Mitsui & Co has locked in long-term copper concentrate supply by acquiring 40% offtake rights to Argentina's Josemaria deposit, while Fortescue has completed its acquisition of Peru's Cañariaco project for approximately C$139 million ($101 million), marking the latest in a wave of offtake deals and mergers and acquisitions (M&A) while majors race to secure supply amid an increasingly constrained market and record-low treatment charges (TCs).

Lundin Mining and BHP published a preliminary economic assessment on February 16 for their Vicuña joint venture, projecting average annual copper production of 395,000 tonnes over the first 25 years of operation as Argentina’s copper concentrate pipeline continues to build. PSJ Cobre Mendocino separately confirmed on February 14 that its feasibility study was under way.

Roughly 40,000 tonnes per month of copper cathode that once flowed smoothly into the United Arab Emirates (UAE) through Jebel Ali had few options to reroute after the Strait of Hormuz officially closed on Monday March 2, with the only alternative entry points — Khor Fakkan and Fujairah — already straining under the weight of diverted cargo, market sources told Fastmarkets.

QatarEnergy, the state-owned shareholder of Qatar aluminium producer Qatalum, has suspended the production of aluminium as the conflict between Iran, Israel and the US intensified, it said on Tuesday March 3.

European and US primary aluminium premiums could see further upside pressure on supply concerns following the closure of the Strait of Hormuz, a key transit corridor for Middle Eastern aluminium exports and alumina imports.

Brazil's northern ports - the so-called Northern Arc - will be pivotal in driving the country’s corn and soybean exports over the next decade due to the new investments that will continue to improve the region’s infrastructure, sources said.

US-based analysts have cited another reason for the surprise shortfall in the expected planted area of corn, with some...

Soymeal futures in China slumped on Friday as traders dumped positions amid a wider sell-off in the global market, with...

There were gains across the board for the London Metal Exchange base metals this morning, Wednesday January 20, with a weaker US Dollar Index and a firm commitment on further stimulus in the United States pushing copper and aluminium up by 1.2% and 1% respectively.

Hot-rolled coil prices in the United States rebounded on Wednesday January 6, but talk of lower deals remained in the market.