Chinalco bets $1.7B on Peru mine turnaround
Aluminum Corp. of China (Chinalco) is investing about $1.7 billion to overhaul its Toromocho mine in Peru, adding molybdenum output to drive a long-awaited turnaround. The upgrade at the site…
Politics
‘Myopic’ World Bank must shift to critical minerals from climate change, Bessent says
The U.S. government is pressing the world’s top development lenders to pivot towards funding critical minerals projects in an effort to bolster a supply chain that’s dominated by China. Speaking…
DRC boosts US copper sales fivefold to 500,000 tonnes
The Democratic Republic of Congo has raised planned copper sales to the United States to 500,000 tonnes through a state-backed marketing venture, marking a fivefold increase from its initial January…
Canada’s antimony gap shows as Iran war sharpens focus on defence metals
The war with Iran has pushed antimony further out of the shadows, highlighting the metal’s modern use in explosive formulations, flares and infrared sensors. The United States Geological Survey says…
Iran war, Indonesia curbs to support nickel price: report
War in Iran and output caps in Indonesia are expected to support nickel prices in 2026, though a persistent global oversupply will continue to limit gains, according to a new…
Aura OKs Guatemala gold build with higher capex
Aura Minerals (Nasdaq: AUGO) is proceeding to build its Era Dorada project in Guatemala, marking an expansion into Central America, after increasing a capital cost forecast by as much as…
Fujimori leads Peru presidential vote as mining risks rise
Keiko Fujimori led Peru’s presidential vote but fell short of an outright win, setting up a run-off that could reshape the outlook for the country’s critical mining sector. Exit polls…
China hikes rare earth prices by 45%
One of China’s biggest rare earth producers has hiked prices significantly, underscoring tightening market conditions and high geopolitical tensions in the midst of a raging conflict in the Middle East….
Gold price wins in Iran war, but not copper
The U.S.-Iran war may shave as much as 0.7% off the global economy and push gold prices higher as investors focus on a swelling U.S. deficit and a weaker dollar,…
Argentina OKs Milei glacier mining reform amid protests
Argentina’s Congress approved on Thursday a bill pushed by the country’s right-wing President Javier Milei that opens sensitive high-altitude regions to mining, triggering warnings over water security and environmental risks….
BRICS+ nations hold 17% of gold reserves: report
Global central banks have been buying up gold at a record pace, purchasing on average about 1,000 tonnes over the past four years, and the momentum has continued into 2026….
Goldman warns on copper risks, trims price target
Copper could see further downside risk if the war in the Middle East drags on and continues to disrupt the global supply chains by blocking the Strait of Hormuz, Goldman…