copper prices

Chinese miner and metals trader Jinchuan Group International Resources Co Ltd said on Tuesday its 2017 net profit was almost five times bigger than a year earlier due to higher cobalt and copper prices. Jinchuan, which operates the Ruashi copper and cobalt mine in the Democratic Republic of Congo and the Chibuluma copper mine in Zambia, posted net profit of $41.6 million last year, up from 8.3 million a year earlier. Click here to read full stories

Mar 28 - Brazil steelmaker CSN to sell up to $900 mln in assets - CEO

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) expects to sell between 2 billion reais and 3 billion reais ($600 million-$901 million) in assets this year to reduce its debt, CEO Benjamin Steinbruch said on Tuesday. On a conference call with analysts, Steinbruch said debt ratios will be lower this year as the company plans to sell assets and improve operational results. CSN predicts revenue will rise 20 percent this year. Click here to read full stories

Mar 28 - Vedanta to shut copper smelter in India for about 15 days

Vedanta Resources Plc said on Tuesday its India unit Vedanta Ltd's copper smelting operations at Thootukudi, in the southern state of Tamil Nadu, will be closed for about 15 days as part of a maintenance shutdown. The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter. Click here to read full stories

Mar 27 - Silver eyes rebound after hitting cheapest vs gold since 2016

Silver is poised for a rebound after falling to its cheapest versus gold in nearly two years, with the ratio between the two metals looking overstretched after its recent underperformance. As gold rallied more than 1 percent on Friday on the back of concerns over a potential trade war, silver struggled to keep pace. That helped push the gold/silver ratio to a peak of 81.5, its highest since early April 2016. Click here to read full stories.

Mar 27 - Fortescue cuts iron ore price outlook as Chinese production slowdown, trade tensions weigh

Australia's Fortescue Metals Group on Tuesday cut its price guidance for iron ore sales for the year to end-June 2018, citing subdued construction activity in China, some ongoing steel production restrictions and global trade worries. Fortescue amended its guidance to around 65 percent of the average benchmark Platts 62 CFR index, due to a a slower than anticipated recovery in contractual realisations. Click here to read full stories.

Mar 27 - China urges northern cities to shut factories as smog builds - report

China's environment ministry has urged 28 northern cities to shut factories to tackle a bout of heavy smog in the region, the Shanghai Securities News reported on Tuesday, a sign that tough winter curbs could be extended for the rest of the year. The Ministry of Ecology and Environment (MEE) said on Sunday that it had told cities to take emergency action to tackle this week's smog and to strengthen supervision. The Shanghai Securities News said the notice also included measures to shut or reduce output at a selected number of plants in the region. Click here to read full stories.

Mar 27 - Kinross Gold settles U.S. charges related to bribe prevention in Africa 

The U.S. Securities and Exchange Commission said Canadian-based mining company Kinross Gold Corp agreed to pay $950,000 to settle civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials. The SEC said in a statement Monday the company did little to verify payments to politically connected consultants and vendors - often made in cash - in Ghana and Mauritania were being used for their stated purpose. Click here to read full stories.

Mar 27 - Australia's Newcrest to recommence mining at flagship Cadia mine

Newcrest Mining, Australia's largest independent gold miner, said on Tuesday it will recommence mining operations at its flagship Cadia mine which was closed following damages to a tailings dam wall. Mining operations will restart at Cadia East, in accordance with predefined test and response program, the company said in a statement. Click here to read full stories.

Mar 27 - EU starts study into possible steel import limits

The European Union began a study on Monday on whether the import tariffs imposed by U.S. President Donald Trump warranted action to prevent predominantly Asian producers flooding Europe with steel. Trump's tariffs, of 25 percent on steel and 10 percent on aluminium, came into force last Friday, although the European Union and six other countries secured temporary exemptions. Click here to read full stories.

Mar 27 - Thyssenkrupp eyeing sale of Materials Services unit - Handelsblatt

Thyssenkrupp will likely sell its materials trading division as part of a strategic overhaul to be announced in May, German business daily Handelsblatt reported, without identifying its sources. Thyssenkrupp's largest division by sales, Materials Services accounted for 13.7 billion euros ($16.97 billion), or nearly a third, of the company's last full-year group revenue. Click here to read full stories.

Mar 27 - Workers at Chile's Los Pelambres mine reach deal on labor agreement - union

Workers at Antofagasta PLC's Los Pelambres copper mine in Chile reached agreement on a new labor contract, defusing the risk of a strike, the union said on Monday. Workers in the mine's largest union had last week rejected an offer for a new labor contract, triggering a period of government mediation and raising the spectre of the first-ever strike at a mine owned by Chilean miner Antofagasta. Click here to read full stories.

Mar 27 - Global steel output rose in February amid trade tensions

Global crude steel output rose 3.5 percent in February from the same month a year ago, as mills in top producer China boosted output despite signs of a mounting surplus and trade tensions between Beijing and Washington. Global crude steel output hit 131.8 million tonnes in February, data from the World Steel Association (worldsteel) showed, as output in China rose 5.9 percent to hit 64.9 million tonnes. Click here to read full stories.

Mar 27 - Norsk Hydro to release Alunorte refinery review reports on April 9

Norwegian aluminium producer Norsk Hydro said it would release on April 9 conclusions from its internal review and a review it ordered from green consultancy SGW Services on spills that took place at its Alunorte alumina refinery in Brazil. Last month Brazil ordered Hydro to halve its output from the plant after the spills during heavy rain, prompting the company to declare force majeure. Click here to read full stories.

Mar 26 - US, S.Korea revise trade deal, Korean steel faces quota

The United States and South Korea agreed to revise a trade pact sharply criticised by U.S. President Donald Trump, Seoul said on Monday, with U.S. automakers winning improved market access and Korean steelmakers hit with quotas but avoiding hefty tariffs. The planned changes in the U.S.-Korea Free Trade Agreement (KORUS) come as Trump seeks to strike a balance between his domestic agenda and the need to work closely with Seoul to try to contain a nuclear-armed North Korea. Click here to read full stories.

Mar 26 - China's steel traders fret price rout heralds prolonged downturn

China's steel traders are worried the world's top producer of the metal will suffer a prolonged downturn, as prices skid to their worst rout in years, construction-grade metal piles up and order books fail to be filled up as quickly as expected. The most-active contract for rebar, standard grade steel used in construction, has plunged 15 percent this month - on track for its worst monthly performance since May 2016. The other most-active contracts - for delivery in October and January 2019 - have also each fallen around 15 percent this month, signalling growing long-term pessimism. Click here to read full stories.

Mar 26 - Why are Shanghai aluminium stocks at record highs? Andy Home

Stocks of aluminium registered with the Shanghai Futures Exchange (ShFE) rose another 6,102 tonnes in the week to Thursday, extending a build that has been running uninterrupted since June last year. At a current 940,318 tonnes ShFE inventory is at unprecedented levels. The previous high was 504,974 tonnes in March 2013. Click here to read full stories.

Mar 26 - S.Korea steel shares rise on U.S. steel tariff exemption

South Korea's steelmakers rose on Monday, with market heavyweight Posco leading the overall sector after the United States agreed to exempt South Korea from its new steel tariffs. Washington will impose a quota on steel imports instead, while South Korea in return will improve access for U.S. automakers under the bilateral free trade deal known as KORUS.  Click here to read full stories.

Mar 26 - Japan steel industry head worried U.S. using new tariffs in wider trade talks

Japan's steel industry is worried that the United States is using new import tariffs on steel and aluminium as a card for wider trade negotiations, the head of the industry's group said on Monday. The United States on Monday agreed to exempt South Korea from steel tariffs, instead imposing a quota on steel imports as the two countries agreed in principle to revise a trade pact sharply criticised by U.S. President Donald Trump. Click here to read full stories.

Mar 26 - India's JSW Steel to invest up to $500 mln to expand Texas plant

JSW Steel Ltd said on Monday its U.S. unit would invest up to $500 million to expand its Texas operations, as part of a Memorandum of Cooperation signed with the Texas Governor's office. The governor has also approved a grant worth $3.4 million from the Texas Enterprise Fund to JSW Steel (USA) Inc, the steelmaker said in a statement. Click here to read full stories.

Mar 26 - Barrick Gold cuts 2017 compensation for top two executives

Barrick Gold Corp, the world's largest producer of bullion, cut the 2017 compensation for its top two executives to reflect a challenging "shareholder experience" and operations at some mines. Shares in the Canadian miner declined 15 percent on the TSX last year, even as the price of gold gained 11 percent. In 2017 Barrick had a third cyanide spill in 18 months at its Veladero mine in Argentina and struggled under an export ban for its Acacia Mining unit in Tanzania that is still not resolved. Click here to read full stories.

Mar 26 - Workers at Chilean mine Escondida accept early contract talks

The union representing workers at Chilean copper mine Escondida have accepted an invitation from management to "explore" early talks aimed at clinching a collective bargaining agreement, the union's President Patricio Tapia said on Saturday. Escondida, controlled by BHP, is the world's biggest copper mine. Click here to read full stories.

Mar 26 - Platinum's days as fuel cell car component may be numbered

The volume of platinum used in fuel cell-powered cars could be cut to "micro levels" within three years and eradicated altogether in a decade's time, making these environmentally-friendly vehicles much cheaper to buy. Bart Biebuyck, executive director of the European Commission's fuel cell and hydrogen joint undertaking, said the amount of platinum in the next generation of fuel cell cars had already been cut to levels similar to that used in the catalytic converters of diesel vehicles, which industry estimates put at 3-7 grams. Click here to read full stories.

Mar 26 - Speculators trim net long positions in COMEX gold, copper - CFTC

Hedge funds and money managers cut their net long positions in COMEX gold and copper contracts in the week to March 20, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. Speculators also increased their net short position in silver futures and options contracts, CFTC said. Gold speculators cut their net long position by 23,822 contracts to 121,838 contracts, CFTC data showed. Click here to read full stories.

Mar 26 - Congo rejects mining industry proposal to soften new law

Democratic Republic of Congo's mines minister rejected a proposal by mining companies on Friday to soften some provisions in a new mining code in exchange for higher royalties. Mining companies had said earlier on Friday that they were willing to pay the government more to produce cobalt, gold, copper and other minerals if the government agreed to respect 10-year exemptions to changes to fiscal and customs regimes for existing projects, and cancel certain taxes. Click here to read full stories.

Mar 23 - China urges U.S. to "pull back from brink" as Trump unveils tariffs

China urged the United States on Friday to "pull back from the brink" as President Donald Trump's plans for tariffs on up to $60 billion in Chinese goods brought the world's two largest economies closer to a trade war. The escalating tensions between Beijing and Washington sent shivers through financial markets as investors foresaw dire consequences for the global economy if trade barriers start going up.  Click here to read full stories.

Mar 23 - Zimbabwe hopes to transform mining sector with $4.2 bln platinum deal

A Cypriot investor signed a $4.2 billion deal on Thursday to develop a platinum mine and refinery in Zimbabwe, an investment that President Emmerson Mnangagwa said showed the country was "open for business". Signing the agreement with Cyprus-based Karo Resources, Mines Minister Winston Chitando said work would start in July, with the first output of platinum group metals expected in 2020, aiming to reach 1.4 million ounces annually within three years. Click here to read full stories.

Mar 23 - Trump temporarily excludes EU, six other allies from steel tariffs

U.S. President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher U.S. import duties on steel and aluminum meant to come into effect on Friday. In a presidential proclamation published late on Thursday, Trump said he would suspend tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the U.S.'s biggest trading partner, until May 1, 2018 as discussions continue. Click here to read full stories.

Mar 23 - China's refined copper imports to fall 7.5 pct in 2018 - Antaike

China's refined copper imports will fall for the third straight year in 2018 as domestic production picks up and consumption slows amid weaker demand from the real estate sector, an influential research house said on Thursday. Antaike, research arm of the China Nonferrous Metals Industry Association, expects top copper consumer China to import 3 million tonnes of refined copper this year, down 7.5 percent from 3.243 million tonnes in 2017, He Xiaohui, an analyst with the agency, said in an industry outlook in Beijing. Click here to read full stories.

Mar 23 - Codelco reaches agreement with professionals at Ministro Hales mine

Chile's state copper miner Codelco said on Thursday it had reached an agreement with the professionals' union at its Ministro Hales mine in northern Chile, following early talks on a new collective labor contract. The 36-month contract, which includes a signing bonus of 7.1 million pesos ($11,600), was approved by 75 percent of the union, Codelco said in a statement. Click here to read full stories.

Mar 23 - Chalco's net profit soars on higher aluminium prices

Aluminum Corp of China, known as Chalco, increased net profit by 274 percent last year as supply-side reforms and an environmental crackdown lifted aluminium prices. Chalco, the listed arm of state-run aluminium producer Chinalco, made net income of 1.38 billion yuan ($218 million) last year, against a revised net profit of 368.4 million yuan in 2016, it said in a filing to the Shanghai stock exchange on Thursday. Click here to read full stories.

Mar 23 - Tata Steel selected as successful applicant to buy Bhushan Steel

India's Tata Steel Ltd said on Friday it had been selected as the successful resolution applicant for buying debt-laden Bhushan Steel Ltd. The Committee of Creditors of Bhushan Steel had on Thursday declared salt-to-software conglomerate Tata Group's steel business as the successful resolution applicant, subject to obtaining necessary regulatory approvals, Tata Steel said in a stock exchange filing. Click here to read full stories.

Mar 23 - India's MCX to start trading in brass futures from next week

India's Multi Commodity Exchange (MCX) will start trading in brass futures from next week as it tries to provide a benchmark price and hedging tool to the industry, the bourse said on Thursday. MCX will start trading in three contracts of brass, an alloy made of copper and zinc, from March 26. Click here to read full stories.

Mar 23 - South Africa's Transnet signs new manganese deal with South32

South Africa's state-owned freight company Transnet has signed a new deal with manganese miner South32 to export 2.6 million tonnes a year of the mineral to European and Chinese markets, the companies said on Thursday. South Africa accounts for close to 75 percent of global manganese reserves, Transnet said. The firm, which operates nearly three-quarters of the African rail network, the bulk of which is in South Africa, provides rail export lines for the country's main commodities including coal and iron ore. Click here to read full stories.

Mar 23 - China Feb waste imports tumble amid crackdown

China's waste plastic imports dried up almost entirely in February and scrap metal imports fell by 38.5 percent year on year as the country enforced its clampdown on foreign waste, customs data showed on Friday. Waste plastics imports in January and February combined tumbled by 99.5 percent to just 10,000 tonnes, with the data recording a zero tonnage volume for imports last month and an import value of just 640,000 yuan ($101,100). Click here to read full stories.

Mar 22 - Major banks earned more in metals than oil last year

Banks' metals-related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend. Banks' commodity revenue has been on a steady downward path in recent years as they have exited or slimmed down their commodity businesses due to heightened government regulation and a poor performance from the sector. Click here to read full stories.

Mar 22 - Minor precious metals rhodium, ruthenium, iridium hit multi-year highs

Rhodium prices rallied to a near seven-year peak, ruthenium to its highest since 2010 and iridium to its strongest in five years on Wednesday as rising industrial demand squeezed prices of the minor precious metals higher. Rhodium, four out of five ounces of which are used in autocatalyst manufacturing, climbed 2 percent to $1,975 an ounce, its highest since June 2011. Its prices have rallied 30 percent since the start of the year. Click here to read full stories.

Mar 22 - In India, digital gold sellers hope trickle will become a rush

A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions. Digital payment systems have ballooned in popularity in India since the government scrapped large-value bank notes in 2016. Click here to read full stories.

Mar 22 - Japan February crude steel output drops 0.5 pct y/y

Japan's crude steel output in February dropped 0.5 percent from a year earlier to 8.3 million tonnes, snapping three straight months of gains, but this could be short-lived as local demand remains solid, the Japan Iron and Steel Federation said on Thursday. The crude steel output, which is not seasonally adjusted, decreased 8.1 percent from January. "The year-on-year decline is small and is a temporary phenomena," said a researcher at the Federation. Click here to read full stories.

Mar 22 - Pension funds, BNDESPar plan to sell about 3 pct of Vale - sources

Brazilian pension funds led by Previ are planning to sell 10 percent to 12.5 percent of their stakes in iron ore miner Vale SA through a public offering, four people with knowledge of the matter said. The share sale may be worth up to 8 billion reais ($2.4 billion) if BNDESPar, the investment arm of state development bank BNDES, also sells part of its Vale stake, the sources added, asking for anonymity because the talks are still private. Click here to read full stories.

Mar 22 - First Quantum hopes to resolve mammoth $8 bln Zambian tax bill

Canada's First Quantum Minerals on Wednesday was hopeful of resolving a dispute with Zambia over a whopping 76.5 billion Zambian kwacha ($8.07 billion) bill for unpaid duties on imported mining equipment. Zambia has reduced "significant" tax assessments against it in the past, Chief Executive Philip Pascall said on a conference call with analysts. He declined to speculate on the possible outcome of Zambia's review of the latest claim, which involves more than 23,000 documents and could take up to six months. Click here to read full stories.

Mar 22 - Another year of supply deficit for copper...just: Andy Home

The global refined copper market recorded another year of supply-usage deficit in 2017, according to the International Copper Study Group (ICSG). The Group's preliminary assessment is that the headline shortfall was 163,000 tonnes or, adjusting for changes in Chinese bonded warehouse stocks, an even more marginal 135,000 tonnes. Click here to read full stories.

Mar 22 - Indonesia's Inalum expects to line up Freeport sale bank financing soon

Indonesia's state mining holding company, PT Inalum, expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc, the holding company's chief executive said on Wednesday. Indonesia and Freeport have agreed in principle that the U.S. miner would divest 51 percent of its local unit with funding provided by Inalum for the purchase of the rights to the Grasberg mine in Papua, the world's second-biggest copper mine. Click here to read full stories.

Mar 22 - China's shift to high-grade iron ore isn't set in stone: Russell

A comfortable consensus is emerging in the iron ore market that China's vast steel industry has undergone a structural change that has resulted in quality iron ore gaining a permanent advantage over lower grades. Certainly the common theme of presentations at this week's Global Iron Ore and Steel Forecast Conference in Perth was that the current premium of ore with a higher iron content is now a defining characteristic of China's market. Click here to read full stories.

Mar 21 - Tiny Chilean regulator thrust into global lithium battle

A global battle for lithium has landed in the office of a tiny Chilean regulator, which may decide a winner as it reviews a petition to block Chinese firms from buying a stake in top producer SQM. The scramble for lithium, used in rechargeable batteries for mobile phones to electric vehicles, is pitting the Chilean government against China and, potentially, the independent regulator against the Latin American country's new business-friendly government. Click here to read full stories.

  Mar 21 - Zambia slaps miner First Quantum with $8 bln tax bill

First Quantum Minerals said on Tuesday that Zambia's tax agency had slapped it with 76.5 billion Zambian kwacha ($8.04 billion) bill for unpaid import duties, a potentially huge blow for the Canadian miner that earns most its profit in the southern African country. First Quantum, which owns two copper mines in Zambia and has a market value of $11 billion, denied it owed the funds. Click here to read full stories.

Mar 21 - Talks to implement Congo mining code set for Wednesday - govt

Democratic Republic of Congo said on Tuesday it would open negotiations with mining companies on Wednesday about implementing a new mining code that hikes taxes and royalties. President Joseph Kabila signed the new code, which replaces a predecessor from 2002, earlier this month despite strong objections from industry, which said it would scare off investment and violate existing agreements. Click here to read full stories.

Mar 21 - Feast and famine in the global tin market(s): Andy Home

The last British tin mine closed in 1998.

When South Crofty ceased operating, it brought the curtain down on two millennia of tin mining in the southwestern county of Cornwall. However, hope springs eternal in Poldark country, as the region has been dubbed after the hugely successful television series based on the eponymous novels of Winston Graham. Click here to read full stories.

Mar 21 - Russia's Polyus starts antimony sales, could increase free float

Russia's largest gold producer Polyus said on Tuesday it planned to start selling antimony, targeting up to 15 percent of global output of the metal, and was considering boosting its free float in future. Its decision to start sales of the metal, used primarily to make fire retardants and batteries, coincides with rising prices of antimony, which is trading in Europe at its highest level since June, around $8,700 a tonne, due to tight Chinese supply. Click here to read full stories.

Mar 21 - Chinese control of cobalt supply is risk for car industry - Glencore

The automotive industry is waking up too late to the fact that China will hold most of the world's supply of cobalt, a key metal for electric vehicle (EV) batteries, Glencore Chief Executive Ivan Glasenberg said on Tuesday. "If cobalt falls into the hands of the Chinese, yeah you won't see EVs being produced in Europe etc. They are waking up too late ... I think it's because the car industry has never had a supply chain problem before," Glasenberg told the FT Commodities Global Summit in Lausanne, Switzerland. Click here to read full stories.

Mar 21 - U.S. finds dumping, subsidies in wire rod imports from five nations

The U.S. Commerce Department on said on Tuesday it had made final findings in dumping and subsidy investigations of carbon and alloy steel wire rod sold in U.S. markets from Italy, South Korea, Spain, Turkey and Britain. The decision, subject to a finding the imports hurt U.S. producers, will let Commerce impose tariffs of up to 147.63 percent for five years. Click here to read full stories.

Mar 21 - Workers at Chile's Los Pelambres mine extend contract talks - industry group

Workers at Antofagasta PLC's Los Pelambres copper mine in Chile have opted to extend a period of government mediation in an effort to reach agreement on a new labor contract, an industry group said on Tuesday. Workers in the mine's largest union last week rejected an offer for a new labor contract, triggering a period of government mediation and paving the way for an eventual strike. Click here to read full stories.

Mar 21 - South Africa mines minister to ready black ownership rules by May

South Africa aims to finalise revised plans for black ownership in the mining industry by the end of May, Minister of Mineral Resources Gwede Mantashe said on Tuesday, promising to deliver "policy certainty" to an industry worried about new costs. Mantashe acknowledged a "lack of consultation between the ministry and the partners in the past", a message that was well received by companies in the sector where uncertainty about the Mining Charter has deterred investment for months. Click here to read full stories.

Mar 20 - U.S. SEC says court should deny Rio Tinto's push to dismiss fraud charges

The U.S. securities regulator said on Monday that a U.S. court should deny a bid by Rio Tinto Plc and two former top executives to have civil fraud charges over a failed African coal project dismissed. The filing is the latest salvo in the SEC's lawsuit accusing the defendants of waiting too long to write down the coal assets, enabling the big Anglo-Australian mining company to raise about $5.5 billion from U.S. investors. Click here to read full stories.

Mar 20 - Japan minister: Some products likely to get exempted from US tariffs

Japanese Trade Minister Hiroshige Seko said on Tuesday there is a "high chance" that some Japanese steel and aluminium products will get exempted from new U.S. tariffs as they are not quickly replaceable. "I think there is a high chance that Japanese steel and aluminium products would be exempted from the new tariffs on a per-item basis, as they contribute greatly to U.S. industries and many of them have little substitute," he told a news conference. Click here to read full stories.

Mar 20 - Australia's Newcrest Mining cuts cost estimates for Wafi-Golpu JV

Newcrest Mining has cut capital and operating cost estimates for its Wafi-Golpu joint venture in Papua New Guinea. The new estimates announced on Monday are based on an updated feasibility study that expects sustaining capital, which is the capital cost incurred after the start of commercial production, to be A$2.56 billion ($1.97 billion), less than its previous guidance of A$3.73 billion. Click here to read full stories.

Mar 20 - Japan Q2 aluminium premiums set at $129/T, up 25 pct Q/Q-sources

Japanese aluminium buyers have agreed to pay producers a premium of $129 per tonne for metal to be shipped during the April to June quarter, reflecting surging U.S. spot premiums, five sources directly involved in the quarterly pricing talks said. The deals represent a 25 percent increase from the $103 per tonne premium in the previous quarter. The premium is the highest in three years and marks the second consecutive quarterly rise. Click here to read full stories.

Mar 19 - Battery makers descend on Australia, Canada cobalt developers 

Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up. Mine developers say interest from Japanese and Korean firms is particularly strong as they compete with rivals from China, which has built deep supply chain ties with the Democratic Republic of Congo, the world's top producer. Click here to read full stories.

Mar 19 - 45 U.S. trade groups urge Trump to avoid tariffs against China 

Forty-five U.S. trade associations representing some of the largest companies in the country are urging President Donald Trump not to impose tariffs on China, warning it would be "particularly harmful" to the U.S. economy and consumers. The organizations said in a letter sent to Trump on Sunday that potential tariffs on China would raise prices on consumer goods, kill jobs and drive down financial markets. Click here to read full stories.

Mar 19 - Rio Tinto hires UBS to explore Pacific Aluminium listing - sources 

Rio Tinto, has asked Swiss investment bank UBS [RIC:RIC:UBSAG.UL] to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in 2017, when it added two alumina refineries in Australia to the portfolio to make it more appealing, the sources said. Click here to read full stories.

Mar 19 - Tokyo Steel to hold product prices steady in April 

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it would hold product prices steady in April as it needs to ensure markets have absorbed its hikes from earlier this year. The company said last month that it would freeze product prices in March after three months of hikes on tight markets as well as rising transportation costs. Click here to read full stories.

Mar 19 - New Chile govt undecided on blocking SQM sale to China firms - official 

Chile's new government is evaluating whether to support a petition filed by its predecessor to block the sale of a stake in top lithium miner SQM, to a Chinese firm, a senior government official told Reuters on Friday. Chile development agency Corfo filed a complaint last week to block the sale of a 32 percent stake in SQM to China's Tianqi Lithium or any related entities or state-backed firms, saying it would "gravely distort market competition." Click here to read full stories.

Mar 19 - Speculators cut net long positions in COMEX gold, copper - CFTC 

Hedge funds and money managers trimmed their net long positions in COMEX gold and copper contracts in the week to March 13, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. Speculators raised their net short position in silver futures and options contracts, the data showed. Click here to read full stories.

Mar 19 - Mali says negotiating mining code revision but could act unilaterally  

Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said on Friday. Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years, but Boubou Cisse told reporters during a joint news conference with an International Monetary Fund mission that the government aimed to reduce those protections to the lifespan of the mine. Click here to read full stories.

Mar 19 - Colombia's Cerro Matoso mine must pay damages to local communities, court rules 

Colombia's Cerro Matoso nickel mine, owned by Australian miner South32, must pay damages to indigenous and Afro-Colombian communities affected by its operations in Cordoba province, Colombia's constitutional court said on Friday. The court ruled in a lawsuit brought by community leaders that there were waste emissions that seriously affected neighboring communities and that community members had been diagnosed with lung and heart problems, including lung cancer. It also said that some residents had high levels of nickel in their blood and urine. Click here to read full stories.

Mar 19 - Poland's KGHM targets rise in Chilean copper ore output 

Polish copper producer KGHM said it expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels. State-run KGHM acquired Chilean and Canadian copper deposits in 2011 when it bought Canada's Quadra FNX for $2 billion, the largest ever foreign acquisition by a Polish company. Click here to read full stories.

Mar 19 - China's alumina restarts hindered by bauxite shortage - Antaike 

Chinese alumina refineries in Henan province may delay the restart of their plants because of rising costs for the raw material bauxite amid supply tightness, Antaike said on Friday. Alumina refineries and aluminium smelters in parts of China, including in Henan, cut production by 30 percent during the November to March heating season as part of a campaign against air pollution. They were expected to restart on March 15. Bauxite is a rock refined to produce alumina. Click here to read full stories.

Mar 19 - Chinese Smog a Red Flag for Aussie Economy (Dow Jones)
Beijing's efforts to improve air quality are increasingly affecting iron ore prices with implications Down Under. The iron ore price remains a pretty potent stimulant for Australia's economic pulse, so it's worth keeping an eye on developments in China, the world's biggest iron ore customer. Iron ore has dropped below US$70 per ton after Chinese policy makers told steel mills in Wuan to halt production until March 31. The order comes amid smog in northern China. CBA says air quality will continue to guide steel and other industrial output in northern China this year, highlighting the disruptive nature of environmental protection measures on China's commodity intensive sectors.

Mar 16 - How Congo faced down some of the world's biggest mining firms 

In an ornate room in Democratic Republic of Congo's presidential palace last week, some of global mining's most powerful men faced off against government officials over proposed changes to the country's mining code. Facing the officials, including President Joseph Kabila, the executives at times threatened to pursue arbitration or close mines if the government went ahead with changes including royalty increases, according to one of the president's top advisers, Barnabe Kikaya bin Karubi, who attended the meeting. Click here to read full stories.

Mar 16 - U.S. trade panel says imports of aluminum foil from China harm U.S. producers 

The U.S. International Trade Commission said on Thursday it had made a final finding that imports of aluminum foil from China hurt U.S. producers, a move that locks in place hefty duties of up to 188 percent on Chinese exporters. The "final phase" finding came in an anti-dumping and anti-subsidy case brought by the Aluminum Association Trade Enforcement Working Group. Click here to read full stories.

Mar 16 - New head of scandal-hit Kobe Steel may seek mergers for some business units 

Kobe Steel's new president on Friday said he may seek mergers or alliances outside the company for one or more of its business divisions, as he battles to repair damage from a data fraud scandal that roiled Japanese industry. Mitsugu Yamaguchi faces a difficult challenge to rebuild credibility at the 112-year-old steelmaker, which sent shockwaves through global supply chains after revealing widespread tampering of specifications on products used in planes, trains and automobiles. Click here to read full stories.

Mar 16 - Top U.S., EU officials fix meeting next week on tariffs - EU source 

U.S. Commerce Secretary Wilbur Ross and European Trade Commissioner Cecilia Malmstrom have agreed to meet next week in an attempt to resolve a deepening dispute over trade tariffs, a European Commission source said on Thursday. Ross and Malmstrom spoke on the telephone on Thursday and discussed U.S. plans to impose import duties of 25 percent on steel and 10 percent on aluminium, the source said. Click here to read full stories.

Mar 16 - Russian billionaire Potanin buys 2 pct of Nornickel from Abramovich 

Russian billionaire Vladimir Potanin's Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisional deal last week that allowed him to sell a 4 percent stake in Norilsk to fellow shareholders Potanin and aluminium producer Rusal, pending the outcome of a London court case. Click here to read full stories.

Mar 16 - Norsk Hydro CEO says securing alumina to replace Alunorte output is priority 

Norsk Hydro Asa sees securing alternative sources of alumina to replace reduced supplies at its Brazilian plant as a priority, Chief Executive Svein Richard Brandtzaeg told Reuters. Brazilian authorities ordered Norsk Hydro's Alunorte plant, the world's largest alumina plant, to cut output by half in late February until it addressed pollution concerns, leading the Norwegian company to declare force majeure with no time set to restart production. Click here to read full stories.

Mar 16 - ArcelorMittal offers to sell plants in swoop for Ilva 

ArcelorMittal, the world's largest steelmaker, has offered to sell plants across Europe in an effort to address EU antitrust concerns over its 1.8 billion euro ($2.2 billion) bid for Italian peer Ilva. The offer of concessions was submitted on Thursday. No details were provided, in line with the European Commission's policy. Click here to read full stories.

Mar 16 - Russia's En+ fourth-quarter core earnings rise, beat forecasts 

Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower assets, said on Thursday its core earnings rose 32 percent in the fourth quarter of 2017 due to higher aluminium prices, beating analysts' estimates. En+ Group, the largest shareholder of Russian aluminium giant Rusal, raised $1.5 billion in an initial public offering (IPO) in November, and has said that trading firm Glencore would swap its 8.75 percent stake in Rusal for shares in En+ by the end of March. Click here to read full stories.

Mar 15 - Glencore signs massive cobalt sale deal with China's GEM 

Glencore Plc, the world's biggest producer of cobalt, has agreed to sell around a third of its cobalt production over the next three years to Chinese battery recycler GEM Co Ltd, according to a filing by GEM on Wednesday. Glencore will sell 52,800 tonnes of cobalt hydroxide to GEM between 2018 and 2020 as demand for cobalt, a critical metal in lithium-ion batteries, soars on a forecasted boom in electric vehicle sales. Click here to read full stories.

Mar 15 - Cobalt to be declared a strategic mineral in Congo 

Democratic Republic of Congo will declare cobalt and coltan, used in electric vehicle and renewable energy technology, as "strategic" minerals which will earn the country higher royalties, an advisor to the prime minister said on Wednesday. A new mining code was signed into law on Friday by President Joseph Kabila despite vigorous opposition by global mining companies with operations in Congo such as Glencore, Randgold and China Molybdenum. Click here to read full stories.

Mar 15 - Commodities' dilemma: Strong China demand or Trump-led fears?: Russell 

The tug-of-war between fundamentals and sentiment appears to be getting stronger for many commodities as the market tries to reconcile factors such as robust demand numbers from China and increasingly worrying rhetoric and actions from the United States. Iron ore, steel and copper all performed well on Wednesday after Chinese data showed real estate investment and industrial output rising at a faster than expected pace. Click here to read full stories.

Mar 15 - Chile's Escondida invites union to early labor talks 

BHP's Escondida copper mine in Chile, the world's largest, said on Wednesday that it has invited its powerful workers' union to start early talks on a new collective labor contract. Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract through July 31 of this year instead of replacing it. Click here to read full stories.

Mar 15 - First Cobalt buys US Cobalt in sprint to production 

First Cobalt Corp on Wednesday announced a friendly takeover of US Cobalt Inc as the Canadian mine developer accelerates its push to first production of the battery metal on forecasts for a boom in electric vehicles. Under the all-share deal valued at approximately C$149.9 million ($115.74 million), First Cobalt will add US Cobalt's exploration properties in Idaho and Utah to its 50 mining properties in Cobalt, Ontario, alongside a mill and permitted cobalt refinery. Click here to read full stories.

Mar 15 - Brazil to handle with care U.S. tariff threat - Temer 

President Michel Temer said on Wednesday that Brazil will respond with caution to planned U.S. tariffs on steel and aluminum to avoid hurting ties with its second-largest trade partner. But if talks fail, the president emphasized, Brazil will not hesitate to take a complaint to the World Trade Organization. Click here to read full stories.

Mar 15 - Bauxite shipments resume in Guinea mining town after riots 

Bauxite shipments resumed on Wednesday from the Guinean mining towns of Boke and Kamsar after riots delayed deliveries the day before, company and government officials said. Train and barge traffic restarted after demonstrators lifted barricades and protests over disputed local elections subsided, said Frederic Bouzigues, managing director of Société Minière de Boke (SMB). Click here to read full stories.

Mar 15 - New Tata Steel UK pension scheme to be set up after meeting minimum criteria 

A new pension fund backed by Tata Steel UK, a unit of India's Tata Steel, will be set up after meeting minimum size and funding criteria, paving the way for the firm's merger with Germany's Thyssenkrupp. The trustee of the British Steel Pension Scheme (BSPS), a 124,000 member final salary scheme from previous owner British Steel, said in a statement the new BSPS would go ahead on March 28 as planned. Click here to read full stories.

Mar 14 - Chile attempts to block China from prize lithium asset

Chile's government has asked antitrust regulators to block the sale of a 32 percent stake in Chilean lithium company SQM to a Chinese firm on the grounds it would give it an unfair advantage in the global race to secure resources to develop electric vehicles. Chile development agency Corfo, which oversees SQM's lithium leases in the Salar de Atacama, claimed in a 37-page complaint filed on Friday that the purchase of a stake in SQM by "Tianqi Lithium, or any entity related to it directly or indirectly (including companies controlled by the government of China)" would "gravely distort market competition."  Click here to read full stories.

Mar 14 - Aluminium through the looking glass after Trump's tariffs: Andy Home

In a little more than a week's time the United States will impose a tariff of 10 percent on all aluminium imports and 25 percent on all steel imports. Except for those from Canada and Mexico. For now. Click here to read full stories.

Mar 14 - ArcelorMittal Canada steelmaker not seeking government aid - CEO

ArcelorMittal Dofasco's chief executive said on Tuesday the company was not seeking Canadian government aid as the domestic steel industry faces uncertainty after U.S. President Donald Trump provided temporary tariff relief on steel imports. Sean Donnelly, who heads Canada's largest steel manufacturer, added that the government must put resources in place to ensure cheap steel is not diverted to Canada after Trump decided last week to impose a 25 percent tariffs on steel imports. Click here to read full stories.

Mar 14 - China steel mills boost output despite winter curbs

China's daily steel output rose in January and February as mills in the world's top producer raced to take advantage of high prices, even as worries mount about a growing surplus and slowing demand from the construction sector. The strong output data on Wednesday helped push prices lower in Shanghai, with rebar construction steel futures hitting their lowest in almost four months, extending their longest losing streak since last summer. Click here to read full stories.

Mar 14 - U.S. steel import curbs could scuttle India's export ambitions - minister

India's ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade. "Our exports have increased substantially, about 40 percent growth during January to December (2017)," Singh told Reuters in an interview on Tuesday. Click here to read full stories.

Mar 14 - China's iron ore mountain may only be a molehill: Russell

The relentless climb in China's port inventories of iron ore may not be as worrying to the market as they appear, more a reflection of a change in dynamics than anything else. Port stockpiles stood at 158.6 million tonnes of the steelmaking ingredient as of the end of last week, close to the prior week's record of 159.1 million, according to data from consultancy SteelHome. Click here to read full stories.

Mar 14 - Violent protests in Guinea, disrupt some bauxite shipments

Opposition supporters in Guinea protested and erected barricades in the capital Conakry and the mining towns of Boke and Kamsar on Tuesday, disrupting some shipments of the aluminium ore bauxite, a Reuters witness and industry officials said. The unrest sparked by a row over local elections held in February has paralysed much of Conakry since protests erupted on Monday. Demonstrations spread to Boke on Tuesday,where police responded with teargas and clubs, a resident said. Click here to read full stories.

Mar 14 - Anglo American launches new sustainability goals

Anglo American on Tuesday announced new goals to cut greenhouse gas emissions by 30 percent, improve energy efficiency by 30 percent and cut freshwater withdrawal by 50 percent in arid regions, all by 2030. Previous 2020 goals included an energy savings target of 8 percent and a goal to reduce greenhouse gas emissions by 21 percent, while cutting freshwater withdrawal by 20 percent. Click here to read full stories.

Mar 14 - Russia's Polymetal sees large refinancing closer to 2020 - CFO

Russian gold and silver producer Polymetal is considering large-scale debt refinancings closer to 2020 in the run-up to bigger repayments, its Chief Financial Officer (CFO) Maxim Nazimok said. The London-listed firm, part-owned by businessman Alexander Nesis, reported a 2-percent fall in its 2017 adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) to $745 million on Monday as a stronger rouble currency inflated its costs.  Click here to read full stories.

Mar 14 - Norway's Hydro reveals additional spills from Brazil plant

A Norsk Hydro plant's spill of waste water in Brazil last month was more extensive than previously reported, and the company still lacks overview of the situation, it said on Tuesday. Authorities in late February ordered Alunorte, the world's largest alumina refinery, to cut output in half until it addressed pollution concerns, leading Hydro to declare force majeure with no time set to restart production. Click here to read full stories.

Mar 13 - As copper booms, miners take hunt to Mongolian dunes

When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia's Gobi Desert. For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant Oyu Tolgoi project. Others have steered clear due to the risks of operating in a nation with an unpredictable and young democracy and judiciary, a frail economy and extreme weather. Click here to read full stories.

Mar 13 - Europe, U.S. senator push back as Trump seeks lower EU tariffs

U.S. Commerce Secretary Wilbur Ross will urge the European Union to lower its trade barriers, U.S. President Donald Trump said on Monday, calling them unfair to U.S. farmers and industry, a view rejected by the EU and challenged by a Republican senator. The European Commission accused Trump of "cherry-picking" data to distort the debate in a transatlantic dispute over U.S. metals tariffs that threatens to become a trade war. Click here to read full stories.

Mar 13 - Tesla's electric motor shift to spur demand for rare earth neodymium

Tesla's shift to a magnetic motor using neodymium in its Model 3 Long Range car adds to pressure on already strained supplies of a rare earth metal that had for years been shunned because of an export ban by top producer China. Efforts by governments around the world to cut noxious emissions produced by fossil fuel-powered cars is driving demand for electric vehicles and the metals used to make them, such as lithium and cobalt which are key ingredients for batteries. Click here to read full stories.

Mar 13 - Canada's Trudeau tells metal workers: 'We have your backs'

Canadian Prime Minister Justin Trudeau promised aluminum and steelworkers on Monday he would defend them against possible U.S. tariffs and called U.S. President Donald Trump to stress that "mutually beneficial" cross-border supply chains should be preserved. Trump said last week he would impose import tariffs of 25 percent on steel and 10 percent for aluminum, effective later this month, but exempted Canada after an intense lobbying campaign arranged by Ottawa.  Click here to read full stories.

Mar 13 - Chilean miner Antofagasta ramps up dividend as profit surges

Chilean miner Antofagasta reported a sharp rise in full-year earnings on Tuesday thanks to higher copper prices and said it would raise its dividend by 177 percent. The mining company, listed in London and majority-owned by Chile's Luksic family, said it expected the global copper market to tighten and warned that rising copper prices could stoke labour unrest in the region and disrupt supply. Click here to read full stories.

Mar 13 - Anglo American halts output at Brazil ore unit after duct failure

Global diversified mining company Anglo American Plc halted iron ore production at its mine in Brazil's Minas Gerais state after a mineral duct used to transport the product to an export terminal broke down, the company said in a statement on Monday. Anglo said there was leakage of a mixture of iron ore and water to a local watershed. It asked the local water company to stop using that water to supply residents and it is paying for water trucks to serve the local population for now. It said production at the Conceição do Mato Dentro mine is halted until they can determine what caused the duct's accident. Click here to read full stories.

Mar 13 - Russia's NLMK senior VP Fedorishin appointed new CEO

Russian steelmaker NLMK's shareholders have elected Grigory Fedorishin, formerly senior vice president, as the company's new chief executive officer, NLMK said in a statement. The decision was taken at an extraordinary general meeting held on Monday. Fedorishin will be in office until June 8, when he will be up for re-election by a meeting of shareholders. Click here to read full stories.

Mar 13 - Polish JSW beats forecasts with 2017 profit, but suspends dividend

JSW, the European Union's biggest coking coal producer, said on Monday its 2017 net profit jumped to 2.54 billion zlotys ($745.31 million) from 6.7 million zlotys a year earlier, driven by a 65 percent rise in the average coking coal price. Analysts polled by Reuters had expected state-run JSW to report a net profit of 2.41 billion zlotys for 2017 and 620 million zlotys for the fourth quarter, which according to a Reuters calculation, stood at 748 million zlotys. Click here to read full stories.

Mar 12 - China says trade war with U.S. will only bring disaster to global economy

Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth. After pressure from allies, the United States has opened the way for more exemptions from tariffs of 25 percent on steel imports and 10 percent on aluminium that U.S. President Donald Trump set last week.  Click here to read full stories.

Mar 12 - China steel exports may fall further in 2018 - top executive

Chinese exports of steel products may continue to fall this year due to strong domestic demand and reductions in capacity due to environmental commitments, the chairman of state-owned mill Fujian Sangang Group Co Ltd said. The prediction follows a 30.5 percent plunge in Chinese steel exports last year to 75.43 million tonnes, as strong domestic prices and high profits at home led to a drop in shipments abroad. Click here to read full stories.

Mar 12 - LME rethinks cobalt contract for electric vehicle sector

The London Metal Exchange has abandoned plans for a cobalt sulphate contract for the electric vehicle battery supply chain because pricing for the chemical has historically been based on the metal it is derived from, cobalt industry sources said. The exchange is instead looking at offering a cash-settled cobalt metal contract, which will trade alongside its physically deliverable metal contract launched in 2010. Click here to read full stories.

Mar 12 - Toolbox trade wars: How a sure winner in U.S. dispute has yet to reap benefits

Nestled in an industrial park near the end of the runway of O’Hare International Airport, Metal Box International Inc. should be one of the winners of a little-known trade war over toolboxes. In January, the U.S. International Trade Commission ruled Chinese imports had harmed domestic producers of big tool chests sold in retail stores, prompting the Trump administration to slap anti-subsidy duties of up to 95 percent on Chinese boxes.  Click here to read full stories.

Mar 12 - Canada's steel town still nervous despite tariff reprieve

A temporary exemption from U.S. tariffs is little comfort to the Canadian steel city of Hamilton, coping with months of uncertainty as U.S. President Donald Trump has threatened a potentially devastating 25 percent duty unless the North American Free Trade Agreement is renegotiated. Canadian negotiators are weighing the interests of the relatively small sector, responsible for about 22,000 direct Canadian jobs and C$9.0 billion ($7.0 billion) in U.S. exports, against those of bigger industries like auto manufacturing and politically influential groups like dairy farmers. Click here to read full stories.

Mar 12 - S.Korea's POSCO, Samsung SDI agree to build cathode plant in Chile by 2021

A consortium led by South Korea's POSCO and Samsung SDI will build a cathode plant in Chile by 2021 for the country's lithium batteries project, POSCO said in a statement on Sunday. POSCO said the steel maker and battery maker Samsung SDI will jointly invest 57.5 billion won ($54.02 million) for the plant to be constructed in Mejillones, a Chilean port city. Click here to read full stories.

Mar 12 - Chile files complaint to block sale of SQM shares to Chinese companies

Chile's government has asked antitrust regulators to block the sale of a stake in lithium company SQM to a Chinese company on the grounds it would give China an unfair advantage in the global race to secure resources to develop electric vehicles, according to a document seen by Reuters. Chile development agency Corfo, which oversees SQM's lithium leases in the Salar de Atacama, claimed in a 45-page complaint filed on Friday that the purchase of a stake in SQM by "Tianqi Lithium, or any entity related to it directly or indirectly (including companies controlled by the government of China)" would "gravely distort market competition." Click here to read full stories.

Mar 12 - Some Japanese aluminium buyers agree Q2 premium at $129/T, up 25 pct from Q1 - sources

Some Japanese aluminium buyers have agreed to pay some global producers a premium of $129 per tonne for shipments in the April to June quarter, reflecting soaring U.S. spot premiums, two sources directly involved in the pricing talks said on Monday. The new premium is 25 percent higher than the $103 per tonne premiums in the current quarter and is the highest in three years. It also marks the second quarterly increase in a row. Click here to read full stories.

Mar 12 - Chile's Codelco inks deal on Ecuador copper project

Chile's state-run mining company Codelco, the world's largest copper miner, signed a deal with Ecuador on Saturday for joint development of the Llurimagua copper project near Quito. The project could become the first mine Codelco operates abroad following years of efforts to expand internationally as much of the best-quality ore in Chile has already been mined. Click here to read full stories.

Mar 12 - Congo's Kabila signs into law new mining code

Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies that operate in Congo, Africa's top copper producer, have vigorously opposed the new law, although Kabila pledged this week to work with them while implementing it. Click here to read full stories.

Mar 12 - Australia's Newcrest FY18 guidance to be adversely affected by flagship mine closure

Newcrest Mining Ltd said on Monday its fiscal 2018 guidance would be adversely affected by the closure of its flagship mine following damages to a tailings dam wall. In its statement to the Australian Securities Exchange, the gold miner did not detail the extent to which the event would affect its 2018 forecast. Click here to read full stories.

Mar 12 - Norway's Hydro says Brazil plant made unauthorised spills

Norwegian aluminium maker Norsk Hydro's Alunorte alumina refinery in Brazil made unauthorised spills of waste water last month, the company said on Sunday, more than two weeks after local authorities first began to raise questions. Heavy rain and flooding at the plant in mid-February sparked fears of a leak of toxic bauxite waste around the facility and government warnings of contamination, but Hydro has so far maintained it had found no evidence of emissions. Click here to read full stories.

Mar 12 - Speculators trim net long position in COMEX copper to nearly 1-year low - CFTC

Hedge funds and money managers cut their net long position in COMEX copper contracts in the week to March 6 to the lowest since May 2017, while they raised their net long position in gold contracts U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. Speculators also trimmed their net short position in silver futures and options, CFTC data showed. Click here to read full stories.

Mar 09 - German Car Industry Points to WTO Rules in Trump Tariff Debate (Dow Jones)
Europe should be decisive but level-headed in reaction to U.S. President Donald Trump's decision to impose tariffs on steel and aluminum imports, says Bernhard Mattes, head of German auto industry group VDA. "Emotions will not bring any progress; we need a factual debate," and World Trade Organization principles should be the benchmark for such a debate, he says. He also says free trade benefits both sides, and suggests reviving negotiations toward a TTIP-like free-trade agreement.

Mar 09 - Asia's biggest exporters bristle over U.S. tariffs, fanning trade war fears

Major Asian nations reacted sharply on Friday to U.S. President Donald Trump's decision to impose tariffs on steel and aluminium imports, warning of damage to relations amid industry calls for retaliation. Japan said the move would have a "big impact" on the countries' close bilateral ties, while China said it was "resolutely opposed" to the decision and South Korea said it may file a complaint to the World Trade Organization. Click here to read full stories.

Mar 09 - Why electric vehicles could fracture the nickel market: Home 

China's Ministry of Finance made some minor but significant tweaks to its nickel import tariffs at the start of this year. The import duty on melting-grade nickel cathode was doubled from 1 percent to 2 percent, while that on nickel sulphate was cut from 5.5 percent to 2 percent. Why the differentiation? The reason is that nickel sulphate is a form of the metal highly suited to the production of precursor battery materials. Click here to read full stories.

Mar 09 - World steel markets unfazed by Trump's tariff threat

The prospect of 25 percent U.S. tariffs on steel imports has raised fears of a global trade war but steel producers outside North America believe they can weather the storm without too much disruption to their business or steel prices. While the United States imported 36 million tonnes of steel in 2017, with Canada, Brazil and South Korea the leading suppliers, that was less than 8 percent of global steel market traded volumes of 473 million tonnes during the year. Click here to read full stories.

Mar 09 - Congo prime minister says mining code agreed, no room for compromise

Democratic Republic of Congo's new mining code, which has been fiercely opposed by international companies, will be signed into law without changes, the prime minister of the central African country said on Thursday. After a nearly six-hour meeting between President Joseph Kabila and international mining executives in Kinshasa on Wednesday, the government issued a statement saying the concerns of companies such as Glencore and Randgold would be taken into account through a constructive dialogue after Kabila had signed the code into law.  Click here to read full stories.

Mar 09 - Platinum market surplus to shrink to negligible levels in 2018 - WPIC

The platinum market will be broadly balanced this year as a drop in supply of the metal trims last year's surplus to negligible levels, the World Platinum Investment Council said in a report on Thursday. Falling automotive and jewellery demand and rising supply from number one producer South Africa - source of nearly three-quarters of mined platinum - had pushed the platinum market into a 250,000 ounce surplus last year. Click here to read full stories.

Mar 09 - Japan's Kobe Steel names Yamaguchi as president after data fraud

Japan's Kobe Steel Ltd  on Friday appointed the head of its machinery business as its new president and chief executive, looking outside its major steel division for leadership in the wake of a widespread data fraud scandal. Mitsugu Yamaguchi, 60, currently executive vice president, will replace Hiroya Kawasaki, who said on Tuesday he would step down from April 1 to take responsibility for the fraud that the company admitted has been going on for nearly five decades.  Click here to read full stories.

Mar 09 - South Africa's mines minister urges speedy resolution on Optimum mine

South Africa's new mining minister Gwede Mantashe said on Thursday the business rescue process being undertaken at the troubled Optimum coal mine had to be done with "speed", but the operation was working again after some employees were paid. The Optimum coal mine, which has faced a strike by its workers over unpaid salaries, sought protection from creditors on Feb. 20 with seven other companies owned by the Gupta family, who are accused of corrupt ties to former President Jacob Zuma. Click here to read full stories.

Mar 09 - Botswana pays Russia's Norilsk Nickel $45 mln to settle mine sale dispute

Botswana has paid Norilsk Nickel $45 million to settle a dispute after its state-run mining company pulled out of buying a stake in a South African mine from the Russian firm, the minerals minister said on Friday. Botswana's state-run BCL Mine pulled out of a 3 billion pula ($281 million) deal in October 2016 to buy a 50 percent stake in Nkomati Nickel Mine from Norilsk due to a lack of funds, prompting the Russian firm to file a legal claim. Click here to read full stories.

Mar 09 - Administrators seek to return Steinmetz's mining firm BSGR to solvency

Administrators for BSG Resources (BSGR) said on Thursday they would work to return the mining firm to solvency and pay creditors in full after it voluntarily entered administration to protect it from legal disputes related to a project in Guinea. BSGR, the mining arm of billionaire Beny Steinmetz's businesses, is caught up in a row linked to Guinea's vast Simandou iron ore reserves. BSGR and Steinmetz deny any wrongdoing in the dispute. Click here to read full stories.

Mar 08 - Five banks open up trillion dollar gold club 

The five banks that settle every transaction in London's $6.8 trillion a year gold market are changing the rules of their clearing house to make it easier for newcomers to join. The reform is part of a broad overhaul of institutions that underpin the world's largest bullion trading centre to make them more transparent after accusations of price manipulation by banks and traders and pressure from regulators. Click here to read full stories.

Mar 08 - Trump plans to offer Canada, Mexico 30-day tariff exemption - official 

U.S. President Donald Trump plans to offer Canada and Mexico a 30-day exemption from planned tariffs on steel and aluminum imports, which could be extended based on progress in NAFTA talks, a White House official said on Wednesday night. The move, first reported by the Washington Post, followed comments earlier in the day by a White House spokeswoman that the impending tariffs could exclude Canada, Mexico and a clutch of other countries "based on national security." Click here to read full stories.

Mar 08 - China Feb iron ore imports fall 16 pct from month ago - customs 

China's iron ore imports in February fell 16 percent from the previous month, customs data showed on Thursday, as the nation's week-long Lunar New Year holiday slowed shipments of the steelmaking raw material to the world's top buyer. Arrivals fell to 84.27 million tonnes last month, according to General Administration of Customs data, down from January's 100.34 million tonnes, the second-highest level on record. Click here to read full stories.

Mar 08 - Ignore February weakness, China's commodity imports are robust: Russell 

It's safe to dismiss any impression that China's imports of major commodities such as crude oil and iron ore were weak in February, despite the numbers suggesting as much. The timing of the Lunar New Year holiday usually affects when imports are counted as having arrived in the world's largest buyer of commodities. Click here to read full stories.

Mar 08 - China's Hebei aims to cut iron, steel making capacity by 20 mln T in 2018 

China's top steelmaking province of Hebei will aim to slash iron and steel making production capacity by more than 10 million tonnes each and shut down all "zombie" mills this year, the province's vice governor said on Thursday. Yuan Tongli, speaking on the sidelines of China's parliament, said the region has launched a new three-year plan to cut capacity and will ban any future increase in the region's steel capacity. Click here to read full stories.

Mar 08 - Congo's Kabila to sign new mining code soon after meeting with miners 

Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code, the government and the country's mining companies said on Wednesday. The code has been vigorously opposed by the miners. The announcement followed a nearly six-hour meeting between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a stability clause in the current law protecting miners from changes to the fiscal and customs regime for 10 years. Click here to read full stories.

Mar 08 - India's Tata Steel emerges as top bidder for Bhushan Steel 

Tata Steel Ltd said on Wednesday it had been selected as the highest bidder to buy a controlling stake in debt-laden Bhushan Steel Ltd, ending weeks of speculation on which Indian group would clinch a deal. Salt-to-software conglomerate Tata Group's steel business and India's biggest domestic steelmaker JSW Steel Ltd were the two primary industry bidders for the acquisition of Bhushan Steel. Click here to read full stories.

Mar 08 - Kazakh miner ERG revives sale of Congo copper mine - sources 

Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400 million, two banking sources said. The company, which is working with VTB Capital and Rothschild to spin off and eventually list some of its assets, had already tried to sell its international operations in 2014 but failed to do so as the global economy slowed and commodity prices dived.  Click here to read full stories.

Mar 08 - Beny Steinmetz's mining firm BSGR enters administration to protect itself 

Mining company BSG Resources (BSGR) on Wednesday said it had voluntarily entered into administration, adding it had taken the decision to protect itself as it faces legal action. BSG Resources, the mining arm of billionaire Beny Steinmetz's businesses, is caught up in legal disputes in relation to the vast Simandou iron ore project in Guinea. Click here to read full stories.

Mar 07 - Trade skeptics gain upper hand in White House as Cohn quits 

Economic nationalists appeared to gain the upper hand in a White House battle over trade with the resignation Donald Trump's top economic adviser, Gary Cohn, on Tuesday in a move that could ramp up protectionist measures that risk igniting a global trade war. Cohn did not spell out the reasons for his resignation. He had told Trump that markets would slump on a tariffs threat and was regarded as a bulwark of economic orthodoxy in an administration whose protectionist policies have sparked alarm among U.S. legislators and in governments around the world.  Click here to read full stories.

Mar 07 - Glencore's talks to sell cobalt to Chinese firm falter on price 

Glencore is in talks to sell around a quarter of its cobalt output in a one-year deal to Chinese firm GEM, but price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said. Cobalt has increasingly come under the spotlight over the last year as automakers lay out plans for massive investments in electric vehicles (EVs), where demand is accelerating due to governments around the world moving to cut noxious emissions from carbon fuels. Click here to read full stories.

Mar 07 - U.S. steel shares crawl back from financial crisis 

President Donald Trump's plans to impose a 25 percent tariff on imported steel has shined a light on U.S. steel companies, whose shares have outperformed the overall market since Trump's election but as a group remain well below levels reached before the financial crisis a decade ago. The S&P 1500 steel index has climbed more than 3 percent since Trump last week announced his plans to impose tariffs on imported steel and aluminum to protect U.S. producers, which set off fears of a global trade war and spooked the broad stock market. Click here to read full stories.

Mar 07 - Nexa sees strong zinc prices, demand outpacing supply 

Brazilian miner Nexa Resources expects demand for zinc to outpace supply, keeping prices for the metal at $3,400 to $3,500 a ton for the rest of the year, Chief Executive Tito Martins said on Tuesday. Small mines in China, which previously ramped up output to meet demand, are unable to renew permits under new environmental policies and help meet demand growing at a rate of 2 to 2.5 percent annually, Martins said in an interview at the Prospectors and Developers Association of Canada conference in Toronto. Click here to read full stories.

Mar 07 - Rio Tinto calls U.S. SEC fraud charges 'plainly wrong' 

Rio Tinto Plc and two former top executives said civil fraud charges brought by the U.S. Securities and Exchange Commission over a failed African coal project are "plainly wrong" and should be thrown out. In a court filing late Monday night, Rio Tinto, former Chief Executive Officer Tom Albanese and former Chief Financial Officer Guy Elliott rejected SEC claims they should have written down Mozambique coal assets no more than 11 months after buying them in 2011 for $3.7 billion, rather than waiting 17 months. Click here to read full stories.

Mar 07 - Kobe Steel, Toyota hit with U.S. lawsuit over vehicle metal quality 

U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles. The proposed class-action lawsuit represents the first U.S. consumer complaint filed against Kobe Steel over data fraud, and highlights the legal risks the company faces even after Chief Executive Officer Hiroya Kawasaki announced on Tuesday he would quit to draw a line under the scandal. Click here to read full stories.

Mar 07 - Brazil court denies Norsk Hydro request to resume production 

A Brazilian court denied a request by Norwegian aluminum maker Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, the court said in a statement, in the latest setback after allegations it had contaminated water in the area. Norsk Hydro had appealed to a higher court after a judge last week ordered the company to halve production at Alunorte. The complex, located in Barcarena in the northern Brazilian state of Pará, is the world's largest alumina refining installation. Click here to read full stories.

Mar 07 - Russia's Nornickel sees rising battery demand boosting nickel use 

Russian mining firm Norilsk Nickel said on Tuesday rising use of batteries in electric vehicles would create strong demand for nickel from the 2020s. Nornickel, which vies with Brazil's Vale SA to be the world's biggest nickel producer, said the battery industry would use more than 500,000 tonnes a year of the metal by 2025. Click here to read full stories.

Mar 07 - Asian gold-backed ETFs grow by nearly 10 pct in February - WGC 

Asian gold-backed exchange-traded funds (ETFs) added more tonnes in February than North America and Europe, reversing its 2017 trend of having more flows out, the World Gold Council said on Tuesday. Asian-listed gold ETFs added 7.9 tonnes worth $318.1 million. This was an 8.3 percent increase from January. Click here to read full stories.

Mar 07 - Daimler's R&D chief sees nickel rich batteries gaining traction 

The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday. High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power electric cars to reduce the amount of cobalt and increase the nickel content. Click here to read full stories.

Mar 06 - Trump faces pushback on tariffs but says he will not back down 

U.S. President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S. companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns. Inside the White House, there still appeared to be confusion about the timing and extent of the planned tariffs, which would hit allies like Canada and Mexico hard. Click here to read full stories.

Mar 06 - Indonesia president wants to wrap up Freeport talks by end-April 

Indonesia President Joko Widodo has instructed his administration to complete negotiations over the purchase of a majority stake in Freeport-McMoRan Inc's local unit by the end of April, a cabinet minister said late on Monday. "It should be wrapped up before the end of April, valuation and all," Energy Minister Ignasius Jonan told reporters, referring to directions from President Widodo. Click here to read full stories.

Mar 06 - Partying with purpose: world's miners drink and deal after dry years 

While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making. An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a four-year decline, underpinned by a rebound in metals prices and strong global economy. Click here to read full stories.

Mar 06 - Sudden jump in zinc stocks threatens bull party -Andy Home 

A bucket of cold water has just been poured on zinc's bull fires. The London zinc price has been on a two-year romp, hitting a 10-year high of $3,595.50 a tonne last month. The bull run has been fuelled by a narrative of tightness, first at the raw materials stage of the supply chain and more recently in the refined metal segment of the market. Click here to read full stories.

Mar 06 - Malaysia extends bauxite mining ban, stockpile yet to be cleared 

Malaysia has extended a moratorium on bauxite mining, as it grapples with a stockpile that has yet to be cleared despite an official halt to mining activities more than two years ago. The moratorium was put in place in January 2016, after run-off from unsecured stockpiles of the mineral, dug up by largely unregulated miners, turned rivers and coastal seas red in the eastern state of Pahang, contaminating water sources. Click here to read full stories.

Mar 06 - Japan urges U.S. to shun steel tariffs but makes no threats 

Japan on Tuesday stuck to its a low-key approach to threatened U.S. tariffs on steel and aluminium, reflecting a desire to keep trade fights from hurting security ties as well as lessons learned about how to deal with President Donald Trump. The spectre of a trade war coincides with signs of a thaw in a crisis over North Korea's nuclear and missile threat, prompting concerns in Tokyo that talks between Pyongyang and Washington could take place despite Japan's stance that the focus should be on putting increased pressure on Pyongyang. Click here to read full stories.

Mar 06 - South Africa's Royal Bafokeng Platinum FY profit dives 35 pct 

South African platinum producer Royal Bafokeng Platinum said on Tuesday its full-year profit plunged 35 percent, weighed down by weak platinum prices and higher restructuring costs. Headline earnings per share (HEPS) for the year ended Dec. 2017 dropped to 56.4 cents ($0.047) compared with 86.7 cents a year ago. Click here to read full stories.

Mar 06 - Hydro unsure when to resume operations at No.1 alumina refiner 

Norwegian company Norsk Hydro ASA is unsure about when it would be able to resume full operations at the world's largest alumina refiner, Alunorte in Brazil, company Chief Executive Richard Brandtzæg told Reuters on Monday. Alunorte, located in the northern Brazilian state of Pará, declared force majeure on Friday after local authorities ordered it to halve its production over fear of water contamination. Click here to read full stories.

Mar 06 - Kobe Steel CEO to quit on quality data fraud - Nikkei 

Kobe Steel Ltd Chief Executive Officer Hiroya Kawasaki will step down in connection with a quality scandal that shook the Japanese manufacturing industry last year, the Nikkei reported on Tuesday. Japan's third-largest steelmaker, which supplies manufacturers of cars, planes and trains across the world, admitted last year to supplying products with falsified specifications to about 500 customers, throwing global supply chains into turmoil. Click here to read full stories.

Mar 06 - Celsius aims to bring Namibia's first cobalt mine to production by 2020 

Australia's Celsius Resources, which has made Namibia's first cobalt discovery, is aiming to start production from the remote mine in 2020, the company's managing director said. Cobalt is a key component in rechargeable lithium-ion batteries used in the surging electric car market but most of it comes from the Democratic Republic of Congo (DRC), a country racked by instability and violence, prompting a scramble for alternative sources. Click here to read full stories.

Mar 05 - As winter curbs end, China's aluminium smelters face new reckoning 

Some Chinese aluminium producers that shut smelters during a winter crackdown on pollution may not reopen this spring once output curbs are lifted, as planned new capacity by state-run companies threatens to overwhelm demand and cut into profits. China, the world's biggest producer of aluminium - used in aeroplanes, cars and beverage cans - ordered smelters in 28 of its smoggiest northern cities to cut output by 30 percent from mid-November to mid-March. That affected an estimated one million tonnes of annual output. Click here to read full stories.

Mar 05 - China to cut more coal, steel output to defend 'blue skies' 

China's state planner pledged on Monday to cut more steel and coal production capacity this year, putting the country on track to beat its long-term targets, as Beijing reinforced its vow to beat smog and make "skies blue again". At the opening of the annual meeting of parliament, the National Development and Reform Commission (NDRC) said in a work report it will reduce steel capacity by around 30 million tonnes and coal output by about 150 million tonnes this year. Click here to read full stories.

Mar 05 - Copper spreads, a bear anomaly in a bullish market: Andy Home 

The London Metal Exchange (LME) copper price has risen 26 percent since the start of January 2016.  That month saw a five-year downtrend bottom out at $4,318 per tonne. Three-month copper on Friday was trading above $6,900. The lift in price has been part of a broader revaluation of the base metals complex but also reflects specific concerns about the potential for supply disruption to mined production and scrap flows this year. Click here to read full stories.

Mar 05 - Trump's steel hand grenade may only blow himself up, if no more are lobbed: Russell 

At times when fear and loathing are amped-up it often pays to take a more dispassionate look at what is likely to happen, as opposed to what is feared will happen. The planned U.S. tariffs on steel and aluminium certainly had the effect of raising political and economic temperatures across the world amid fears that President Donald Trump is taking the first step in a global trade war that will end in a 1930s-style depression. Click here to read full stories.

Mar 05 - China says it does not want a trade war with U.S. 

China does not want a trade war with the United States but will defend its interests, a senior Chinese diplomat said on Sunday, after U.S. President Donald Trump announced a plan to put tariffs on steel and aluminium imports. Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, a day after he said he intended to put duties of 25 percent on steel imports and 10 percent on aluminium products. Click here to read full stories.

Mar 05 - Lundin Gold eyes growth after mine in Ecuador built 

Lundin Gold Inc has a hearty appetite for growth even as the Canadian miner focuses on building its first mine in Ecuador on time and budget, Chief Executive Ron Hochstein said on Sunday. "We want to grow to be an at least 1-million-ounce-a-year producer with three to four operations," Hochstein said in an interview with Reuters at the Prospectors and Developers Association of Canada mining show in Toronto. Click here to read full stories.

Mar 05 - Australia's gold production may rise to record - report 

Gold output from Australia, the world's second-largest producer, may rise to a record as a stream of new projects comes on line, Australian mining consultancy Surbiton Associates said on Sunday. Australian gold miners, among the lowest cost globally, have enjoyed high margins in recent years, boosting output. Click here to read full stories.

Mar 05 - Congo's Kabila to meet companies over mining code revision 

Democratic Republic of Congo President Joseph Kabila will meet mining company representatives on Tuesday to discuss a mining code revision awaiting his signature that would raise taxes and royalties, the mines minister said. The bill was adopted by parliament late in January but the industry has been lobbying Kabila not to sign it, saying it would discourage investment and violate existing agreements. Click here to read full stories.

Mar 05 - Speculators raise silver net short position to record - CFTC 

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

Mar 05 - Trump's tariffs set to dominate final day of NAFTA talks 

Ministers from the United States, Canada and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump's proposed steep tariffs on steel and aluminum imports. Trump is expected to finalize the tariffs - 25 percent on steel and 10 percent on aluminum - later in the week, posing a tough challenge for U.S. Trade Representative Robert Lighthizer, Canada's Foreign Minister Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo. Click here to read full stories.

Mar 02 - Europe to Counter U.S. Steel Tariffs: German Economics Minister (Dow Jones)
Germany's economics ministry says Europe will implement counter-measures if the U.S. moves ahead with steel tariffs. "It will trigger disruptions in global trade if U.S. import tariffs on aluminum and steels are imposed comprehensively," says German Economics Minister Brigitte Zypries. "Should Trump lets his words follow actions, Europe will respond accordingly," she says. Ms. Zypries says it is "incomprehensible" that European steel imports would threaten U.S. national security. "Somebody who talks so much about fair trade as President Trump shouldn't opt for such unfair means," she says.

Mar 02 - Asia fears trade war after Trump plans hefty steel, aluminium tariffs

U.S. President Donald Trump's planned tariffs on steel and aluminium will distort global trade and cost jobs, Australia's trade minister said on Friday, highlighting the risk of retaliatory measures as Asian exporters sought more detail on the plans. Fears of an escalating trade war hit the share prices of Asian steelmakers and manufacturers supplying U.S. markets particularly hard on Friday following a rough night on Wall Street. Click here to read full stories.

Mar 02 - Rio Tinto's Mozambique woes mount as Australian watchdog takes company to court

Australia's corporate watchdog said on Friday it has launched court action against global miner Rio Tinto and two former executives for misleading investors about the coal reserves it reported in a $4 billion acquisition in Mozambique. The Australian Securities and Investments Commission said the company and its former Chief Executive Tom Albanese and former Chief Financial Officer Guy Elliott had made deceptive statements in their 2011 annual report, published in 2012. Click here to read full stories.

Mar 02 - Gold as an inflation hedge? Well, sort of... 

Rising inflation has put gold back on the radar for investors looking to protect themselves from emerging price pressures, but history suggests its reputation has been overstated. The experience of the last 50 years suggests gold performs better as a hedge against inflation shocks - like the spike caused by surging oil prices in the late 1970s and early 1980s - than the widely anticipated grind higher currently seen. Click here to read full stories.

Mar 02 - ArcelorMittal to form JV with Nippon Steel to buy India's Essar Steel

The world's largest steelmaker, ArcelorMittal SA, said on Friday its India unit would form a joint venture with Japan's biggest steelmaker Nippon Steel & Sumitomo Metal Corp to buy Indian steelmaker Essar Steel India Ltd, which is undergoing bankruptcy proceedings. ArcelorMittal unit ArcelorMittal India Pvt Ltd submitted a plan to India's National Company Law Tribunal, which deals with insolvency and company disputes, on Feb. 12 to bid for Essar Steel in partnership with Nippon Steel. Click here to read full stories.

Mar 02 - London Metal Exchange to introduce $1 OTC fee on June 1

The London Metal Exchange (LME) plans to introduce a fee from June 1 for off-exchange, over-the-counter (OTC) contracts that reference its prices to try to boost revenue after it slashed other fees last year. Details of the $1 per OTC contract fee in an LME statement on Thursday were largely in line with a consultation about the fee it held in recent months, although it delayed imposing the fee for two months.  Click here to read full stories.

Mar 02 - Nippon Steel plans $16 bln domestic capex over next 3 years

Nippon Steel & Sumitomo Metal Corp  Japan's biggest steelmaker, said on Friday it planned to earmark a total 1.7 trillion yen ($16 billion) for domestic capital spending over the next three years to upgrade and reinforce ageing plants. That compares with the 1.26 trillion yen spent over the past three years, the company said, outlining its new business plan. Click here to read full stories.

Mar 02 - Chinese steel flood is ebbing just as trade war looms: Andy Home

China exported 4.65 million tonnes of steel in January. It sounds like a lot of steel and it is, being equivalent to what the Czech Republic, the world's 33rd-largest producer, churned out over all of last year. Click here to read full stories.

Mar 02 - Shares of Chilean miner SQM fall on lithium pricing fears

SQM shares fell on Thursday after the Chilean miner warned lithium prices could weaken in the second half of the year, scaring investors concerned about demand for the major ingredient in electric car batteries. The company, one of the world's largest producers of lithium and fertilizers, added it still expected average industry prices for the full year to be higher. Last year, industry lithium prices rose 25 percent on average. Click here to read full stories.

Mar 02 - Amplats CEO seeks friendlier Zimbabwe mining laws to lift investment

Zimbabwe must offer foreign miners a consistent legal framework, the right to keep a controlling stake in operations and a greater share of profits to encourage investment, the head of Anglo American Platinum said. The country, home to the world's second largest reserves of platinum after South Africa, is pinning hopes on a recovery in its mining industry after a coup that pushed out veteran leader Robert Mugabe, whose rule saw the economy plunged into chaos. Click here to read full stories.

Mar 02 - Congo says will campaign to prevent child labour in cobalt mines

The Democratic Republic of Congo will launch this month new monitoring and tracing mechanisms to tackle child labour in cobalt and copper production, a mines ministry official said on Thursday. Sourcing of the metals has come into focus as manufacturers scramble to secure supplies of cobalt, a key component in rechargeable lithium-ion batteries, as production of electric cars surges. Click here to read full stories.

Mar 01 - U.S. steel, aluminum execs invited to White House for possible announcement

Several top U.S. steel and aluminum executives have been invited to the White House on Thursday for what could be a major trade announcement, according to two people familiar with the meeting. U.S. President Donald Trump has vowed to take steps to crack down on imports of steel and aluminum and has been considering imposing hefty tariffs on imports of the metals from China and other countries. Click here to read full stories.

Mar 01 - China's industry ministry to crack down on aluminium price speculation

China's Ministry of Industry and Information Technology (MIIT) has pledged to strengthen its monitoring of the price of nonferrous metals such as aluminium in order to prevent "excessive" speculation that could distort the market. In its annual review of the nonferrous metals sector, released Wednesday, the MIIT said it would work with nonferrous metals associations and relevant departments to help avoid speculation. Click here to read full stories.

Mar 01 - China's top steelmaking city extends level 2 pollution alert

China's top steelmaking city of Tangshan on Thursday said it would extend a level 2 or "orange" pollution alert until further notice, leaving steel and coke plants under tighter restrictions. Tangshan, located in China's northern Hebei province, had originally put the alert in place from Feb. 24-28 due to heavy smog. Click here to read full stories.

Mar 01 - Vale aims to cut nickel output costs as world glut looms

Brazil's Vale, the world's no. 1 nickel producer, plans to save well over $150 million by reducing costs across its nickel operations, which have notched positive cash flow for the past two months, company executives said on Wednesday. As the miner strives to diversify away from its massive iron ore presence, it is aiming for base metals to account for at least 30 percent of its financial results by the end of 2019. Click here to read full stories.

Mar 01 - South Africa's Implats narrows HY loss, Marula mine turns around

South Africa's Impala Platinum (Implats) said on Thursday its first-half loss narrowed by 70 percent from a year earlier, helped by improved operational performance but weighed down by a tax on its Zimbabwean unit. Implats said diluted headline earnings per share (HEPS) narrowed to a loss of 21 cents per share in the six months ended December 2017, from 71 cents per share in the year-ago period. Click here to read full stories.

Mar 01 - Mongolia's Oyu Tolgoi mine to lift force majeure

The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters. Force majeure was declared Jan. 17 after protests by Chinese coal haulers disrupted deliveries by blockading roads near the Chinese-Mongolian border, leaving Oyu Tolgoi convoys unable to deliver copper concentrates.  Click here to read full stories.

Mar 01 - Brazilian agency fines Norsk Hydro unit in Para state

Brazilian environmental agency Ibama fined Norsk Hydro's unit in the northern state of Para, the world's largest alumina refining plant, 20 million reais ($6.2 million) and ordered it to halt using its waste pool and drainage system, potentially halting all work at the plant, the regulator said in statement on Wednesday. Ibama said in a statement that Hydro Alunorte was operating without environmental licenses and that heavy metals had been found in surface waters near the unit after rains caused what a Health Ministry watchdog institute has said was a leak. Click here to read full stories.

Mar 01 - Mongolian court sides with government in copper mine ownership row

Mongolia's Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49 percent of one of Asia's biggest copper mines, supporting an earlier resolution by the government to buy back the stake. The ownership battle is set against the backdrop of miners scouring the globe for new copper terrain as reserves in Chile, the world's biggest producer, are becoming depleted. Click here to read full stories.

Feb 28 - U.S. finds China aluminum foil imports dumped, subsidized

The U.S. Commerce Department said on Tuesday it had made a final determination that imports of aluminum foil from China are being sold in the United States at less than their fair value and producers are benefiting from subsidies from Beijing. It said in a statement that antidumping and countervailing duties would be levied on a number of Chinese firms, with dumping margins ranging from 48.64 percent to 106.09 percent and anti-subsidy rates of 17.14 percent to 80.97 percent. Click here to read full stories.

Feb 28 - Scotiabank pulls plug on sale of metals business

Canadian lender Bank of Nova Scotia said on Tuesday it would keep its ScotiaMocatta metals trading business, ending months of speculation that it could be sold, and the bank also reported earnings that beat market expectations. However, the metals business will be slimmed down following a strategic review, the bank's investment banking head, Dieter Jentsch, said on a conference call. Click here to read full stories.

Feb 28 - Gold seen climbing further on safe-haven demand - poll

Gold prices could break above $1,400 an ounce for the first time since 2013 this year as an uncertain outlook for stocks, bonds and currencies tempts investors to use the precious metal as a safe haven, according to a Reuters survey of analysts. Key drivers: The recent stock market volatility, and U.S. President Donald Trump’s congressional tax deal and proposed budget that signal ballooning debt and higher spending, which in turn could make it hard to keep inflation in check. Click here to read full stories.

Feb 28 - Lithium glut? No way, say industry executives eyeing demand

Forecasts for a glut in lithium, a major ingredient in rechargeable batteries for electric vehicles, fail to account for strong demand and how complicated it is to process and mine, industry executives and analysts said. Morgan Stanley sent lithium stocks tumbling on Monday after it forecast a surplus in the market in 2022 of 190,000 tonnes, resulting in predicted prices nearly halving to $7,699 a tonne. Click here to read full stories.

Feb 28 - New Year, new themes for China's industrial metals trade: Andy Home

What will the Chinese New Year of the Dog bring for industrial metal markets? China still dominates the pricing landscape for the base metals pack traded on the London Metal Exchange, albeit in increasingly complex ways. East meets West physically in the form of China's trade flows, although these too have evolved over time into a multidimensional matrix. Click here to read full stories.

Feb 28 - Vale 4th-qtr profit rises but misses estimates on costs, forex

Brazilian iron ore miner Vale SA's quarterly net income jumped by 47 percent but still badly missed analyst estimates, depressed by rising costs and foreign exchange related losses. In a securities filing on Tuesday, the world's largest iron ore producer said net income totaled $771 million in the quarter, well below a consensus estimate of $2.537 billion but still above the $525 million in profit during the same period last year. Click here to read full stories.

Feb 28 - Billionaires in Russia's Nornickel dispute agree to delay stake sale

Russian billionaire Vladimir Potanin's Cyprus-based firm Whiteleave, aluminium giant Rusal and Roman Abramovich's Crispian have agreed to delay a sale of a 2 percent stake in Norilsk Nickel by Abramovich to Potanin, a lawyer for Whiteleave said. Chelsea soccer club owner Abramovich's Cyprus-based Crispian on Tuesday sought a London court's permission to sell the stake, a move Rusal is trying to block. Click here to read full stories.

Feb 28 - Norway's Hydro told to cut output at Brazil alumina plant

Norwegian aluminium maker Norsk Hydro has been told by a Brazilian regulator to cut output from its Alunorte alumina refinery by 50 percent until it complies with an order to safeguard the environment. The Secretariat of Environment and Sustainability (SEMAS), in Brazil's northern state of Para where the plant is located, said it would fine the company 1 million reais (US$307,578) every day Alunorte failed to meet a Monday deadline to lower wastewater levels at a bauxite residue deposit. Click here to read full stories.

Feb 27 - Russian billionaires risk "shootout" in battle over nickel giant

Two of Russia's richest men could trigger a complicated auction known as a "shootout", in a bid to end their long-running battle for control of mining giant Norilsk Nickel (Nornickel). After a five-year peace deal ended in December, the power struggle between two major Nornickel shareholders, Vladimir Potanin and Oleg Deripaska's aluminium giant Rusal, resurfaced earlier this month. Click here to read full stories.

Feb 27 - Japan steel industry head wants to see Japan excluded from U.S. import curb

Japan's steel industry wants the country to be excluded from any U.S. import curbs as steel from Japan poses no threat to the U.S. national security, the head of the steel federation said on Tuesday. Japan's steel industry said last week that the U.S. Commerce Department's proposal to President Donald Trump to impose curbs on steel imports violated the principles of free trade, calling for Washington to make a careful and appropriate decision.  Click here to read full stories.

Feb 27 - FMC plans $500 mln IPO of lithium business on NYSE in the fall

FMC Corp is planning a $500 million initial public offering of a stake in its lithium business on the New York Stock Exchange this fall, its chief financial officer told Reuters on Monday, an avenue for investors to gain exposure to the booming electric vehicle market. Lithium is a key ingredient in the lithium-ion batteries that power electric cars, a market that is forecast to surge in coming decades on government regulation to cut pollution and customer preferences for "green cars". Click here to read full stories.

Feb 27 - Norway's Hydro told to cut output at Brazil alumina plant

Norwegian aluminium maker Norsk Hydro has been told by a Brazilian regulator to cut output from its Alunorte alumina refinery by 50 percent until it complies with an order to safeguard the environment, the company said. The cutbacks follow recent claims by Brazilian federal and state prosecutors of a waste spill at one of Alunorte's bauxite refuse deposits after heavy rain. Hydro reiterated that it found no evidence of any such pollution. Click here to read full stories.

Feb 27 - China urges regions to take responsibility after Yangtze smog surge

China's regional governments need to take more responsibility for local pollution and stop blaming others, a senior environmental official said on Tuesday, following increases in smog in the Yangtze and Pearl river delta regions in January. While nationwide air pollution fell thanks to a tough winter crackdown in smog-prone northern regions, concentrations of small, breathable particles known as PM2.5 surged 20 percent in the Yangtze delta in eastern China, which includes Shanghai as well as the highly industrialised province of Jiangsu. Click here to read full stories.

Feb 27 - Miner Freeport says no plans to sell Congo cobalt asset as buyers circle

Several parties are interested in buying Freeport-McMoRan Inc's cobalt project in the Democratic Republic of Congo but not at a price that would interest the miner and so it is not planning a sale, Freeport's chief executive officer said. As a result, Freeport is looking at other options for the asset, including possibly a joint venture to develop the large cobalt project, CEO Richard Adkerson said. Click here to read full stories.

Feb 27 - Emirates Global Aluminium hopes to list in 2018, subject to market conditions

Emirates Global Aluminium (EGA) hopes to list in 2018, subject to market conditions, a senior executive said on Tuesday, reiterating comments made last October by Abu Dhabi state investor Mubadala, which owns half of EGA. "We hope EGA will become a public company in 2018, subject to market conditions," EGA's chief executive Abdulla Kalban told Reuters. Click here to read full stories.

Feb 26 - Australia's Newcrest buys stake in Canada's Lundin Gold for $250 mln 

Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth. The stake is part of a $400 million equity raising by Lundin Gold to fund development of its Fruta del Norte gold mine in Ecuador, Newcrest said in a statement. The mine is expected to start production by end-2019. Click here to read full stories.

Feb 26 - Sibanye says clears most illegal miners from gold shafts 

Precious metals producer Sibanye-Stillwater arrested nearly 1,400 illegal miners at its South African gold shafts last year in a blitz the company says has mostly ended the practice at its mines. Illegal gold mining has plagued South Africa for decades and it costs the government and the industry more than 20 billion rand ($1.7 billion) a year in lost sales, taxes and royalties, according to a Chamber of Mines report last year. Click here to read full stories.

Feb 26 - Speculators raise net long positions in COMEX gold, copper - CFTC 

Hedge funds and money managers raised their net long positions in COMEX gold and copper contracts in the week to Feb. 20, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. Speculators increased their net short position in silver futures and options, the data showed. Click here to read full stories.

Feb 26 - U.S. to discuss trade disputes with China economic official next week 

Senior U.S. officials will discuss trade disputes next week with a top Chinese economic official when he visits Washington, a senior U.S. official said on Friday as President Donald Trump considers new tariffs on steel imports. The talks will be led by Trump's trade envoy, Robert Lighthizer, who will meet with senior Chinese economic adviser Liu He, the official said. Click here to read full stories.

Feb 26 - Australia's New Century agrees deal to supply zinc concentrate to Belgium's Nyrstar 

Australian miner New Century Resources has agreed to supply zinc concentrate from its project in the country's far north to Belgium's Nyrstar, the two firms said on Monday. As part of the deal, Nyrstar is set to suspend arbitration proceedings that it launched this month related to a historical supply agreement over concentrate from the site, the companies said. That step is pending a formal offtake agreement. Click here to read full stories.

Feb 26 - Mexico slaps billionaire's steel company with fine for stock manipulation 

Mexico's securities regulator has imposed one of its biggest fines ever for market manipulation on steel company Industrias CH, owned by billionaire Rufino Vigil Gonzalez, government data showed. Industrias CH was fined 2.96 million pesos ($159,764) at the end of November for making "prohibited trades" under a law banning simulating price or volume, or effectively trading with itself, according to publicly available data on the website of Mexican banking and securities regulator CNBV. Click here to read full stories.

Feb 26 - South Africa's NUM union says 1,722 jobs to go at Evander Gold Mine 

South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province. The NUM said the company, which has a total workforce of 1,812 people at the mine, informed the union that the job cuts were due to deteriorating and inadequate infrastructure at the mine, high operating costs, such as rising electricity, labour costs, and a low gold price. Click here to read full stories.

Feb 23 - U.S. defense department says prefers targeted steel, aluminum tariffs 

The U.S. Defense Department has voiced support for the Trump administration's bid to impose national security restrictions on imports of steel and aluminum, although it would prefer a system of targeted tariffs and a delay for import curbs on aluminum. The Commerce Department on Feb. 16 recommended that President Donald Trump impose stiff curbs on steel imports from China and other countries and offered the three options to the president, who has yet to make a decision. Click here to read full stories.

Feb 23 - U.S. copper stocks sprint to record high, reflecting transport costs, weak demand 

Record high stocks of copper in land-locked Arizona and Utah are a reflection of soaring transport costs in the United States and weak demand for the industrial metal produced in the Americas, copper industry sources say. Trading sources added that stocks in these two locations are likely to keep rising until prices are high enough to offset costs of transporting the copper. Click here to read full stories.

Feb 23 - Russia's Rusal Q4 core earnings surge, Deripaska steps down 

Russian aluminium giant Rusal posted a 42 percent jump in fourth-quarter core earnings on Friday, helped by higher aluminium prices, and announced billionaire Oleg Deripaska would step down as president, as expected. Hong-Kong listed Rusal said fourth-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) rose to $586 million from $412 million in the last quarter of 2016. Analysts had expected core earnings of $598 million. Click here to read full stories.

Feb 23 - For cobalt buyers, is artisanal mining the problem or the solution? Home 

One reason the cobalt price has gone supernova over the last year is the realisation that not only does most of the available supply come from just one country, the Democratic Republic of Congo (DRC), but a good part of it comes from artisanal mines. In the case of cobalt, however, artisanal mining may in fact be part of the solution to securing long-term supplies of the "hot" metal used for lithium-ion batteries key to the electric vehicle revolution. The real problem in the DRC is less this mining itself, but more the lawlessness that surrounds it and makes much of the cobalt from the region effectively a "conflict mineral". Click here to read full stories.

Feb 23 - Barrick sees gold output drop; won't do deals just to grow 

Barrick Gold on Thursday predicted lower gold production over the next decade, risking its rank as the world's biggest bullion producer, but executives insisted they will not make acquisitions simply to sate a call for growth. The Toronto-based company, whose output could be eclipsed this year by rival Newmont Mining Corp, considered a number of deals over the past year that offered growth, but passed on them all, said Chairman John Thornton. Click here to read full stories.

Feb 23 - Rio Tinto says changing structure, moving some staff 

Rio Tinto, is moving some of its support staff as it creates three global hubs, but is not changing its operating model, it said on Thursday. Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office. Click here to read full stories.

Feb 23 - China's Jan scrap metal imports plunge to 2-yr low as new bans bite 

China's scrap metal imports fell to the lowest level in nearly two years in January, as stringent new rules on foreign solid waste imports came into force at the start of the year, with imports of other types of waste also tumbling. The world's top metals consumer brought in 490,000 tonnes of metal scrap last month, data from the General Administration of Customs showed on Friday. That compares with 700,000 tonnes in December and 660,000 tonnes in January 2017. Click here to read full stories.

Feb 23 - Kazakh mining company ERG looks to spin off and list assets - sources 

Kazakh mining company Eurasian Resources Group (ERG), formerly known as ENRC, is working on a plan to eventually spin off and list some of its assets to help repay debt, three banking sources said. The company, then called Eurasian National Resources Corporation (ENRC), was taken private by its three founders and the Kazakh government in 2013 in a $4.5 billion buyout, six years after listing on the London stock exchange. Click here to read full stories.

Feb 23 - Northam H1 loss widens on BEE transaction 

Northam Platinum reported a widened half-year loss on Friday citing costs related to a transaction to increase its black ownership profile but the mid-tier South African miner still posted an operating profit. It made a headline loss of 80 cents per share versus a loss of 64.7 cents per share a year earlier. Its operating profit fell almost 4 percent to 338.8 million rand. Click here to read full stories.

Feb 23 - Zimbabwe to sell 1.56 million carats of diamonds over two months 

Zimbabwe's state diamond company will auction 1.56 million carats of diamonds over the next two months, the first time since March 2017 that the country is conducting such sales, the mines minister said on Thursday. Winston Chitando said Zimbabwe Consolidated Diamond Company (ZCDC) would conduct the separate auctions in March and April to sell diamonds it has stockpiled since last year. Click here to read full stories.

Feb 23 - Walkabout, Koza Altin unit team up for Northern Irish gold hunt 

Australia's Walkabout Resources has entered a joint venture with Koza Ltd, a British subsidiary of Turkish miner Koza Altin, to explore for gold and other metals at Slieve Gallion in Northern Ireland. Koza Altin's founder Akin Ipek set up Koza Ltd and fled Turkey after relations between the government and followers of U.S.-based Islamic cleric Fethullah Gulen soured. Click here to read full stories.

Feb 22 - UK industrialist Gupta sees no let-up in acquisitions in 2018 

British industrialist Sanjeev Gupta said his GFG Alliance has no plans to slow its rapid pace of acquisitions over the coming year and could look to raise capital through debt or equity markets. Gupta, who heads the $10 billion turnover consortium that runs metals group Liberty House and energy and commodities group SIMEC, said GFG is pursuing assets in autos and steel in India and aims to build out its new Australian business. Click here to read full stories.

Feb 22 - China's scrap steel exports surged in 2017 - Xinhua 

Exports of scrap steel from China rose sharply during 2017 as domestic demand was hit by curbs on production of steel made from scrap metal, the official Xinhua news agency said on Wednesday, citing China Iron and Steel Association data. China exported 2.2 million tonnes of scrap steel during the year, up from about 1,000 tonnes in 2016, the report said, despite a 40 percent tariff on scrap steel exports. Click here to read full stories.

Feb 22 - Gold, silver miner Hochschild eyes move into copper and zinc 

Gold and silver miner Hochschild Mining Plc, which has been scouting for early-stage mining projects, is interested in moving into other metals including copper and zinc, the company's chief executive said on Wednesday. Miners around the world have been looking to take advantage of demand for minerals used in car batteries and new electric vehicles, forecast to soar in coming years as governments crack down on pollution and fossil fuel engines. Click here to read full stories.

Feb 22 - Southern Copper says to put about $2.5 bln into Michiquillay mine 

Southern Copper Corp will invest about $2.5 billion in Peruvian copper project Michiquillay, with production of 225,000 tonnes of copper per year expected to start in 2015, the company said in a statement on Wednesday. Southern Copper won a tender to develop the mine on Tuesday, in an auction that attracted just two bidders. The government had expected investment of around $2 billion would be needed. Click here to read full stories.

Feb 22 - South Africa's NUM union marches on Gupta-owned Optimum Coal mine 

Hundreds of members of the National Union of Mineworkers (NUM) marched on Wednesday at the Optimum Coal mine, owned by the controversial Gupta family, to express their concerns about the operation's viability. South Africa’s chief prosecutor declared Ajay Gupta, one of the three Gupta brothers accused of corrupt links to former president Jacob Zuma, a "fugitive from justice" last week while India's Bank of Baroda, which counts the family's operations as clients, has pulled the plug on its South African business. Click here to read full stories.

Feb 22 - Sibanye-Stillwater falls into annual loss, closes dividend tap 

South African-based gold and platinum producer Sibanye-Stillwater reported an attributable loss for 2017 and in a bid to preserve cash turned off the flow of dividends that has made it a darling of investors. The company's operations, including the troubled Rustenburg assets it acquired from Anglo American Platinum, delivered solid results, with the loss stemming from impairments, provisions for occupational healthcare claims, and restructuring and transaction costs among other factors. Click here to read full stories.

Feb 22 - Venezuela aims for crypto alchemy with new 'petro gold' token 

Venezuela is preparing a new cryptocurrency called "petro gold" that will be backed by precious metals, President Nicolas Maduro said on Wednesday, a day after launching an oil-backed token that has been panned as a pipe dream by blockchain experts. Maduro is hoping cryptocurrencies will help Venezuela skirt U.S. financial sanctions as it struggles under hyperinflation and a collapsing socialist economy. Click here to read full stories.

Feb 22 - South Africa's parliament to launch inquiry into mines minister Zwane 

South Africa's parliament will launch an investigation into allegations of influence-peddling against mines minister Mosebenzi Zwane, its oversight committee on mineral resources department said on Wednesday. The committee did not give specific reasons on why it wanted to open an investigation into Zwane, who it had interviewed last October. Zwane has previously denied any wrongdoing. Click here to read full stories.

Feb 22 - South African iron ore producer Assore H1 profit rises 12 pct 

Assore Ltd, a South African base minerals and metals producer, said on Wednesday its interim profit rose about 12 percent from a year earlier, underpinned by improved sales volumes and favourable commodity prices in dollar terms. Headline earnings rose to 2.4 billion rand ($204.4 million), or 23.55 rand per share, for the six months ended Dec. 31, from 21.05 rand per share a year earlier, the Johannesburg-based company said. Headline earnings per share strips out certain one-off items and is the main profit measure used in South Africa. Click here to read full stories.

Feb 21 - Glencore says full-year results 'best ever' 

Glencore on Wednesday announced full-year overall adjusted profit of $14.76 billion, in line with expectations, and said its full-year marketing adjusted EBIT was $3 billion, above the range it flagged at the end of last year. Chief Executive Ivan Glasenberg in a statement said the performance was the company's "strongest on record, driven by our leading marketing and industrial asset businesses". Click here to read full stories.

Feb 21 - Maximising returns: Chinese steel mills to ramp up output before curbs bite again 

China's steel producers are eager to unleash their mills' capacity when this winter's output curbs end next month, hoping for a repeat of last year's record profits based on high margins and less competition as outdated plants were closed. China shut down up to half of its steel production this winter in 28 cities in the country's manufacturing heartland in the north as part of an anti-pollution campaign. With margins still encouraging full output, China's pent-up steel production should erupt when the curbs expire on March 15. Click here to read full stories.

Feb 21 - Which sledgehammer will Trump use on U.S. aluminium imports? Home 

The U.S. Department of Commerce has "found that the quantities and circumstances of steel and aluminum imports" threaten to "impair the national security" of the United States. The outcome of the twin "Section 232" investigations into the United States' import dependency is no great surprise, although the legal reasoning may well be a future payday for international trade lawyers. Click here to read full stories.

Feb 21 - Fortescue Metals half-year profit plunges 

Australia's Fortescue Metals Group reported a 44 percent drop in first-half profit, hit by weak prices for its lower quality iron ore, and paid a weaker dividend than expected, sending sent its shares down more than 4 percent. The world no.4 iron ore miner's net profit for the six months to December fell to $681 million from $1.22 billion a year earlier. Three analysts on average had expected net profit of $610 million. Click here to read full stories.

Feb 21 - UK steel industry vulnerable despite post-crisis recovery - Tata Steel 

Britain's steel industry is vulnerable despite recovering from a 2015 crisis, with many challenges that led to thousands of job cuts still not resolved and risks related to Brexit looming, the chief executive of Tata Steel UK said on Tuesday. "Currently our nose is above water but our lips are below. Any additional burden can still take us down," said Bimlendra Jha, speaking at a conference in London organised by EEF, Britain's largest manufacturing industry representative. Click here to read full stories.

Feb 21 - China Hanking bids for Australia's Primary Gold 

China Hanking Holdings Ltd  launched a takeover bid for Australia's Primary Gold Ltd on Wednesday in line with a plan to build a long-term Australian gold business, valuing the target firm at A$37.5 million ($29.6 million). China Hanking, which owns 8.4 percent of Primary Gold, will offer A$0.0575 a share for the miner through its unit Hanking Australia Investment Ltd, it said in a filing to the Hong Kong bourse on Wednesday. Click here to read full stories.

Feb 21 - Tanzania's new mining rules impose restrictions on foreign banks, insurers 

Foreign-owned banks, insurance companies and law firms could be locked out of Tanzania's mining sector as part of tough new regulations that aim to limit foreign ownership of mining-related activity. Africa's fourth-largest gold producer is seeking to take more of the profits from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector. Click here to read full stories.

Feb 21 - Apple in talks to buy cobalt directly from miners - Bloomberg 

Apple Inc is in talks to buy long-term supplies of cobalt for iPhone batteries directly from miners, Bloomberg reported on Wednesday, citing sources. The iPhone maker is seeking contracts to buy several thousand metric tons of cobalt for five years or longer, Bloomberg reported, citing an anonymous source. Click here to read full stories.

Feb 21 - Congo's Kabila yet to sign new mining code as deadline nears 

Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure. The comments by Jean-Pierre Kambila, Kabila's deputy chief of staff, come amid uncertainty about whether the president intends to sign the new code, which raises taxes on miners, or whether he might let the bill become law without his signature. Click here to read full stories.

Feb 21 - Mongolia says can build power plant to supply Oyu Tolgoi mine 

Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto, to an agreement to use Mongolian power. Tensions have mounted between the Mongolian government and its fellow shareholders in Oyu Tolgoi, where Rio Tinto is operating a huge underground extension. Click here to read full stories.

Feb 21 - Southern Copper wins tender for Peru's Michiquillay mine 

Southern Copper Corp won a tender to develop Peru's estimated $2 billion Michiquillay copper mine in an auction that attracted just two bidders, the government's Proinversion investment agency said on Tuesday. Southern, controlled by Grupo Mexico SAB de CV, won with a proposal to transfer $400 million to the government and pay 3 percent royalties, beating out Compania Minera Milpo, which had offered $250 million in transfers and 1.875 percent royalties. Click here to read full stories.

Feb 20 - BHP's half year profit jumps 25 pct, boosts dividend 

The world's biggest miner BHP Billiton, reported a 25 percent rise in underlying half-year profit on Tuesday, helped by robust metals prices, and said its focus remains on cutting debt and boosting shareholder returns. BHP said its plan to sell its onshore U.S. shale assets, which it has in its books at $14 billion, was progressing to plan with initial bids expected in the June quarter.  Click here to read full stories.

Feb 20 - Rusal says will consider executive changes on Feb. 22 

Russian aluminium giant Rusal said on Tuesday there had been no changes to the roles of chief executive officer (CEO) or president at the company, although a board meeting would be held on Thursday to consider executive changes. Russian billionaire Oleg Deripaska plans to step down as president of the two companies he controls - Rusal and En+ Group, two sources familiar with the matter told Reuters. Click here to read full stories.

Feb 20 - Japan's steel industry urges Trump to make careful trade decision 

Japan's steel industry said on Monday the U.S. Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. The U.S. Commerce Department recommended on Friday that Trump impose steep curbs on steel and aluminium imports from China and other countries, ranging from global and country-specific tariffs to broad import quotas. Click here to read full stories.

Feb 20 - Australian Mines shares surge on SK Innovation off-take deal 

Shares of battery and technology metals developer Australian Mines Ltd surged on Tuesday after the company signed an offtake agreement with South Korean battery maker SK Innovation for nickel and cobalt from its Sconi project. The commodity off-take agreement, which is for an initial period of 7 years, is for SK Innovation's newly developed battery manufacturing plant in Hungary and Korea. Click here to read full stories.

Feb 20 - AngloGold posts lower FY earnings on lay-off costs, silicosis provision 

Africa's top bullion producer AngloGold Ashanti posted lower annual earnings on Tuesday, hit by restructuring costs and $46 million in provisions for an expected settlement in a class-action suit related to a fatal lung disease. "Adjusted headline earnings for 2017 include the impact of retrenchment provisions in the South Africa region of $71 million (post-tax) and the provision for the settlement of the silicosis class action claims and related expenditure of $46m (post-tax)," the company said. Click here to read full stories.

Feb 20 - Global mining deals jump 15 pct by value in 2017 - EY 

The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets. Mining and metals deals totalled $51 billion last year, up 15 percent from 2016 and dominated by coal and steel transactions, although the volume of transactions fell 6 percent. Click here to read full stories.

Feb 20 - Vedanta seeks to expand zinc output after price rally 

Vedanta may accelerate expansion of its African zinc operations to take advantage of prices that have reached their highest levels in a decade because of a shortfall following years of under-investment, its international zinc head said. The rally in zinc prices to their highest since 2007 has helped to boost the overall profits of Vedanta, which has zinc projects in India, South Africa and Namibia. Click here to read full stories.

Feb 20 - U.S steel import tariff could hurt South African steel sector - industry body 

A tariff on steel imports to the United States could hurt the South African sector which has battled against cheap imports and slow economic growth dampening construction, an industry group said on Monday. The Steel and Engineering Industries Federation of South Africa (SEIFSA), an employer federation representing the metal and engineering industry, said it is concerned the implementation of the tariff could decrease local production. Click here to read full stories.

Feb 20 - Russia's NLMK Q4 core earnings up 51 pct y/y, beat f'cast 

Russia's largest steelmaker NLMK said on Tuesday its core earnings rose 51 percent year-on-year to $786 million in the fourth quarter of 2017, beating analysts' expectations on the back of higher steel prices and increased sales. Analysts polled by Reuters had expected NLMK, controlled by billionaire Vladimir Lisin, to post earnings before interest, taxation, depreciation and amortisation (EBITDA) of $734 million. Click here to read full stories.

Feb 19 - All aboard for hedge funds as trade tide lifts shipping

Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors, including dry bulk, are on course for a recovery this year after a near-decade long crisis, ratings agency S&P said in a report last week. Click here to read full stories.

Feb 19 - Nippon Steel worries about U.S. trade action, yen's surge

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, is worried that potential U.S. trade action to cut steel imports could flood Asia with products and that the yen's recent surge may hurt customers such as carmakers. U.S. President Donald Trump said early last week he was considering a range of options - including tariffs and quotas - to address steel and aluminium imports he said were unfairly hurting U.S. producers. Click here to read full stories.

Feb 19 - Congo's cobalt hopes risk the same ruinous road as Thai rice: Russell 

What do the moves by the Democratic Republic of the Congo (DRC) to boost its share of the country's cobalt bounty have in common with the former Thai government's attempts to control the global market for rice exports? Both are examples of dominant producers of a commodity trying to extract more wealth from that position. Click here to read full stories.

Feb 19 - Amplats declares first dividend in 7 years, plans no big projects this year

Anglo American Platinum (Amplats)  the world's top platinum producer, declared its first dividend in seven years on Monday as full-year headline earnings more than doubled and said it was not committing capital to major projects in 2018. Amplats announced a cash dividend of 900 million rand or 3.49 rand per share for the second half of 2017. It said it had reduced its net debt to 1.8 billion rand from 7.3 billion. Click here to read full stories.

Feb 19 - Australian Mines signs off-take deal with Korea's SK Innovation

Battery and technology metals developer Australian Mines Ltd said on Monday it signed a deal with Korea's SK Innovation Co Ltd to supply cobalt sulphate and nickel sulphate from its flagship Sconi project. The commodity off-take agreement, which is for an initial period of 7 years, is for SK Innovation's newly developed battery manufacturing plant in Hungary and Korea, the company said. Click here to read full stories.

Feb 19 - Philippines' 2017 nickel ore output down 6 percent

Nickel ore output in the Philippines, the world's top supplier, dropped 6 percent last year as several mines were under maintenance or temporarily closed due to environmental issues, the mines bureau said on Monday. Thirteen of the country's 30 nickel mines had no output last year, the Mines and Geosciences Bureau (MGB) said in a report. Click here to read full stories.

Feb 19 - U.S. Commerce Department proposes hefty import curbs on steel, aluminum

The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. China's Commerce Ministry responded by saying the report was "baseless" and did not accord with the facts, and that China would take necessary steps to protects its interests if the final decision affects China. Click here to read full stories.

Feb 19 - Nickel flies on supply hits; Indonesia could ground it: Andy Home

Nickel has enjoyed a blistering start to 2018. On the London Metal Exchange (LME) three-month nickel has this week punched up through the $14,000 level for the first time since May 2015 to hit a Thursday high of $14,420 per tonne. Click here to read full stories.

Feb 19 - Tokyo Steel to freeze product prices in March after 3 months of hikes

Tokyo Steel Manufacturing Co Ltd  Japan's top electric-arc furnace steelmaker, said on Monday it will freeze product prices in March after three months of hikes reflecting tight markets as well as rising transportation costs. "The domestic market remains solid with healthy demand from automobile and construction segments," Tokyo Steel's Managing Director, Kiyoshi Imamura, told reporters at a briefing.  Click here to read full stories.

Feb 19 - Speculators cut net long positions in COMEX gold, copper - CFTC

Hedge funds and money managers cut their net long positions in COMEX gold and copper contracts in the week to Feb. 13, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. Speculators switched to a net short position in silver futures and options, according to the data. Click here to read full stories.

Feb 19 - U.S. seeks to boost output of 35 minerals, reduce import reliance

The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. Click here to read full stories.

Feb 19 - South Africa government, mining group agree to postpone court challenge

A South African industry group representing mining companies has agreed to postpone a court challenge against new regulations that included a requirement for more black ownership of mines, to allow for negotiations with new President Cyril Ramaphosa. The uncertainty around the new rules has deterred investment into a sector that accounts for 8 percent of South Africa's economic output. Click here to read full stories.

Feb 16 - As mining investors push caution, Glencore differs from rivals 

As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions. Like other big rivals, Glencore is expected to lift its dividend payout when it reports results next week, but the Swiss miner and trader is also "open for business" when it comes to buying mines or companies, its chief financial officer said in December. Click here to read full stories.

Feb 16 - Ghost stocks are still haunting the LME's aluminium contract: Andy Home 

London Metal Exchange (LME) stocks of aluminium have surged by almost a quarter of a million tonnes over the last five days. A cumulative 265,475 tonnes have "arrived" in the LME's warehouse network, including 166,225 tonnes on Monday, which showed up in the exchange's Tuesday stocks report. Click here to read full stories.

Feb 16 - Japan's Mitsui to raise stake in Chile's Collahuasi copper mine 

Japanese trading house Mitsui & Co Ltd said on Friday it will reshuffle its copper assets in Chile, increasing its stake in the Collahuasi mine and selling a small stake in the Los Pelambres mine, boosting its overall copper volumes. Mitsui said it would buy a 3.6 percent stake in Collahuasi from JX Nippon Mining & Metals, a unit of JXTG Holdings Inc, taking its total stake to 11.03 percent. It would sell its 1.25 percent stake in Los Pelambres to JX Metals and trading company Marubeni Corp. Click here to read full stories.

Feb 16 - Potanin offers to buy Abramovich's stake in Nornickel, Rusal tries to block deal 

Russian billionaire Vladimir Potanin has made an offer to purchase a minority stake in Russia's Norilsk Nickel from Roman Abramovich and his partners, Interros holding, which manages Potanin's assets, told Reuters. Aluminium giant Rusal, which also owns a stake in Nornickel, is seeking an injunction in a London court to block the deal, Interros said. Click here to read full stories.

Feb 16 - Norway's Norsk Hydro Q4 core earnings below forecasts on one-off costs 

Aluminium producer Norsk Hydro reported fourth-quarter core earnings below forecasts on Friday blaming one-off costs related to the acquisition of aluminium products firm Sapa, but its key unit's figures met or were above forecasts. The Norwegian firm's fourth-quarter core underlying earnings before interest and taxes rose to 3.56 billion Norwegian crowns ($459.91 million) from 1.83 billion crowns a year earlier, but missed expectations of 3.79 billion crowns based on a Reuters poll of analysts.  Click here to read full stories.

Feb 16 - Freeport, Amman awaiting green light on 2018 Indonesia copper exports 

The Indonesian unit of Freeport-McMoRan Inc and fellow copper miner Amman Mineral Nusa Tenggara (AMNT) are waiting for last-minute mining ministry approvals to their applications to extend copper concentrate exports, company officials said. Freeport's export permit for Grasberg, the world's second-biggest copper mine, is due to expire on Friday, as is Amman's permit to ship ore concentrate from its Batu Hijau mine on the island of Sumbawa. Click here to read full stories.

Feb 16 - Russia's Polyus 2017 adjusted net profit up 7 pct 

Polyus, Russia's largest gold producer, posted a 7 percent increase in 2017 adjusted net profit to $1.02 billion, the company said on Thursday. The gold producer saw rising sales last year and expects to both invest and produce more in 2018, as it aims to ramp up production at its newly-launched Natalka gold deposit in Russia's far east. Click here to read full stories.

Feb 16 - Chinese Cash Market Prices for all Commodities are closed, due to a holiday ( Chinese New Year)

Feb 15 - Platinum market set for another surplus in 2018 - Johnson Matthey 

The platinum market is set for another surplus this year after recording oversupply of 110,000 ounces in 2017, Johnson Matthey said in a report on Wednesday, although its sister metal palladium is tipped to see another deficit. Platinum demand fell nearly 7 percent last year, with sharp falls seen in Japanese investment and Chinese jewellery buying as well as a slowdown in consumption by carmakers, who use the metal in catalytic converters, the company said. Click here to read full stories.

Feb 15 - Japanese trading houses on the prowl as record earnings boost appetite 

Japan's trading houses are scouting for assets as they enjoy their best profit outlook in six years, driven by higher prices for commodities from metals and coking coal to oil and natural gas. Equipped with a nearly $50 billion war chest, trading houses are looking to bolster their global commodity supply chain networks, eyeing gas fields in Australia, oil in Iraq and coal and copper assets. Click here to read full stories.

Feb 15 - Barrick Gold sees output slide as reserves fall 

Canada's Barrick Gold Corp, the world's biggest gold producer, forecast an output drop over the next four years on Wednesday, with mining costs flat to higher. Barrick, which reported quarterly earnings that matched market expectations, said its reserves of unmined gold dropped by 25 percent last year to 64.5 million ounces, as it sold off mine stakes and changed its plan for a South American asset. Click here to read full stories.

Feb 15 - Russia's EN+ says no formal decision on secondary share offering 

Russia's En+ Group said on Thursday it had made no formal decision to carry out a secondary public offering of shares (SPO). Three sources told Reuters earlier this week that En+ has invited international banks to pitch for the sale of $1 billion of shares in the company that manages the aluminium and hydropower businesses of Russian businessmen Oleg Deripaska.  Click here to read full stories.

Feb 15 - Australia's South32 says steel demand buoys H1; costs, buyback pace seen hitting shares 

Australian miner South32 Ltd, the world's biggest manganese producer, said first-half profit jumped 14 percent, slightly below estimates, after it cranked up production of the steelmaking ingredient amid strong demand and high prices. South32, spun off from global mining giant BHP in 2015, said in a statement that underlying profit for the six months ended Dec. 31 grew to $544 million. That was short of the average estimate of $574 million from four analysts, and with company watchers saying costs had crept up, the stock slipped nearly 3 percent. Click here to read full stories.

Feb 15 - Teck sees strong demand for steelmaking coal in 2018 

Teck Resources Ltd, the world's second-biggest exporter of steelmaking coal, said on Wednesday that growing global steel production is expected to boost demand for its coal in 2018, though coal trade competition will also likely rise. Vancouver-based Teck, which also mines copper, zinc, gold and oil sands, said it is "feeling pretty good about 2018" after reporting in-line financial results. Click here to read full stories.

Feb 15 - UK watchdog slow to stop "vulture" advisers ripping off steelworkers - lawmakers 

Britain's markets watchdog was too slow to prevent "vulture" financial advisers from ripping off steelworkers faced with critical decisions over their 14 billion pound ($19.4 billion) pension pot, lawmakers said in a report on Thursday. Advice on transferring pension pots and the punitive fees charged were another major mis-selling scandal, parliament's work and pensions committee said in the critical 39-page report. Click here to read full stories.

Feb 15 - Australian gold miner Newcrest says profit slides on output disruptions 

Australia's top gold miner, Newcrest Mining Ltd, on Thursday reported a 58-percent fall in half-year underlying profit, dragged down by disruptions such as an earthquake hitting one of its key sites earlier in 2017. Underlying profit slid to $116 million in the six months to Dec. 31, down from $273 million the year before and below a forecast of $143 million based on the average of three estimates in a poll of analysts. Click here to read full stories.

Feb 15 - Chile's Antofagasta receives approval for Los Pelambres upgrade 

Chilean mining company Antofagasta received environmental approval for a major $1.1 billion revamp of its Los Pelambres copper mine, the regional government of Coquimbo said on Wednesday. The three-stage infrastructure upgrade, unveiled in 2016, seeks to maintain the mine's copper  output at approximately 400,000 tonnes of copper annually. Click here to read full stories.

Feb 14 - London Metal Exchange aims to ban metal sourced with child labour 

The London Metal Exchange could remove companies from its list of approved metal suppliers if they fall short of industry standards following an outcry about cobalt mined by children in Africa, three sources said. The exchange will issue principles for responsible sourcing in coming months and producers will have to show their metal meets industry standards that conform with the new LME guidelines, the sources familiar with the matter said. Click here to read full stories.

Feb 14 - Trump weighs tariffs, quotas on U.S. steel, aluminum imports 

U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, including tariffs and quotas. Trump's comments - his strongest signal in months that he will take at least some action to restrict imports of the two metals - came in a meeting with a bipartisan group of U.S. senators and representatives at the White House. Reporters were present for part of the meeting. Click here to read full stories.

Feb 14 - Steel unit boosts Thyssenkrupp profit ahead of Tata Steel tie-up 

German industrial and technology group Thyssenkrupp said on Wednesday first-quarter operating profit rose by more than a third, boosted by a recovery at its steel unit, which is to be merged with Tata Steel's European operations. Operating profit at Thyssenkrupp's Steel Europe division rose nearly sixfold to 160 million euros ($198 million) due to improved prices that also led Tata Steel and market leader ArcelorMittal to post strong results in recent weeks. Click here to read full stories.

Feb 14 - Tin market's bull credentials undermined by surging supply: Andy Home 

You might think the tin market is on a bull charge. Three-month tin on the London Metal Exchange (LME) recorded a high of $22,000 per tonne on Jan. 29, a level last seen in November 2016. The soldering metal has since retreated to $21,430 but is still the strongest year-to-date performer among the LME base metals pack, with gains of almost 7 percent. Click here to read full stories.

Feb 14 - S.Korea to take dispute on U.S. steel anti-dumping duties to WTO 

South Korea's trade ministry said on Wednesday it will take a dispute to the World Trade Organization against the United States for imposing high anti-dumping duties on South Korean steel and transformers. The move comes after the United States in May 2016 slapped anti-dumping duties on Korean steel products and transformers of up to 60.81 percent by applying the Adverse Facts Available (AFA) provision. Click here to read full stories.

Feb 14 - Central Asia Metals looks to enter Africa in search of copper project 

Base metals miner Central Asia Metals (CAML) is on the hunt for a new copper project in Southern Africa for up to $400 million in what would be its first foray into the continent, its chief executive said. The London-listed company, which has two mines in Kazakhstan and Macedonia, is prepared to spend $300 million-$400 million in countries including Namibia, Botswana and Zambia, CAML's Nick Clarke told Reuters. Click here to read full stories.

Feb 14 - Gold Fields profit falls on lower South Africa output 

Gold Fields Ltd said on Wednesday its full-year profit fell 4 percent, with production from its last South African asset South Deep falling below guidance. Diluted headline earnings per share (HEPS) from continuing operations fell to $0.24 for 2017 from $0.25 in the previous year, but in line with what was flagged to the market. Click here to read full stories.

Feb 13 - China urges U.S. restraint on steel imports 

China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in a probe into steel imports, an official with Chinese Ministry of Commerce (MOFCOM) said on Tuesday. Wang Hejun, the head of MOFCOM's Trade Remedy and Investigation Bureau, made the comments ahead of a meeting later in the day between U.S. President Donald Trump and a group of U.S. lawmakers to discuss trade. Trump is mulling whether to takes steps to limit steel and aluminium imports seen as damaging to U.S. businesses.  Click here to read full stories.

Feb 13 - Australia's BHP flags $1.8 bln charge from U.S. tax reform 

BHP Billiton said on Tuesday it will record a $1.8 billion income tax expense due to cuts in the U.S. Federal corporate income tax rate. The expense, which will be treated as an exceptional item, consists mainly of a non-cash charge on deferred taxes of $898 million and another charge on foreign tax credits of $834 million. Click here to read full stories.

Feb 13 - Tata to invest in Port Talbot steel plant post Thyssenkrupp merger - sources 

Tata Steel will finance the repair of a blast furnace at Britain's largest steelworks in Port Talbot, Wales, extending its life by seven years and soothing concerns about its commitment to Europe's steel sector, four sources told Reuters. India's Tata Steel signed a preliminary deal last year to merge its European steel assets with those of Germany's Thyssenkrupp in a move driven chiefly by a need to address steelmaking overcapacity in Europe. Click here to read full stories.

Feb 13 - S&P upgrades Rio Tinto, flags well-placed for M&A 

Standard & Poor's on Tuesday raised its credit rating on global miner Rio Tinto for the first time since 2011 on the back of strong financial results and said the global miner could easily fund a big acquisition. S&P said one of the main factors that led to the upgrade to 'A' from 'A-' was Rio Tinto's sharp reduction in debt over the past four years and its "willingness to keep it low", which would shore it up well against any future downturns. Click here to read full stories.

Feb 13 - Cobalt cannot be eradicated from electric car batteries - Umicore 

Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of nickel used in electric vehicle batteries to boost energy density, while reducing cobalt use to cut costs. Click here to read full stories.

Feb 13 - Aurubis Q1 earnings surge, sees stable full-year results 

Aurubis AG, Europe's biggest copper smelter, on Tuesday posted a more than fourfold surge in fiscal first-quarter operating earnings and stood by its expectation of stable earnings in its new year. Significantly higher concentrate (ore) throughput and increased refining charges for copper scrap helped the results, the company said. Click here to read full stories.

Feb 13 - Australia lithium miner Pilbara Minerals outlines expansion plan; shares jump 

Australian lithium miner Pilbara Minerals Ltd said on Tuesday a pre-feasibility study has supported its plan to more than double capacity at its Western Australian operations, pushing its shares up more than 10 percent. Pilbara Minerals, which has strategic off-take and financing agreements with Chinese lithium producer Ganfeng Lithium and automaker Great Wall Motor Co, said the expansion could be commissioned as soon as the fourth quarter of 2019. Click here to read full stories.

Feb 13 - Acacia Mining scraps dividend after slumping to annual loss 

Acacia Mining has scrapped its 2017 dividend after slumping to a $707 million yearly net loss on the back of a hefty charge on the value of its main assets in Tanzania, sending its shares down more than 14 percent. Acacia, Tanzania's largest gold miner, is struggling with a ban on concentrates introduced in March which has forced it to reduce operations at its flagship Bulyanhulu mine. Click here to read full stories.

Feb 13 - South African miner Harmony Gold's H1 profit rises 49 pct 

South African miner Harmony Gold's half-year profit rose 49 percent, boosted by improved performance at its South African operations, the firm said on Tuesday. Headline earnings per share (HEPS), the main profit measure in South Africa that strips out certain one-off items, rose to 2.24 rand per share ($0.19) for the six months ended Dec. 31, 2017 from 1.50 rand per share ($0.13) in the previous period. Click here to read full stories.

Feb 12 - LME says likely to make fee cuts permanent after volumes rise

The London Metal Exchange (LME) was likely to make fee cuts permanent on short- and medium-dated carry trades after volumes on those trades rose in January, despite slightly weaker overall turnover, it said on Friday. The LME cut fees on short-dated carries in October and on medium-dated carries in November in a bid to revive volumes after total turnover on the exchange fell by 4.3 percent in 2015 and 7.7 percent in 2016.  Click here to read full stories.

Feb 12 - Rail fight threatens coal giants' Australian exports

Australia's top coal hauler, Aurizon Holdings Ltd, is on course for a showdown with the world's biggest coal exporters after a regulator capped the revenue it can charge at A$1 billion ($783 million) less than the company sought. BHP Billiton, Glencore, Anglo American, Peabody Energy and others face cuts of nearly a tenth of their coal export volumes from Queensland state, the country's biggest coal exporter, after Aurizon said the tough revenue cap would cut throughput on its network. Click here to read full stories.

Feb 12 - Speculators cut net long positions in COMEX gold, silver - CFTC

Hedge funds and money managers slashed their net long position in COMEX gold for the first time in eight weeks in the week to Feb. 6, and cut it in silver, U.S. Commodity Futures Trading Commission data showed on Friday. Money managers cut their net long position in bullion by 23,169 to 191,426 lots, the data showed. The boost came as prices fell to 2-1/2-week low as investors focused on expectations for higher U.S. interest rates. Click here to read full stories.

Feb 12 - Acacia Mining scraps dividend after profit hit by Tanzania export ban

Acacia Mining has scrapped its 2017 dividend after full-year core earnings fell by more than a third because of a ban on unprocessed mineral exports in Tanzania, it said on Monday. The company, which is majority owned by Barrick Gold, said full-year earnings before interest, tax, depreciation and amortisation (EBITDA) fell 38 percent to $257 million after taking a $644 million impairment charge. Click here to read full stories.

Feb 12 - Asia Gold-Price dip perks up demand ahead of festive, wedding seasons 

Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India. Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar.  Click here to read full stories.

Feb 12 - Venezuela army clashes with illegal miners, 18 reported dead 

Soldiers clashed with illegal miners in southern Venezuela on the weekend, killing 18 people in a region notorious for violence and gang rivalries, alawmaker and local media said. Bolivar state Governor Justo Noguera said a military unit had fought off an attack, but gave no more details. "An investigation is under way," he told reporters. Click here to read full stories.

Feb 12 - China's top steel city to extend winter output curbs 

China's top steelmaking city of Tangshan said on Friday it would extend restrictions on production beyond the end of the winter heating season on March 15. A document on the Tangshan government's website said the city would draw up a plan to continue some curbs, including on eight central steel mills, by the end of this month. Click here to read full stories.

Feb 12 - Endeavour in talks to avert Ivory Coast protests over gold production plans

Endeavour Mining has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4 percent this year, its country manager said on Friday. The Canadian company's Agbaou and Ity mines yielded a combined 236,000 ounces of gold last year, and plan to produce 245,000 in 2018. Click here to read full stories.

Feb 12 - Kumba Iron Ore reverses Sishen mine-linked impairment charge 

South Africa's Kumba Iron Ore said on Friday it had reversed a 4.8 billion rand ($396 million) pretax impairment charge on its Sishen mine in its 2017 results, following an said reversal, net of tax and non-controlling interest, was 2.6 billion rand and would be included in its basic earnings but excluded from headline earnings. Click here to read full stories.

Feb 09 - Confidence about U.S. economic growth repelled investors from gold

Confidence that the U.S. economy is still relatively strong kept investors away from gold as a safe haven during this week's wild stock market ride. Gold failed to attract investors fleeing from the biggest selloff in six years in global equities as U.S. Treasury yields rose to four-year highs.  Click here to read full stories.

Feb 09 - U.S. aluminum foil makers say Chinese imports 'devastated' industry

U.S. aluminum foil producers on Thursday described a systematic effort by Chinese competitors to force them out of the business, arguing before a U.S. trade panel that they need anti-dumping duties to survive and invest. At a hearing before the U.S. International Trade Commission, aluminum industry executives argued that preliminary anti-dumping and anti-subsidy duties against Chinese foil should be locked in place to allow an industry "devastated" by unfairly low prices to regain its footing. Click here to read full stories.

Feb 09 - Nippon Steel, Ternium agree to mend dispute over Usiminas

Nippon Steel & Sumitomo Metal said on Friday it has agreed new governance rules at Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) with co-owner Ternium SA in a bid to end their long-standing dispute. More than three years of boardroom fights between Nippon Steel and Ternium for control of Usiminas have distracted management and hampered efforts to buffer Brazil's largest listed maker of flat steel from the country's worst recession on record. Click here to read full stories.

Feb 09 - Risk of disappointment for copper bulls as wage deals sealed

Copper bulls who are betting on labour strife this year due to a full calendar of contract talks may be disappointed if early wage deals at two copper mines are a signpost for further agreements with mine workers. Benchmark copper prices rallied 12 percent in December, partly due to fear of shortages if workers go on strike since many major operations in top producers Chile and Peru have contacts expiring this year, including at top mine Escondida. Click here to read full stories.

Feb 09 - China gives new incentives to boost high-quality coal capacity

China plans to increase high-quality coal supply by allowing mines to boost capacity if they shut outdated production processes, the latest effort by authorities to further streamline the industry and stabilise coal prices. Coal companies will be encouraged to close inefficient and polluting mines and replace them with larger ones if they meet certain standards, the National Development and Reform Commission (NDRC) said in a statement on Friday. Click here to read full stories.

Feb 09 - Randgold could lose $10 mln a year under proposed Congo mining code

Randgold Resources could lose $10 million per year if a proposed change to the Democratic Republic of Congo is signed into law, Chief Executive Mark Bristow said. "At the top end it would be $10 million a year," Bristow told Reuters, referring to the financial impact of the new law. Click here to read full stories.

Feb 09 - South Africa's Gold Fields says headline earnings to fall up to 12 pct

South Africa's Gold Fields  said on Thursday it expects full-year profit to fall as much as 12 percent due to impairments and increased amortisation cost at its mines. The bullion miner flagged headline earnings per share -- the main gauge of profit in South Africa -- of $0.23 to $0.26per share for the year ended Dec. 31, 2017, or between unchanged and up to 12 percent lower compared to a year earlier. Click here to read full stories.

Feb 08 - China iron ore imports hit 2nd-highest on record on restocking

China's iron ore imports jumped to the second highest level on record in January as the world's top buyer built stockpiles ahead of the Lunar New Year holiday and the lifting of steel production curbs next month. Shipments of the steelmaking raw material in January climbed 19 percent from December to 100 million tonnes, customs data showed on Thursday. Click here to read full stories.

Feb 08 - China Jan copper imports fall 2.2 pct, but scrap crackdown cushions drop

China's unwrought copper imports fell for a second straight month in January as winter restrictions on the construction sector and high domestic production rates continued to crimp demand for metal from overseas. Last month's imports of unwrought copper, which includes anode, refined, and semi-finished copper products, stood at 440,000 tonnes, according to data from the General Administration of Customs on Thursday.  Click here to read full stories.

Feb 08 - Smelters expected to reduce zinc processing fees amid mine supply shortage

Zinc smelters are set to accept lower fees for processing concentrate into metal when annual contracts are hammered out next week at a conference in California, as a crunch in mine supply stretches into a third year. Treatment charges (TCs), the fees miners pay smelters to process their ore, are likely to fall by at least 13 percent to $140-$150 a tonne or below for 2018 term contracts, from around $172 a tonne last year, according to four trader and analyst sources. Click here to read full stories.

Feb 08 - Why Tesla is turning to Chile for its lithium: Andy Home

Tesla, the pioneer of the electric vehicle revolution, is turning to Chile to secure the lithium it needs to power its mass production drive. Tesla and Chilean lithium producer SQM are "exploring" opportunities after the automotive company expressed interest in buying "important volumes" of the battery ingredient, according to Eduardo Bitran, head of Chilean development agency Corfo. Click here to read full stories.

Feb 08 - China's war on noxious smog stokes rally in minor metals

China's environmental crackdown is curbing supplies of minor metals such as steel-making ingredient vanadium and defence equipment material germanium, and fuelling an already potent price rally which shows no sign of abating. Strict environmental rules and inspections to ensure standards are being met has meant cutbacks and shutdowns in high-polluting industries such as mining, smelting and recycling, hitting China's output of metal. Click here to read full stories.

Feb 08 - Japan trader Sumitomo Corp books record April-Dec profit, lifts full-year outlook

Japanese trading house Sumitomo Corp booked a 127 percent jump in April-December profit amid stronger metals prices and lifted its annual income outlook by 7 percent to a record thanks to expected gains from a U.S. corporate tax cut. Sumitomo is now forecasting a record net profit of 300 billion yen ($2.7 billion), up from its previous guidance of 280 billion yen and beating a mean estimate of 288 billion yen among 7 analysts surveyed by Thomson Reuters I/B/E/S. Click here to read full stories.

Feb 08 - Petra Diamonds seeks debt deal to avoid loan default

African miner Petra Diamonds is likely to strike a deal with its lenders that could include a waiver or a reset of its debt covenants within the next month, its chief executive Johan Dippenaar said. The London-listed mining company said last week it had started negotiations with its lenders for debt agreements relating to its EBITDA for December 2017 and June 2018. Click here to read full stories.

Feb 08 - An investor's best friend? Israel Diamond Exchange launches digital coins

Israel's diamond exchange is turning to digital currencies to inject new life into a marketplace long ruled by cash and backroom handshakes, but it must first persuade traditionally conservative players that the technology can work. One of the world's largest diamond centers, the exchange hopes its virtual currency will make trading more efficient and less opaque. Click here to read full stories.

Feb 07 - Rio Tinto boosts cash returns as profit hits three-year high

Rio Tinto handed shareholders a record annual dividend on Wednesday as stronger commodity prices helped the global miner to its highest annual profit in three years, and pointed to strong momentum for the global economy. Rio, which also announced an additional $1 billion share buyback, reported a 69 percent jump in underlying earnings for calendar 2017 to $8.63 billion, roughly in line with analyst estimates of $8.74 billion, according to Thomson Reuters I/B/E/S. Click here to read full stories.

Feb 07 - Copper miner Freeport-McMoRan reinstates dividend on stronger outlook

Freeport-McMoRan Inc reinstated its cash dividend on Tuesday, three years after suspending it, reflecting a stronger financial position, improved market conditions and a positive outlook for cash generation. Freeport, the world's biggest publicly listed copper producer, declared a quarterly dividend of 5 cents a share. Click here to read full stories.

Feb 07 - Congo minister declines to say whether new mining code signed into law

The Minister of Mines for Democratic Republic of Congo Martin Kabwelulu declined on Wednesday to say whether President Joseph Kabila had signed a new mining code into law that the industry opposes because it will raise royalties and taxes. The new code, which parliament approved late last month, could see royalties on cobalt, a vital component in electric car batteries, increase five-fold to 10 percent.  Click here to read full stories.

Feb 07 - India's top court cancels iron ore mining permits in Goa- petitioners

India's Supreme Court has quashed all iron ore mining permits in Goa, one of the country's top producing states for the steel making raw material, an environmental group that petitioned the government to halt the mining said on Wednesday. Mining in the southwestern state of Goa, which produces low-quality iron ore, will stop after March 15 and the government will need to issue new licenses, Claude Alvares, who heads the environmental group Goa Foundation, told Reuters by telephone from outside the court in New Delhi. Click here to read full stories.

Feb 07 - Miner Barrick to take $429 mln charge at stalled gold project

Barrick Gold Corp expects to record a pre-tax charge of around $429 million at its stalled Pascua-Lama project in South America in the fourth quarter due to reclassifying its gold reserves. Barrick, the world's biggest gold miner by output, also said it had formed a working group with China's ShandongGold to study a potential partnership at Pascua-Lama, which straddles the border of Chile and Argentinain the Andes Mountains. Click here to read full stories.

Feb 07 - ArcelorMittal to exit India's Uttam Galva to make way for new steel bids

ArcelorMittal is set to sell its entire stake in India's Uttam Galva Steels  to the company's founders at less than the market price of the stock, a member of Uttam Galva's founding Miglani family told Reuters on Tuesday. The sale could free ArcelorMittal, the world's biggest steelmaker, to bid for other Indian steel assets which are being auctioned off as part of insolvency proceedings. Click here to read full stories.

Feb 06 - Gold demand slid to eight-year low in 2017 - WGC 

A late rally in physical gold buying failed to prevent a drop in full-year demand last year to its lowest since 2009, the World Gold Council said on Tuesday, as weaker fund investment outstripped a bump in jewellery consumption. Global gold demand slid 7 percent in 2017 to 4,071.7 tonnes, an eight-year low, the WGC said in it latest quarterly demand trends report. Click here to read full stories.

Feb 06 - Global miners join forces to challenge new Congo code 

International mining companies operating in Democratic Republic of Congo are mounting a coordinated campaign against a new mining code they say will stifle investment there, Randgold's chief executive told Reuters. Mark Bristow said he expects the DRC government to agree to amend the code, which the Senate passed last month and raises royalties on metals such as gold, copper and cobalt as well as taxes on the companies themselves. Click here to read full stories.

Feb 06 - EU steel sector sees demand growth in 2018, import threat 

European steel demand is set to rise in 2018 with continued strength in most steel-using sectors, European steel association Eurofer said on Tuesday, while warning of a threat of rising imports. Apparent steel consumption, which excludes the impact of inventory changes, is set to rise by 1.9 percent in the 28 countries of the European Union this year, the same rate as in 2017, with solid demand seen from manufacturers and in construction. Click here to read full stories.

Feb 06 - China urges steel mills to step up safety checks after deadly accidents 

China's safety bureau on Tuesday urged steel mills to step up supervision and safety checks after 17 people were killed over the past week in two separate incidents related to gas leaks. Enterprises and local authorities should particularly step up safety supervision during maintenance and gas storage and transporation, the State Administration of Work Safety said in a statement published on its website. Click here to read full stories.

Feb 06 - As it hits six-year highs, is it lead's time to shine? Andy Home 

The price of lead traded on the London Metal Exchange (LME) hit $2,685 per tonne on Friday, its highest level since July 2011. The intervening six years have seen the odd, brief flurry of action but much of the time it's been pretty dull stuff. Click here to read full stories.

Feb 06 - Palladium rally may mean auto catalytic converter price hikes coming 

With the price of palladium spiking to a record high last month, the effects could be felt in the automotive industry as manufacturers of catalytic converters consider raising their prices and may change the mix of metals in their products. Increased automotive industry demand and a supply shortage boosted the price of palladium, the principal metal used in auto catalyst converters, to an all-time high of $1,138.00 on Jan. 15, according to records dating back to 1990. Click here to read full stories.

Feb 06 - Activist Elliott steps up calls for BHP to scrap dual listing 

Activist investor Elliott Advisors on Monday stepped up calls for the world's biggest mining company BHP to scrap its dual listing, demanding the company agree to review the matter by the time it posts results on Feb. 20. Elliott has previously urged BHP to change its structure, with listings in both Britain and Australia, but the company has resisted. Click here to read full stories.

Feb 06 - Japanese trader Marubeni books record Apr-Dec profit on higher coal, copper prices 

Japanese trading house Marubeni Corp on Tuesday posted a 53-percent jump in April-December net profit and lifted its full-year forecast by 18 percent, boosted by higher copper and coal prices. Marubeni's net profit for the nine months through Dec. 31 grew to a record 164.8 billion yen ($1.52 billion), mirroring similar strong results from peers Mitsubishi Corp, Mitsui & Co Ltd and Itochu Corp. Click here to read full stories.

Feb 06 - De Beers returns to South African roots with Kimberley exploration drive 

Almost 130 years after diamond giant De Beers emerged from mines around the dusty South African town of Kimberley, the company is going back to its roots with a clutch of exploration permits to prospect for gem deposits near the place of its birth. South Africa is hardly virgin territory for mineral exploration: over a third of the gold ever produced in history has been extracted from beneath its soil, and industrial-scale diamond mining goes back over a century. Click here to read full stories.

Feb 06 - Bluejay Mining seeks pigment riches as Greenland's ice retreats 

Bluejay Mining aims to achieve commercial output of the world's highest grade deposit of ilmenite, used in paint and toothpaste, in Greenland next year, now climate change has provided access to minerals once buried under snow and ice, its CEO said. The company last week said it had raised 17 million pounds ($24 million) in a nearly two-times oversubscribed share placement, to develop the deposit named Dundas, which it said has been proven to be the highest grade ilmenite asset. Click here to read full stories.

Feb 06 - Thyssenkrupp steel workers back labour plan ahead of Tata deal 

Steel workers at Germany's Thyssenkrupp voted on Monday in favour of a labour agreement that will safeguard jobs and plants in a planned joint venture with Tata Steel until 2026, removing another key hurdle for the tie-up. Although not essential to the creation of the planned joint venture, workers' approval of the labour agreement is seen as a precondition to getting the deal done as it removes the risk of strikes and potential delays. Click here to read full stories.

Feb 05 - Global steel sector in a sweet spot, but for how long? Home 

Global production of crude steel rose by 5.3 percent last year, according to the World Steel Association (WSA).  As remarkable as the pace of growth was the geographical spread. Only two of the world's top 20 steel-producing countries saw output contract last year. Click here to read full stories.

Feb 05 - India Jan gold imports plunge to 17-month low on subdued demand - GFMS 

India's gold imports in January dropped to their lowest in 17 months as prices rebounded and buyers postponed purchases in expectation of cuts in the import tax, provisional data from precious metals consultancy GFMS and bank dealers showed. The drop in purchases by India, the world's second-biggest consumer of gold after China, could weigh on global prices, which have risen over 7 percent in eight weeks. Click here to read full stories.

Feb 05 - Speculators raise net long positions in COMEX gold to record high - CFTC 

Hedge funds and money managers raised their net long position in COMEX gold contracts in the week to Jan. 30 to their highest level since late-September, while they also raised their net long position in silver contracts, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. Speculators cut their net long position in copper futures and options, CFTC said. Click here to read full stories.

Feb 05 - Blockchain to track Congo's cobalt from mine to mobile 

Blockchain is to be used for the first time to try to track cobalt's journey from artisanal mines in Democratic Republic of Congo through to products used in smartphones and electric cars. Sources close to a pilot scheme expected to be launched this year say the aim is eventually to give manufacturers a way of ensuring the cobalt in lithium-ion batteries for products such as iPhones and Teslas has not been mined by children. Click here to read full stories.

Feb 05 - Russia's Rusal says aluminium production up 0.6 pct in 2017 

Russian aluminium giant United Company Rusal Plc said on Monday its 2017 aluminium production increased 0.6 percent from a year ago to 3.707 million tonnes. Hong Kong-listed Rusal said its aluminium sales rose 3.6 percent year on year in 2017 to 3.955 million tonnes and the average realized price jumped 21.5 percent to $2,105 per tonne. Click here to read full stories.

Feb 05 - A third of S.Africa miners say no new investments in 2018 - survey 

A third of South Africa's largest mining companies are not considering any new investments in the sector in 2018 while one of them may even decide to pull out of the country, according to an industry survey unveiled by the Chamber of Mines on Monday. The mining sector in the world's top platinum producer has in the recent years been hit by soaring wage and power costs, depressed prices, violent social and labour unrest apart from policy uncertainties. Click here to read full stories.

Feb 05 - Russian steelmakers anticipate strong domestic demand in 2018 

Russian steelmakers are anticipating rising domestic demand in 2018 thanks in large part to Russia's economic recovery, despite expectations that current buoyant global steel prices would edge lower mid-year. Severstal, one of Russia's largest steel producers, posted better-than-expected financial results for the fourth quarter of 2017 on Friday and said it forecast a rise in domestic demand of 3 to 4 percent in 2018, after 5 percent growth the previous year. Click here to read full stories.

Feb 05 - Japanese trading house Mitsubishi Corp raises profit outlook on higher coal prices 

Japanese trading house Mitsubishi Corp on Monday reported a 12-percent rise in April-December profit and raised its full-year forecast again, boosted by stronger-than-expected coking coal prices. The company's recurring profit for the 9 months through Dec. 31 came to a record 416 billion yen ($3.78 billion). Its forecast for the year to March 31 was upgraded to a record 540 billion yen from 500 billion yen, beating a mean estimate of 522 billion yen among 9 analysts surveyed by Thomson Reuters I/B/E/S. Click here to read full stories.

Feb 05 - Randgold 2017 profit up 14 pct, doubles dividend 

African gold miner Randgold on Monday reported 2017 profit up 14 percent at $335 million thanks to increased production and said it would double its annual dividend. The company, which has operations in Ivory Coast, Democratic Republic of Congo, Mali and Senegal, also said its cash pile had increased 39 percent to $720 million by the end of the year and the company had no debt. Click here to read full stories.

Feb 02 - U.S. steel executives urge Trump to curb steel imports 

The chief executives of top American steel companies and related groups urged President Donald Trump on Thursday to urgently impose trade measures to curb excess steel capacity and surging imports they say are undermining the U.S. industry. A letter, sent to the White House and Congress by the American Iron and Steel Institute and the Steel Manufacturers Association, called on Trump to immediately act under the rarely used "Section 232" of a 1962 U.S. trade law, which allows for restrictions to protect national security. Click here to read full stories.

vNo sign of early contract talks at BHP's Escondida mine - Union 

The powerful union at BHP's Escondida copper mine, the world's largest, on Wednesday cast doubt on chances of starting talks on a new labor agreement with the company before formal negotiations scheduled for June. The 2,500-member Union 1, which held a strike for 43 days last year and cost BHP Billiton an estimated $1 billion, also questioned in a letter to members the legal rights of a newly formed competing union at the mine. Click here to read full stories.

Feb 02 - Japan steelmakers' profits surge; Kobe Steel reinstates forecast 

Japanese steelmakers, led by Nippon Steel & Sumitomo Metal Corp, on Thursday reported a surge in nine-month earnings, shrugging off an industrial quality scandal as Kobe Steel reinstated its annual net profit forecast. The earnings suggest the steelmakers escaped any sustained negative impact from the scandal kicked off when Kobe Steel in October admitted to discovering widespread product data tampering at some of its plants, undermining Japan's reputation for manufacturing excellence. Click here to read full stories.

Feb 02 - Miners' protest raises political temperature in Morocco 

Moroccans risking their lives scraping coal from abandoned mines have listened to local officials, the mining ministry and a close royal ally since they began protesting five weeks ago. Now some of them want the king himself to intervene. "When they closed the mines they offered us new jobs and compensation but nothing has happened," said one former miner in the northern town of Jerada who declined to be named, fearing reprisal. Click here to read full stories.

Feb 02 - Russia's Severstal says Q4 core earnings up 22 pct q/q 

Russia's Severstal, one of the country's largest steelmakers, said on Friday its core earnings rose 22 percent quarter-on-quarter in the last three months of 2017, beating analyst forecasts. Severstal said its earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled $754 million, up from $616 million in the previous quarter. Analysts polled by Reuters had forecast an EBITDA of $713.6 million. Click here to read full stories.

Feb 02 - Workers who were trapped in South Africa gold mine brought to surface 

Sibanye-Stillwate said on Friday that all the miners who were trapped underground at its Beatrix gold mine in South Africa had been brought to the surface. Company spokesman James Wellsted said 955 miners, trapped after a storm knocked out power, had been freed. Click here to read full stories.

Feb 02 - Sumitomo resumes output at Ambatovy nickel-cobalt project 

Japan's Sumitomo Corp said on Thursday it has resumed production at the Ambatovy nickel-cobalt project in Madagascar from end-January after halting operations earlier last month due to damages caused by cyclone. The operation at the Ambatovy is still slow, but it plans to gradually ramp up output, a Sumitomo spokesman said. Click here to read full stories.

Feb 02 - Ukraine steel output falls 6 pct in January - producers 

Ukraine's steel production fell 6 percent year-on-year to 1.91 million tonnes in January, Ukrainian steel producers' union Ukrmetallurgprom said on Friday. Steel output fell 12 percent to 21.3 million tonnes in 2017 after a 5.5 percent rise in 2016. Click here to read full stories.

Feb 02 - Chile miner CAP doubles earnings in 2017, shares rise 

Chile iron ore and steel producer CAP SA more than doubled its earnings in 2017 over the previous year, the company said in a year-end earnings report on Thursday, boosted by rising iron prices even as its total exports of the metal dropped. CAP reported profits of $130.3 million in 2017, more than double its earnings of $60.3 million in 2016. Click here to read full stories.

Feb 02 - Japan's Mitsui boosts profit forecast on higher iron ore, coal prices 

Japanese trading company Mitsui & Co Ltd on Friday said its April-December profits jumped over 60 percent from the year before and raised its full-year forecast to record levels, boosted by higher prices for iron ore and coking coal. Mitsui is now forecasting a net profit of 440 billion yen ($4 billion), up from its previous guideline of 400 billion yen, beating a mean estimate of 407 billion yen among 10 analysts surveyed by Thomson Reuters I/B/E/S. Click here to read full stories.

Feb 02 - Guinea's GDM ships first bauxite ore 

Guinean bauxite mining company La Guineenne des Mines (GDM) shipped the first ore from its project in the western Boke region on Thursday and will target exports of 2 to 4 million tonnes this year, its chief executive said. The first cargo of 174,000 tonnes of the aluminium ore was loaded onto ships operated by Singapore's Winning Shipping and Chinese firm Shadong Weiqiao at the port of Dapilon. Click here to read full stories.

Feb 02 - China's steel city mulls extending winter cuts; Hebei denies

China's Hebei province denied news reports on Thursday that it will extend steel production curbs imposed for the winter season, as sources told Reuters that authorities in the region's top steelmaking city Tangshan was considering such a move. The government for the northern province issued a statement on its Weibo account refuting local media reports that it would prolong restrictions on steel mills' operations by two months until mid-May. Click here to read full stories.

Feb 01 - A modern land run? Trump move opens Utah to mining claims under 1872 law 

U.S. President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials. Starting at 6 a.m. on Feb. 2 – the moment Trump’s proclamation reducing the size of the Bears Ears and Grand Staircase-Escalante National Monuments takes effect – private citizens and companies will be allowed to stake claims for hard rock mining in a process governed by the General Mining Law of 1872, according to the U.S. Bureau of Land Management. Click here to read full stories.

Feb 01 - Rio Tinto denies Dutch NGO allegation it avoided Oyu Tolgoi tax 

Rio Tinto, on Wednesday denied allegations by a Dutch non-profit organisation that it had avoided paying $700 million of tax to Mongolian and Canadian authorities relating to its giant Oyu Tolgoi copper project. Rio Tinto is investing about a $1 billion a year at Oyu Tolgoi in the Gobi Desert, where it operates a mine and is building an underground extension that would add approximately 500,000 tonnes of production a year in the next decade. Click here to read full stories.

Feb 01 - Glencore says copper output will rise as Katanga ramps up 

Glencore on Thursday said copper output in 2018 should rise to nearly 1.5 million tonnes as its Katanga mine in Democratic Republic of Congo ramps up to add roughly 150,000 tonnes. Copper output for the full-year 2017 fell by 8 percent to just over 1.3 million tonnes, while zinc production was roughly steady for 2017 and should stay around steady at just above 1 million tonnes in 2018, the company said. Click here to read full stories.

Feb 01 - Nippon Steel 9-mth profit doubles on higher product prices 

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, on Thursday posted a 108 percent rise in April-December profit, led by solid demand and higher prices for steel products, but kept its full-year forecast unchanged. Its recurring profit for the 9 months through Dec. 31 came to 225.48 billion yen ($2.06 billion) and its forecast for the year to March 31 remained at 300 billion yen, falling short of a mean estimate of 328 billion yen among 13 analysts surveyed by Thomson Reuters I/B/E/S. Click here to read full stories.

Feb 01 - Indonesia's Timah forecasts 18 pct increase in 2018 tin output 

Indonesia's PT Timah is targeting an 18 percent increase in tin production this year to around 36,700 tonnes, with prices of the metal expected to be between $20,000 and $22,000 per tonne, the state-owned miner said on Thursday. "We have new mining activities - opening a new mine in Belitung, and we will mine on Kundur Island," Timah corporate secretary Amin Haris Sugiarto told Reuters by phone. Click here to read full stories.

Feb 01 - China's gold consumption rises 9.4 pct in 2017 - state TV 

Gold consumption in China grew by 9.41 percent from the previous year to 1,089 tonnes in 2017, state television CCTV reported on Thursday, citing figures from the China Gold Association. Sales of gold jewellery in China were up 10.35 percent to 696.5 tonnes, while those of gold bars - bought as a safe-haven investment in times of geopolitical uncertainty - were up by 7.28 percent to 276.39 tons, CCTV said on its website. Click here to read full stories.

Feb 01 - Russia's Nornickel says palladium output may fall in 2018 

Norilsk Nickel (Nornickel), the world's largest palladium producer, said on Wednesday its production of palladium could decline in 2018, while the output of nickel from Russian raw material would remain flat. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, previously said its production of nickel and platinum group metals would be unchanged with rising copper output in 2018-2020.  Click here to read full stories.

Feb 01 - Chinalco in focus as Yunnan metals firms flag ownerships change 

Aluminum Corp of China, known as Chinalco, could be about to expand in the southwest of the country after two metals firms in Yunnan province made reference to the state-owned company as they flagged a possible change in ownership. The move would be consistent with efforts at consolidation in China's crowded metals sector. Yunnan Aluminium and Yunnan Chihong Zinc and Germanium said on Wednesday that their ultimate owner, the Yunnan branch of the State-owned Assets Supervision and Administration Commission (SASAC), was planning to use its controlling stake in them to cooperate with Chinalco. These stakes are held via Yunnan Metallurgical Group. Click here to read full stories.

Feb 01 - Gold miner Centamin reports 2017 profit fall 

Centamin posted a 13 percent fall in core profit in 2017 on Wednesday as gold production fell and costs rose but the miner declared a final dividend that beat consensus. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $326 million in the year that ended on Dec. 31, said the London-listed miner, which operates Egypt's only producing gold mine. Click here to read full stories.

Feb 01 - India's JSW Steel Q3 profit more than doubles 

India's JSW Steel Ltd reported a 140 percent surge in third-quarter profit on Wednesday, beating analyst expectations, as the steelmaker marked its highest ever quarterly steel sales. Net profit for the quarter ended Dec 31 rose to 17.53 billion rupees ($275.39 million) from 7.30 billion rupees a year earlier, the country's biggest steel producer said in a statement. Click here to read full stories.

Feb 01 - Zimplats quarterly profit surges 69 percent on higher sales 

Zimplats on Thursday reported a 69 percent rise in profit to $41 million for the quarter ended December, helped by the sale of platinum group metal stockpiles from the previous quarter and higher prices. Zimbabwe's largest platinum miner, which is 87 percent owned by Impala Platinum Holdings, sells platinum metal group concentrates to neighbouring South Africa because it does not have a refinery of its own in the country. Click here to read full stories.