Copper price jumps on China policy pivot, but market has seen it before
Copper jumped on Monday, rising by more than 2% overnight to a four-week high of US$4.30 per lb. (US$9,470 per tonne) on the CME in Chicago, after China’s politburo signalled…
Commodities Markets
London Symposium: Rule, Roosen call for smarter junior mining investment
“No one ever won the Kentucky Derby with the best jockey on a donkey,” Osisko Development (TSXV: ODV; NYSE: ODV) founder and CEO Sean Roosen told an industry event last…
Charting the Trump train’s global economic trajectory
I’ve been on the road over the last few weeks, attending various mining conferences along Australia’s east coast. One of the key discussion points has been United States president-elect Donald…
China germanium, gallium ban could cost US$3.4B
According to the USGS, gallium prices could increase by more than 150% and germanium prices by 26% in the event of a total ban.
BHP to spend up to US$14B in Chilean copper expansion
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has outlined its ambitious plans to boost copper production in Chile, aiming to increase output by 430,000 to 540,000 tonnes per year based…
Gold looks good on Trump tariffs, tax cuts
Donald Trump’s presidential win is likely to be gold positive in the medium term, according to John Reade, chief market strategist for the World Gold Council. The potential for higher…
Strong demand to boost aluminum price, despite surplus this year: Fitch
Aluminum prices are expected to stay elevated this year owing to a tightening market balance on the back of strong growth in global demand outpacing supply, says BMI, a unit…
Forrest’s Wyloo Metals casts doubt over future of Aussie rare earths hopeful
A dispute is brewing between junior rare earth developer Hastings Technology Metals (ASX: HAS) and its funding partner, Andrew Forrest’s private investment vehicle Wyloo Metals. Hastings said it received a…
Mineral Resources halts Bald Hill mine in Australia amid lithium price rout
Mineral Resources (ASX: MIN), which is rallying from a governance probe involving its founder and former CEO Chris Ellison, will shut its Bald Hill lithium mine in Western Australia immediately due…
Uranium price to recover next year on shortage, Trump policy, Sprott CEO says
The price of uranium will rebound from its lowest level in a year as supply shortages, nuclear energy’s promise for clean energy and president-elect Donald Trump’s America-first security stance provide…
Copper price, stocks hammered as Trump tariff, China worries mount
December copper came under renewed pressure on Monday, falling some 1.7% to under US$4.23 per lb. (US$9,320 per tonne) in afternoon trading on the CME in Chicago, bringing losses since…
Gahcho Kué diamond mine earnings fall in ‘disappointing’ market for De Beers JV
Mountain Province Diamonds (TSX: MPVD) says its third-quarter earnings fell and mine operations swung into a loss as costs rose and grades dropped at the Gahcho Kué joint venture with Anglo…