The Caixin/S&P’s composite purchasing managers’ index (PMI), which includes both manufacturing and services activity, rose to 54.5 in March, marking the quickest expansion since June, data showed on Thursday.
LONDON, April 6 (Reuters) – Copper prices ticked higher on Thursday, boosted by optimism over recovering demand in top metals consumer China as speculators acted on upbeat technical signals.
ROME, March 23 (Reuters) – Italy’s Industrie De Nora cut its guidance on revenues for 2025 as lower metals and technology costs are expected to hit final prices, the electrode maker said on Thursday, pushing shares down as much as 8%.
In November 2022, an anonymous Instagram account, called Lady Whistledown after the Bridgerton secret gossip sharer, posted a series of derogatory voice messages from a woman they claimed was Ferne.
The proposed facility in Western Australia, the country’s largest mining state, would be Australia’s first to produce nickel-cobalt-manganese precursor cathode active material, used to make components for the lithium-ion batteries common in electric vehicles.
CARACAS, March 31 (Reuters) – Venezuela’s attorney general said on Friday he was investigating alleged acts of corruption in the state-owned 7k Metals conglomerate Corporacion Venezolana de Guayana (CVG).
“There are numerous mining industry parties who have their eyes on Teck and would be interested in partnering or investing in Teck Metals after it separates its base metals and steelmaking coal businesses,” Keevil said in a statement.
Receding fears of a full-blown banking crisis have revived overall investor risk appetite this week, but the dollar’s advance dented the appeal of greenback-denominated metals to buyers with other currencies.
LAUNCESTON, Australia, April 4 (Reuters) – Leading commodity exporter Australia expects rising shipments of new energy metals in coming years, but in a blow to global climate change goals the government still forecasts steady volumes of fossil fuels such as coal and natural gas.
Australia is the world’s largest exporter of iron ore, coking coal, liquefied natural gas (LNG) and lithium, while it ranks second in thermal coal and third in gold and in copper ores and concentrates.
“Following years of strong commodity prices leading to strong balance sheets and low leverage, we expect to see higher M&A activity in the industry over the coming years,” JP Morgan analysts Rodolfo Angele and Lucas Yang said in a note on Sunday.
The dollar slid as U.S.
authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank (SVB) , which led investors to speculate that the Federal Reserve would now be reluctant to rock the boat by hiking interest rates by a super-sized 50 basis points this month.
Australia, which supplies nearly half the world’s lithium and is a major producer of rare earths, wants to move up the critical mineral value chain to reduce the global reliance on China, which dominates the sector.
Three-month copper on the London Metal Exchange was almost flat at $8,580.50 a tonne by 0852 GMT, while the most-traded April copper contract on the Shanghai Futures Exchange (SHFE) dipped 0.1% to 66,840 yuan ($9,705.95) a tonne.
“State-owned firm Codelco warned its output woes of 2022 will only get worse this year as it strives to revive its aging operations following years of under-investment,” they added.
“Every mine gets depleted therefore it is time to act now to ensure that new mining projects, which will take years to develop, are being approved in time,” Roland Harings told Reuters in an interview.
He said projects such as Fortescue’s Iron Bridge magnetite project in the Pilbara was coming into production and work on developing an iron ore mine in the central African nation of Gabon was just beginning.
Large copper mines in Peru, the world’s second-biggest copper producer, are cranking up activity again after protests and blockades dented production, power data analysed by Reuters showed.
The most-traded April copper contract on the Shanghai Futures Exchange was almost unchanged at 69,130 yuan ($10,059.66) a tonne, nickel shed 3.7% to 176,400 yuan a tonne and aluminium fell 0.2% to 18,340 yuan a tonne.