Sunday, December 22

Tag: Copper Ore/Nickel Ore Mining

SQM Strikes Lithium Deal With State-Run Miner Codelco
29Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SQM Strikes Lithium Deal With State-Run Miner Codelco
28Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Lose Legal Bid Against Exchange Over Nickel Market Blowup
29Nov By adminNo Comments
World

Investors Lose Legal Bid Against Exchange Over Nickel Market Blowup

LONDON—The London Metal Exchange chalked up a big victory over investors on Wednesday, when a court said it was within its rights to cancel trades during a high-profile blowup in the nickel market sparked by Russia’s full-scale invasion of Ukraine.The U.K. court rejected claims by activist fund Elliott Investment Management and market maker Jane Street Global Trading that the exchange had overstepped its powers by nixing $12 billion in trades in March last year. Had they won, Elliott and Jane Street planned to claim hundreds of millions of dollars in damages combined in a follow-on trial.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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MMG Plans to Buy Copper Mine in Africa for $1.88 Billion
21Nov By adminNo Comments
World

MMG Plans to Buy Copper Mine in Africa for $1.88 Billion

Mining company MMG has agreed to buy a copper mine in Africa for an enterprise value of nearly $1.88 billion as part of an effort by the Chinese government-backed company to expand its portfolio.MMG, which is nearly 68%-owned by state-owned China Minmetals, plans to buy the Khoemacau mine in northwest Botswana in the emerging Kalahari Copper Belt, the Hong Kong-listed company said Tuesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Copper Market Slump Threatens Shift to Wind Power, Electric Cars
12Nov By adminNo Comments
World

Copper Market Slump Threatens Shift to Wind Power, Electric Cars

A prolonged slide in copper prices is challenging the world’s shift to renewable energy sources.Mining firms will need to dig up gigantic amounts of new copper over the next several years to supply the transition to renewables. But demand is slumping right now from manufacturers and builders who use the metal in everything from electrical wire to roofing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Copper Market Slump Threatens Shift to Wind Power, Electric Cars
11Nov By adminNo Comments
Money

Copper Market Slump Threatens Shift to Wind Power, Electric Cars

A prolonged slide in copper prices is challenging the world’s shift to renewable energy sources.Mining firms will need to dig up gigantic amounts of new copper over the next several years to supply the transition to renewables. But demand is slumping right now from manufacturers and builders who use the metal in everything from electrical wire to roofing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Basic Materials Roundup: Market Talk
31Oct By adminNo Comments
World

Basic Materials Roundup: Market Talk

Updated Oct. 31, 2023 5:42 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1224 ET – First Quantum Minerals shares continued their decline on Tuesday as uncertainty over the future of its big Cobre Panama copper mine remains. Shares were down nearly 16% at C$16.88. First Quantum says it noted the Panamanian government’s intention to hold a popular consultation in December over Law 406 which approved the company’s revised contract for Cobre Panama. “First Quantum has contacted the government in order to understand the details in respect of the popular consultation,” it said. On Monday, analysts at National Bank of Canada lowered their rating on First Quantum’s stock to sector perform from outperform and c...
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