TradeCloud is set to give its users the opportunity to report business concluded on the platform to Fastmarkets automatically, according to the former’s chief executive officer.

Brazilian miner Vale will be investing an additional $500 million in VNC, its nickel operations in the South Pacific country of New Caledonia on expectations of increased demand from rising electric vehicle (EV) output, chief executive officer Fabio Schvartsman said on Tuesday December 4.

Three-month base metals prices on the London Metal Exchange were mixed in the morning of Wednesday December 5, with zinc and copper up by 0.4% and 0.3% respectively, while the rest of the complex was little changed or weaker.

China Molybdenum Co will take direct control of metals trader IXM in a $495-million buyout of a fund it set up to originally purchase the firm from Louis Dreyfus, according to a notice issued on the Hong Kong Stock Exchange on Tuesday December 4.

Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%.

The latest news and price moves to start the Asian day on Friday November 30.

PT Smelting has declared force majeure and canceled copper concentrate supply shipments to its Gresik smelter in Indonesia, co-owner Mitsubishi Materials Corp told Fastmarkets on Wednesday November 28.

The latest news and price moves to start the Asian day on Wednesday November 28.

The refined tin market, worth around $7.5 billion per year, could be in a position to benefit from a glut of technological applications over the next decade.

The London Metal Exchange is planning to launch a lithium contract in the second half of 2019 to meet growing demand from the electric vehicle industry, Fastmarkets learned during Asia Copper Week in Shanghai.