This Month
Bargain hunters eye brutal metals correction
Copper, aluminium and nickel prices have slumped more than 10 per cent from their May highs, creating a good entry point for investors to step back in, according to strategists.
- Updated
- Alex Gluyas
LME failure on nickel due to its own self-interests: Rudd
The Australian ambassador says prices kept artificially low by China were creating a risk of a 20 per cent slump in global supply of the commodity.
- Matthew Cranston
May
Lithium giant says Chinese partners should have access to tax credits
IGO’s Ivan Vella says Chinese investors who pioneered Australian critical minerals processing have earned the right to be included in Labor’s incentives.
- Brad Thompson
- Updated
- Mining Summit
King says BHP prioritised shareholder returns over nickel jobs
The miner has said it will decide whether to close its nickel business by August. The resources minister says there has been a decade of underinvestment.
- Updated
- Brad Thompson
Why a small Pacific island territory is upending nickel prices
New Caledonia possesses an estimated 25 per cent of the world’s nickel resources and accounts for 6 per cent of global production of the metal.
- Rishi Lyengar
Defence Force ‘ready to fly’ to New Caledonia
Australia is working with French authorities to ensure a quick exit for people seeking to flee strife-torn New Caledonia as soon as the Pacific island nation’s airport is reopened.
- Updated
- Cecile Lefort
- Updated
- Federal budget
Miners hail tax credits but Coalition to block ‘billions for billionaires’
Australia’s critical minerals industry has hailed $13.7 billion in budget tax credits at the same time as the Coalition has vowed to block the policy claiming it will deliver “billions to billionaires”.
- Brad Thompson
Stellantis, Vale in nickel talks in Indonesian coup
The smelter deal would bring a rare Western investor to Indonesia, the world’s biggest producer of a commodity critical to making electric cars.
- Updated
- A. Anantha Lakshmi and Harry Dempsey
Miners hope for budget tax credits
Lithium and nickel miners who lobbied for tax breaks are set to be among the big budget winners as the Albanese government tries to shore up its ‘made in Australia’ plans.
- Brad Thompson
WA taps Albanese for $200m critical minerals hub
WA has earmarked land near where Alcoa is closing its alumina refinery and a BHP nickel refinery is hanging by a thread for a critical minerals processing hub it wants the Albanese government to co-fund.
- Brad Thompson
MinRes in row over lithium processing hub
Poseidon Nickel, worth $22 million, has mounted a David versus Goliath legal battle with $14.1 billion MinRes over assets in the Western Australian Goldfields.
- Brad Thompson
April
IGO says criticism unfair after talk of ‘incredibly opportunistic’ deal
West Australian lithium and nickel miner stands by its ties with Chinese partner Tianqi after the latter ordered a huge shipment this week at a “favourable” price.
- Brad Thompson
Nickel miner axes 530 jobs as pressure builds for budget bailout
Resources Minister Madeleine King says government alone cannot solve nickel industry woes as job losses near 2000 since December.
- Brad Thompson
Japan Inc backing for nickel mine puts BHP bailout in doubt
Sumitomo and Mitsubishi have agreed to back Ardea Resources and its $3.1 billion nickel laterite and cobalt project, about 80 kilometres from Kalgoorlie and BHP’s ageing nickel smelter.
- Brad Thompson
BHP suffers new productivity hit in Queensland coal
Another downgrade means the miner spends almost seven times more money to dig a tonne of coal out of the sunshine state as it does for each tonne of iron ore in WA.
- Peter Ker
National security committee to meet after stabbings: PM
Anthony Albanese says violence and extremism has no place in Australia; Richard Marles reveals defence spending will crack $100 billion by 2034. How the day unfolded.
- Updated
- Gus McCubbing
Aussie resources ‘under assault’ from China: US ambassador
US ambassador Caroline Kennedy has warned state-owned Chinese companies in Indonesia were destroying communities “under the guise of economic development”.
- Tom Rabe and Andrew Tillett
Copper is back as investors cash in on the ‘reflation trade’
A new commodity upswing is under way, creating widespread opportunities for investors. But pundits warn that could also contribute to stickier inflation keeping rates higher for longer.
- Alex Gluyas
Fears for 150 jobs as miner calls in administrators
Korda Mentha will try to sell the Abra lead and silver mine, raising doubts over the future of ASX-listed Galena Mining.
- Peter Ker
Green premiums are real, says aluminium boss
Electric vehicle makers are refusing to pay a green premium for low-carbon nickel but Capral says customers are paying an extra 5 per cent for clean aluminium.
- Peter Ker and Lap Phan
