China’s grip on rare earths gives Xi leverage in US trade duel

After the US and China agreed in Geneva to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.... 

Aluminium premium for US buyers soars after Trump doubles tariffs

Premiums for consumers buying aluminium on the physical market in the United States soared on Monday after US President Donald Trump said he planned to increase tariffs on imported steel and... 

Glencore consolidates global coal portfolio in Australian entity

Mining and trading house Glencore consolidated its global portfolio of coal and ferroalloy assets under one company registered in Australia, according to its annual report lodged with the country’s... 

Flooded mine in Congo is latest threat to global copper supply

The status of one of the world’s most important copper mines remains clouded in uncertainty, more than a week after seismic activity caused widespread flooding deep below ground. Ivanhoe Mines’s... 

Burkina Faso sees restart of gold mines boosting output in 2025

Burkina Faso is poised to increase its industrial gold mining this year as a project by Mauritius’s Soleil Resources International rises to full production and a new mine by Australia’s West... 

China’s steel output cuts could intensify coking coal’s plunge

China’s declining steel demand is sweeping through related markets, with prices of the coking coal and coke used in blast furnaces plunging to their lowest since 2016. Steel mills are expected to... 

Gold falls for fourth day as US court blocks Trump tariffs

Gold extended declines for a fourth day, as markets absorbed news that the US trade court has blocked President Donald Trump’s global tariff agenda. Bullion fell as much as 1.1% on Thursday,... 

Chile lifts copper price call as supply disappoints and trade fears ease

Chile, the biggest copper-producing country, raised its price projections for the metal this year and next on easing trade-war tensions and supply disruptions that signal the market is swinging... 

SQM feeds global lithium glut with record-high sales volume

SQM sold record amounts of lithium in the first quarter, despite prices languishing at multiyear lows as one of the world’s top producers of the battery metal counts on low costs to grow market... 

Guinea takes Endeavour gold permits in latest round of removals

Guinea has revoked four gold exploration permits from Endeavour Mining as it continues to reclaim inactive and non-compliant mining rights. The four exploration licenses were granted in 2020 and... 

Agnico Eagle’s ascent to most valuable gold stock lifts Paulson

When billionaire hedge fund manager John Paulson’s firm made a big bet on gold after the 2008 financial crisis, his fund picked several small- and mid-size gold miners. One of those is now vying to... 

Chinese miner joins rush to tap lure of gold in bond market

One of China’s biggest gold miners is planning its second dollar bond offering in two weeks, the latest in a slew of global companies looking to tap growing investor interest in the precious... 

Coal India to take first unit public with consultancy firm IPO

Coal India will sell as much as 10% of its holding in mining consultancy unit Central Mine Planning & Design Institute Ltd. (CMPDI) through an initial public offering. The Ranchi-based unit of the... 

Indian steel tycoon’s pathway to Mozambique coal deal reopens

India’s largest steelmaker can proceed with the acquisition of a coal deposit in Mozambique after the seller recovered the concession rights from the country’s new government. JSW Steel's... 

Trump signs orders to revive US leadership in nuclear power

President Donald Trump on Friday signed orders meant to accelerate the construction of nuclear power plants, including small, untested designs that offer the promise of rapid deployment but have... 

Ghana expects $12bn a year from small-scale gold mining

Ghana expects to rake in $12-billion a year from small-scale gold production if output doubles as planned. Gold exports from the country have surged as international prices have soared, and much of... 

Ontario to spend C$3.1bn on Indigenous role in mining

The Ontario government will spend nearly C$3.1-billion to encourage Indigenous participation in the mining industry, in a bid to ramp up critical minerals production across Canada’s most populous... 

Zimbabwe lithium exporters seek tax delay until 2027

Miners in Zimbabwe are urging the government to defer an export tax on lithium concentrate until plants that will refine the battery material into higher-value products in the country come online.... 

South Africa arbiter proposes more pay to avoid logistics strike

A third-party arbiter proposed a higher wage offer to South Africa’s State-owned ports and rail company and its unions in a bid to stave off a potential strike by thousands of logistics workers.... 

Rio Tinto defends Pilbara after Forrest voices ‘wasteland’ fears

A Rio Tinto Group executive has defended the future of Australia’s iron-ore hub, after mining billionaire Andrew Forrest delivered a downbeat message on its prospects unless it gets more green... 

Trump sets stage to sell ocean mining rights off American Samoa

The Trump administration is setting the stage to sell mining rights off the coast of American Samoa as demand surges for critical materials used in electric vehicle batteries, smart phones and... 

China gold imports surge to 11-month high despite record prices

China imported the most gold in nearly a year last month despite record prices, after heightened demand for the precious metal prompted the central bank to ease restrictions on bullion inflows.... 

Gold edges lower as haven demand from Moody’s downgrade fades

Gold edged lower as the haven-demand boost from Moody’s Ratings downgrade of the US faded, and attention turned back to the easing of trade tensions between the two largest economies. Bullion... 

Russia says China’s Zijin agrees to keep Siberian zinc mine open

Russia’s Tuva region said it has agreed with Zijin Mining Group to keep the Kyzyl-Tashtyg zinc mine working after sanctions prompted the Chinese company to weigh suspending operations. Zijin’s... 

UAE’s EGA to build US aluminum plant touted by Trump next year

Emirates Global Aluminium plans to start building a $4-billion plant in Oklahoma next year as Donald Trump pushes for massive investments from oil-rich Gulf states to avoid his tariffs. The plant... 

Australia’s richest woman doubles US stocks bet to $2.5bn

Billionaire mining magnate Gina Rinehart poured hundreds of millions of dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as... 

Transnet is running out of cash, Moody’s warns

South Africa’s State-owned transport and logistics company, Transnet, will run out of money for operations and debt-servicing within three months unless it gets a government bailout, according to... 

Chinese gold miner Chifeng scours globe for takeover targets

A major Chinese gold producer is scouting for acquisition opportunities around the world, although the recent price volatility driven by global trade turmoil means it’s not rushing to secure... 

China’s glut of coal locks market in vicious cycle of decline

Chinese coal prices remain locked in a downward spiral due to a persistent glut of the fuel, according to the country’s top industry group. The optimism that’s taken hold in the wake of China’s... 

‘Bulldog’ ex-Goldman banker answers Carney’s call to fix Canada resources sector

The first time Timothy Hodgson was asked by Mark Carney to come to Ottawa, he left behind an investment banking career at Goldman Sachs Group that had seen him climb the ranks to lead its Canadian... 

Iron-ore bounces back to six-week high on trade-war truce hopes

Iron-ore rose as trade tensions eased, spurring optimism across a metals market that has been hit especially hard by global growth worries. Futures of the steel-making ingredient reached a... 

Carney puts ex-Goldman banker, Quebec loyalist in key jobs

Canadian Prime Minister Mark Carney unveiled his new economic team, keeping longtime politician François-Philippe Champagne as finance minister and placing former Goldman Sachs banker Timothy... 

De Beers secretly sells discounted diamonds to selected traders

De Beers has been quietly selling rough diamonds at sharply marked-down prices to a small handful of customers, in a highly unusual move that’s fuelling tensions across an industry already mired in... 

Gold holds heavy loss as markets latch onto US-China optimism

Gold steadied after a sharp selloff as a major de-escalation in US-China trade tensions hurt demand for havens. Bullion traded near $3 237 an ounce — after losing 2.7% on Monday — with investors... 

Australia’s biggest LNG plant has to win over a new Minister

Australia’s new environment minister faces a tight deadline to familiarize himself with a controversial and long-delayed application to run the nation’s oldest and biggest liquefied natural gas... 

Peru’s emergency mining ban to cost $200m in lost gold output

Peruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that’s seen an up-tick in criminal activity culminating in... 

Guinea moves to cancel mining rights of non-compliant companies

Guinea’s transitional President General Mamadi Doumbouya instructed his government to withdraw permits and concessions from mining companies that don’t respect their legal commitments to the... 

South African port union plans more talks to end wage dispute

The main labour union at South Africa’s state port and rail company said it will continue talks next week aimed at resolving a wage dispute and averting a potential strike. Negotiations will take... 

BHP-backed SolGold turns to speedier mine plan to woo investors

SolGold, an Ecuador-focused firm backed by some of the biggest names in mining, is working on options to start production at its flagship project three or four years ahead of previous plans. The... 

Ukrainian Parliament ratifies natural resources deal with US

Ukraine’s parliament ratified a deal with the US over access to the country’s natural resources, lending its full support to attempts by President Volodymyr Zelenskiy to improve ties with Donald...