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Metal for bullets risks bigger shortage after near-300% surge
A global shortage of antimony — widely used in munitions — could worsen as the US and Europe replenish stockpiles of bullets and bombs used in Ukraine, according to the company building one of the...
Australia ships record amount of gold to US amid race for metal
Australia shipped a record amount of gold to the US in January, as fears over potential tariffs saw traders rush to deliver metal into New York warehouses in order to capitalise on extreme price...
China’s MMG halts new Congo plant after one year on cobalt slump
A Chinese State-controlled mining company mothballed a cobalt processing plant in the Democratic Republic of Congo only 15 months after opening it due to a historic slump in the price of the...
US copper prices surge as Trump signals 25% tariff on imports
Copper prices surged by more than 5% in New York — leaping further above other global benchmarks — as US President Donald Trump suggested imports of the metal could be subject to a 25% tariff....
Trump to tout tariffs, unveil energy, mineral projects in speech
President Donald Trump will defend his use of tariffs, propose a new natural gas pipeline and move to ramp up production of critical minerals and rare earths in the US in his primetime address to...
Trade no longer driving growth as in past, IMF’s Georgieva says
Trade is no longer driving global economic growth to the same extent as in the past and policy changes from the new US administration are triggering responses from other nations, according to...
China to mandate steel output cuts to ease glut, restore profits
China will push the country’s steel industry to cut output, in an attempt to ease a massive glut and restore profitability at mills. Authorities will promote industry restructuring to reduce...
Congo courts Trump for strategic minerals tie-up as war looms
The Democratic Republic of Congo has offered the US exclusive access to critical minerals and infrastructure projects in exchange for security assistance as it battles a rebellion backed by...
Copper miners are next bet to fuel Canada stocks outperformance
Investors in Canadian stocks have a new sector in mind that they hope will help insulate their portfolios from the risk of a trade war: copper miners. At the start of the year traders were piling...
Trump’s Canada, Mexico, China tariffs hit in deepening trade war
President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies, imposing one of the largest increases in US tariffs since the 1930s in a dramatic escalation of...
Toronto exchange’s mining dominance under threat as explorers exit
Toronto’s claim as the world’s top mining hub is under threat as exploration companies leave Canada and listings dwindle on the nation’s resource-heavy stock exchange. Canada’s once-thriving...
Zelenskiy says Ukraine ready to accept a minerals deal
Ukrainian President Volodymyr Zelenskiy said he’s willing to meet Donald Trump if the US President invites him again “to solve real problems,” adding his country is ready to accept a minerals deal...
Coal’s four-year lows hide a coming global supply squeeze
Languishing global prices today mask a very different future for the world’s most-consumed source of power. Australian thermal coal contracts, the benchmark for Asia, are hovering close to $100 a...
China could restart import controls on coal as oversupply mounts
China could reestablish import controls on coal, after leading industry groups warned on mounting oversupply in the world’s biggest market for the fuel, according to Morgan Stanley. The bank said...
China keeps unprecedented hold on metals with mining push abroad
China last year committed more resources than ever to mining abroad as part of Xi Jinping’s global infrastructure program, a new study found, underscoring its growing grip on the metals supply...
Indonesia’s move to control coal prices faces Chinese pushback
The Indonesian government’s plan to regulate the price of coal exports is facing pushback from its largest customer, as firms in China balk at paying higher costs as other suppliers lower their...
Panama President exploring ‘novel ideas’ on First Quantum mine
Panama President Jose Raul Mulino said his government is exploring “novel ideas” on handling First Quantum Minerals’s giant copper mine in the country and reiterated that the firm must drop its...
Indonesia, home to giant gold mine, launches bullion banking
Indonesia has launched its first bullion banks in a bid to draw tons of privately held gold into the financial system of Southeast Asia’s largest economy. The region’s largest gold producer on...
Canada’s Allied Gold seeks listing on NYSE
Canada’s Allied Gold has started a process to apply for a listing on the New York Stock Exchange, joining an industrywide migration to the world’s top bourse. The Toronto-based gold producer was...
BHP kicks off $10.8bn plan to prevent Chile copper slump
BHP Group will kick off a massive $10.8-billion investment program in Chile with the overhaul of an ageing copper plant as the world’s most valuable mining company battles declining ore quality....
First Quantum steps up campaign to reopen Panama copper mine
First Quantum Minerals and its workers and suppliers in Panama are stepping up efforts to gain support for the reopening of a $10-billion copper mine more than a year after it was shut. The...
Codelco is winning over investors on signs of copper turnaround
Top copper supplier Codelco is starting to win over investors on signs that a long-awaited production recovery will help keep the Chilean state firm’s debt levels in check. In the past month,...
China cobalt stocks surge after Congo unexpectedly bans exports
Cobalt stocks rose in China on Tuesday as a surprise export ban in the Democratic Republic of Congo lifted the near-term outlook for the material used in alloys and batteries. Shares in Nanjing...
Congo suspends cobalt exports for four months amid oversupply
The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market. Cobalt production in Congo – which...
Battery metal rout set to force unprofitable miners to cut costs
A wave of cost cutting and potential consolidation looms for lithium and nickel miners in the year ahead, with no short-term relief in sight for the key battery metals sector after a poor earnings...
Zelenskyy says US minerals deal must include military guarantees
Ukrainian President Volodymyr Zelenskyy said the US dropped its demand for Kyiv to commit to paying $500-billion as part of talks to give Washington a cut of the country’s mineral wealth. But...
Chinese coal prices have further to fall as Glencore mulls cuts
China’s coal slump is likely to persist for several months, weighing on a global market that has seen mining giant Glencore forced to consider output cuts after prices dropped to near their lowest...
Miner Pilbara sees lithium demand rallying on China mine restart
Australia’s largest pure-play lithium producer Pilbara Minerals said it sees demand recovering on the restart of a large mine and refinery in China, even as it reported a net loss in its half-year...
World’s biggest miners pinched by iron-ore’s China problem
The world’s biggest miners, having cashed in on China’s once-rampant demand for iron-ore, are starting to reel from the impact of their main customer’s economic struggles. BHP Group, Rio Tinto...
Glencore is studying whether to move primary listing from London
Glencore said the optimal location for its primary listing “remains under study,” fueling speculation about what would be the most high-profile exit from the UK exchange to date. Glencore began...
Copper falls as Citi predicts prices will retreat on US tariffs
Copper in London declined after Citigroup flagged risks of a pullback in prices from the impact of US tariffs on demand. The metal has risen almost 8% this year due to resilience in the physical...
Goldman raises gold target to $3 100 on central-bank appetite
Goldman Sachs Group raised its year-end gold target to $3 100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the...
Billionaire Friedland’s iron-ore miner seeks up to A$300m in Australia IPO
Mining billionaire Robert Friedland’s latest venture, iron-ore producer Ivanhoe Atlantic, is seeking to raise as much as A$300-million from an initial public offering (IPO) in Australia, people...
Mongolia aims to boost Chinese coal sales to 100Mt
Mongolia is aiming to increase its coal exports to China by almost a fifth this year, as it seeks to expand energy cooperation with its resource-hungry neighbor. The central Asian nation forecasts...
Vale expects to raise Carajas iron ore output by 13% with billionaire investment
Brazilian miner Vale said on Friday it expects to raise iron ore production in its main complex Carajas, in northern Brazil, by nearly 13% through 2030 as part of a 70-billion real ($12.26-billion)...
Gold holds biggest loss since December on concern rally overdone
Gold steadied following its largest one-day decline in two months, with the slump sparked by investor concern that the metal’s recent record-breaking rally may have been overdone. Bullion traded...
Storied Peruvian exec resurfaces at Canadian copper startup
After decades overseeing some of Peru’s biggest mines, Victor Gobitz has reemerged at the helm of a Canadian startup that has plans to begin copper production in a year and go public in the medium...
Agnico nears world’s No. 2 gold miner spot with output targets
Agnico Eagle Mines is threatening to snag the title of world’s second-largest gold producer from one of its top rivals. The Canadian mining company aims to churn out 3.3-million to 3.5-million...
Australia’s iron-ore hub reopens, Rio mines resume after cyclone
Australia’s biggest iron-ore port reopened and Rio Tinto Plc mines resumed operations after being spared any major damage from Tropical Cyclone Zelia. Port Hedland, which handled almost 760...
Chinese firms to build $2bn Tanzania rail
Tanzania signed a $2.15-billion deal with two Chinese firms to construct a railway linking its main port of Dar es Salaam to a nickel mine in neighboring Burundi. Tanzania Railways Corp awarded the...
Malawi temporarily bans all mineral exports to revamp rules
Malawi’s government placed a temporary ban the exports of all minerals to allow the country’s Ministry of Mining to streamline procedures. The ministry wants to enhance “regulatory frameworks that...
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