Eric Onstad News Today

Copper prices dropped on Thursday as funds sold off bullish positions, triggered by concerns that high interest rates are dampening metals demand, particularly in top consumer China. ... -May 30, 2024 at 06:32 am EDT - MarketScreener

French company Blue Solutions plans to build a gigafactory in eastern France costing about 2 billion euros to produce a new solid-state battery it has produced that has a 20-minute charging time,...

Swiss-based trading house Glencore and aluminium producer Rusal have extended their long-term supply contract into next year after the amount traded so far has amounted to a fraction of the...

Mining Engineering Online

Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the U.S. Comex futures market rather than tepid demand in top consumer China. Prices on the CME Group's Comex hit a record last week, while benchmark copper on the London Metal Exchange (LME) rocketed on Monday to an all-time peak of $11,104.50 a metric ton, having surged 28% so far this year.

Freeport-McMoRan is preparing to ship as much as 900,000 metric tons of copper concentrate starting in June from its Grasberg mine after positive talks with Indonesia to extend its export licence,...

Anglo American's chair is gathering feedback from top shareholders on BHP's $39bn bid, labelled "opportunistic" and "undervaluing" by Anglo.

A European Union industry group on Monday downgraded its 2024 steel demand outlook for the second time in a matter of months, projecting growth of 3.2%, due to geopolitical tensions, economic... -April 29, 2024 at 12:14 pm EDT - MarketScreener

BHPs $39 billion bid will be the elephant in the room at Anglo Americans Tuesday annual general meeting, with regulations meaning little can be said about the spurned offer. The...

By Eric Onstad LONDON (Reuters) - BHP's $39 billion bid will be the elephant in the room at Anglo American's Tuesday annual general meeting, with regulations meaning little can be said about the spurned offer. The world's biggest listed mining grou...