Global copper surplus swells — report
The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data…
Commodities Markets
Vale pegs cost for carbon-free mining and steelmaking at over US$1T
Vale’s CFO said that the biggest challenge is to reduce the cost of the energy transition.
Scientists study new copper source: algae
Researchers at Brock University near Niagara Falls, Ont. are investigating a new way of extracting copper from an unlikely source: algae bloom. The study, led by assistant professor of chemistry…
Chalice reduces board, costs amid nickel slump
Australia’s Chalice Mining (ASX: CHN) is the latest nickel player forced to cut costs amid a sharp decline in the metal’s price. Chalice announced a series of measures on Friday…
Congo copper exports to US begin via Angola railway to Atlantic
A cargo of copper cathodes is headed to Baltimore after arriving by train at the port of Lobito in Angola on Monday.
Podcast: ‘The gold price action is not a Western story’, ft Canaccord Genuity’s Cam Currie
In this week’s episode, Cam Currie, senior investment advisor at Canaccord Genuity and founder of Currie Metals and Mining Group, joins host Adrian Pocobelli to analyze the recent surge in…
Euro Manganese shares jump after offtake deal with US cathode specialist
The seven-year deal will account for a “significant percentage” of Chvaletice manganese production.
Australia’s fledgling batteries downstream sector grapples with too-high costs
Australia’s efforts to establish a downstream lithium sector to match its status as the world’s top lithium miner were dealt another blow in late July, when Albemarle (NYSE: ALB) suspended…
Why this week’s market mayhem doesn’t signal a complete meltdown
Global markets have experienced spectacular moves this week, led by Japan’s Nikkei index. It tumbled 12% on Monday, then recovered 11% on Tuesday! Incredible whipsaw action — But that’s not what…
Nutrien names insider Mark Thompson as CFO as potash market wobbles
Nutrien (TSX: NTR; NYSE: NTR), the world’s biggest fertilizer producer, has appointed a new chief financial officer amid an industry downturn that has dented profits. Mark Thompson, who has been…
Kazatomprom hikes outlook after higher uranium production so far this year
The world’s top producer boosted production 6% year-on-year in the first half of the year.
Fission deal key to Paladin Energy’s plan to help plug uranium supply gap
Just months after rejoining the uranium producers’ club with the March restart of its Langer Heinrich mine in Namibia, Paladin Energy (ASX: PDN; US-OTC: PALAF) has set its sights on…