STMNF News and Press, Sumitomo Metal Mining Co Ltd From 08/31/23

2023-08-31 11:38:17 ET Summary Nickel spot prices were lower the last month. Nickel market news - BHP: "Turning to the longer term, we believe that nickel will be a substantial beneficiary of the global electrification mega–trend." Nickel company news - Glencore announc...

2023-08-25 02:49:16 ET Summary Cobalt spot prices were flat for the month. LME inventory was flat for the month. Cobalt market news - Glencore considers reducing cobalt production or boosting inventory to support cobalt prices. Cobalt miners news - Trafigura’s $600 mill...

2023-08-01 06:17:45 ET Summary Nickel spot prices were higher the last month. Nickel market news - Wood Mackenzie is expecting a better H2 from both the stainless and battery segments. Nickel set to flood the LME, turning metal squeeze into glut. Nickel company news - Vale sel...

2023-07-26 12:16:24 ET Summary Cobalt spot prices were significantly higher for the month. LME inventory was unchanged for the month. Cobalt market news - "Most analysts predict supply will continue to exceed demand in 2023". LFP batteries extend dominance over NCM batteries in Ch...

2023-06-30 08:06:20 ET Summary Nickel spot prices were lower last month. Nickel market news - BMI forecasts a nearly 2 million tonne nickel supply gap by 2030 and says nickel requires the largest critical mineral investment of $66 billion. Nickel company news - Nickel Industri...

2023-06-24 08:25:41 ET Summary Cobalt spot prices were significantly lower for the month. LME inventory was slightly lower for the month. Cobalt market news - Cobalt price has fallen nearly 30% this year due to weak demand and oversupply. Cobalt miners news - Huayou Cobalt set...

2023-06-01 09:32:35 ET Summary Nickel spot prices were significantly lower the last month. Nickel market news - Nickel faces huge supply glut of Class 2 nickel as Indonesian output booms; however Class I nickel demand is very strong with LME inventory levels declining. Nickel ...

2023-05-25 12:14:55 ET Summary Cobalt spot prices were flat for the month, and LME inventory was lower for the month. Cobalt market news - Cobalt to remain key EV raw material despite substitution threat. Fastmarkets’ research analysts forecast cobalt will reach an oversupp...

2023-05-03 17:33:53 ET Summary Teck Resources Limited, a metals and coal producer, has proposed a complex plan to spin off coal assets to focus on energy transition assets. Glencore plc made a bid, later improved, for Teck, but management pushed forward with their separation plan....

2023-04-25 06:05:21 ET Summary Cobalt spot prices were up slightly for the month, LME inventory was down for the month. Cobalt market news - Cobalt market to stay volatile after record mine output in 2022. Cobalt miners news - CMOC gets Congo deal to free stockpile of copper a...