The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
One of the few hedge funds to survive the downswing in the commodity supercycle has a lesson for traders trying to navigate whipsawing aluminium prices: go short at your peril.
While supply fears faded this week after the US eased sanctions against United Co Rusal, traders should be alert to the risk that further disruptions will leave buyers short at a time when usage is booming, according to Ingrid Sternby, a senior research analyst at Blenheim Capital Management, the hedge fund founded in 1988 by famed commodities trader Willem Kooyker.
Brazil's Vale hopes to find a partner for its struggling New Caledonia nickel mine by the end of the year but it is not clear if the world's largest nickel producer will continue nickel operations there, executives said on Thursday.
A day after first quarter results showed a 36% slump in profit, executives said they were not satisfied with nickel prices.
Aim-listed copper miner Weatherly International’s share price on the LSE fell by nearly 70% on Thursday after it announced the appointment of additional financial advisers to review strategic alternatives for the company, including its potential sale.