Copper price touches $10,000 again as Goldman sees ‘stockout’ risk
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.
-
-
Visit: 19
Congo M23 rebels claim control of smartphone mineral mining town
M23 rebels in eastern Democratic Republic of Congo have taken control of Rubaya, a key mining town for the smartphone mineral coltan, following days of intense fighting, a rebel spokesman said.
-
-
Visit: 30
Gold price falls as investors face long wait until Fed rate cuts
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s comments was overoptimistic.
-
-
Visit: 35
Barrick Gold beats estimates for quarterly profit, enters JV in Jamaica
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica.
-
-
Visit: 33
Marex Group’s IPO raises $292 million
Marex Group Plc and a group of the London-based firm’s shareholders raised about $292 million in a US initial public offering priced within a marketed range.
-
-
Visit: 59
Fortescue iron ore shipments fall short after derailment
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments.
-
-
Visit: 78
LME takes aim at traders’ Russian metal games with new rules
The London Metal Exchange is imposing new rules surrounding the movement of metal in its warehousing network, taking aim at a lucrative and complex trading opportunity that emerged after the imposition of sanctions on Russian metal earlier this month.
-
-
Visit: 56
Airbus wins reprieve from Canadian sanctions on Russian titanium
Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine.
-
-
Visit: 72
Potanin’s Interros calls Rusal claims about Nornickel asset sales ‘unfounded’
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued asset sales unfounded, the latest step in a long-running dispute between two of Russia’s biggest metals firms.
-
-
Visit: 84
Codelco aims to land partner for Maricunga lithium by next year
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt flats, Maricunga, in the first quarter next year, chairman Maximo Pacheco said on Monday.
-
-
Visit: 66
Codelco eyes partnerships to help boost ailing copper production
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt.
-
-
Visit: 78
Berkeley to take uranium mine dispute with Spain to arbitration
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country refused to give final approval to a uranium mine near the city of Salamanca, the company said on Wednesday.
-
-
Visit: 93
Chinese investors snap up copper, gold stocks to drive 10% gains
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing an uphill battle to cement a nascent rebound.
-
-
Visit: 89
Scottish bacteria may help clean up acid mine drainage
Researchers at the University of Edinburgh discovered that bacteria found in areas polluted by acid mine drainage had the potential to detoxify the environment by removing heavy metals.
-
-
Visit: 105
Shanghai copper heads for biggest monthly gain in 16 months
Shanghai copper prices were little changed on Friday, but poised for their biggest monthly gain in 16 months amid prospects of lower supply.
-
-
Visit: 97
Vale buys remaining 45% stake in Alianca Energia for $541 million
Brazilian miner Vale said in a filing on Wednesday it had signed a contract to buy a 45% stake in Alianca Energia from Cemig GT, a subsidiary of energy firm Cemig, for 2.7 billion reais ($540.9 million).
-
-
Visit: 76
Chile needs to finalize more lithium plan details to spur investment
The Chilean government’s new plan to usher in private investment at a number of the country’s lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining executives and analysts said on Wednesday.
-
-
Visit: 51
Jiangxi Copper sees higher prices as it plans to raise output
Jiangxi Copper Co., China’s largest producer, said it expects prices to rise in the second half once the Federal Reserve cuts interest rates, while pledging to maintain double-digit growth in output despite calls to rein in production.
-
-
Visit: 55
Ferrexpo hit with corporate rights restrictions for Ukraine subsidiaries
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related corporate rights of the company’s subsidiaries in Ukraine.
-
-
Visit: 65
Iron ore price set for weekly gain on prospects of improving China demand
Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption.
-
-
Visit: 86
Activist Tribeca asks Glencore to move main listing to Sydney
Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday.
-
-
Visit: 96
Syrah Resources to raise $65m for Mozambique, US projects
Australia’s Syrah Resources said on Wednesday it would raise A$98 million ($64.73 million) through a placement and an entitlement offer for funding its Balama graphite operations in Mozambique and its US-based Vidalia project.
-
-
Visit: 108
Former Vale board member claims political influence in CEO succession
A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession process was conducted in a “manipulated manner,” according to his resignation letter seen by Reuters on Tuesday.
-
-
Visit: 91
Dubai’s gold shops take a hit as record prices deter buyers
The ever-higher prices reached by gold are turning Dubai’s traditional bazaar into more of a window-shopping experience.
-
-
Visit: 96
African Rainbow pauses Bokoni mine expansion plan after H1 profit fall
African Rainbow Minerals (ARM) said on Friday it was deferring plans to expand output at its Bokoni mine due to low platinum group metal (PGM) prices after reporting a 43% drop in its half-year profit.
-
-
Visit: 84