Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Shrinking steel stocks in China, partly because of its policy to curb annual output to limit emissions, are also prompting the resumption of blast furnace operations.

Horizonte Minerals signs $135 million equipment contracts for Brazil nickel project

Mining News Pro - Horizonte Minerals said on Thursday that it had signed $135 million in contracts with machinery suppliers for the Araguaia nickel project in Brazil.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Copper rose 2.9% to $3.58 ($7,876) a tonne on the Comex market in New York during the Friday morning session.

Where there’s muck there’s brass … and critical minerals

Mining News Pro - Scandium sits in the shadows of the periodic table. Even by the esoteric standards of other critical minerals, the soft, silvery metal with the atomic number 21 is something of an enigma.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Gold prices are headed back down after posting the biggest weekly gain since May as investors weighed prospects for tighter US monetary policy and concerns over an economic slowdown.

Greenland Minerals to fight draft rejection of mining permit for rare earths project

Mining News Pro - Australia-based Greenland Minerals (ASX: GGG) said on Tuesday it will fight the Greenland government’s draft decision to reject a mining permit for the company’s Kvanefjeld rare earths project, based on a nationwide ban to uranium exploitation and exploration passed in November.

Kenorland Minerals options Alaska copper project to Antofagasta

Mining News Pro - Canadian junior Kenorland Minerals (TSX-V: KLD) has inked an earn-in agreement with Antofagasta (LON: ANTO) that gives the Chilean miner an option to acquire a 70% interest in the Tanacross copper-gold project in Alaska.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Chinese regulators on Sunday urged banks to extend loans to qualified real estate projects and meet developers financing needs where reasonable, in their latest efforts to ease concerns triggered by a widening mortgage-payment boycott on unfinished houses.

Ancient piece of earth’s crust defines location of economically important minerals

Mining News Pro - Researchers at Curtin University have found evidence of an almost four-billion-year-old piece of the earth’s crust that lies beneath the southwestern part of Western Australia.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Copper rose sharply on Thursday after a Bloomberg News report saying that China was considering allowing local governments to sell 1.5 trillion yuan ($220 billion) of special bonds in the second half of the year to boost infrastructure funding.

UK launches critical minerals data centre

Mining News Pro - The British government announced on Monday the creation of a centre to gather data and analyse information on the supply of critical minerals such as cobalt, lithium and graphite, which are key for electric vehicle (EV) batteries and wind turbines.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - The amount in gold ETFs is the lowest since March, while assets in the other three precious metals are around the smallest since 2020.

Minerals from Antarctica give clues to potentially habitable locations on Mars

Mining News Pro - Minerals found in samples of material from Antarctica could give scientists a better understanding of the surface and subsurface environment of Mars, and indicate locations of potentially habitable subsurface locations.

Pilbara Minerals to invest $205 million in Pilgangoora to raise output

Mining News Pro - Australian lithium miner Pilbara Minerals Ltd said on Wednesday it would invest an estimated A$297.5 million ($205.51 million) to increase production capacity at its Pilgangoora project in Western Australia.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Despite holding steady throughout the week, gold is likely headed for another weekly loss of about 1% as the non-yielding safe-haven asset wrestled with the prospect of higher interest rates.

US allots $74 million to critical minerals mapping

Mining News Pro - The US Department of the Interior has set aside more than $74 million to invest across 30 states in research and mapping of areas with potential for critical minerals, as the Biden administration seeks to strengthen key domestic supply chains.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - The US Federal Reserve announced its largest rate increase since 1994 this week, while the Swiss National Bank raised its policy rate for the first time in 15 years. The Bank of England also followed suit.

US, Canada and partners enter pact to secure critical minerals

Mining News Pro - The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals, which are essential for clean energy and other technologies,as global demand for them rises, the State Department said on Tuesday.

Canada must overcome hurdles in ‘urgent’ critical minerals push

Mining News Pro - The global clean-energy transition offers metals-rich Canada a “generational economic opportunity,” as long as the mining industry can get past some key hurdles, Natural Resources Minister Jonathan Wilkinson said.

Hudbay Minerals needs $1.9bn for Copper World project in Arizona

Mining News Pro - Canada’s Hudbay Minerals unveiled Wednesday a preliminary economic assessment (PEA) for its Copper World Complex in Arizona, which includes recently discovered deposits at the property as well as the Rosemont asset.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - Top steel producer China’s moves to ease covid-19 restrictions added fuel to the rally, as did shrinking stockpiles of imported iron ore at Chinese ports.

China, US are racing to make billions from mining the moon’s minerals

Mining News Pro - “There’s going to be a new world order out there, and we’ve got to lead it,” US President Joe Biden said after Russia’s war in Ukraine upended global geopolitics. Far from Earth, that transition is already happening.

Weekly Report: A Glance at the Price of Different Minerals

Iron ore and other steelmaking inputs were also supported following reports that Shanghai will gradually reopen for business following weeks of lockdowns, Widnell said.

Arc Minerals inks multi-million JV deal with Anglo American

Mining News Pro - Anglo American has inked a joint venture deal with base-metals focused junior Arc Minerals to explore for copper and cobalt in Zambia, marking the first new investment the global miner had made in the country in about two decades.

Weekly Report: A Glance at the Price of Different Minerals

Mining News Pro - They ended 4.1% lower at 779 yuan a tonne, extending losses to the third day.

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