JPMorgan sees $4,000 gold price in a year
JPMorgan sees gold prices hitting the $4,000-per-oz. milestone by the second quarter of 2026 as the probability of a recession rises amid an ongoing global trade war. “Underpinning our forecast…
Commodities Markets
RANKED: World’s biggest copper mines
Copper is the metal most tied to the global economy because of its essential role in sectors from transportation to manufacturing and electrification. A growing emphasis on clean energy means…
Citi softens short-term bearish outlook on copper
Citigroup has softened its short-term bearish outlook on copper by lifting its three-month price target to $8,800 a tonne, citing United States President Donald Trump’s recent decision to suspend many…
Don’t tariff copper imports, limit exports: US industry
Some key players in the United States copper industry are urging President Donald Trump to forgo import tariffs and instead opt for targeted export restrictions in a bid to revive homegrown production….
Goldman Sachs upgrades gold forecast to $3,700
Goldman Sachs has once again lifted its year-end price target for gold — this time to $3,700 an oz. — amid uncertainty surrounding the state of the global economy. In…
Unions back big Hudbay project as copper price gyrates
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has reached an agreement with a coalition of union building trades to support the construction of its Copper World mine in Arizona. The…
Petra Diamonds delays sale amid US tariffs uncertainty
Africa-focused Petra Diamonds (LSE: PDL) has postponed a scheduled sale of about 200,000 carats of diamonds from its Cullinan mine in South Africa, citing uncertainty over the impact of new…
Batteries enter high demand, low price phase: IEA
The global battery market is entering a new stage as demand continues to rise while prices of raw materials decline, the International Energy Agency says in a report on the…
TNM Editorial: The price of metals, the value of elections
To help mark 110 years at The Northern Miner, we’ve started a feature each month to include some Blasts from the Past. Take a look at page 39 in the…
Rare yellow diamond found at Rio Tinto’s Diavik mine
Rio Tinto (NYSE, ASX, LSE: RIO) has unearthed a 158.20-carat gem-quality yellow diamond at its Diavik mine in the Northwest Territories. The precious rock is one of only five yellow…
Codelco regains title as world’s top copper producer
Codelco has resumed its position as the world’s largest copper producer after reporting 2024 output slightly more than BHP (NYSE: BHP). Chile’s state-owned miner produced 1.44 million tonnes of copper…
Gold hits new high as Goldman sees $3,300
Gold soared to a new record on Friday even as Canadian Prime Minister Mark Carney and U.S. President Donald Trump said they’d had a constructive phone conversation a day after…