AI to boost copper demand 50% by 2040: S&P
A rapid and exponential growth in artificial intelligence (AI), defence spending and robotics will lift global copper demand by 50% by 2040, leaving a supply shortfall of more than 10…
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Venezuelan neglect scars mining potential: analysts
Venezuela has significant mineral resources including gold reserves rivalling Peru and Brazil and large dormant projects the government seized more than a decade ago as companies and investors size up…
Nickel spikes on Indonesia quota risk
Nickel extended its rally on Wednesday after reports of deep mining-quota cuts this year in Indonesia tightened supply expectations. The London Metals Exchange (LME) three-month contract traded around $18,460 (about…
Revival logs shallow gold at Utah’s Mercur project
Revival Gold (TSXV: RVG; US-OTC: RVLGF) said recent drilling at its past-producing Mercur project in Utah shows the presence of near-surface gold in an area targeted for potential heap leach development….
Military Metals’ results show Slovakia antimony promise
High-grade results from the first drill hole at Military Metals’ (CSE: MILI; US-OTC: MILIF) Trojarová antimony-gold project in Slovakia confirm the site hosts antimony values in line with historical estimates, as the…
Gold tops US bonds as largest foreign reserve asset
Gold has surpassed US Treasuries as the world’s largest reserve asset globally for the first time in 30 years amid rising prices and aggressive buying by central banks. According to…
BlueScope Steel rejects $8.8B takeover offer
BlueScope Steel (ASX: BSL) has rejected an $8.8 billion takeover bid by U.S. steelmaker Steel Dynamics (Nasdaq: STLD) and Australian conglomerate SGH (ASX: SGH), accusing the bidders of trying to buy…
Critical Metals to build pilot plant in Greenland
Rare earth developer Critical Metals (Nasdaq: CRML) surged on Wednesday as it approved the construction of a multi-use storage and pilot facility in Greenland to support its Tanbreez project. In…
Lithium Argentina hits forecast, seeks Milei financing
Lithium Argentina (TSX, NYSE: LAR), the country’s largest producer of the battery metal, achieved its Cauchari-Olaroz brine output target as it advanced second-stage permitting and squeezed costs. The Switzerland-based company…
US awards $2.7B in uranium enrichment orders
The United States Department of Energy awarded contracts worth $2.7 billion (C$3.7 billion) to three companies in a bid to boost domestic uranium enrichment capacity over the next decade and…
Copper prices hit yet another record
Copper prices surged to a fresh record on Tuesday as supply disruptions and U.S. trade uncertainty continue to fuel a sharp early-year rally across base metals. Benchmark three-month copper on…
Centerra rises on Mt Milligan copper-gold life boost
Centerra Gold (TSX: CG; NYSE: CGAU) gained the green light to extend operations until 2035 at its Mount Milligan copper-gold mine from British Columbia’s Environmental Assessment Office (EAO). Shares rose….