The cobalt export suspension from the Democratic Republic of Congo (DRC) will expire on October 15. The restriction, imposed in February, extended in June and again on Sunday, had a profound impact on the market price of battery metal, which recovered over 60% since February.Per Bloomberg's report, the officials in Kinshasa will replace the blanket ban with a quota-based system aimed at curbing oversupply without halting shipments entirely. The new system will launch on October 16, with miners shipping a ma ...

Australian mining company Orion Minerals has revealed that its subsidiary, Prieska Copper Zinc Mine (PCZM), has entered into a non-binding term sheet agreement with a subsidiary of Glencore. This agreement is for financing ranging from A$200m ($132.5m) to A$250m and concentrate offtake for the Prieska project in South Africa. The funding for PCZM will be structured into two separate tranches. Tranche A, amounting to A$40m, will be allocated for the construction and start-up of the Uppers at Prieska. Tr ...

(Reuters) -Australia's Orion Minerals said on Wednesday it has signed a non-binding term sheet with a unit of global miner Glencore for $200 million–$250 million funding for its Prieska copper-zinc project in South Africa. The diversified metal developer said that the deal includes an offtake agreement with Glencore to sell 100% of zinc and copper concentrates, among others, from the mine for a period ranging between five and 10 years. Orion will receive the funding in two tranches for the construction a ...

钴板块：头部贸易商停止报价，指示价格上涨趋势 20250912 摘要 嘉能可支持刚果金配额制以提升钴价，预计 9 月 22 日政策大概率利多， 但具体形式待定。需关注嘉能可销售政策动向以预判市场，停止销售或 预示利好政策。 钴中间品价格自 6 月 22 日以来小幅上涨，但受制于行业库存偏多，价 格涨幅有限。预计 2025 年底国内钴结余库存仍有 4-5 万吨，集中在少 数企业手中。 刚果金延长出口禁令将拉长运输周期，若 10 月底或 11 月底放开出口， 明年二季度才能补充国内原材料，可能导致产业链停摆。当前库存水平 非常危险，经不起进一步延长禁令。 2025 年钴价上涨趋势明确，需公开消息刺激才能推动价格暴涨。6 月 22 日前无锡盘阴跌，股票端已提前反应，需等待 9 月 22 日政策落地后 的公开消息刺激。 2025 年钴行业价格上涨预期乐观，华友、腾远和寒锐表现突出。腾远 和寒锐在创业板优势明显，短期冲刺力度或更强，华友则受益于印尼 MHP 项目。 Q&A 嘉能可停止对外销售钴中间品的原因是什么？这对市场有何影响？ 嘉能可从昨天开始停止对外销售钴中间品，主要目的是为了分盘惜售，以期通 过控制供应来推动价 ...

Two years ago, Teck Resources founder Norman Keevil Jr rejected a takeover proposal by rival Glencore. Fast forward to 2025, he's changed his tune as he advocates for a deal with Anglo, before it's too late https://t.co/bG13NWp1zh ...

矿业股在开盘交易中领涨富时100指数。黄金和白银开采商Fresnillo涨幅居前，股价上涨约4%。英美资 源、Endeavour Mining和嘉能可均上涨约2%。金价上涨0.5%，至每盎司3653美元；银价上涨1.3%，至 每盎司42.1美元。Swissquote Bank分析师Ipek Ozkardeskaya表示，金价受益于投资者押注美联储将开始 降息、美元走弱以及持续的地缘政治紧张局势。她补充称，美国周四公布的经济数据已为美联储下周降 息开了"绿灯"。 来源：滚动播报 ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Report Industry Investment Rating - Not provided Core View - Fed's September rate - cut expectation is rising, there's an expectation of a shift from the traditional domestic consumption off - season to the peak season, and the global total inventory of electrolytic copper shows an initial decline, which may lead to a relatively strong performance of Shanghai copper prices. It is recommended that investors lightly go long on the main contract on dips, and pay attention to the support and resistance levels of Shanghai copper, London copper, and US copper [2]. Summary by Relevant Data Shanghai Copper Futures Data (2025 - 08 - 28) - Closing price: 78,930, down 260 from the previous day [2] - Trading volume: 73,403 lots, an increase of 15,585 lots from the previous day [2] - Open interest: 168,997 lots, a decrease of 6,000 lots from the previous day [2] - Inventory: 21,232 tons, down 55 tons from the previous day [2] - SMM 1 electrolytic copper average price: 79,616, down 355 from the previous day [2] - Shanghai copper basis: 260, down 95 from the previous day [2] Other Price and Spread Data - LME 3 - month copper futures closing price: 9,818, up 62.5 from the previous day [2] - Total registered and cancelled warehouse receipt inventory: 0, a decrease of 157,950 from the previous day [2] - LME copper futures 0 - 3 - month contract spread: - 82.79, up 7.14 from the previous day [2] - LME copper futures 3 - 15 - month contract spread: - 167.53, up 2.04 from the previous day [2] - Shanghai - London copper price ratio: 8.0393, down 0.08 from the previous day [2] - COMEX 9 copper futures active contract closing price: 4.5445, down 0.0025 from the previous day [2] - Total inventory weight: 275,226 tons, an increase of 3,121 tons from the previous day [2] Industry News - Hudbay Minerals restarted the operation of its Snow Lake mine in Manitoba on August 22 [2] - European high - quality copper exports are restricted, and Sino - US tariff negotiation uncertainty affects scrap copper imports. Domestic electrolytic copper and scrap copper price difference is negative, and the scrap copper import window is closed. Some copper smelters are shut down or have production cuts, while some new projects are under construction or planned to be put into production [2] - The weekly processing fee of crude copper in northern (southern) China remains flat (decreases), and the operating rate of domestic scrap - produced anode plate capacity decreases compared with last week. Domestic smelters' crude copper maintenance capacity in August may decrease month - on - month, and the production (import) volume of domestic crude copper in August may increase [2] - Some domestic electrolytic copper production projects are planned to be put into production in the future, and some overseas copper smelters have maintenance or production - cut situations. African agricultural exports delay ship bookings, which may lead to a decrease in domestic electrolytic copper imports in August. The import window opening may increase imports, and the social inventory of domestic electrolytic copper increases [2]

Codelco是全球最大的铜矿商。 与此同时，必和必拓（BHP）旗下全球最大铜矿Escondida矿6月铜产量下滑33%至76,400吨。 6月份，英美资源（Anglo American）和嘉能可（Glencore）联合经营的大型Collahuasi铜矿产量同比下降29%，至34,300吨。 （文华综合） 8月11日（周一），智利铜业委员会Cochilco公布的数据显示，智利国有矿产商--Codelco公司6月铜产量同比增长17%，攀升至120,200吨。 ...

Core Viewpoint - Glencore has abandoned its plan to relocate its primary listing from the London Stock Exchange to the United States, primarily because the move would not enhance the company's valuation and it faces challenges in qualifying for the S&P 500 index [1][3]. Group 1: Company Decision - Glencore's headquarters is in Switzerland, and its registered office is in Jersey, UK, which disqualifies it from entering the S&P 500 index as per the index's requirements [3]. - The inability to enter the S&P 500 means Glencore would miss out on passive investment from index-tracking funds, undermining the rationale for relocating to the U.S. to boost its valuation [3]. Group 2: Market Context - The London Stock Exchange is currently experiencing a significant listing drought, with only a handful of IPOs expected in 2024, while over 40 companies are set to delist due to mergers [3]. - Despite Glencore's decision to remain in the UK, analysts suggest this is not due to an increase in London's attractiveness but rather Glencore's insufficient conditions for a successful move [3]. Group 3: Industry Performance - London remains a hub for large mining companies, with four out of the five major diversified mining companies listed there, excluding Brazil's Vale [3]. - Glencore is facing valuation pressures, particularly as its coal business profits have declined due to low prices, with its stock price dropping nearly 50% from its peak in early 2023, underperforming compared to peers [3].