China producers rush to deliver surplus zinc to Shanghai exchange

China producers rush to deliver surplus zinc to Shanghai exchange

Chinese zinc producers are rushing to send 30,000 to 40,000 metric tons of refined zinc to warehouses registered with the Shanghai Futures Exchange (ShFE) ahead of November contract expiry on Friday, three sources with direct knowledge said.
Korea Zinc to decide on disputed $1.8 billion share plan as pressure rises

Korea Zinc to decide on disputed $1.8 billion share plan as pressure rises

Korea Zinc Co.’s chairman will step down from his role as the head of the board after scrapping a planned $1.8 billion share sale, a blow to his efforts to fend off a bid for control from the company’s largest shareholder.
Huayou seeks $2.7 billion for Ford-backed Indonesia nickel plant

Huayou seeks $2.7 billion for Ford-backed Indonesia nickel plant

Zhejiang Huayou Cobalt Co., one of the world’s largest nickel producers, is sounding out banks for roughly $2.7 billion in financing for its Ford Motor Co.-backed project in Indonesia, according to people familiar with the matter.
World’s biggest cobalt miner is gloomy on the EV metal’s future

World’s biggest cobalt miner is gloomy on the EV metal’s future

The world’s No. 1 cobalt miner is sounding the alarm over the shrinking role of the metal in electric vehicle batteries.
Sumitomo resumes production at Madagascar’s nickel project

Sumitomo resumes production at Madagascar’s nickel project

Japanese trading house Sumitomo Corp said on Thursday it was slowly resuming production at the Ambatovy nickel and cobalt project in Madagascar after last month’s pipeline issue and is reviewing future output volumes. Sumitomo has been struggling to stabilize production and improve profitability at the Ambatovy project, which launched in 2005. “Our priority for the...
Zinc price surges on LME as Teck smelter setback adds to supply angst

Zinc price surges on LME as Teck smelter setback adds to supply angst

Zinc surged to a 20-month intraday high as major producer Teck Resources Ltd. lowered output targets following a fire at its Canadian smelter, stoking anxiety about supply after a string of mine disruptions. Three-month futures jumped as much as 4.5% to $3,284 a ton on the London Metal Exchange. Teck said refined zinc production this...
Congo’s state miner bids for Trafigura-backed cobalt projects

Congo’s state miner bids for Trafigura-backed cobalt projects

Democratic Republic of Congo’s state-owned miner has submitted a bid for Chemaf Resources Ltd.’s unit in the country, months after saying it intended to block a previous deal to sell the copper and cobalt miner to a Chinese investor.
MBK, Young Poong secure over 5% stake in Korea Zinc

MBK, Young Poong secure over 5% stake in Korea Zinc

Private equity firm MBK and Young Poong have secured a more than 5% stake in Korea Zinc through a tender offer that closed on Monday, Young Poong said in a regulatory filing.
Exxaro seeks to acquire manganese mining assets

Exxaro seeks to acquire manganese mining assets

Exxaro Resources Ltd., one of South Africa’s biggest coal producers, wants to become a major player in the country’s manganese mining industry.
Congo wants to pivot away from China’s dominance over its mining

Congo wants to pivot away from China’s dominance over its mining

Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China.