China insight
Vale’s profit slumps well below forecasts
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Brazil’s Vale, one of the world’s largest miners, reported a first quarter net profit down 59% from a year earlier, far below analyst expectations, as profits were dragged down by weaker sales and lower iron ore prices. |
QPM signs binding nickel ore agreement with MKM
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A binding ore supply agreement signed between Queensland Pacific Metals Ltd (QPM) and Maï Kouaoua Mines (MKM), highlights QPM's growing presence and strength of relationships it has established in New Caledonia. |
Nickel demand to increase to 3.13 million tons in 2023, supply to increase to 3.37 million tons - INSG
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Nickel demand to increase to 3.13 million tons in 2023, supply to increase to 3.37 million tons. |
Thyssenkrupp's new CEO faces impossible task: selling steel
Thyssenkrupp's new CEO faces impossible task: selling steel |
India’s steel imports shoot up to 7 mt; highest in recent years
India’s steel imports shoot up to 7 mt; highest in recent years |
LME brokers see big gains in 2022 from volatility after nickel debacle
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April 24 (Reuters) - Most brokers and banks trading on the London Metal Exchange (LME) had a bumper year in 2022 in a highly-volatile market, but a provision by JP Morgan due to a nickel crisis weighed on its profits, according to results and industry sources. |
GM and Samsung partner to build a new battery factory in the US
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GM and Samsung SDI have announced that they are partnering to build a new battery cell factory in the US to power GM's electric vehicles. |
CME Group not planning to launch nickel contract to rival LME
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CME Group Inc, the world’s largest derivatives exchange, is not planning to launch a nickel contract to rival the London Metal Exchange (LME), Terry Duffy, chair and chief executive of the group, told the Financial Times on April 24. |
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