“I’m not too worried, but you also can’t kid yourself for too long. The supply story is still there, but there are more and more demand questions emerging,” one trader in the region said.

Neometals Seals Deal with Glencore for Guaranteed Offtake of Vanadium Products

Bofa cuts nickel price forecast to $22,063/t in 2023 ($23,222/t preciously); 2024 forecast unchanged at $21,250/t.

In a development that underscores the growing global demand for critical minerals, mining giant Rio Tinto has set its sights on Quebec’s Eeyou Istchee James Bay region.

Burley Minerals kickstarts drill rigs to continue drilling at Chubb Lithium Project in Quebéc, Canada

Indonesian officials are investigating whether there have been illegal nickel ore shipments to China, more than three years after Jakarta banned exports of the commodity, its mining minister said on 7 July.

China PPI for June -5.4% y/y (expected -5.0%)

Ukraine-focused miner Ferrexpo posted an 18% jump in second-quarter production from the previous quarter, buoyed by stable production from first pelletiser line and initial contribution from second line after resumption in February.