Israel risks losing Colombian coal supplies over Gaza war

Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the... 

New copper fund revives controversial product

Sprott has launched a $100-million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors... 

Zimbabwe to start gold-tracing system in bid to curb smuggling

Zimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling. Fidelity Gold Refinery’s initiative will start... 

Copper’s spike isn’t justified by fundamentals, Trafigura says

Copper’s recent surge to a record wasn’t justified by real-world supply and demand, according to Trafigura Group — the top copper trader and usually one of the market’s most bullish voices.... 

Namibia’s audacious plan to become a global green hydrogen hub

Early in May, King Philippe of Belgium was on the edge of the Namib desert to inaugurate a project that aims to help decarbonize European industry, and which might just enable one of Africa’s... 

Investment in clean energy to reach $2tr this year, outpacing investment in fossil fuels

Investment in clean energy technologies will climb to $2-trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency (IEA). Two-thirds of the... 

Glencore is said to weigh selling stake in Kazakh miner Kazzinc

Glencore is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in China, people familiar with the situation said. A deal could value Glencore’s... 

Traders are desperate for copper deals and miners are cashing in

A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long... 

China’s unusually large copper stockpiles fuel demand concerns

China’s copper inventories are growing at exactly the time of year when they should be shrinking fast — an anomaly that underscores concerns about demand in the world’s biggest market. Stockpiles... 

Bravura expects to begin Zimbabwe lithium production in 2025

Bravura Holdings – a firm owned by Nigerian tycoon Benedict Peters – plans to start production at a Zimbabwean lithium project early next year, a company official said. The miner remains committed... 

BHP turns to mediation as Chile miners seek share of copper boom

BHP Group is heading into mediation with union leaders in Chile in a bid to avoid a strike as this year’s surge in copper prices inflates the bottom lines of producers and expectations of their... 

Chile lithium project attracting plenty of interest, Enami says

Chilean State mining firm Enami says it’s getting plenty of interest from prospective partners in a lithium project as part of the government’s efforts to tap more of the world’s biggest reserves.... 

Copper falls through $10 000 as exchange inventories keep rising

Copper fell below $10 000/t as a sharp rise in global inventories prompts traders to zero in on weak conditions in the spot market. Stockpiles on the Shanghai Futures Exchange have climbed to the... 

Australian rare earths miner hit by cybersecurity breach

Australian rare earths firm Northern Minerals said some of its data had been released onto the “dark web” months after the firm detected a breach of its cybersecurity protections. “The exfiltrated... 

BHP faces a test of patience after $49bn Anglo bid falters

Days after BHP Group failed to secure the $49-billion takeover of smaller rival Anglo American, investors have one message for CEO Mike Henry — keep your cool. BHP argues it showed restraint in... 

De Beers ditches man-made diamonds as it looks beyond Anglo

De Beers will ditch a controversial experiment to sell lab grown diamond jewellery, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make... 

Russia said to seek takeover of France’s uranium assets in Niger

Russia is seeking to take over uranium assets in Niger held by a State-controlled French company, according to people informed about the matter, in a further challenge to Western interests in... 

Iron-ore tumbles to lowest in six weeks on China demand concerns

Iron-ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis. China’s housing slump is now... 

IXM co-head of refined metals Sethaputra is leaving trader

IXM’s co-head of refined-metals trading is leaving the company, the latest in a series of personnel changes at the trading house owned by Chinese miner CMOC. Adhitya Sethaputra is departing the... 

China’s CNGR looks to snap up more lithium projects in Argentina

CNGR Advanced Material, a Chinese battery-component maker and Tesla supplier, is looking to buy major stakes in Argentina brine deposits to extend its foray into the lithium-rich region as it... 

The home of Malbec wine makes a play for copper in Argentina mining revival

Argentina’s Mendoza province, known for Malbec vineyards that draw tourists from across the world, is moving to spur exploration of its copper deposits long shunned by prospectors due to... 

Chile hopes SQM-Codelco deal to proceed as planned, Finance Minister says

Chile’s government indicated that SQM and Codelco will proceed with the signing of a binding lithium partnership by Friday’s self-imposed deadline even as the deal faces mounting headwinds. “We... 

US tariffs on minerals leave out markets dominated by China

President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the... 

Aluminium hits two-year high as China capacity limits help rally

Aluminum extended gains to a two-year high after China, the biggest producer, tightened capacity controls across an array of metals to meet emission-cutting goals. The light metal used in... 

Billions in African gold smuggled to UAE yearly, SwissAid says

Billions of dollars of gold is smuggled out of Africa every year, with the vast majority exported to the United Arab Emirates for processing, according to a report by SwissAid. Using data on... 

Glencore to consult investors on coal spinoff after Teck deal

Glencore will start consulting with shareholders on the future of its coal business as soon as its deal to buy Teck Resources’ mines closes later this year. Crucially, Glencore said that should... 

China’s silver imports set to jump as solar demand lifts prices

Chinese silver imports could surge in coming weeks, as traders take advantage of a jump in demand that’s taken prices well above the international market. Silver’s in a sweet spot because of its... 

Mongolia defends plan to tap mining riches for new sovereign wealth fund

Mongolia’s prime minister defended changes to the country’s mining laws after foreign investors raised concerns they could deter investment in its large reserves of critical minerals, including... 

Europe’s biggest pension fund sells €10bn in fossil fuels

Europe’s biggest pension fund, Stichting Pensioenfonds ABP, has exited all liquid assets in oil, gas and coal worth about €10-billion, in an effort to be greener. The last shares and bonds owned... 

EU, Australia sign critical minerals pact to diversify supply chains

Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of... 

JPMorgan says BHP plan risks $4.3bn South Africa outflow

A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3-billion from South Africa, according to a JPMorgan Chase & Co. analysis. Such an... 

China defies global copper squeeze with near-record production

The global copper market is gripped by fears of a shortage, which has propelled prices to record levels and sparked a $49-billion takeover battle. But in China, the world’s biggest producer and... 

Large Anglo shareholders are backing miner’s stance on BHP talks

Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it... 

Pakistan coal miners face expansion issue as China stops funding

Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. “The real challenge for us is financing,”... 

Zimbabwe state miner says lithium assets attract investors

Zimbabwe’s state-owned miner Kuvimba Resources said its lithium assets are attracting potential investors from both China and other countries. Kuvimba has identified a lithium ore resource of 38... 

Troubled Peru copper mine starts expansion work in supply boost

China’s MMG is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global... 

Eraring coal plant closure delayed by two years

Origin Energy will delay the closure of Australia’s largest coal-fired power station amid concerns renewable energy isn’t being added fast enough to keep pace with plans to quit fossil fuels. The... 

Copper frenzy draws mining giants to Argentina after Milei’s reforms

Global mining heavyweights including Lundin Mining, Glencore and First Quantum Minerals are piling into Argentina as a new government intent on luring foreign investment propels the companies... 

BHP has a week to convince Anglo its South African plan can work

BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about... 

Fortescue excluded from world’s biggest hydropower plant development

A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix...