The nickel price has surged by as much as 250% in just two days, causing the London Metal Exchange (LME) to suspend nickel trading with brokers struggling to pay margin calls against unprofitable short positions. Nickel, used in stainless steel and lithium-ion batteries, more than doubled...
A new report from ratings agency Moody’s has found that the 130 rated issuers in the mining industry have improved their cumulative profitability since the 2015-16 market downturn. The total earnings (EBITDA) of the 130 rated mining companies reached US$230 billion in the 12 months ending...
The world’s 50 most valuable mining companies added US$249.5 billion in market capitalisation over the three months to end June, following collective losses of $282 billion in the first quarter due to the COVID-19 pandemic. The sector’s recovery in Q2 was driven by a significant rally...