Aluminum prices hit 4-year high on Hormuz supply woes
Aluminum prices surged to their highest level in more than four years on Tuesday, hitting $3,707.50 per ton, as a collapse in negotiations between the United States and Iran raised…
Asia
Hormuz shock drives coal to 14-year high
Coal investment will reach $180 billion (C$250 billion) this year, up 4% from last year and the highest since 2012, as the Middle East conflict pushes Asian countries to produce…
How to dodge the Iran war
Soaring fuel and chemicals prices triggered by the war in the Middle East are pushing global miners to dig deep for creative solutions. Take the case of Marimaca Copper (TSX: MARI; ASX: MC2), which…
CHARTS: How the sulphuric acid crunch is driving up critical minerals costs
Conflict in the Middle East and the closure of the Strait of Hormuz have sent sulphuric acid prices soaring, sharply increasing production costs for lithium, nickel and other critical minerals…
Quad nations unveil $20B critical minerals plan
The Quad partner nations — United States, Japan, Australia and India — have released plans to invest $20 billion to further support the buildout of a reliable critical minerals supply…
Iran war squeezes acid, aluminium, miners’ margins: WoodMac report
The Iran war around the Strait of Hormuz is starting to hit miners far from the Persian Gulf, Wood Mackenzie warned on Wednesday. The conflict is choking sulphur shipments that…
US, India set up framework for critical minerals pact
The United States and India have signed a bilateral critical minerals agreement creating the framework for a strategic partnership focused on the security of supply through mining and processing. This…
China’s rare earths lead seen lasting post-summit: BMI
China’s stranglehold on the global rare earths supply is expected to “stay firmly in place” despite the recent summit between its President Xi Jinping and his United States counterpart Donald…
Freeport eyes full Grasberg output by end of 2027
Freeport-McMoRan‘s (NYSE: FCX) Indonesian unit has reaffirmed plans to restore the giant Grasberg mine in Indonesia to full production by the end of 2027 despite the process taking “longer than…
SME New York: Critical minerals boom lifts dealmaking
Global mining M&A is gaining momentum this year, driven by a surge in critical minerals deals, rising government intervention and a shift towards supply chain security, speakers said this week…
Honda halts $15B Ont EV plant amid losses
Honda is indefinitely suspending its planned $15-billion (US$11-billion) electric-vehicle and battery complex in Ontario, following the expansion project’s potential postponement first reported last week in Japanese media. The move marks…
India tries ‘unusual move’ to stop gold buying as Iran war bites forex
Indian Prime Minister Narendra Modi has asked Indians to stop buying gold jewellery for a year in a bid to protect foreign-exchange reserves, a move that could ripple through global…