CMOC IXM declares Force Majeure on Cobalt Deliveries from Congo
IXM, a commodity trader owned by China's CMOC Group has declared force majeure for deliveries of cobalt from the Democratic Republic of Congo, after the country extended the ban on exports of battery material.
Congo extends its cobalt export prohibition by three months
A regulatory agency announced on Saturday that the Democratic Republic of Congo had extended its ban on cobalt exports by another three months to reduce oversupply of this material for electric vehicle batteries.
Glencore asks government for help after claiming that the copper smelter in Australia is unviable
Glencore said that its Mount Isa copper-smelter is unviable, and it's waiting for the response to its requests from the state and federal governments in order to keep this facility open despite tough global conditions.
Andy Home: Copper smelters face both a market and pricing crisis.
Copper smelters have become so desperate for raw materials that they pay miners to convert their concentrates into refined copper. The so-called treatment-and-refining-charges (TCRC)…
INSIGHT-Oklahoma! How America hopes it can compete with China on critical minerals
A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China.
Rural Oklahoma aims to become a hub of critical minerals processing in the United States
A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China.
Aster Chemicals will increase Singapore's refining capacity following the acquisition of a splitter stake
Aster Chemicals & Energy plans to increase the crude processing capacity of its Singapore refinery to more than 300.000 barrels per day after purchasing a stake in excess of 50% in a unit that splits condensate…
ADNOC consortium targets Australia's Santos
Abu Dhabi National Oil Company's (ADNOC) is looking to expand its global gas business and has proposed a $18,7 billion takeover bid of Australia's Santos, the second largest independent gas producer.
Glencore has halted certain cobalt exports due to the Congo export ban
Three sources familiar with the situation said that Glencore declared force majore on certain deliveries of cobalt from the Democratic Republic of Congo, days after the government had suspended exports of battery material.
Glencore has halted certain cobalt exports due to the Congo export ban
Three sources familiar with the situation said that Glencore declared force majore on certain deliveries of cobalt from the Democratic Republic of Congo, days after the government had suspended exports of battery material.
Aluminum producers in the US benefit from Trump's tariffs
Four industry sources say that President Donald Trump will benefit from the higher tariffs on imported metals as domestic prices rise. Some industry players worry that Trump's decision…
UK's Wise is planning a US primary listing amid London stock market woes
Wise, a money transfer company, announced on Thursday that it will move its primary listing from London to the U.S., becoming the latest British firm to do so. Shares rose over 8%.
Glencore consolidates coal assets into a single Australian entity
Glencore announced on Thursday that it has restructured the coal business, combining its newly acquired Canadian mines under a single entity run from Australia. This makes it easier to manage.
Sources: SOCAR, Gunvor and Bin Butti will bid for refiner Italiana Petroli
Two sources familiar with the matter said that next week, State Oil Company of Azerbaijan SOCAR, global commodity trader Gunvor as well as Abu Dhabi's Bin Butti Group will be expected…
Sources say that China's CMOC has called on Congo to lift the cobalt export prohibition.
Three sources said that China's CMOC group, the world's largest cobalt mining firm, called on the Democratic Republic of Congo to lift a current export ban for battery metal due to expire in the next month.
Li-Cycle, a battery recycler in Canada, files for bankruptcy protection
Toronto-based Li-Cycle, a lithium battery recycling company, announced on Wednesday it had filed for bankruptcy in Canada. It expects to begin a formal sales process for its assets or business. The U.S.
Matthew Daley, former CEO of Anglo American, will be the new CEO of South32 Australia in 2026
Matthew Daley, the new CEO of South32 Australia, will take over the company when the long-serving CEO Graham Kerr retires in 2026. Daley will be the interim deputy chief executive in early 2019.
Norway's Wealth fund to engage Rio Tinto and South32 on environmental concerns
Norges Bank Investment Management, Norway's sovereign fund manager, has announced that it will actively engage mining companies Rio Tinto South32 in relation to their environmental practices.
Glencore reports a 30% decline in the first quarter copper production
Glencore reported on Wednesday lower copper production for the first quarter and said that it expects its 2025 trading division profit to be at the middle of the long-term annual guidance.
Norway's Wealth fund to engage Rio Tinto and South32 on environmental concerns
Norges Bank Investment Management, Norway's sovereign fund manager, has announced that it will actively engage mining companies Rio Tinto South32 in relation to their environmental practices.
