BHP sinks $555M into Olympic Dam amid expansion bid
BHP is considering doubling copper output in South Australia to 650,000 tonnes by the mid-2030s
Commodities Markets
Copper price to surge past $11,000 in 2026, BofA says
Bank of America (BofA) has raised its copper price forecasts, pointing to widespread mine disruptions and steady demand as the metal tightens across global markets. The bank now expects copper…
Mining Forum Americas: Garofalo’s Gold Royalty the ‘envy of our peers’
Colorado Springs, Colo. – Gold Royalty (NYSE American: GROY) has started generating free cash flow and is focusing on Quebec’s Abitibi region for its next leg of growth, executive chairman…
Grasberg halt hikes copper; Freeport in ‘penalty box’
Copper climbed on Wednesday after Freeport-McMoRan (NYSE: FCX) declared force majeure on contracted supplies from its Grasberg block cave mine in Indonesia, tightening an already firm market. Three-month copper traded…
Nevada Lithium jumps on Korean extraction pact
Nevada Lithium Resources (TSXV: NVLH; US‑OTC: NVLHF) jumped as much as 32% by midday Wednesday after South Korea’s Hydro Lithium agreed to test patented extraction technology at the Bonnie Claire…
Mining Forum Americas: Taiwan war could reshape metals – fast
Colorado Springs, Colo. – The “Trumponomics” playbook – 10% base tariffs, a weak-dollar tilt and rising great-power risk – points to more gold upside and a messy reroute of mining…
Sprott buys most uranium in 2.5 years
The Sprott Physical Uranium Trust (TSX: U.U for USD; U.UN for CAD), the world’s largest holder of the heavy metal, now has about 70 million lb. of uranium after it bought 450,000…
DRC to impose cobalt export quotas
The Democratic Republic of Congo will end a ban on cobalt exports next month and impose annual shipment quotas instead as the world’s biggest producer of the metal seeks to…
Gold price hits new record high
Gold pushed to a record $3,728 per oz. on Monday before easing about $10 an oz. as investors piled into exchange-traded funds, extending a rally that resumed after last week’s…
Congo strategy nearly doubles cobalt price
The price of cobalt sulphate entering the electric vehicle battery supply chain in China has soared more than 90% since the start of the year after top producer the Democratic…
Deutsche Bank lifts gold price forecast to $4,000
Deutsche Bank has raised its 2026 gold price forecast to $4,000 per oz., citing continued central bank demand, especially from China, a falling U.S. dollar, and rising uncertainty over Fed…
BHP to shutter Australia coal mine, lay off 750 workers
BHP (ASX, NYSE LSE: BHP) plans to close its Saraji South joint venture coal mine in Australia and lay off about 750 workers amid weak coal prices and high royalties…