Iron ore price edges higher on hopes of China’s demand recovery

Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market.

China’s younger steel industry slows net zero path, BHP CEO says

China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s chief executive officer Mike Henry.

Africa to play ‘huge role’ in US critical mineral strategy, says Treasury’s No. 2

The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s influence over the market for other minerals, US Deputy Treasury Secretary Wally Adeyemo said on Thursday.

US, Canada, Indigenous groups to collaborate on reducing river pollution from BC coal mines

The United States and Canada announced Monday they have agreed to cooperate to reduce and mitigate the impacts of water pollution from coal mines originating in British Columbia’s Elk-Kootenay watershed.

Copper fees plunge close to zero in test for China’s smelters

China’s copper smelters are at a critical juncture after fees for processing imported ore collapsed to single figures, raising focus on whether they will keep resisting pressure for production cuts.

China splurges on gold for a 16th month as price hits record

China’s central bank added gold to its reserves for a 16th straight month in February, extending a long buying spree that’s helped to support the precious metal’s surge to a record high.

Sprott Asset Management launches copper miners ETF

Sprott Asset Management has launched a Copper Miners exchange-traded fund (ETF), with Freeport-McMoRan, Antofagasta and Southern Copper Corp as its top holdings by weight, it said on Wednesday.

Diamond producers warn of pitfalls in G7’s Russia gem ban

The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds.

Bearish demand expectations challenge iron ore’s price resilience

Iron ore prices, long resilient despite China’s gloomy economic outlook, have tumbled since the end of the Lunar New Year holiday, sparking concerns around faltering demand and denting mining stocks in top producer Australia.

Rio Tinto gets $13 million from Canada to decarbonize iron ore processing

Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West.

Fortescue’s Forrest urges LME to separate ‘clean’ nickel contracts

The London Metal Exchange (LME) should classify its nickel contracts into “clean” and “dirty” ones to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday.

First Quantum re-shuffles management at Zambian operation

First Quantum Minerals Ltd (FQM) is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an internal memo seen by Reuters showed.

Anglo American to review assets after writedowns and profit plunge

Anglo American will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations, the company said on Thursday.

Philippine tycoon says bigger mining areas key to riding EV boom

The Philippines should have bigger mines to encourage investment in the downstream sector, according to tycoon Manuel Pangilinan, who says the resource-rich Southeast Asian nation should take advantage of brisk demand for electric vehicles.

Gecamines plans overhaul of mining JVs in world’s top cobalt supplier

The Democratic Republic of Congo’s state miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to gain leverage in management of some of its biggest mines.

Palladium price heads for biggest one-day gain in two months on short covering

Palladium rose by 8% on Wednesday, regaining a premium against its sister metal platinum, as some investors covered their short positions after the volatile metal held above the $900 level.

Gecamines offers to buy some of Khazakh miner ERG’s copper assets

Congo state miner Gecamines said it has made a firm proposal to buy some of Eurasian Resources Group’s copper and cobalt assets in the country in a bid to claw back projects owned by partners and build reserves in metals key to the green transition.

Port Pirie gets a green steel boost

Port Pirie Regional Council and Magnetite Mines (MGT) have signed a memorandum of understanding (MoU) to boost the development potential of the region as a future green iron production hub.

Dolly Varden discovers new, high-grade gold zone at Homestake Ridge

Dolly Varden Silver (TSXV: DV) has discovered a new, gold-rich zone to the northwest of its Homestake Silver deposit in British Columbia’s Kitsault Valley. The Kitsault Valley project is 100%-owned by Dolly Varden.

Aboriginal group to inspect rock shelters for potential Rio Tinto damage

An Aboriginal group from Western Australia’s iron ore producing region will inspect an important cultural site in the coming days after it received a notice from Rio Tinto of possible damage, the group’s chief executive said.

Hedge funds ramp up copper bets as supply shocks reverberate

A number of hedge fund managers are betting that copper stocks are significantly undervalued, as they position themselves for gains this year.

Metals sanctions are dividing the biggest traders and banks

The latest UK sanctions on Russia are creating new faultlines across the global metals world, in the latest example of how the fallout from the war in Ukraine continues to ripple through commodity markets while creating opportunities for those willing to navigate the restrictions.

Uranium stocks extend surge after Kazakh miner cuts output

Uranium miners extended a rally that’s made them the best-performing Australian stocks this year after the world’s biggest producer of the metal used to produce nuclear fuel cut its output target.

Codelco pays heavy price for ramping up debt burden to fund over-budget projects

Codelco is paying a high price for increasing its already heavy debt load to finance late and over-budget projects that are needed to maintain its status as the world’s biggest copper supplier.

LME targets Hong Kong as option for warehouse expansion

The London Metal Exchange (LME) is studying Hong Kong as a location to expand its global metal warehouse network, five sources with knowledge of the matter said, hopeful success there might open the door to mainland China, its ultimate target.

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