Goldman Sachs anticipates surge in US copper net imports

US net copper imports could rise by 50% to 100% in the coming months due to higher US prices before the Trump administration's planned tariffs, Goldman Sachs said in a note on Tuesday. The May... 

Trump extends trade fight as steel, aluminum tariffs take effect

President Donald Trump’s latest tariffs on steel and aluminum imports came into force Wednesday, extending his trade wars to more of the US’s top trading partners in a risky bid to revive an... 

Rio Tinto seeks to raise as much as $9bn for Arcadium Lithium buyout

Rio Tinto is tapping the US investment-grade bond market Tuesday to raise between $7-billion and $9-billion for its just-closed acquisition of Arcadium Lithium, according to people familiar with... 

Rare earth miner says scarce Brazil financing undercuts industry push

Meteoric Resources is finding it difficult to find local financing for its $420-million rare earth project in Brazil, pushing the Australian firm to expand its search for investors beyond the South... 

Carlyle’s Currie says tariffs to add security premium for metals

Carlyle Group’s Jeff Currie warned of a “security premium” that will be added to the cost of metals like copper as tariffs mean that countries will need to pay more to ensure domestic supplies.... 

Rio Tinto to sell bonds to finance Arcadium Lithium purchase

Rio Tinto Group said it’s seeking to sell bonds in the US to help repay a bridging loan used to finance its $6.7-billion acquisition of Arcadium Lithium. The world’s second-biggest miner didn’t... 

Major copper miner Peru readies US delegation amid tariff threat

Peru is planning to send a delegation to meet with US officials after the Trump administration announced plans to introduce copper tariffs that may affect the South American nation’s biggest export... 

Australia makes Trump tariff exemption push as deadline nears

Australia is playing down the possibility of an exemption from steel and aluminum tariffs expected from US President Donald Trump within days, despite last-minute discussions between officials in... 

Indonesia mulls tax hikes on miners due to budgetary pressures

Indonesia is proposing hiking royalties paid by miners in a bid to bolster public finances that are being strained by President Prabowo Subianto’s spending plans. The Energy and Mineral Resources... 

Saudi’s Zahid to reopen talks with Barloworld’s shareholders

Saudi Arabia’s Zahid Group will start fresh negotiations with the shareholders of South Africa’s Barloworld, after an initial acquisition offer was rejected. The consortium led by Zahid will seek... 

Newmont widens output gap over gold mining rivals

The biggest gold miners are jostling for dominance over the bullion market. Newmont expanded its position as the top producer last year thanks to added output from its 2023 takeover of Australia’s... 

Rio Tinto scraps plans to raise up to $5bn in share sale

Rio Tinto Group has scrapped plans to raise as much as $5-billion in a share sale following pushback from investors, people with knowledge of the matter said. Executives at the mining giant had... 

Mark Carney wins Canada Liberal contest, will succeed Trudeau in days

Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic... 

Decision nears on $2.6bn of green funds for South Africa

A decision on a disbursement by the World Bank-linked Climate Investment Funds that would trigger a $2.6-billion green-finance package for South Africa may be made as early as Friday, people with... 

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...