This morning in metals news, the U.S.’s imports of steel are down 13.7% in the year to date, miner Glencore is partnering with other companies at the World Economic Forum on responsible sourcing and the Aluminum Association supported a bipartisan letter to Congress lobbying for an aluminum import monitoring program. Keep up to date on […]
Tag: Glencore
Trafigura Takes a Bet on Cobalt, Glencore
Much like Saudi Arabia has been considered the swing producer for crude oil, mining giant Glencore can be considered a swing producer for certain key commodities. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. For example, earlier this year the miner announced it […]
Renewables MMI: Glencore Signs Cobalt Supply Deal with China’s GEM
The Renewables Monthly Metals Index (MMI) slipped one point for an October MMI reading of 98. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Glencore Signs Cobalt Supply Deal with China’s GEM Mining giant Glencore has entered into a cobalt supply agreement with China’s […]
Renewables MMI: Cobalt Prices Gain Upward Momentum
The Renewables Monthly Metals Index (MMI) dropped two points for a September MMI value of 99. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook First Cobalt Eyes Restart of Canadian Refinery First Cobalt Corp., a Toronto-based firm, is looking into restarting its idled cobalt refinery in Canada, Reuters reported. First Cobalt […]
This Morning in Metals: Copper Prices Make Gains
This morning in metals news, the copper price ticked up Wednesday, an appeals court is reconsidering an aluminum antitrust suit involving several big-name companies and Rio Tinto is taking over a mining site in British Columbia. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Rises The copper price […]
Doubts Remain Over Economic Viability of Carbon Capture Tech for Coal-Fired Power
Following a decade of hype, there remains huge debate about the viability of carbon capture as a solution to carbon emissions from coal-fired power stations. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook A recent article in the Financial Times lays out both sides of the argument. On the one hand, […]
Glencore to Halt Production at World’s Largest Cobalt Mine in the DRC
These are trying times for Glencore, as the cobalt market price collapses due to surging supply and weak copper prices undermine the fundamentals for the miner’s Mutanda copper and cobalt mine in the Democratic Republic of the Congo. The Financial Times reported Glencore will halt production at the world’s largest cobalt mine from the end […]
This Morning in Metals: China Responds to Currency Manipulator Designation
This morning in metals news, China offered a response to the U.S.’s designation of it as a currency manipulator, British Steel’s lenders are looking for a speedy end to the auction for the liquidated steel company and Glencore announced it will pause production at a mine in the Democratic Republic of the Congo. Need buying […]
Glencore’s 1H 2019 Copper Production Falls 5%, Cobalt Production Rises 28%
Miner Glencore on Wednesday released a mixed batch of production results for the first half of 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The miner reported copper production fell 5% compared with the first half of 2018, falling to 663,000 tons. The miner attributed the drop to several […]
Glencore, Umicore Enter into Long-Term Cobalt Supply Agreement
Multinational miner Glencore announced this week that it has entered into a long-term cobalt supply agreement with Umicore, a global materials technology and recycling group based in Brussels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to Glencore, the cobalt will be sourced from its KCC and Mutanda operations […]