Congo is targeting cobalt price that boosts local processing

The Democratic Republic of Congo is seeking a cobalt price that encourages domestic processing, as the government considers its next steps to follow a ban on exports of the battery metal, according... 

Latest Teck setbacks in Chile underscore copper supply struggles

Teck Resources’ lowered production guidance for its flagship Chilean mine in the latest setback to the Canadian company’s efforts to join the copper big leagues. The sprawling Quebrada Blanca... 

Six university students drown at Zhongjin gold mine in China

Six students from a Chinese university died during a visit to a mine owned by Zhongjin Gold in Inner Mongolia, northern China. The students from Northeastern University in Shenyang, Liaoning... 

Glencore to shut Australian copper mines with smelter on brink

Glencore is on track to close its last two copper mines in Mt Isa, Queensland, next week, ahead of a decision on whether to also shutter a smelter at the same complex. A shutdown of the mines –... 

Platinum market’s ‘deep’ tightness shows little sign of relief

The platinum market has tightened to unprecedented levels in the past few days as tariff fears and speculative buying pull metal from the key London and Zurich markets into warehouses in the US and... 

Rare-earth miner Aclara seeks state funding for US-Brazil plans

Aclara Resources is in talks with US government agencies for possible financing toward its $1.5-billion plan to mine rare earths in Latin America and develop processing facilities in the US. The... 

Copper-laden ships race to reach US ahead of Trump’s 50% tariffs

At least four ships carrying copper are trying to reach US ports before August to get ahead of planned import tariffs on the metal. The shipments represent the final scramble by merchants to cash... 

Seabed regulators will scrutinise mining firms seeking US licences

A United Nations-affiliated organisation with jurisdiction over the global seabed took a tentative step Monday to respond to US President Donald Trump’s fast-tracking of deep-sea mining for... 

Brazilian miners warned of potential $1bn in tariff pain

The Brazilian mining industry is warning of dire economic consequences if the government resorts to reciprocal tariffs in retaliation for US President Donald Trump’s threatened 50% levy starting... 

Trump's critical minerals obsession reignites deep-sea mining

The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in electric-vehicle battery metals from... 

Russian precious metals sales to China hit $1bn

Russian precious metals exports to China almost doubled in the first half of the year, as record gold prices boost revenue. Chinese imports of Russian precious metal ores and concentrates,... 

Alcoa CEO says Trump tariffs force a pause for Canada growth projects

Alcoa, the storied US metals producer, is feeling the pinch of President Donald Trump’s tariffs and has been forced to pause work on all its growth projects underway in Canada. If the levies stay... 

China spy agency accuses foreign agents of stealing rare earths

China’s spy agency has accused overseas intelligence agencies of stealing controlled rare earth materials, reiterating its intent to curb smuggling even as Beijing agrees to review applications to... 

Former Lundin CEO Rockandel joining infor to seize on mining deals

Peter Rockandel, former chief executive officer of Canadian metals producer Lundin Mining Corp., is planning to capitalize on the recent uptick in mining financing and deal flow as he returns to... 

Anglo’s handling of De Beers sale irks stakeholder Botswana

Anglo American’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the government believes that it hasn’t been properly consulted, people with... 

Alcoa says Trump’s tariffs added $115m in aluminum costs

Alcoa Corp, the largest US aluminum producer, said tariffs on imports from Canada cost it $115-million in the second quarter, showing how US President Donald Trump’s trade agenda has affected the... 

Aura Minerals shares mixed in US debut after oversubscribed deal

Aura Minerals' shares were little changed from the offer price in a US trading debut, after the gold and copper miner raised $196-million in a listing in New York. The company’s shares traded at... 

Ultra-rare metal rides AI boom as commodities star performer

Thanks to the boom in artificial intelligence, an ultra-rare element you’ve probably never heard of is one of this year’s best-performing raw materials. Ruthenium, a silvery gray mineral, has... 

Iron-ore hits two-month high as China policy hopes buoy demand

Iron-ore climbed to a two-month high, with traders encouraged by China’s pledge to reduce excess competition and outdated capacity, despite the steel market’s weakening demand outlook. The bulk... 

Gold steadies as investors weigh outlook for Trump-Powell saga

Gold steadied after a volatile session on Wednesday as traders assessed the outlook for Jerome Powell’s tenure as Federal Reserve chair after more speculation that President Donald Trump may ax... 

Vedanta’s Zambia copper unit will revamp smelter to boost output

Vedanta Resources’ Zambian copper mining unit plans to refurbish its smelter as part of efforts to ramp up production from operations the company recovered last year. The plant will undergo “a full... 

Citigroup backs silver to soar just as gold’s rally loses steam

Silver will extend a rally beyond $40 an ounce in the coming months on tightening physical supplies and growing investment demand, according to Citigroup Inc., which reiterated a more cautious... 

Ghana moves to hedge gold price to preserve build-up of reserves

Ghana is working on a programme to hedge the price of gold exports as it seeks to shield earnings that have bolstered the central bank’s foreign reserves from future volatility, Governor of the... 

Barrick weighs sale of gold mine to Discovery Silver

Barrick Mining Corp is in advanced talks to sell its last Canadian gold mine to Discovery Silver Corp, according to people familiar with the matter, as the firms seek to capitalize on the soaring... 

China’s lithium giants tumble after first-half profit warnings

Shares in China’s lithium producers fell sharply on Tuesday after two of the largest miners warned that battery-metal woes had weighed on earnings for the first half of the year. Tianqi Lithium... 

Indonesia looking at levy on coal exports

Indonesia, the world’s biggest coal exporter, may impose an export levy on the fossil fuel in a bid to boost state revenues, according to local media reports that cited a government minister. The... 

CMOC boosts cobalt production despite Congo export ban

China’s CMOC Group produced more cobalt at its two mines in the Democratic Republic of Congo (DRC) in the first half of this year, despite the African nation’s ban on exports. The world’s largest... 

Zimbabwe’s top diamond miner cuts 400 jobs as prices slump

Zimbabwe’s biggest diamond miner is cutting 400 jobs, weighed down by a global downturn in the market for natural gems, a company representative said by phone. State-owned Zimbabwe Consolidated... 

Mercuria and Zambia to ship first copper under new partnership

Mercuria Energy Group and a Zambian State-owned company are set to ship their first copper under a new trading partnership after obtaining a government waiver to export a semi-processed form of the... 

Rio Tinto wants to invest more in US copper under Trump tariffs

Rio Tinto says it has a “strong desire” to invest in US copper mining following President Donald Trump’s plans to levy imports of the critical metal. “There is increasing recognition by the US... 

Mali seizes Barrick’s gold as junta leader claims endless rule

Mali’s government seized more than a ton of gold from Barrick Mining, days after the West African nation’s junta leader signed a law granting himself a mandate renewable forever. State helicopters... 

US copper buyers seen paying a high price for Trump’s tariff

US buyers of copper will pay a high price if President Donald Trump pushes ahead with a 50% tariff on refined metal as opposed to copper products such as wiring, according to officials in Chile.... 

Philippine miner sees surge in nickel shipments to Indonesia

Nickel ore shipments to Indonesia from the Philippines are expected to surge this year to meet demand from Chinese-owned refineries affected by Jakarta’s curbs on domestic production, according to... 

Ecuador court to decide on fee that mining industry says imperils drilling

Ecuador’s government and its fledgling mining industry are heading into a legal battle over a controversial fee announced last month. The industry sees the measure as a tax that will stymie... 

Top CEOs want Canada to build a strategic minerals reserve for defence

Canada should become a world leader in producing and processing raw materials for military equipment and defense systems, according to an influential business group. The Business Council of Canada... 

Vedanta Base Metals CEO Griffith quits amid debt, short-seller woes

Vedanta Resources, the Indian mining conglomerate of billionaire Anil Agarwal that was targeted in a short-seller’s report, has lost the top executive of its base metals business, according to... 

Trump says 50% tariff on copper imports to take effect Aug 1

President Donald Trump said the US would begin levying a 50% tariff on copper imports from August 1, confirming a move that will batter producers of everything from automobiles to homes and... 

Copper squeeze unravels with window closing to beat Trump tariff

An acute copper supply squeeze is coming to an abrupt end as President Donald Trump’s plan to soon slap a 50% tariff on the metal narrows the window to profit from surging US prices. Key spreads on... 

Trump to host African leaders offering major mining ventures

US President Donald Trump is scheduled this week to meet the leaders of five African nations that will potentially offer American businesses opportunities in critical minerals and other natural... 

Liberia and Ivanhoe Atlantic sign $1.8bn deal for railway

Liberia and Ivanhoe Atlantic Inc. have signed a $1.8-billion agreement that’ll allow the US mining company to rehabilitate and use the country’s railway infrastructure to transport iron ore from...