Новости за 14.05.2024

Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate cuts and stabilising demand, analysts say. Benchmark three-month tin on the London Metal Exchange CMSN3 hit $36 050 a metric ton in April, propelled by production problems in Myanmar, Indonesia and the Democratic Republic of Congo, which accounted for 43% of global tin mine production in 2023 according to United States Geological Survey data.

Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with prices defying typical indicators of soft demand, especially in China. That’s partly because investors see tight mine supply creating a shortfall of the metal as soon as this year.

Precious metals company Hochschild Mining has achieved commercial production at the Mara Rosa gold mine – its first operation in Brazil. During May, the Mara Rosa processing plant has operated at an average throughput of 90% of its nameplate capacity of 7 000 t/d and exceeded 80% average recoveries.

BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered target rejected a higher bid. Anglo said the improved all-share offer, up 10% from BHP's initial proposal, continued to significantly undervalue the company.

Volcan Cia Minera plans to make a series of debt payments through August and to refinance later obligations without imposing losses, said the head of its new controlling shareholder, dismissing speculation over a default or restructuring at the Peruvian zinc miner. “Absolutely, categorically no haircut is necessary,” said Jose Luis Manzano, the head of Integra Capital. “It’s just changing the maturities and that’s it. The future cash flow doesn’t justify a haircut.”

A Brazilian company focused on mining a metal used to strengthen alloys is betting that its mainstay product can also play a key role in improving electric vehicle batteries. Cia. Brasileira de Metalurgia e Mineração is the world’s top producer of niobium, a critical mineral that’s only mined in Brazil and Canada. Niobium is mostly used to make alloys and stainless steels, and has a range of industrial applications including use in jet engines, skyscrapers and bridges.