Base & Precious Metals News

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Sep 13 - LME to maintain discounted carry trade fees indefinitely

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

Sep 13 - Barrick to eliminate innovation role under decentralization

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Sep 11 - Savannah boosts Portugal lithium estimate, shares rise

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Sep 04 - Guatemala court confirms suspension of Tahoe mining licenses

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

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

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

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

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

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

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

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

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

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

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

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

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

Sep 03 - Thyssenkrupp chairman candidates decline job - source

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

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

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

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

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

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

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

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

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

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

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

Sep 03 - Tahoe suspends mining at Peru operation after protest

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

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

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

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

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

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

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

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

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

Aug 30 - Thyssenkrupp leadership vacuum tests desire for change 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Aug 22 - Shanghai exchange lines up further copper options tests 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Aug 21 - BHP suffers outage at Olympic dam copper smelter 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Aug 20 - Australian court quashes indigenous challenge to Adani mine

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Aug 16 - Russian miners explore payment schemes eschewing dollar 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Aug 01 - Battery chemical surplus sparks plunge in cobalt price 

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

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

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

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

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

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

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

Aug 01 - ArcelorMittal upbeat about H2 after strong quarter 

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

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

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

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

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

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

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

Aug 01 - Sherritt sees soft cobalt prices as temporary trend 

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

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

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

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

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

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

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

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

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

Jul 31 - How U.S. tariffs on China minerals could hurt industry, consumers 

U.S. President Donald Trump's proposed tariffs on another $200 billion of Chinese goods threaten a niche trade in minor metals and rare earths used in everything from stomach remedies and jet engines to consumer electronics. More than 6,000 items have been earmarked for a 10 percent import tariff, including - in some form - 32 of the 35 minerals the United States in May designated as "critical" to its economic and national security. Click here to read full stories.

Jul 31 - Shanghai H1 nickel volumes within whisker of all-dominating LME  

A more than doubling of nickel volumes on the upstart Shanghai Futures Exchange (ShFE) in the first half has brought it within a whisker of the tonnage traded on the tradition-bound London Metal Exchange, an analysis of exchange data showed. The jump in Chinese nickel volumes, fuelled by speculators, was part of a wider uplift in global metals trading, driven by strong global growth and galvanized by U.S. sanctions on Russian aluminium producer Rusal and lurching trade conflicts. Click here to read full stories.

Jul 31 - BHP, Rio deals show lack of options beyond shareholder returns: Russell 

Two recent deals by the world's two biggest mining companies both looked positive for shareholders, but also underscore the challenges facing major commodity producers. BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.  Click here to read full stories.

Jul 31 - Glencore lowers full year coal, lead guidance 

Glencore on Tuesday lowered full-year guidance for its lead and coal output, while first-half copper production rose 8 percent from a year earlier and cobalt increased 31 percent as operations ramped up in Democratic Republic of Congo. Guidance for full-year lead output was lowered by 5 percent and coal by 1 percent. Glencore plans to give further details when it releases first-half results next week. Click here to read full stories.

Jul 31 - Union official at Chile's Escondida mine predicts 'overwhelming' vote against BHP offer 

The union at BHP's Escondida mine in Chile, the world's largest copper mine, is expected to overwhelmingly reject the final contract offer from the Anglo-Australian miner, increasing the likelihood of a strike, a union leader told Reuters on Monday. Union members have until Wednesday to finish voting on the company's proposal, when the union will conduct an official count. After that, either party can call for a period of government-mediated arbitration that could last as many as 10 days. Click here to read full stories.

Jul 31 - Malaysia extends bauxite mining moratorium until year-end 

The Malaysian government said it has prolonged its 2016 moratorium on bauxite mining until year-end as large stockpiles of the aluminium-making raw material remain uncleared. "The moratorium is until December 31, as there is still half a million tonnes of (bauxite) stockpiled at the ports," a spokesman for the Ministry of Water, Land and Natural Resources said on Tuesday. Click here to read full stories.

Jul 31 - Chairman Agarwal makes firm offer to buy rest of Vedanta 

Vedanta Resources Plc said on Tuesday Chairman Anil Agarwal's family trust, Volcan Investments, made a firm offer to buy Vedanta stake it did not already own in a deal that values the mining conglomerate at $3.07 billion. Vedanta investors will receive $10.89 per share in cash for each share of the company, representing a premium of about 6 percent to the stock's Monday close. Click here to read full stories.

Jul 31 - Brazil studying auction of rights to six unexplored mining areas in 2019 

Brazil's geological service is studying auctioning off mining rights in 2019 to six previously unexplored areas that have significant potential output of copper, gold, phosphate and other minerals, the head of the organization told Reuters on Monday. The geological service CPRM, which operates as a state company and carries out functions similar to the United States Geological Survey, has amassed the rights to mining exploration in more than 300 areas in Brazil since its founding in 1969. Click here to read full stories.

Jul 31 - First Quantum extends copper hedging, even as trade war clips prices 

Canadian base metal miner First Quantum Minerals Ltd said on Monday it had extended its hedging program for copper sales, as trade war worries push prices lower despite "excess demand" for its production. The miner, whose second-quarter results included a $45 million loss from copper hedging, said it aims to ensure a level of cash flow for its $6.3 billion Cobre Panama project ahead of commercial production.  Click here to read full stories.

Jul 31 - Turkish steel makers eye exports to West Africa amid U.S. tariff setbacks 

Turkish steel makers are looking to expand in West Africa and other emerging markets in response to tariffs and planned quotas which threaten their sales to the United States and the European Union, a senior sector official said. Namik Ekinci, board chairman for the Turkish Steel Exporters Association (TSEA), told Reuters that Turkey was looking to boost its trade with West Africa and sub-Saharan countries, where there is demand for the less capital-intensive steel products that Turkey mainly exports. Click here to read full stories.

Jul 31 - Chile says lithium miner Albemarle slow to respond on contract details 

Chile's government said on Monday that lithium miner Albemarle had been slow to respond to the government's requests for information about a contract the U.S.-based miner signed with the South American country in 2016. The contract allows Albemarle to produce lithium on land owned by the Chilean government. It requires the company to offer up to 25 percent of its annual production capacity at a discounted price to companies chosen by the government to produce cathode, a critical component of lithium batteries, inside Chile. Click here to read full stories.

Jul 31 - Workers at Codelco's Chuquicamata copper mine in Chile walk off job 

Workers at Codelco's Chuquicamata copper mine in Chile, the state miner's second largest by output, walked off the job on Monday morning and blocked access to the mine, union leaders said, in a move criticized as "illegal" by Codelco. Chuquicamata Union No. 1, 2, and 3, as well as Antofagasta Union No. 1 said they were protesting the "unjustified layoff" of two workers, according to an internal document seen by Reuters and the union officials. Click here to read full stories.

Jul 31 - Mongolia's Tavan Tolgoi coal mine sees profits surge in H1, raising IPO prospects 

Revenue from Mongolia's giant Tavan Tolgoi coal mine surged in the first half of the year due to higher commodity prices and a big jump in coal exports, the project's owner said on Monday, raising prospects for a planned overseas listing. Tavan Tolgoi, located in the Gobi desert about 250 kilometres (155 miles) from the Chinese border, is one of the world's largest coking coal mines, but it has not yet fulfilled its massive potential. Click here to read full stories.

Jul 30 - Russian steelmaker MMK changes tack after tariffs, Iran sanctions 

MMK, one of Russia's largest steel producers, has postponed the launch of a lucrative project in Turkey due to uncertainty created by global trade wars, Andrey Eremin, the company's director for economics, told Reuters in an interview. The project - the re-launch of hot-rolled steel production at its Turkish site - was expected to add between $90 million and $100 million to MMK's core earnings, Eremin said, but a sudden surge in global trade barriers caught the company off guard, forcing it to delay. Click here to read full stories.

Jul 30 - Zinc bears get taught another lesson in timing: Andy Home 

Zinc has fared worst in the industrial metals rout. From a 10-year high of $3,484.50 per tonne in February, the price of London Metal Exchange (LME) zinc slumped 30 percent to a mid-July low of $2,474. It is currently treading water around $2,570. Zinc has been hit by the same global growth jitters as the other LME-traded base metals. Click here to read full stories.

Jul 30 - Ecobalt investors call for sale, new management on delays 

Two large shareholders in Canada's Ecobalt Solutions Inc are calling for a change in senior management or the launch of a sales process, saying ongoing mine development delays are wasting a windfall from high battery sector demand. Australian hedge fund Tribeca Investment Partners, which said it owns about 6 percent of Ecobalt's stock, said share declines stem from delays at the Idaho Cobalt project, the result of "strategic missteps." Click here to read full stories.

Jul 30 - Australia's Jervois takes 5 pct of Ecobalt amid calls for leadership change 

Australia's Jervois Mining has bought almost 5 percent of shares in Ecobalt Solutions Inc, which is developing a high grade cobalt mine in the United States, days after two of its biggest shareholders called for management overhaul. Jervois Mining has bought about 4.54 percent of shares in the company, it said in a filing to the Australian Securities Exchange on Monday. Click here to read full stories.

Jul 30 - Chile's Escondida mine workers reject labor offer, to vote on strike 

Workers at Chile's Escondida copper mine, the world's largest, have rejected the company's final contract offer and agreed to vote on whether to go on strike, according to an internal union document seen by Reuters on Friday. After several meetings in recent days, the workers at the mine owned by BHP concluded that the company's offer does not meet union demands and creates "prejudicial" labor conditions, according to the document. Chile is the world's largest producer and exporter of copper. Click here to read full stories.

Jul 30 - Speculators raise bearish COMEX gold stance to record - CFTC 

Hedge funds and money managers increased their net short position in COMEX gold contracts to a record in the week to July 24, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also increased their bearish positions in silver and copper futures and options, the data showed. Click here to read full stories.

Jul 30 - Brazil mining reforms stalled by impasse over new agency 

A new Brazilian mining regulator created last year to cut red tape and attract foreign investment has still not gotten out of the blocks, with experts warning that the agency will be stalled at least through the October election and perhaps until 2019. Miners say major investments are hanging in the balance. Click here to read full stories.

Jul 30 - Chinese investors plan $10 bln metallurgical complex in South Africa 

Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa's President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10 billion complex. Click here to read full stories.

Jul 30 - Krupp foundation rejects break-up of Thyssenkrupp - Der Spiegel 

Ursula Gather, head of the Thyssenkrupp foundation, ruled out a break-up of the German steel-to-submarines conglomerate and rejected allegations she is responsible for a leadership crisis, Der Spiegel newsmagazine reported. Thyssenkrupp's chief executive and chairman quit this month citing a lack of support from "major shareholders" at a time when activist investors Cevian, which holds an 18 percent stake, and Elliott, are pushing for a deeper restructuring. Click here to read full stories.

Jul 30 - State miner NMDC says has won race for Indian gold mine 

Indian state-owned miner NMDC is the highest bidder in a government e-auction for a gold mine in the southern state of Andhra Pradesh, beating resources conglomerates Vedanta and Adani, NMDC Chairman Baijendra Kumar told Reuters. NMDC is expected to invest about 4 billion rupees ($58.3 million) in the project, Kumar said without providing further detail on the company's bid. The mine has an estimated 2.2 million tonnes of gold. Click here to read full stories.

Jul 30 - Brazil's Usiminas expects steel demand to decelerate on second half 

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA expects local demand for steel to decelerate in the second half of the year from clients such as automakers, construction companies and durable goods industries, an executive said on Friday. "We expect a smaller expansion in the second half of the year. In the first half we had healthy growth", Miguel Homes, vice president at the company known as Usiminas, told analysts on a conference call. The company expects steel consumption to grow 5 percent this year in Brazil, he added. Click here to read full stories.

Jul 27 - Only a 'cataclysm' could hit top quality ore demand - Vale CEO 

Brazil's Vale, the world's top iron ore producer, forecast steady prices for the mineral and rising premiums for its top quality ore, thanks to strong demand from China and despite global trade tensions. Vale Chief Executive Officer Fabio Schvartsman said a scarcity of Vale's trademark top quality ore protects the miner for the foreseeable future from the impact of a global trade war, which has hurt other minerals. Click here to read full stories.

Jul 27 - Global steel output jumps in H1 as strong margins tempt mills to ramp up 

Global crude steel output, a gauge of economic health, rose 4.6 percent in the first half of this year versus the same period last year, as strong margins prompted mills in major producing countries to ramp up, industry data showed on Thursday. Crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 881.5 million tonnes in the first half. In June, it rose 5.8 percent versus June last year to 151.4 million tonnes, worldsteel said. Click here to read full stories.

Jul 27 - Mnuchin cites 'productive' talks with Rusal to lift sanctions 

U.S. Treasury Secretary Steven Mnuchin on Thursday said the United States was in productive talks with Russia's United Company Rusal to remove the world's second biggest aluminum producer from a U.S. sanctions list. The United States in April imposed sanctions against billionaire Oleg Deripaska and the eight companies in which he is a large shareholder, including Rusal, in response to what it called "malign activities" by Russia. Click here to read full stories.

Jul 27 - France's Macron wants to see U.S. gestures on metal taxes, against vast trade deal 

French President Emmanuel Macron said on Thursday he wanted to see gestures from the United States over steel and aluminium taxes and that he opposed entering a negotiation for a comprehensive trade agreement between Europe and Washington. "I am not in favour of launching into a negotiation of a vast trade accord like TTIP because the context doesn't allow it," Macron told a news conference in Spain. Click here to read full stories.

Jul 27 - Several banks dismissed from U.S. metals price-fixing lawsuits 

A U.S. judge has dismissed five large banks from two antitrust lawsuits by investors alleging multi-year conspiracies to rig prices for hundreds of billions of dollars of transactions in the global silver and gold markets. U.S. District Judge Valerie Caproni threw out all claims over alleged silver price-fixing against Bank of America Corp, Barclays Plc, BNP Paribas SA, Standard Chartered Plc and UBS Group AG. Click here to read full stories.

Jul 27 - U.S. aluminium firm Novelis to buy Aleris for $2.6 bln 

India's Hindalco Industries Ltd said its U.S. unit Novelis Inc has agreed to buy aluminium processor Aleris Corp for $2.6 billion, giving it a foothold in supplying the aerospace industry and other value-added businesses globally. Hindalco, which is owned by Indian conglomerate Aditya Birla Group, expanded into the value-added aluminium business when it acquired aluminium re-rolling company Novelis for $5.9 billion in 2007. Click here to read full stories.

Jul 27 - Vedanta's smelter closure has hurt companies, put people out of jobs - exec 

India's decision to shut down Vedanta Resources' biggest copper smelter over environment concerns has hit 350 companies that buy its products and led to over 3,000 layoffs, a top company executive said. The Tamil Nadu state government ordered a permanent closure of the plant in May following protests over alleged environmental violations that turned violent and culminated in the police opening fire on protesters, killing 13 of them. Click here to read full stories.

Jul 27 - Canada's Lundin Mining launches hostile C$1.4 bln bid for Nevsun 

Lundin Mining Corp launched a hostile C$1.4 billion ($1.1 billion) takeover bid for fellow Canadian miner Nevsun Resources Ltd on Thursday, saying it had failed to convince Nevsun's board to strike a friendly deal over the past nine months. In a direct pitch to Nevsun shareholders for its C$4.75 a share offer, cash-rich Lundin said in a circular it became apparent over time that Nevsun management was unlikely to agree to a transaction, despite multiple attempts to address its concerns.  Click here to read full stories.

Jul 27 - India's Sun Gold, China National Gold to go ahead with Siberian gold project 

India's Sun Gold and China National Gold are launching a joint gold mining project in Russia's Siberia region, the two companies said in a joint statement during a Johannesburg summit of BRICS member states. In 2016, the sides agreed that Sun Gold would sell a 70-percent stake in the project, the Kluchevskoye gold deposit, to China National Gold, a major global gold producer. The Chinese gold company would in turn contribute its development expertise. Click here to read full stories.

Jul 27 - De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades 

Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset. Peregrine is the sole owner of the Chidliak project on Baffin Island in northeastern Canada. While preliminary assessments of Chidliak's mineral reserves have been done, the facility's overall ouput potential is unproven. Click here to read full stories.

Jul 26 - Brazil's Vale misses Q2 earnings forecast, core earnings jump 

Brazil's Vale SA, the world's largest iron ore producer, posted a weaker-than-expected rise in quarterly net income on Wednesday as the company took a big currency hit, though core earnings jumped, helped by higher production. The miner said profit in the second quarter rose to $76 million from $16 million in the same period a year earlier. The figure fell far short of a Reuters consensus estimate of $1.265 billion and the $1.590 billion in profit notched in the first three months of 2018. Click here to read full stories.

Jul 26 - Smelter hits halt global aluminium production growth: Andy Home 

Global aluminium production growth ground to a standstill in the first half of this year. The world's smelters produced 31.76 million tonnes of metal in January-June, a 1 percent decline on the first half of 2017, according to the International Aluminium Institute (IAI). Expressed in annualised terms, global output in June was almost two million tonnes lower than a year earlier. Click here to read full stories.

Jul 26 - Trump relents on EU car tariffs, as US-China fight derails Qualcomm deal 

In what the EU chief called a "major concession," U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war. After a meeting at the White House, Trump and European Commission President Jean-Claude Juncker said the talks would also seek to "resolve" U.S. tariffs on steel and aluminum and Europe's retaliatory duties - marking a step back from Trump's signature import protections for American metals producers. Click here to read full stories.

Jul 26 - Japan aluminium industry worried about U.S. automobile import tariffs 

Japan's aluminium industry is more concerned over possible U.S. import tariffs on automobiles that could impact a wider range of the country's industries than the U.S. duties already imposed on the light metal, the head of a trade body said on Wednesday. In May, U.S. President Donald Trump ordered a national security probe into imports of automobiles. Similar national security probes were the precursor to the imposition of import tariffs of 25 percent on steel and 10 percent on aluminium in March. Click here to read full stories.

Jul 26 - Freeport profit jumps, miner flags market jitters over trade rows 

Freeport-McMoRan Inc, the world's largest publicly listed copper miner, reported bigger-than-expected earnings on Wednesday, as production and prices soared above last year, but flagged market jitters from global trade disputes. Uncertainty about the economic impact of a U.S.-China trade war has pushed copper prices down 14 percent since mid-June but Phoenix-based Freeport has not seen a decline in demand to date, Chief Executive Richard Adkerson said. Click here to read full stories.

Jul 26 - Barrick profit drops on lower gold sales, higher costs 

Canada's Barrick Gold Corp reported a weaker-than-expected second-quarter adjusted profit on Wednesday, hurt primarily by lower gold sales, along with higher maintenance and fuel costs. Barrick maintained its full-year forecast to produce 4.5 million to 5 million ounces of gold, positioning the company to lose its title of world's biggest gold producer this year to Newmont Mining Corp, which targets 4.9 million to 5.4 million ounces of gold. Click here to read full stories.

Jul 26 - Anglo American confirms Peru copper project, H1 earnings rise 

Anglo American is going ahead with developing its $5 billion Quellaveco assets in Peru, one of the world's largest untapped copper projects, and also said its first-half earnings had risen 11 percent year-on-year. After being one of the miners hardest hit by the commodity crash of 2015-16, Anglo American has made one of the strongest recoveries, although all the major miners have pared gains this year as concerns of a possible trade war have hit metals markets. Click here to read full stories.

Jul 26 - Italy's deputy PM says ArcelorMittal's Ilva offer not sufficient on jobs 

Italy's government, which has questioned the validity of ArcelorMittal's planned takeover of Italian steelmaker Ilva, on Wednesday said it was not happy with new bid proposals put forward by the steel giant. Italy's deputy prime minister Luigi Di Maio said that while the Luxembourg-based ArcelorMittal had improved its environmental pledges, it could still do more on the jobs front. Click here to read full stories.

Jul 26 - Zimbabwe's African Chrome Fields eyes equity sale to fund expansion 

Zimbabwe's largest chrome miner African Chrome Fields (ACF) is talking to foreign investors about an equity sale to help fund expansion but will ensure the firm's two main partners retain control, the majority shareholder said on Wednesday.The chairman of Moti Group, which has a majority stake in ACF, told Reuters that during his visit to Europe last week he had "sort of identified two or three people" who could invest" in ACF. Click here to read full stories.

Jul 26 - CEO of Chilean lithium miner SQM resigns 

Chilean lithium miner SQM on Wednesday night announced the resignation of its chief executive Patricio de Solminihac. SQM said in a emailed statement that Solminihac, 63, who has been at the helm of one of the world's top lithium producers for three years and with the company for 30 years, was leaving "for personal reasons" on Dec. 31 this year. Click here to read full stories.

Jul 25 - Fear factor: China steel exporters delay shipments, giving space to rivals 

Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war. Among those that have cancelled or delayed cargoes are Chinese exporters that have been taking advantage of Beijing's generous tax rebate system on value-added steel, according to two Chinese exporters and a major importer in the Philippines, China's third-biggest market. Click here to read full stories.

Jul 25 - Chile's Escondida copper mine makes final offer to union 

The world's largest copper mine, BHP's Escondida in Chile, said on Tuesday it had made a final offer in talks with the union representing its rank-and-file workers that includes a beefed up contract signing bonus and a 1.5 percent increase in wages. The Anglo-Australian miner offered a final signing bonus of $27,700, compared to its previous offer of $23,000. The 1.5 percent salary increase compared to a previous offer of a flat salary with increases only for inflation. Click here to read full stories.

Jul 25 - Italy reviews ArcelorMittal deal for Ilva, may annul it - statement 

The Italian government is opening a formal review of ArcelorMittal's planned takeover of the Ilva steel company and might annul the accord if irregularities are found, Industry Minister Luigi Di Maio said on Tuesday. Steel giant ArcelorMittal agreed last year to buy Ilva, Europe's largest steelworks which is in state-supervised special administration, and had been due to take charge of the business on July 1.  Click here to read full stories.

Jul 25 - Albemarle lithium chief to exit at end of July - memo 

The Albemarle Corp executive overseeing the company's massive lithium operations, a key supplier of the mineral used to make batteries for Tesla Inc automobiles, is leaving at the end of the month, according to an internal memo reviewed by Reuters. John Mitchell will leave the Charlotte, North Carolina-based company "to pursue another opportunity," Chief Executive Luke Kissam told employees in the memo.  Click here to read full stories.

Jul 25 - French metals group Eramet warns favourable outlook could be dented by trade rows 

A sharp rise in manganese ore and nickel prices helped Eramet post higher profits in the first half of the year but the French metal and mining group warned on Tuesday that current favourable markets could be hurt by global trade tensions. In an interim results statement on Tuesday, Eramet reported a current operating profit of 294 million euros ($343 million), up 15 percent from the same period in 2017 and sales of 1.81 billion euros, up 1 percent year-on-year.  Click here to read full stories.

Jul 25 - Tianqi board backs major expansion at Australian lithium mine 

Tianqi Lithium Corp said its board has approved the planned expansion of lithium production at the Greenbushes mine in Western Australia, the world's largest hard rock lithium mine, amid hot demand for electric vehicle batteries. Tianqi said the A$516 million ($382 million) expansion would boost production capacity at the operation to 1.8 million tonnes of chemical grade lithium concentrate by 2021, in a filing to the Hong Kong Stock Exchange late on Tuesday.  Click here to read full stories.

Jul 25 - U.S. to stop taking payments from drillers, miners for damage to public land 

The Trump administration on Tuesday said it would no longer require oil drillers, miners and other industries to compensate for damage they cause to public lands under their permitted projects, in a bid to speed up development on federal lands. The move, the latest effort by the administration to help businesses by rolling back environmental protections, was announced in a memo from the Department of Interior to Bureau of Land Management officials. Click here to read full stories.

Jul 25 - Antofagasta sticks to 2018 targets as Q2 copper output rises 

Antofagasta on Wednesday reported a 6.1 percent increase in second-quarter copper production and a fall in costs, a trend the miner said would to continue for the rest of the year. Copper production rose to 163,200 tonnes while cash costs fell by 7.5 percent to $1.85 per pound, helped by a weakened Chilean peso and higher production at its Centinela mine. Click here to read full stories.

Jul 25 - Japan takes steps to ensure stable cobalt supply for automakers 

Japan's automakers aim to set up a joint procurement body by end-March to secure stable supplies of cobalt, a key component of lithium-ion batteries used in electric cars, the country's industry ministry said on Tuesday. The move comes as global carmakers race to lock in battery supplies and move away from traditional combustion engines, and as China locks down supply chains to secure its own fast-growing battery sector. Click here to read full stories.

Jul 25 - Chile's Cochilco lowers copper price prediction over trade war 

Chile's state copper agency Cochilco revised its average copper price prediction downwards by $0.06 per pound to $3 on Tuesday, citing the trade war between the United States and China as a reason for a drop in the red metal's price. Cochilo said it expected the price to edge back upwards to $3.10 in 2019. It estimated production would be 5.7 million tonnes in 2018 and 5.94 million tonnes in 2019. Click here to read full stories.

Jul 24 - What's behind the metals price rout, and is it over now? Andy Home 

Doctor Copper has been having a rough time over the last few weeks. In London the price of copper for three-month delivery fell through the $6,000 per tonne level last week for the first time since July 2017. The Wednesday low of $5,988 per tonne marked a near 19-percent price implosion from June's high of $7,348. Click here to read full stories.

Jul 24 - Platinum faces worst year since 2005 as demand nightmare continues - poll

Platinum prices will average their lowest in more than a decade this year before a modest recovery in 2019, a Reuters poll showed on Friday, with the metal predicted to maintain its historically unusual discount to palladium. Platinum, used chiefly in emissions-cutting catalytic converters in vehicles and in jewellery, has tumbled from more than $1,000 an ounce in January to around $800, its lowest since 2008. Click here to read full stories.

Jul 24 - China's steel conundrum as rising output, prices meet pollution controls: Russell 

China's vast steel sector is currently a study in contrasts, with record output despite ongoing production curbs, and high prices even though there is mounting concern about the demand outlook. It's becoming increasingly difficult to reconcile the seemingly contradictory signals being sent by China's steel industry, which accounts for about half of the world's total production. Click here to read full stories.

Jul 24 - Japan steel federation says its biggest fear is jump in China steel exports 

Climbing shipments of steel from China, the world's top exporter of the material, are the biggest concern of rival producers in Japan, the head of a Japanese industry body said on Tuesday. Koji Kakigi, chairman of the Japan Iron and Steel Federation, said he fears the escalating Sino-U.S. trade war could crimp development of the Chinese economy, potentially sapping local demand for steel and pushing more of the commodity into export markets. Click here to read full stories.

Jul 24 - Barrick Gold President Dushnisky to head AngloGold 

Canadian miner Barrick Gold Corp said on Monday President Kelvin Dushnisky will step down to become the chief executive officer of South African rival AngloGold Ashanti Ltd. Dushnisky, 54, was appointed to the top job at Barrick in 2015. He will step down by August end and will replace AngloGold's CEO Srinivasan Venkatakrishnan, who resigned in April to head mining conglomerate Vedanta Resources Plc. Click here to read full stories.

Jul 24 - Chile's Escondida copper mine to present final contract offer to union Tuesday 

The management at Chile's Escondida copper mine, the world's largest, said on Monday it would deliver its final labor contract offer to the labor union on Tuesday amid tense contract negotiations ahead of a possible strike. The announcement from Escondida, controlled by BHP, comes after the union told its members last week that the talks for a new contract were frozen without hope for a deal, raising the prospects of another work stoppage after a 44-day strike last year jolted global markets for the red metal.  Click here to read full stories.

Jul 24 - Russia's Polyus says Q2 gold sales at $683 mln, up 12 pct q/q 

Russia's largest gold producer Polyus said on Tuesday its gold sales in the second quarter were up 12 percent from the previous quarter and stood at $683 million. Gold production in the second quarter was up 19 percent quarter-on-quarter, reaching 602,000 ounces, Polyus said. It also said it expected to complete a ramp-up of its Natalka mill in the Russian Far East in the second half of 2018. Click here to read full stories.

Jul 24 - Norsk Hydro says unclear when will resume full output at Brazil alumina refinery 

Aluminium producer Norsk Hydro said it was unclear when it would resume full production at its Alunorte alumina refinery in Brazil, the world's largest, as the firm on Tuesday reported second-quarter earnings in line with forecasts. Norway's Hydro was ordered in February by Brazilian authorities to slash output from Alunorte, triggering cutbacks at its nearby Albras aluminium plant and a scramble among other factories and customers for supplies.  Click here to read full stories.

Jul 24 - Ground water in Vedanta's Indian smelter contains heavy metals - minister 

Ground water in Vedanta Resources' south Indian copper smelter contains heavy metals exceeding limits for drinking water, India's junior minister for water resources, Arjun Ram Meghwal, told lawmakers on Monday. The smelter was shut down in May under order of the Tamil Nadu state government after 13 people died after coming under police fire during violent protests over alleged pollution.  Click here to read full stories.

Jul 24 - EU opens in-depth investigation into German copper merger 

The European Commission said on Monday it had started an in-depth investigation into German copper producer KME's purchase of German peer Mansfelder Kupfer und Messing (MKM), noting it was concerned such a deal would reduce competition. The Commission, which acts as the competition watchdog in the European Union, said it was worried the combination of the two companies could lead to higher prices for rolled copper products and sanitary copper tubes. Click here to read full stories.

Jul 24 - Chinese aluminium foil maker sues U.S. over anti-dumping duties 

Chinese aluminium foil producer Shantou Wanshun Package Material Stock Co on Monday said its subsidiary is suing the United States over twin anti-dumping and anti-subsidy duties Washington imposed on its shipments. In a statement to the Shenzhen Stock Exchange, Wanshun said Jiangsu Zhongji Lamination Materials, which was hit with a countervailing duty of 17.14 percent and an anti-dumping duty of 37.99 percent earlier this year, had filed a lawsuit with the U.S. Court of International Trade. Click here to read full stories.

Jul 23  - China probes stainless steel imports from Indonesia, EU, Japan and Korea 

China on Monday launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints that a flood of product has damaged the local industry. The Commerce Ministry said on Monday the investigation will target imports of stainless steel billet and hot-rolled stainless steel sheet and plate from the European Union, Japan, South Korea and Indonesia, which nearly tripled last year. Click here to read full stories.

Jul 23  - U.S. open to lifting sanctions off aluminum giant Rusal - Mnuchin

The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said on Friday, adding the objective was "not to put Rusal out of business." Mnuchin's comment was the latest indication the Trump administration was trying to aid sanctions-hit Rusal, which has taken a series of steps to try to appease the U.S. government and get the restrictions lifted. Click here to read full stories.

Jul 23  - Union at Chile's Escondida mine sees little hope for contract deal

Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress toward an agreement just over a week before the current contract expires, the union said in an internal message to its members. The union said mine owner BHP rejected union demands made last week, raising the prospects of a strike at the mine for the second straight year. Last year's 44-day strike prompted a rise in global copper prices and harmed the economy in Chile, the world's top exporter of the red metal. Click here to read full stories.

Jul 23  - Chinese steel output cuts to vary from mill to mill next winter - official

Production cuts in China's mammoth steel sector will vary from mill to mill next autumn and winter, said an environmental ministry official, as the country shifts away from a 'one size fits all' approach to fighting pollution. That comes after the nation's state council earlier this month said the 82 cities required to take special anti-smog measures over autumn and winter would be able to draw up their own bespoke plans for those steps. Click here to read full stories.

Jul 23  - Speculators at net short position in COMEX gold for 1st time since 2016 - CFTC

Hedge funds and money managers switched to a net short position in COMEX gold contracts for the first time since 2016 in the week to July 17, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also switched to a net short position in silver andincreased a net short position in copper futures and options to the highest in almost two years, CFTC said. Click here to read full stories.

Jul 23  - Acacia Mining reports fall in H1 earnings as costs rise 

Acacia Mining  reported a fall in first-half core earnings on Friday due to an impairment on a project and higher costs mainly stemming from arbitration with the Tanzanian government that pushed the company into a quarterly loss. The London-listed miner said earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $133.6 million, from $161 million a year earlier. It also recorded a net loss of $19.1 million in the second quarter. Click here to read full stories.

Jul 23  - ArcelorMittal promises to present improved plan for Italy's Ilva

Steel giant ArcelorMittal said on Friday it would present improved proposals for its planned takeover of Italy's troubled steelmaker Ilva, as the new government questioned how it came to be awarded the deal. Ilva has been under state-supervised special administration since 2015, after magistrates said it must be cleaned up or closed. ArcelorMittal agreed last year to buy it after outbidding competitors and promised to fix the problems. Click here to read full stories.

Jul 23  - Merkel says ThyssenKrupp structure is a commercial matter

The structure of German submarines-to-lifts conglomerate ThyssenKrupp  is a commercial matter, Chancellor Angela Merkel said on Friday. The company's chairman and chief executive both resigned this month following pressure from activist shareholders demanding a restructuring of the conglomerate. Click here to read full stories.

Jul 23  - Mining firm Boliden profit hit by cost rise, shares tumble 

Shares in Swedish mining and smelting company Boliden fell as much as 8 percent on Friday after its second-quarter adjusted operating profit missed expectations due to rising costs and lower production across its mines. Boliden habitually takes on additional costs in the second quarter to hire "summer extras" and had flagged maintenance work would affect its smelters, but costs climbed unexpectedly for energy products such as oil and fuel, electricity and chemicals. Click here to read full stories.

Jul 23  - Amplats reports jump in H1 earnings, buys Glencore's stake in Mototolo platinum mine 

Anglo American Platinum posted a 350 percent rise in interim profits on Monday and kept the dividend tap flowing as it reaps the benefits of a pivot to mechanised mining that has lifted productivity and cut costs. The world's largest platinum producer also announced that it had acquired Glencore's 39 percent stake in Mototolo, a mechanised platinum mine on the eastern limb of South Africa's platinum belt. Click here to read full stories.

Jul 20 - Tesla's battery maker suspends cobalt supplier amid sanctions concern 

Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. The Japanese electronics maker, the exclusive supplier of batteries to Tesla Inc, made the comments following questions from Reuters about whether the batteries contained Cuban cobalt. Click here to read full stories.

Jul 20 - Gold demand expected to rise during second half of 2018 - WGC 

Demand for gold is expected to rise during the second half of 2018, as inflation potentially rises and a global trade war may impact currencies, the World Gold Council said on Thursday. During times of geopolitical turmoil, investors often purchase gold to protect assets from falling. However, during the first half of the year, gold had not risen during a global trade war due to the stronger U.S. dollar, more money flowing into tech stocks and lower physical gold demand during the first quarter,the WGC said in its mid-year outlook for 2018. Click here to read full stories.

Jul 20 - Tariffs lay bare Washington's rare earths dilemma: Andy Home 

The United States Defense Logistics Agency (DLA) is aiming to buy 10 tonnes of yttrium oxide this year. Yttrium is one of the rare earth metals that have become increasingly critical to a wide spectrum of modern-day products. It is used in radars, lasers, camera lenses and super-conductors. It is also about to become more expensive if the United States makes good on its threat to impose more tariffs on China because, to quote the U.S. Geological Survey (USGS), "nearly all imports of yttrium metal and compounds are derived from mineral concentrates produced in China." Click here to read full stories.

Jul 20 - Thyssenkrupp investor Elliott demands appointment of new 'external' CEO 

Thyssenkrupp should replace Guido Kerkhoff as chief executive with a new external candidate, activist investor Elliott Associates told the company's supervisory board as it pressed its case for a change of leadership and strategy. Kerkhoff was named acting CEO after Heinrich Hiesinger resigned this month. Chairman Ulrich Lehner also quit this week, removing a leadership duo that had resisted investor calls to restructure the industrial conglomerate. Click here to read full stories.

Jul 20 - Acacia Mining reports fall in H1 earnings but generates cash 

Acacia Mining said on Friday reported a fall in first-half core earnings but managed to generate cash due to strong operational performance at its mines in Tanzania. The London-listed miner said earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $133.6 million from $161 million a year earlier. Click here to read full stories.

Jul 20 - Alcoa shares fall as tariffs, energy costs weigh on forecast 

Shares of Alcoa Corp fell 11.8 percent on Thursday a day after the aluminum producer lowered its 2018 forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) citing recent U.S. trade tariffs. Alcoa, which was also hit by higher electricity costs in the quarter, said it expects a negative monthly impact between $12 million and $14 million as long as the tariffs on imported aluminum are in place. Click here to read full stories.

Jul 20 - Guinea's mining minister says there will be Simandou deal, talks go on 

Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on selling two blocks of the vast Simandou iron ore project, its mining minister said, adding he was confident an agreement would be reached. Rio Tinto in October 2016 said it had signed an outline agreement to sell its major stake in Simandou to Chinalco, a move many hoped would revive the long-stalled scheme. Click here to read full stories.

Jul 20 - Steelmaker SSAB Q2 lags forecast, Americas weaker than expected 

Swedish steelmaker SSAB missed second-quarter operating earnings expectations on Friday due to a smaller-than-expected boost from soaring U.S steel prices. The company is one of the largest steel plate producers in the United States, while it still generates the majority of its profits in Europe. Click here to read full stories.

Jul 20 - Strike looms after breakdown in talks at Chile´s Caserones copper mine 

A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike. The union said that because of the breakdown it would reject a final proposal that could be submitted by the company up to July 24, and that government mediation would be the only way forward. Click here to read full stories.

Jul 19 - Russian steelmakers play down impact of EU's import curbs 

Russian steel producers played down the impact of the European Union's curbs on steel imports on Wednesday, which, according to analysts, may even allow some of them to increase supplies to the bloc compared with a year ago. On Thursday, the EU will set the quotas for 23 steel product categories at the average of imports over the past three years, with a 25 percent tariff set for volumes exceeding those amounts. Click here to read full stories.

Jul 19 - London Metal Exchange moves further towards launch of lithium contract 

The London Metal Exchange has asked companies that assess prices of battery-grade lithium to submit proposals to supply a reference for the cash-settled contracts it plans to launch next year, the exchange said. Interest in battery metals such as cobalt, nickel and lithium has soared over the past year on the automotive industry's ambitious plans to produce electric cars and cut noxious fumes from vehicles powered by fossil fuels. Click here to read full stories.

Jul 19 - EU to curb steel imports in response to Trump tariffs 

The European Union will launch measures on Thursday designed to prevent a surge of steel imports into the bloc following the U.S. imposition of tariffs on incoming steel and aluminium. The European Commission has proposed a combination of a quota and a tariff to counter EU concerns that steel products no longer imported into the United States would instead flood European markets. Click here to read full stories.

Jul 19 - Anglo American reports 6 percent rise in Q2 output 

Major diversified miner Anglo American on Thursday reported a 6 percent increase in output in the second quarter compared with a year earlier, saying the rise was driven by copper and coking coal. The figures excluded Minas-Rio in Brazil, where a leak has forced the closure of the iron ore project until late this year. Copper production rose 12 percent, driven by higher grades, while coking coal increased 33 percent. Thermal coal output slipped one percent compared with a year earlier, Anglo American said. Click here to read full stories.

Jul 19 - Chile's SQM seeks approval for $450 mln lithium plant expansion 

Chilean miner SQM on Wednesday began the process of seeking government approval for a $450 million expansion of its lithium carbonate plant, which could more than double its production as demand rises for the key element in the manufacturing of batteries. SQM said in an environmental impact statement that the upgrade planned for its Salar del Carmen facility would increase production of lithium carbonate to 180,000 tons a year from 70,000 tonnes through two phases with the goal of being operational in 2020. Click here to read full stories.

Jul 19 - Venezuela says it is refining gold in Turkey following sanctions 

Venezuela's central bank this year began refining gold in Turkey following a wave of international sanctions that have left it unwilling to carry out such operations in Switzerland, the country's mining minister said on Wednesday. The central bank for several years has been buying gold from small miners in the south of the country and refining it to be used as monetary gold to shore up its international reserves that have tumbled as the country's socialist economy implodes. Click here to read full stories.

Jul 19 - Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide 

Aluminum producer Alcoa Corp lowered its forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2018 on Wednesday, citing U.S. tariffs on imported aluminum and rising energy costs. The company's shares fell 2 percent in after-market trading, dragging shares of rival Century Aluminum Co down 1 percent. Click here to read full stories.

Jul 19 - Detour Gold and Paulson trade barbs over hedge fund's campaign 

Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund's campaign to seek change at the company and a possible merger approach. Detour said it had asked the Ontario Securities Commission (OSC) to investigate Paulson, accusing it of "concerning and unlawful behavior." Paulson called the accusations "false and misleading." Click here to read full stories.

Jul 19 - Australia's South32 beats annual coking coal output guidance 

Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018 on Thursday, boosted by better than expected production at its Illawarra project even as fourth-quarter output dipped 24 percent. Coking coal production fell to 1.1 million tonnes in the June quarter from 1.4 million tonnes a year earlier, but was ahead of a UBS estimate of 818,000 tonnes. Click here to read full stories.

Jul 19 - South Africa gold producers offer single-digit pay hikes to unions 

South African gold producers said on Tuesday they had offered annual wage increases of up to 6.5 percent to miners and up to 4.5 percent for skilled workers, far short of union demands and confirming a Reuters' report earlier on Wednesday. Gold producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling depressed prices, labour unrest and soaring power bills. Click here to read full stories.

Jul 18 - LME to launch monthly 'implied pricing' to attract funds 

The London Metal Exchange (LME) will launch a new set of synthetic monthly prices to make it easier for investors and funds to invest in base metals as the LME battles competition from other exchanges such as those operated by CME Group Inc. The world's oldest and largest market for industrial metals, the LME said in a statement on Tuesday that "implied" prices for the six main base metals would be provided starting July 30. Click here to read full stories.

Jul 18 - BHP posts record annual iron ore output, beats Q4 f'csts 

Global miner BHP Billiton Ltd posted record iron ore output for fiscal 2018 on Wednesday as fourth-quarter production topped expectations and set a slightly higher target for the current year. Shares in the miner jumped more than 3 percent after both quarterly and full-year production rose 3 percent on improved productivity. Click here to read full stories.

Jul 18 - As trade war escalates, China's steel exports are rising again: Andy Home 

The European Commission will this week unveil its proposed provisional "safeguard" measures to limit steel imports in response to the imposition of 25 percent tariffs on steel imports by the United States. The European Union fears that the U.S. tariff barrier will simply divert more steel into its marketplace. Others are equally concerned, with India also planning its own "safeguards".  Click here to read full stories.

Jul 18 - Russia, Kazakhstan cut hot-rolled steel coil exports to Iran - traders 

Russia and Kazakhstan are cutting back sales of hot-rolled steel coils to Iran in part because of new U.S. sanctions on Tehran, steel traders said. The development shows that, despite protests from the Kremlin that unilateral U.S. sanctions should not affect Russian companies, the firms are changing their behaviour for fear of falling foul of U.S. sanctions. Click here to read full stories.

Jul 18 - Smelting constraints make zinc's price plunge look overdone 

Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature. Benchmark zinc on the London Metal Exchange (LME) hit $2,473.85 a tonne on Monday, its lowest since mid-June 2017 and 31 percent below February's 11-year high of $3,595.50. Click here to read full stories.

Jul 18 - Thyssenkrupp searches for new chairman as activists circle 

Thyssenkrupp's foundation, the company's largest shareholder, pledged to work with unions and management to appoint a successor to its chairman Ulrich Lehner, with questions about its role in his abrupt departure. Lehner, 72, said he would step down from the conglomerate at the end of July. His departure comes only days after chief executive Heinrich Hiesinger resigned amid calls by shareholder activists to deepen restructuring efforts. Click here to read full stories.

Jul 18 - Indian state to ask court to dismiss Vedanta plea to reopen copper smelter 

India's southern state of Tamil Nadu will ask the nation's environment court to dismiss a Vedanta Ltd petition seeking to reopen its copper smelter, a lawyer representing the state government said on Wednesday. The Tamil Nadu government ordered the permanent closure of the plant and disconnected its power supply in May following protests that turned violent and culminated in the police opening fire on protesters, killing 13 of them. Click here to read full stories.

Jul 18 - Guinea's mining minister says there will be Simandou deal, talks go on 

Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. Rio Tinto said in October 2016 said it had signed an outline agreement to sell its major stake in Simandou to Chinalco, a move many hoped would revive the long-stalled scheme. Click here to read full stories.

Jul 18 - Vale says to make new $390 mln provision for Samarco disaster 

Brazilian iron-ore miner Vale SA will make an additional 1.5 billion reais ($390 million) provision in its second quarter results to cover obligations due to the Samarco dam failure, the company said on Tuesday in a securities filing. Vale said the new provision amounted to 50 percent of the updated calculation of reparations and compensations that will come due over the next 12 years, and adds to an initial provision of 3.7 billion reais made in the second quarter of 2016. Click here to read full stories.

Jul 18 - Canadian miner Nevsun calls Lundin's new offer undervalued 

Nevsun Resources Ltd said on Tuesday rival Lundin Mining Corp's latest buyout proposal undervalues the base metals miner and its assets. Nevsun's shares soared 14.2 percent on the Toronto Stock Exchange to C$4.80, above Lundin's per share offer of C$4.75. "This latest announcement from Lundin continues to ignore the fundamental value of Nevsun and its assets," Nevsun's Chief Executive Officer Peter Kukielski said in a statement. Click here to read full stories.

Jul 17 - Rio Tinto posts jump in iron ore output, flags stronger 2018 

Global miner Rio Tinto  said on Tuesday that its second-quarter iron ore shipments from Australia rose 14 percent and indicated its annual production would be at the upper end of its guidance. The miner said it expected iron ore shipments for the year to be at the upper end of its range of 330 million to 340 million tonnes, driven by productivity improvements and fewer weather-related disruptions compared with the same quarter last year. Click here to read full stories.

Jul 17 - Vale iron ore output up as rail network helps against trucker strike 

Brazil's Vale SA on Monday reported second-quarter iron ore and pellet production that was a record for an April-to-June period, using a vast rail network to get around the effects of a trucker strike that rattled the country's economy in May. Vale's 2,000 kilometers (1,240 miles) of railways helped protect the world's top iron ore producer from the nationwide protest over diesel prices, getting goods to port and delivering key inputs to mines and processing plants. Click here to read full stories.

Jul 17 - Thyssenkrupp in leadership turmoil as chairman quits 

The chairman of Germany's Thyssenkrupp has resigned, following the company's chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate. Ulrich Lehner's departure on Monday deepens a leadership vacuum at the submarines-to-elevators group, with Guido Kerkhoff having barely settled in as acting CEO after Heinrich Hiesinger quit 10 days ago.  Click here to read full stories.

Jul 17 - Strike halts gold production at Randgold's Ivory Coast mine 

A strike by workers at Randgold Resources' Tongon gold mine in Ivory Coast brought production to a halt on Monday as government-led negotiations broke down, the company said. "For the moment, gold production at the mine is stopped. We are in the middle of a crisis meeting to find a solution to the strike," Bodiel N'Diaye, Randgold's country manager in Ivory Coast, told Reuters. Click here to read full stories.

Jul 17 - Wheaton in streaming deal with gold miner 

Wheaton Precious Metals Corp, the world's largest silver streaming company, said on Monday it would buy all of the gold assets from Sibanye Gold Limited's Stillwater and East Boulder mines in Wyoming. The company said it will make an advanced payment of $500 million to Sibanye-Stillwater as part of the deal, which also includes some of the miner's palladium assets. Click here to read full stories.

Jul 17 - Canadian miner Lundin plans to buy Nevsun Resources for C$1.4 bln 

Canada's Lundin Mining Corp said on Monday it plans to make an offer to buy base metals company Nevsun Resources Ltd for about C$1.4 billion ($1.07 billion), its second proposal in three months. Lundin offered C$4.75 per share, a premium of 12.8 percent to Nevsun's closing price of C$4.21 on Monday. Cash-rich Lundin has been eyeing Nevsun's large high-grade Timok copper project in Serbia and its Bisha copper and zinc mine in Eritrea, in a partnership with Euro Sun Mining Inc. Click here to read full stories.

Jul 17 - Amplats expects first-half profit to more than quadruple 

South Africa's Anglo American Platinum (Amplats) flagged a more than 350 percent increase in half-year profit boosted by improved operational performance and a more favourable rand basket price for the metal. Amplats said it expects headline earnings per share (HEPS) to come in between 1,249 cents ($0.94) and 1,302 cents per share for the six months ended June 30, compared with 285 cents per share a year earlier. Click here to read full stories.

Jul 17 - S.Africa's Ramaphosa talks tough on mine safety, says to engage tribal chiefs on land 

South Africa will tighten its mine safety regulations to hold mine operators accountable for accidental deaths in the industry, President Cyril Ramaphosa said on Monday. Safety is a huge issue in South Africa’s deep and dangerous mines and increasingly a focus for investors. A spate of deaths at Sibanye-Stillwater’s gold operations, including a seismic event that killed seven miners in early May, has highlighted the risks. Click here to read full stories.

Jul 17 - U.S. launches five WTO challenges to retaliatory tariffs 

The United States on Monday launched five separate World Trade Organization dispute actions challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. U.S. Trade Representative Robert Lighthizer said in a statement that the retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules. Click here to read full stories.

Jul 17 - Salzgitter bids for Arcelor's Belgian divestments 

Germany's Salzgitter said it has bid for steel and tin production facilities in Dudenlange, Luxembourg and Liege, Belgium currently being divested by ArcelorMittal. "The facilities in question are essentially two cold rolling lines, as well as facilities for tinning, hot-dip galvanizing and the electrolytic galvanization of steel strip," Salzgitter said in a statement. Click here to read full stories.

Jul 16 - Pain for aluminium shorts as LME gets squeezed again: Andy Home 

Aluminium hasn't escaped the broader industrial metals rout. The London Metal Exchange (LME) aluminium price has on Friday morning touched $2,021.50 per tonne, its lowest level since April. The "Russian Premium", which resulted from the April 6 imposition of U.S. sanctions on Oleg Deripaska and his Russian aluminium empire Rusal, has been fully unwound. The market is expecting sanctions to be lifted but aluminium's slide is also part of a broader metals retreat as macro concerns trump micro narratives. That LME price, however, is for metal in three months time, a quirk of the London market that sets the global price benchmark. Click here to read full stories.

Jul 16 - China June aluminium production rises as smelters ramp up 

China's aluminium output in June rose 1.6 percent from the previous month to 2.83 million tonnes, data from the National Bureau of Statistics (NBS) showed on Monday, as a gradual ramp-up of new smelting capacity raised production. On a daily basis, the world's top aluminium producer churned out 94,000 tonnes of the metal last month, compared with 90,000 tonnes in May, which had one extra day, according to Reuters calculations based on the data.  Click here to read full stories.

Jul 16 - China sets record daily steel output for third month in a row 

China's steel mills churned out record amounts of the construction material in June as producers rushed to cash in on hefty margins, even as a trade spat between Beijing and Washington intensified. China, which accounts for half the world's capacity, produced 80.2 million tonnes of crude steel last month, National Bureau of Statistics data showed on Friday. That's just shy of the 81.6 million tonnes the United States produced in the whole of 2017, according to World Steel Association data. Click here to read full stories.

Jul 16 - Speculators trim net long position in COMEX gold to 2-1/2-year low - CFTC 

Hedge funds and money managers cut their net long position in COMEX gold contracts to a 2-1/2-year low in the week to July 10, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also trimmed a net long position in and silver contracts and switched to a net short position in copper futures and options, the data showed. Speculators cut their net long position in COMEX gold by 1,061 contracts to 3,230 contracts, CFTC data showed. This was the weakest position since January 2016. Click here to read full stories.

Jul 16 - Thyssenkrupp names finance chief Kerkhoff as interim CEO 

Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group's biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger. Hiesinger quit last week after failing to win unanimous shareholder backing for a deal to create a steel venture with India's Tata Steel. Click here to read full stories.

Jul 16 - Five miners killed in fire at South African copper mine

Five miners died on Sunday in a fire at a South African copper mine operated by unlisted Palabora Mining Company, the company said in a statement. Safety is a huge issue in South Africa's deep and dangerous mines and increasingly a focus for investors. A spate of deaths at Sibanye-Stillwater's gold operations, including a seismic event that killed seven miners in early May, has highlighted the risks they face. Click here to read full stories.

Jul 16 - UK's SFO issues arrest warrant for CEO of Kazakh miner Eurasian Resources 

Britain's Serious Fraud Office (SFO) issued an arrest warrant on Friday for the CEO of Kazakh mining company Eurasian Resources Group (ERG), whose unit ENRC Ltd is at the centre of an investigation into fraud, bribery and corruption on an acquisition of some mineral assets. The warrant for the arrest of Benedikt Sobotka, 37, was issued over his failure to appear for questioning in London on June 26, the SFO said. Click here to read full stories.

Jul 13 - China's iron ore imports fall on pollution curbs, higher stockpiles 

China's iron ore imports dropped 11.6 percent in June from the previous month, customs data showed on Friday, hit as Beijing intensifies its push to clean up the country's environment and by mounting stockpiles at ports. Arrivals into the world's top importer of the steelmaking material reached 83.24 million tonnes last month, according to the General Administration of Customs, down from May's 94.14 million tonnes and from 94.7 million tonnes in June last year. Click here to read full stories.

Jul 13 - Freeport to cede control of Indonesian copper mine in $3.9 bln deal

Freeport-McMoRan Inc said on Thursday it will sell a majority stake in the world's second-biggest copper mine to the Indonesian government, seemingly ending a long-running dispute via a series of complex deals worth $3.85 billion. The agreement, which could still collapse, will see Freeport give up majority control but remain the operator of the Grasberg mine, located in the country's eastern province of Papua, as Jakarta seeks to gain greater control over its mineral wealth. Click here to read full stories.

Jul 13 - Survival of the finest: miners reboot as smog-hit China seeks high grade ore 

For miners seeking to cater to the changing appetite of China, the world's biggest iron ore importer, all eyes are on Tangshan, the country's biggest steel-making city and the drastic measures it's taking to rein in pollution. It has just told mills in the city that production cuts, initially set at about 10-15 percent and in place from May to November, need to go further with some firms facing curbs of up to 50 percent during the summer. Click here to read full stories.

Jul 13 - Glencore shares under cloud after U.S demands Congo documents in probe 

A U.S. demand for documents related to Glencore's assets in Democratic Republic of Congo (DRC) as part of a corruption probe has rattled investors and is likely to weigh on the miner's performance until there is more clarity on the case. Glencore said it had received a subpoena from the U.S. Department of Justice dated July 2 requesting documents for its Congo business over compliance with the U.S. Foreign Corrupt Practices Act and rules against money laundering. Click here to read full stories.

Jul 13 - China June aluminium, steel exports rise as trade row intensifies 

China's aluminium exports exceeded half a million tonnes for only the second time ever in June while steel exports hit an 11-month high, as strong international prices and a weak yuan meant shipments continued to defy U.S. tariffs. China is the world's top producer of steel and aluminium, which have been subject to 25 percent and 10 percent import tariffs, respectively, in the United States, since March 23. Click here to read full stories.

Jul 13 - German state premier opposes breakup of Thyssenkrupp 

The premier of the German state where Thyssenkrupp is based on Thursday backed the company's chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger. Cevian, Thyssenkrupp's second-largest shareholder with a 18-percent stake, has demanded a review of all of Thyssenkrupp's business areas, saying each might thrive better in a different set-up.  Click here to read full stories.

Jul 13 - Panasonic plans to halve cobalt content of car batteries in 2-3 years 

Panasonic Corp plans to halve the cobalt content of its mass-produced automotive batteries "in two to three years", an executive at the Japanese conglomerate said on Thursday, as battery makers look to reduce costs. "At the research and development level, we've already achieved such batteries," Yoshio Ito, the chief of Panasonic's automotive business, said at a media roundtable. Click here to read full stories.

Jul 13 - Union at Chile's Escondida mine demand changes to contract offer

The union for Chile's Escondida copper mine on Thursday rejected a contract offer by the company and threatened to strike unless changes were made. The mine, controlled by BHP, is in the middle of labor negotiations after workers extended the current contract last year, following a 44-day strike that shook the global copper market and caused huge economic losses in Chile.  Click here to read full stories.

Jul 13 - German watchdog slaps fines on steelmakers for price-fixing 

Germany's antitrust authority has fined six stainless steel makers, an industry association and 10 individuals a total of 205 million euros ($239 million) for price fixing and exchanging market-sensitive information. "Over years, the companies agreed on important aspects of stainless steel prices," Federal Cartel Office President Andreas Mundt said in a statement on Thursday. Click here to read full stories.

Jul 12 - Glencore faces lawsuits over U.S. subpoena, stock drop 

Glencore Plc faces at least two lawsuits by U.S. shareholders accusing the big Anglo-Swiss mining company of having made false and misleading disclosures before it received a subpoena in a corruption probe, and its stock tumbled. The lawsuits were filed on Monday with the U.S. District Court in Newark, New Jersey, and on Wednesday after market hours with the U.S. District Court in Manhattan. Click here to read full stories.

Jul 12 - Indonesia strikes initial agreement to buy majority stake in Freeport mine 

Indonesia and Freeport-McMoRan Inc have struck an initial agreement for state-owned mining company PT Inalum to take a controlling stake in Freeport's local unit, government officials said on Thursday, though the final price for the deal remains unclear. The agreement will give Indonesia control of the Grasberg mine, the world's second-biggest copper mine, and should cap years of wrangling over the mining rights for the site. Last August, the two sides agreed to let Freeport keep operating the mine while ceding control. Click here to read full stories.

Jul 12 - BHP makes contract offer to union at Escondida mine in Chile 

BHP Billiton Plc handed in a proposal for a new labor contract to the union at its Escondida copper mine in Chile that includes a salary readjustment linked to inflation and a $23,000 bonus per worker, the company said on Wednesday. The offer falls short of fulfilling some of the demands laid out by the union previously. In its proposal in early June, the union asked for a bonus equal to 4 percent of profits in 2017, or up to almost about $40,000 per worker. It also demanded a 5 percent increase in salaries. Click here to read full stories.

Jul 12 - Platinum reels from speculative sell-off, persistent surplus 

A surplus of platinum and demand concerns due to a dispute over global trade have fuelled a sell-off that saw prices of the autocatalyst metal hit their lowest in a decade, below the cost of production for many mines in top producer South Africa. Used mainly in vehicles' emissions-reducing catalytic converters and in jewellery, platinum has slumped nearly 18 percent from a one-year high reached in January, also partly due to a stronger dollar. Click here to read full stories.

Jul 12 - Barrick clips 2018 copper production outlook, sees higher costs 

Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia. Barrick, which looks likely to lose its rank as the world's biggest gold producer this year, maintained its 2018 output estimate of between 4.5 million and 5 million ounces of gold at all-in sustaining costs of $765 to $815 an ounce. Click here to read full stories.

Jul 12 - The shadowy Chinese fund at the heart of the copper rout: Andy Home 

Copper prices are in free fall as the United States dials up the trade tension with China. On the London Metal Exchange (LME) copper for three-month delivery touched a one-year low of $6,081 per tonne on Wednesday. The fall from last month's high of $7,348 has turned brutal. Slide has become rout as momentum-chasing funds pile in on the short side. LME broker Marex Spectron estimates that as of last Friday the collective speculative short had reached 18 percent of open interest, a level not seen since 2016. And it has almost certainly grown further since. But it's a fund of another kind that has grabbed the market's attention. Click here to read full stories.

Jul 12 - Chairman, top shareholder rule out break-up of Thyssenkrupp 

A break-up of Thyssenkrupp is out of the question, according to both its supervisory board chairman and top shareholder, taking aim at investors that have called for a radical overhaul of the German industrial group. Speculation about Thyssenkrupp's future has intensified following the resignation of CEO Heinrich Hiesinger last week. Click here to read full stories.

Jul 12 - Serbian miner RTB Bor attracts 11 possible buyers - report 

Serbia's RTB Bor copper miner and smelter has drawn interest from 11 companies and the tender could take place this week or next, Belgrade daily Politika reported on Wednesday. Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex, which suffered a long period of neglect during the Balkan Wars and the country's international isolation in the 1990s. Click here to read full stories.

Jul 12 - Turkish court jails executives over 2014 mine disaster 

A Turkish court sentenced five mining executives to up to 22 years in jail on Wednesday for their role in the coal mine disaster in May 2014 that killed 301 people, the ruling showed. The deaths were caused by a fire that swept through the mine in the town of Soma, 480 km (300 miles) south of Istanbul. It was Turkey's worst industrial disaster and the world's biggest mining disaster this century. Click here to read full stories.

Jul 12 - Chile eases way for foreign-backed miner to take control of lithium deposit 

Foreign backed-Salar Blanco, which is 50 percent-owned by Lithium Power International, has dropped a lawsuit against Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, the Australian-listed smallcap announced. Lithium Power International said that following three months of talks, Salar Blanco ended its legal proceedings against the Chilean government last week as the government said the firm could apply for a special operating license for its Maricunga project. Click here to read full stories.

Jul 11 - Platinum market to see 4th straight surplus in 2018 - CPM Group 

The platinum market is expected to see its fourth consecutive surplus in 2018, led by a fall in demand in the automotive sector, yet supply is expected to drop and possibly support prices, CPM Group said on Tuesday. "Much of this small decrease in demand is expected to come from the automotive sector as demand for platinum-intensive catalysts declines moderately," New York-based commodities market research firm CPM Group said in its Platinum Group Metals Yearbook 2018. Click here to read full stories.

Jul 11 - China ministry warns about reliance on imports of strategic 

China's remains heavily reliant on imports of oil, battery metals and other minerals while the growth in domestic reserves has slowed, the Ministry of Natural Resources said on Tuesday. Imported crude oil met 67 percent of China's needs in 2017, ministry official Ju Jianhua said, according to a transcript of a news briefing posted on the ministry's website. It did not provide figures for a year earlier. Click here to read full stories.

Jul 11 - Foreign-backed miner drops lawsuit against Chile for control of lithium deposit 

Foreign-backed miner Salar Blanco, which is 50 percent-owned by Lithium Power International, has dropped its lawsuit against Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, the Australian-listed smallcap announced. Lithium Power International said that following three months of talks, Salar Blanco ended its legal proceedings against the Chilean government last week and the government said the firm could apply for a special operating license for its Maricunga project. Click here to read full stories.

Jul 11 - Chile copper production increases 6.1 percent in May - Cochilco 

Chilean copper production increased by 6.1 percent in May from a year earlier to 494,500 tonnes in its best monthly performance so far this year, driven by the country's largest mines, Chilean copper commission Cochilco said on Tuesday. Chile, the world's largest copper producer, added 2.36 million tonnes between January and May, a year-on-year increase of 13.5 percent. Click here to read full stories.

Jul 11 - Stability needed after CEO exit, say Thyssenkrupp workers, foundation 

Thyssenkrupp's workers and its leading shareholder will serve as an anchor of stability at the company following the sudden departure of Chief Executive Heinrich Hiesinger, they told a German regional newspaper. The remarks by the Alfried Krupp von Bohlen und Halbach Foundation, Thyssenkrupp's top shareholder with a 21 percent stake, are the first in several years to address the company's strategy, which has come under fire from activist investors. Click here to read full stories.

Jul 11 - India's JSW Steel revamps acquisition strategy after recent setbacks - executive 

India's JSW Steel is looking to acquire smaller steel plants in India and overseas that produce specialised products, a top executive said on Tuesday, as it tweaks its acquisition strategy after missing out on some recent deals. JSW Steel, India's biggest steelmaker in terms of domestic capacity, failed to outbid rival Tata Steel in March for bankrupt steelmaker Bhushan Steel. The company also lost out to UK-based steel manufacturer Liberty House for Bhushan Power following a bankruptcy resolution process for both companies in April.  Click here to read full stories.

Jul 11 - China's top steelmaking city set to deepen output curbs over summer 

The top Chinese steelmaking city of Tangshan has ordered steel mills, coke producers and utilities to cut output further this summer, according to a document from the city government, the latest step to curb smog in one of the country's most polluted areas. The move to deepen cuts in emissions will last for six weeks from July 20 until Aug. 31, according to the document, which was reviewed by Reuters. That will be in addition to 10-15 percent capacity cuts imposed from March to November. Click here to read full stories.

Jul 11 - Australia's Port Hedland iron ore shipments to China rise 7 pct in June 

Iron ore shipments to China from Australia's Port Hedland terminal rose 7 percent to 39.69 million tonnes in June from a month earlier, port data released on Tuesday showed. Total June iron ore shipments from the world's biggest export terminal for the steelmaking raw material totalled 47.29 million tonnes, compared with 44.97 million tonnes in May, according to the Pilbara Ports Authority. Click here to read full stories.

Jul 11 - Central Chinese aluminium smelter moves 322,500-T capacity northeast 

A smelter based in China's central Henan province will move more than 300,000 tonnes of annual aluminium smelting capacity to Liaoning province in the northeast, in line with the government's policy allowing replacement of outdated plants. China, the world's biggest aluminium producer, has a system in place that allows smelters to replace old, shuttered aluminium capacity with new, more efficient facilities, provided they keep within replacement capacity quotas.  Click here to read full stories.

Jul 11 - KME buys German copper product producer Mansfelder Kupfer 

A final deal has been signed for the sale of German copper products company Mansfelder Kupfer und Messing (MKM) for 80 million euros ($94 million) to fellow German copper producer KME, MKM said on Tuesday. MKM last year produced over 270,000 tonnes of copper products at its plant in Hettstedt including rolled products, tubes, copper rods and wire rods. Click here to read full stories.

Jul 10 - Open Mineral plans blockchain consortium for minerals trading

Online metal concentrates exchange Open Mineral is seeking to build a consortium of mining companies and financial institutions to create a blockchain system for minerals trading and logistics. Swiss-based Open Mineral said in a statement on Monday it was joining forces with U.S. blockchain start-up ConsenSys to establish Minerac, aiming to make mineral trading and supply chains more efficient. Click here to read full stories.

Jul 10 - Canada's Barrick, China's Shandong Gold to deepen ties, look at acquisitions

Canadian miner Barrick Gold Corp and China's Shandong Gold on Monday said they would deepen cooperation beyond their Argentinian joint venture, potentially working together on acquisitions. Barrick Gold, the world's largest producer of bullion, last year signed a near billion-dollar deal to sell Shandong a 50-percent stake in its Veladero mine in Argentina. The development is one of Barrick's top five gold mines. Click here to read full stories.

Jul 10 - Beer versus aluminium; the U.S. battle-lines are drawn again: Andy Home

The price of aluminium paid by consumers in the United States has risen sharply this year. This is not entirely surprising, given the imposition from the start of March of a 10-percent tariff on just about all imports of the metal. But has the price risen too much? The Beer Institute, which represents the country's more than 5,000 brewers, thinks so. Click here to read full stories.

Jul 10 - Trump's trade war splits a Missouri county into winners and losers

People don’t talk about trade tariffs in this stretch of the Mississippi River basin, where grains and metals have paid the bills for generations. They skirt the subject at church fundraisers and sidestep it at Jerry’s Café and Quick Stop, where farmers and aluminum workers gossip about everything else. Click here to read full stories.

Jul 10 - Speculators raise net long positions in COMEX gold - CFTC

Hedge funds and money managers raised their net long position in COMEX gold contracts in the week to July 3, U.S. Commodity Futures Trading Commission data showed on Monday. They also trimmed net long positions in silver and copper futures and options, the data showed. Speculators raised their net long position in COMEX gold by 105 contracts to 4,291 contracts, according to CFTC data. Click here to read full stories.

Jul 10 - Rusal's May aluminium exports up threefold 

United Company Rusal, the world's second biggest aluminium producer, in May increased aluminium exports to 197,000 tonnes, up almost threefold from April, Interfax news agency reported. Citing Russian Railways data, Interfax said January-May aluminium exports totalled 972,000 tonnes, down 16 percent on a year earlier. Click here to read full stories.

Jul 10 - Philippines 2018 nickel ore exports seen down on low prices -industry 

The Philippines' nickel ore exports may drop to 30-35 million tonnes this year from 36 million tonnes in 2017 amid weaker prices, the head of a nickel mining industry group said on Tuesday. "As a whole, we expect exports this year to be less than what we saw last year because the price of low-grade nickel now is weak," said, Dante Bravo, president of the Philippine Nickel Industry Association, speaking at a media forum. Click here to read full stories.

Jul 10 - Swiss commodities group Blackstone Resources debuts on Swiss exchange

Swiss commodities company Blackstone Resources completed its listing on the Swiss Six Exchange on Monday, debuting with a share price of 13.5 Swiss francs per share. The commodities holding and trading company listed 42.7 million bearer shares to broaden its shareholder base and enable it to raise money for future acquisitions in the battery metal market, it said in a statement last week announcing its plans to list. Click here to read full stories.

Jul 10 - Steel mills in China's Xuzhou city to reopen after environment checks

Steel mills in Xuzhou city in China's second biggest steelmaking province are preparing to resume production after shutting for 2-1/2 months for an environmental upgrade. Xuzhou, home of 18 steel mills with total annual crude steel capacity of 13 million tonnes in the eastern province of Jiangsu, ordered steel manufacturers in April to close until they met tough anti-pollution rules to clear up the smoggy sky. Click here to read full stories.

Jul 10 - Italy wants "much better" proposal from ArcelorMittal on Ilva

Italian Industry Minister Luigi Di Maio said on Monday he expected a "much better" proposal from ArcelorMittal regarding the environment and jobs at the heavily polluting Ilva steel works in southern Italy. The plant, Europe's largest, has been under state-supervised special administration since 2015, after magistrates said it must be cleaned up or closed. ArcelorMittal, the world's largest steelmaker, agreed last year to buy it and fix the problems. Click here to read full stories.

Jul 09 - Thyssenkrupp board to seek new CEO after Hiesinger quits 

Thyssenkrupp will take its time to replace Chief Executive Heinrich Hiesinger after his resignation, dampening hopes of a speedy restructuring or even a break-up of the German industrial group.Hiesinger's resignation came less than a week after he sealed a landmark joint venture deal with India's Tata Steel, the culmination of two years of negotiations that in the end came too late to placate investors hungry for change. Click here to read full stories.

Jul 09 - Labor talks at BHP´s Escondida mine in Chile enter 'home stretch' 

Labor negotiations at BHP Billiton Plc, Escondida copper mine in Chile, the world's largest, are entering into the final three weeks before a 30-month contract expires at the end of July.The closely watched talks come little more than one year after failure to reach a labor deal at the sprawling deposit led to a 44-day strike that jolted the global copper market.  Click here to read full stories.

Jul 09 - June gold-backed ETFs saw outflows in all regions except Europe - WGC 

Gold-backed exchange-traded funds (ETFs) saw outflows in North America and Asia, but saw inflows in Europe during June as a strong U.S. dollar depressed gold prices, the World Gold Council said on Friday.North American investors sold 44.4 tonnes of gold-backed ETFs worth $1.9 billion, compared with outflows of nearly 30 tonnes worth $1.2 billion in May. Click here to read full stories.

Jul 09 - As Arctic warms, reindeer herders tangle with new industries 

When he's not out on the Arctic tundra with his 2,000 reindeer, his dog and Whitney Houston blasting through his headphones, Nils Mathis Sara is often busy explaining to people how a planned copper mine threatens his livelihood.Along with other Sami herders and fishermen, the 60-year-old is in a standoff with the mine owners, Norwegian officials and many townspeople that is, after six years, coming to a head. Click here to read full stories.

Jul 09 - India's June gold imports drop by a quarter as rupee hits record low 

India's gold imports fell for a sixth month in June to 44 tonnes as a drop in the rupee to record lows lifted local prices to a near 21-month high, curtailing demand, provisional data from GFMS analysts at Thomson Reuters and bank dealers showed.The 25 percent year-on-year drop in purchases by the world's No.2 consumer could weigh on global prices, which fell to their lowest in seven months last week. Lower gold imports could also help the South Asian country cut its trade deficit. Click here to read full stories.

Jul 09 - Chilean miner Mantos Copper seeks buyer to help finance expansion 

Private equity-backed Chilean miner Mantos Copper is looking to find a buyer to help finance the expansion of mines it bought from Anglo American in 2015, it said.The company's owner, a consortium led by British investment company Audley Capital Advisors and Orion Mine Finance Group, bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $200 million in conditional future payments. Click here to read full stories.

Jul 06 - BHP, workers at Escondida mine in Chile 'far from agreement'

Negotiations between workers and BHP Billiton Plc at the Escondida copper mine in Chile, the world's largest, are "far from reaching agreement" with less than three weeks to go before the negotiation deadline, a union official told Reuters on Thursday. The official, Carlos Allendes, said the union was preparing a $400,000 emergency fund to support workers if they opt to strike after the company offers its final proposal on July 24. Click here to read full stories.

Jul 06 - Thyssenkrupp CEO offers resignation, opening way for breakup

Thyssenkrupp boss Heinrich Hiesinger has asked to step down less than a week after sealing a landmark joint venture deal with India's Tata Steel  bowing to growing investor pressure for a more radical restructuring of the group. In the job since 2011, Hiesinger, 58, presided over the conglomerate's protracted exit from its volatile steel business, whose roots go back more than 200 years and formed the company's backbone for many generations. Click here to read full stories.

Jul 06 - EU states back measures to limit steel imports after U.S. tariffs

European Union countries voted on Thursday in favour of provisional measures proposed by the European Commission to curb steel imports into the bloc, following a U.S. decision to slap tariffs on EU steel and aluminium. The Commission has proposed a combination of a quota and a tariff to prevent a surge of steel imports that is threatened, notably after the United States imposed levies on incoming steel and aluminium. Click here to read full stories.

Jul 06 - China's Chalco to cut alumina output by 770,000 T as prices fall

Aluminum Corp of China  known as Chalco, is to cut alumina output on some of its production lines in the northern Chinese province of Shanxi because of high bauxite prices and low alumina prices. In a statement to the Hong Kong stock exchange, the state-run Chinese aluminium producer said that about 770,000 tonnes of annual alumina production capacity at its Shanxi New Material unit would be affected by "flexible" output arrangements, a euphemism for production cuts, with effect from Thursday. Click here to read full stories.

Jul 06 - Acacia sees 2018 production at top end of guidance range

Gold miner Acacia Mining Plc said on Friday it expected 2018 production to come in at the top end of this year's reduced target of 435,000-475,000 ounces. Acacia, a unit of Canada's Barrick Gold and Tanzania's largest gold miner, said first half production fell more than 40 percent to 254,759 ounces from a year earlier. Click here to read full stories.

Jul 06 - South African mineworkers' union rejects Eskom's latest wage hike offer - source

South Africa's National Union of Mineworkers (NUM) has rejected the latest wage hike offer from state-run power firm Eskom and is ready to declare a strike from Tuesday if Eskom does not raise its offer, a union source told Reuters on Friday. The NUM is one of three labour unions locked in a wage dispute with cash-strapped Eskom, which initially refused to raise salaries this year. Click here to read full stories.

Jul 06 - Indian court denies Vedanta's interim request to reopen copper smelter - lawyer

India's environmental court did not allow Vedanta Ltd  to reopen its copper smelter in the southern Indian state of Tamil Nadu, a lawyer representing the state said on Thursday after a hearing on the matter. India's National Green Tribunal did not accept Vedanta's request to reopen the smelter on an interim basis, V. Mowli, a lawyer for the Tamil Nadu Pollution Control Board (TNPCB) said outside the court. Click here to read full stories.

Jul 06 - Petra Diamonds sells stake in Kimberley JV for $22 ml

Petra Diamonds has sold its stake in the Kimberley Ekapa Mining joint venture for about 300 million South African rand ($22 million), the miner said on Thursday. London-listed shares in the miner, which have more than halved in the last two years, rose 2.8 percent to 55 pence by 1135 GMT. Click here to read full stories.

Jul 05 - Rebound in copper price 'essential' to finance Chile's plans - minister

A rebound in the copper price is "essential" for Chile's new government to finance its agenda, the mines minister said on Wednesday, after the metal fell to a nine-month low as investors braced for a trade war between China and the United States. Minister Baldo Prokurica said the current prices would not fill the government's coffers sufficiently to fund initiatives announced by new centre-right president Sebastian Pinera such as a pension reform and a student loans fund, as well as servicing a growing public debt. Click here to read full stories.

Jul 05 - China's Hebei vows more heavy industry capacity cuts by 2020

The smog-prone northern Chinese province of Hebei on Thursday said it plans to slash steel capacity by 50 percent in some of its major cities by 2020, and will also shut coal mines, coking plants and cement factories to upgrade its industrial economy. Hebei, a major source of the air pollution drifting over neighbouring Beijing, produces about a quarter of the country's total steel output, and it has been on the front line in China's 'war on pollution', now in its fifth year. Click here to read full stories.

Jul 05 - EU countries set for vote on steel import curbs on Thursday

European Union countries will discuss and likely vote on Thursday on measures proposed by the European Commission to curb steel imports into the bloc, EU sources said. The Commission has proposed a combination of a quota and a tariff to prevent a surge of steel imports that is threatened, notably since the United States imposed levies on incoming steel and aluminium. Click here to read full stories.

Jul 05 - Thyssenkrupp, Tata Steel may need asset sales to get EU nod for JV

Top managers at Thyssenkrupp and Tata Steel have reached out to the European Commission to seek approval for a landmark joint venture deal, with legal experts and analysts saying they might have to sell assets to get it. Thyssenkrupp and Tata Steel on Saturday agreed to merge their European steel activities into a 50-50 joint venture, creating the continent's No.2 steelmaker after ArcelorMittal with 17 billion euros ($20 billion) in combined sales. Click here to read full stories.

Jul 05 - Nigeria to offer 12.7 bln naira mining contract to eight firms

Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate. Nigeria's economy, one of Africa's largest, has been built largely on its rich crude oil reserves, leaving other sectors to stagnate. Click here to read full stories.

Jul 04 - U.S. slaps Glencore with subpoena as part of money-laundering probe 

U.S. authorities have demanded Glencore hand over documents about its business in the Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption probe, sending the mining company's shares down more than 8 percent. Swiss-based Glencore said it received a subpoena from the U.S. Department of Justice dated July 2 requesting documents and records on compliance with the U.S. Foreign Corrupt Practices Act and money-laundering statutes. Click here to read full stories.

Jul 04 - Indonesia extends permit for giant Freeport copper mine as talks continue 

Indonesia has extended a temporary operating permit for Freeport McMoRan Inc's Grasberg project, the world's second-biggest copper mine, until the end of the month while discussions continue over long-term rights. Freeport's local unit, PT Freeport Indonesia (PTFI), has been given a temporary operating permit for Grasberg until July 31, Coal and Minerals Director General Bambang Gatot Ariyono told reporters at a press conference on Wednesday. Click here to read full stories.

Jul 04 - China to cut coal use, curb steel in 2018-2020 pollution plan 

China will cut coal consumption, boost electric vehicle sales and shut more outdated steel and coke capacity in the coming three years, the State Council said in a long-awaited 2018 to 2020 pollution action plan published on Tuesday. China is in the fifth year of a "war on pollution" aimed at reversing the damage done to the country's environment since the economy was opened up in 1978, with President Xi Jinping promising to use the full might of the Chinese Communist Party to meet the country's goals.  Click here to read full stories.

Jul 04 - Funds exit copper as global storm clouds gather: Andy Home

If you're one of those people who believe that "Doctor" Copper is a lightning rod for the state of the global economy, then you should be worried. London Metal Exchange (LME) copper for three-month delivery has this week touched $6,519 per tonne, its lowest level since December 2017. Click here to read full stories.

Jul 04 - Germany's Thyssenkrupp restructuring to continue after steel deal - CEO 

Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India's Tata Steel. The steel merger, which will create Europe's second largest steel business with annual sales of 17 billion euros ($19.8 billion), was finally sealed last weekend after two years of at times difficult talks. Click here to read full stories.

Jul 04 - Vedanta seeks to stop Tamil Nadu state's interference with copper smelter 

Vedanta Ltd has sought a permanent injunction against the Tamil Nadu state government from interfering with the operations of its copper smelter, according to a petition filed with the country's environmental court. The Indian company, subsidiary of billionaire Anil Agarwal-controlled Vedanta Resources, also asked the court to set aside an order by which the state government had permanently shut the company's smelter, and allow it to operate the plant. Click here to read full stories.

Jul 04 - Anil Agarwal faces shareholder resistance to $1 billion Vedanta bid

Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private. Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were prepared to back an 825 pence-a-share bid from Agarwal's family trust, Volcan, to acquire the 33.5 percent of the company that it does not already own and delist the group. Click here to read full stories.

Jul 03 - Platinum near 10-year low; dollar, Germany trade jitters weigh 

Autocatalyst metal platinum tumbled to its lowest level in nearly 10 years on Monday, as the greenback strengthened, an intensifying U.S.-European Union trade spat pressured precious metals, and political risk in Germany weighed.Spot platinum settled at $816 per ounce after earlier dropping more than 5 percent to $804, its lowest level since December 2008. This was the biggest one-day drop since June 2013. Click here to read full stories.

Jul 03 - Why China's lead producers aren't talking about output cuts: Andy Home 

Last week's call for coordinated production cuts revealed the margin pain being suffered by China's zinc producers.Conspicuous by its absence was any similar statement of intent to cut lead output, even though many of the zinc producers attending the meeting in Shaanxi province are also lead producers.That's down to a sharp divergence in price performance between the two so-called "sister metals" in Shanghai. Click here to read full stories.

Jul 03 - Thyssenkrupp hails 'fair' Tata Steel JV as focus turns to strategy 

Germany's Thyssenkrupp called a landmark joint venture thrashed out with India's Tata Steel "fair" on Monday, although the updated terms disappointed some shareholders.After two years of at times fraught talks, the two steel firms finally signed a deal on Saturday to create Europe's No.2 steelmaker with 17 billion euros ($20 billion) in sales, marking the sector's biggest tie-up in more than a decade. Click here to read full stories.

Jul 03 - Philippines' Duterte says to end mining "one of these days" 

Philippine President Rodrigo Duterte said on Monday he would soon halt mining in the Southeast Asian nation because of the environmental damage it has caused, renewing his threat made nearly two years ago to shut down the industry completely.Mining has been a contentious issue in the Philippines, the world's No. 2 nickel ore supplier after Indonesia, due to cases of environmental mismanagement. Click here to read full stories.

Jul 03 - Chinalco halts Guangxi rare earth operations after environmental lapses 

State-owned Aluminum Corp of China, or Chinalco, said on Monday it told its rare earth unit in southern China's Guangxi region to suspend operations after inspectors found the company breached environmental rules.A meeting of Chinalco's leadership team on Monday morning ordered the Guangxi unit to swiftly rectify the problems identified and discipline those responsible, while calling on more than 600 of Chinalco's subsidiaries to step up their environmental compliance, according to a company statement. Click here to read full stories.

Jul 03 - Vedanta chairman offers $1 billion to take Indian miner private 

Chairman Anil Agarwal's family trust plans to offer around $1 billion in cash to take London-listed Vedanta Resources Plc private, the Indian company said, as it grapples with the aftermath of deadly protests at home.An independent committee that evaluated the proposal has indicated it supports the offer from the Volcan Investments trust,which represents a 27.6 percent premium to Vedanta's last close, and would recommend it to shareholders. Click here to read full stories.

Jul 03 - Canada not helping itself by hitting U.S. with tariffs-White House 

The White House said on Monday that Canada's decision to enact tariffs on C$16.6 billion ($12.63 billion) worth of American goods in retaliation for U.S. tariffs on imports of Canadian steel and aluminum would not help its economy."Escalating tariffs against the United States does nothing to help Canada. It only hurts American workers," White House spokeswoman Sarah Sanders told a media briefing when asked about Canada's action. Click here to read full stories.