July 2021

BHP vies for Noront's Ni sulfate resource, offers C$325m

Noront Resources has recommended that its shareholders accept a Canadian $325 million ($258.72 million) offer from BHP, which is 75% higher than another take-over offer made in May for the future nickel sulfate producer.

MORNING VIEW: LME base metals weaken after Monday’s strength, SHFE prices mixed

Base metals prices on the London Metal Exchange were down across the board on Tuesday July 27, after a generally upbeat day on Monday, while the base metals on the Shanghai Futures Exchange were mixed this morning.

MORNING VIEW: LME base metals prices mainly weaker, SHFE complex follows Friday’s gains in London

Base metals prices on the Shanghai Futures Exchange were up by an average of 1.1% this morning, Monday July 26, while they followed Friday’s gains on the London Metal Exchange that averaged 1.3%.

MORNING VIEW: Gains across most base metals suggests underlying sentiment remains bullish

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally stronger this morning, Friday July 23, the exception was lead on the LME that was down by 0.5%, but that was after a strong gain on Thursday.

Freeport still eyeing Chile fiscal regime before approving El Abra copper expansion

A large-scale expansion at Freeport-McMoRan’s El Abra copper mine in Chile is still being evaluated, although potential changes to the country’s fiscal regime could lead to its deferment, the US copper producer said.

MORNING VIEW: Base metals continue to consolidate after avoiding deeper pullback

Base metals prices on both the LME and SHFE were mixed this morning, Thursday July 22, but have generally recovered from Monday’s weakness, suggesting the dip-buying mentality still dominates.

MORNING VIEW: Base metals prices on LME rebound after broad-based weakness on Monday

Base metals prices on the LME were up across the board this morning, Tuesday July 20, while the SHFE followed Monday's weakness, which was triggered by growing fears over the potential impact of the Delta variant of Covid-19 on the global economic recovery.

MORNING VIEW: Base metals prices mixed - some consolidating, others driven higher by supply issues

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Monday July 19, with nickel and tin the standout performers, driven higher by supply disruptions.

MORNING VIEW: Base metals prices consolidate on a back foot as upside mainly capped

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally weaker this morning, Wednesday July 14, after stronger-than-expected inflation data from the United States on Tuesday raised concerns.

Sandfire's Botswana copper mine to start production in 2023 after gaining license

Sandfire Resources' Motheo copper mine in Botswana will come online in 2023, the mid-tier copper and gold miner said this week, after acquiring a mining license for the project.