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Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday, tracking the strong performance of the London Metal Exchange’s three-month lead price on Monday. The other SHFE base metals, with the exception of copper and nickel, were weaker.
Check Metal Bulletin’s live futures report here.
Canada-based Cobalt Blockchain Inc (COBC) expects final ratification shortly for a copper/cobalt trading and export license that will allow it to establish regional buying depots in the Democratic Republic of Congo (DRC), process minerals in-country and export internationally.
Manganese ore prices fell heavily in the week ended May 18, in particular the price for 44% manganese, with sellers accepting the refusal among buyers to pay higher prices.
Ferro-chrome prices rose in China for domestic and imported material on May 18 due to producers standing firm on offer prices in a tighter market.
Carmaker Daimler AG has gone “on the offensive” to secure a sustainable raw materials supply chain and has developed a number of initiatives across key raw materials to create transparency and to protect human rights, the Germany-based group has said.
Cobalt 27 has agreed an $80 million revolving credit facility to help fund its investments in the mineral industries, including streaming and royalty agreements, the company said late last week.