Dull diamond market hinders Anglo’s sale of De Beers
Anglo American (LSE: AAL) revealed on Thursday it could cut diamond production once again amid persistent market challenges, complicating its plan to sell its De Beers unit as part of…
Commodities Markets
Will Guinea’s Simandou iron ore mine be the ‘Pilbara killer’?
Simandou, one of the world’s most significant iron ore developments, may soon challenge Australia’s Pilbara region as the world’s dominant producer of the steelmaking metal. Initially discovered in 1997,…
Transition to hybrids more ‘realistic’ than copper-hungry EVs — study
A new study suggests that the electrifying the global vehicle fleet by 2050, the target year for net-zero emissions, will require an unrealistic ramp-up in copper production. But targeting 100%…
Friedland warns of copper ‘crisis’ as mine costs soar
Boca Raton, Fla. – Miners and analysts gathered this week in a sweaty beach city in southeast Florida to ponder why the industry gets the cold shoulder from most investors. Copper…
BHP halts Western Australia nickel mines on weak prices, glut
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is halting its Western Australia nickel operations starting in October, as the world’s largest miner struggles to navigate challenges posed by a substantial…
OTC-listed Chilean Cobalt inks Glencore offtake deal
Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of…
Nickel price to see steady rise on EV demand — after a flat 2024: Fitch
Analyst expects upside risks – including but not limited to potential supply disruptions and a weakening of the US dollar to place a floor under prices throughout the year.
Copper to retest US$10,000 a tonne: Citi, BMO
Copper prices may rise past the US$10,000-per-tonne mark again in the coming weeks due to a Chinese smelter supply shortage and anticipated grid investments by the Asian giant, according to…
How critical minerals tie into the AI boom
Most investors don’t make a connection between tech and mining. But mining supplies the raw materials for the semiconductor industry, which is in the midst of a huge growth spurt. …
Niger nixes GoviEx Uranium mining licence
Niger’s government revoked GoviEx Uranium‘s (TSXV: GXU; US-OTC: GVXXF) mining licence after it failed to start the Madaouela mine, one of the world’s largest projects for the nuclear fuel, by…
Gold, copper equities to rise, metals flat: analysts
Stocks in certain gold and copper producers are expected to gain this year even as a surge in the metals’ prices subsides, BMO Capital Markets says. Investors may seek attractive…
Anglo’s coal mine fire may delay reshuffle: BMO
A gas fire at Anglo American’s (LSE: AAL) Grosvenor metallurgical coal mine in northeast Australia could see operations suspended for more than one year and affect the company’s restructuring plans,…