Chile's Cochilco raises copper price forecasts for 2025 and 2026 to record highs
The state copper commission of Chile, Cochilco, increased its forecasts for copper prices in 2025 and 2026 on Wednesday to new highs amid weak production. Cochilco has raised its forecast…
Glencore reduces Century Aluminum stake from 33% to 33% following tariff-driven rally
Glencore cut its stake in Century Aluminum from 10% to 33%. This has resulted in millions of dollars in profit following the share price rally that was sparked by U.S. Tariffs on Aluminium Imports. On June 4, U.S.
Aster reduces diesel production at Singapore Bukom refinery sources say
Three sources familiar with the situation said that Singapore's Aster Energy and Chemicals has reduced diesel production at its Bukom Refinery this month. This is driving up premiums for 10ppm low sulphur diesel.
Former Glencore employees plead guilty to UK Bribery Charges Ahead of 2027 Trial
Four former Glencore oil traders pleaded not guilt in a London Court on Monday to bribery allegations relating to the Swiss commodity trading company's operations in West Africa. Their trial is scheduled for 2027.
Bunge's strong processing margins and Viterra's boost to profits helped it beat profit expectations
Bunge Global beat Wall Street expectations for adjusted third-quarter profit on Wednesday, as its acquisition of Viterra in the first quarter increased volumes and improved oilseed processing margins.
Copper Notches Record High as Supply Shortages Take a Toll
The copper price hit a record of $11,146 per ton on Tuesday, as a result of a shortage in mine supplies. This was after several weeks at high levels. The London Metal Exchange's three-month copper was up 0.5% to $11…
Glencore reports lower production of copper in the first nine months
Glencore (GLEN.L), on Wednesday, reported a 17% drop in copper production during the first nine-months of the year. The company also tightened its guidance for 2025 due to lower ore grade at some of its mining operations.
Rio Tinto warns of an uncertain future for Australia's largest aluminum smelter
Rio Tinto warned that Australia's biggest aluminium smelter Tomago may have to close down if it cannot source power at rates commercially viable beyond 2028, when its current electricity deal expires.
JPMorgan selects Perpetua Resources as the first investment in its $1.5 trillion security funds
Perpetua Resources, an antimony and gold mining company, is the first investment made by JPMorgan Chase’s $1.5 trillion fund to support U.S. National Security. This underscores the…
Sources say that Congo's cobalt exporters are still waiting for approvals.
Four industry sources said that cobalt producers are still waiting on government approval for the resume of exports. A quota system was introduced in October and it was expected that shipments would restart immediately.
Chandra Asri buys Exxon Singapore's retail fuel stations
Chandra Asri Pacific announced on Friday that it would acquire Exxon Mobil’s retail petrol stations with the Esso brand in Singapore, as the U.S. giant streamlines its downstream operation.
Andy Home: Zinc ROI-LME turns wild when bears sleep-walk and squeeze into the squeeze:
London Metal Exchange's zinc contract is on a wild ride this week, with time-spreads reaching record levels in the face of depleted stock. Since several months the zinc market has been sleeping-walking to this storm…
Vulcan Energy, Australia's lithium supplier, signs agreement with Glencore
Vulcan Energy announced on Monday that they have signed an agreement to supply Glencore with lithium monohydrate hydroxide from their Lionheart Project located in Europe. Vulcan will provide Glencore between 36…
Congo will revoke cobalt export quotas to companies who fail to export the full volume
In a statement released on Saturday, the mining regulator of the Democratic Republic of Congo said that it would revoke export quotas for companies who fail to meet their export targets…
Sources say that Congo will tie export quotas for cobalt to data from three-year companies.
Three sources with knowledge of the issue said that the Democratic Republic of Congo would allocate cobalt export quotas annually based on the production and shipment statistics of companies for the past three years.
Sources say that Congo will tie export quotas for cobalt to data from three-year companies.
Three sources with knowledge of the issue said that the Democratic Republic of Congo would allocate cobalt export quotas annually based on the production and shipment statistics of companies for the past three years.
Audit says that Congo mining companies underreported revenues of $16.8 Billion.
A state audit revealed that mining companies in the Democratic Republic of Congo failed to report $16,8 billion between 2018 and 2023. This could have resulted in a reduction of funds…
Wall Street Journal, October 8,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Intercontinental Exchange, the owner of the New York Stock Exchange…
Australia announces $395 Million to Support Glencore Copper Smelter
Australia announced on Wednesday that it would provide A$600,000,000 ($395,000,000) in financial support to Glencore's Mount Isa Copper Smelter in Queensland and Townsville Refinery over the next three-year period.
Commonwealth LNG wants to extend the time for building a planned export facility in Louisiana
A regulatory document indicates that Commonwealth LNG asked federal regulators to extend the construction period and start shipping of liquefied gas from an export facility proposed in Cameron Parish, Louisiana by four years.