STMNF News and Press, Sumitomo Metal Mining Co Ltd From 02/23/24

2024-02-23 13:10:04 ET Summary Cobalt spot prices were slightly lower for the month. LME inventory was flat for the month. Cobalt market news - Fastmarkets forecasts a widening surplus in the global cobalt market in 2024. U.S. moves to restore stockpiling "panic button" in EV meta...

2024-01-25 17:05:40 ET Summary Cobalt spot prices were flat for the month. LME inventory was unchanged for the month. Cobalt market news - Oversupply, low prices for cobalt to persist in 2024 as demand slips. Most cobalt producers loss-making after 2023 price slump. Cobalt min...

2023-12-31 04:21:26 ET Summary Nickel spot prices were flat for the last month. Low nickel prices leads to BHP issuing dire warning on nickel mines. 2024 nickel supply is set to outpace growth, which will suppress prices and exert pressure on producers' margins. In nickel comp...

2023-12-23 01:13:46 ET Summary Cobalt spot prices were lower for the month. LME inventory was flat for the month. Cobalt market news - U.S. releases FEOC rules. U.S. to create a critical mineral 'Resilient Resource Reserve' to "sustain" the price of a critical mineral when prices ...

2023-11-26 07:28:33 ET Summary Cobalt spot prices were flat for the month. LME inventory was flat for the month. Cobalt market news - Government of Canada to enhance critical minerals sector with launch of $1.5 billion Critical Minerals Infrastructure Fund. Cobalt miners news ...

2023-10-31 11:17:36 ET Summary Nickel spot prices were lower the last month. Nickel market news - INSG forecasts a third consecutive year of nickel surplus. China's massive stimulus package marks bullish shift for commodities after prolonged bear market. Nickel company news - ...

2023-10-25 10:31:08 ET Summary Cobalt spot prices were flat for the month. LME inventory was flat for the month. China plans to boost state cobalt reserves after prices drop. Cobalt market news - BMI and Morgan Stanley forecast global cobalt surpluses this year of 17,000t and 47,0...

2023-09-29 03:51:17 ET Summary Nickel spot prices were lower the last month. Nickel market news - The nickel market is expected to exceed USD 59.14 Billion by 2028, showing a 7.3% CAGR. Nickel company news - Huayou, Vale commit to Indonesian Huali MHP project. Nickel Industrie...

2023-09-22 05:49:40 ET Summary Cobalt spot prices were flat for the month. LME inventory was about the same for the month. Cobalt market news - Fastmarkets: Low demand, oversupply weigh on cobalt market as the market shifts towards LFP batteries with no cobalt. S&P Global fore...

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...