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Reuters

Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

Albemarle warns lithium sales sliding amidst weak EV market

6th August 2020 Albemarle, the world's largest producer of lithium for electric vehicle batteries, warned on Wednesday that its third quarter sales and profit will dip as automakers produce fewer EVs due to the coronavirus pandemic. The warning came after the company posted a 45% drop in second-quarter profit... 

African supply bottlenecks fuel cobalt price surge

5th August 2020 Transport delays from South Africa against a backdrop of increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries. Chinese cobalt refiners have moved to replenish stocks of hydroxide feedstock as they gear up for a... 

Iron-ore pushes higher on China demand, supply concerns

5th August 2020 Iron-ore futures edged higher in see-saw trade on Wednesday, with both Singapore and Dalian benchmarks reversing early losses, supported by strong Chinese demand for the steelmaking ingredient and worries about supply. Iron ore on China's Dalian Commodity Exchange closed the day 0.4% higher at... 

South Africa's diamond polishers look to lockdown lovers to add shine

5th August 2020 South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump. Even before the new virus triggered the Covid-19 pandemic, diamond prices and demand were weak. Global... 

Peru copper and gold output nosedive in first half of 2020, ravaged by coronavirus -govt

5th August 2020 Peru, a top global metals exporter, saw its output of copper, gold and zinc nosedive in the first half of 2020, ravaged by restrictions put in place to curb the coronavirus outbreak, the government said on Tuesday. The world's No. 2 copper producer said production of the red metal plunged 20.4%... 

Russia's gold production up in Jan-May y/y - Ministry

4th August 2020 Russia produced 104.31 t of gold from January to May, up from 101.44 t during the same period in 2019, the finance ministry said on Tuesday. The country also produced 355.30 t of silver during the first five months of the year, a figure lower than the 383.64 t produced over the same period last... 

Congo to suspend value-added tax exemption for mining imports

4th August 2020 Democratic Republic of Congo is suspending the value-added tax (VAT) exemption on imports by mining companies in an effort to bolster state revenue, the budget minister said. Jean-Baudouin Mayo told the finance minister to implement the government's decision to suspend the exemption after... 

Rio Tinto apologises for failures in Australian cave blast inquiry

4th August 2020 Rio Tinto apologised to an Australian parliamentary inquiry in its submission on Tuesday for the destruction of ancient sacred caves, admitted to numerous errors, and said it supported reforms to state heritage laws. The world's biggest iron-ore miner in late May legally destroyed two... 

Malaysia approves Lynas' application for waste treatment facility

4th August 2020 Malaysia has approved Australian rare earths miner Lynas' application to build a permanent disposal facility for waste treatment, a Minister said on Tuesday. Lynas can build its facility in a waste disposal site identified by the Pahang state government, Khairy Jamaluddin the science, technology... 

China steelmaker HBIS lines up investment in Peru iron-ore mine

3rd August 2020 HBIS Resources Co, a unit of China's second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron-ore mine in Peru alongside current licence-holder Zhongrong Xinda. The two Chinese companies plan to set up a joint venture to work on the... 

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