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Base metals miners continue to fight against inflationary pressures
The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28
March 28, 2024
·
By Albert MacKenzie
Insights
Black mass market waits to see the effect of higher nickel and lithium prices
Warmer sentiment for lithium and nickel prices in Asian markets was not able to attract more buying interest for black mass from South Korean buyers in the week ended Wednesday March 13, due to continued thin margins at recyclers, according to market sources
March 18, 2024
·
By Lee Allen, Tianran Zhao
Insights
LME states position on low-carbon nickel premiums as calls grow for new pricing mechanisms
The London Metal Exchange has reaffirmed its position on low-carbon nickel pricing, highlighting challenges concerning market scale and definitions, it said in a notice issued to its members on Tuesday March 5
March 6, 2024
·
By Callum Perry
Insights
US investor TMP Holdings backs metals sector growth in Saudi Arabia
TMP Holdings is harnessing the power of critical metals like nickel and cobalt to fuel Saudi Arabia's ambitious infrastructure and decarbonization initiatives
March 5, 2024
·
By Amy Hinton
Insights
Aluminium, nickel avoid direct sanctions | Hotter Commodities
Aluminium and nickel appear to have once again escaped inclusion in the latest list of sanctions imposed by western governments on Russia, ending days of speculation that increased both the prices and the traded volumes of the metals.
February 26, 2024
·
By Andrea Hotter
Insights
Glencore’s 2023 metals profits down on lower cobalt, nickel and zinc prices
Swiss trader Glencore’s profits halved in 2023 due to weaker energy and metals prices and production, according to the company’s full-year results released on Wednesday February 21
February 26, 2024
·
By James McKeigue
Insights
Australia plans tax relief to shield miners from nickel price slump
Western Australia plans to offer tax breaks to nickel producers in a bid to help the ailing industry amid crashing prices, the state government announced on Saturday February 17
February 26, 2024
·
By Yiwen Ju
Insights
BHP joins the distressed-nickel party | Hotter Commodities
The Western Australia Nickel assets owned by BHP are the latest casualty of the rout currently disrupting the nickel industry, with the miner saying that it might put the entire operating unit on care and maintenance
February 15, 2024
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By Andrea Hotter
Insights
Billions of dollars for a teacup of nickel | Hotter Commodities
A decade after the Koniambo nickel joint venture in New Caledonia was inaugurated with great fanfare by the French president, its major industrial partner and operator, Glencore, announced it was putting the asset on care and maintenance and planned to sell its stake.
February 13, 2024
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By Andrea Hotter
Insights
More downside seen for Asian black mass payables amid weak buying
Payables for black mass in key Asian markets showed potential for more downside in the week ended Wednesday January 31, according to market sources
February 5, 2024
·
By Lee Allen, Tianran Zhao
Insights
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