US and Japan strike rare earths deal
The United States and Japan have signed a framework agreement to secure the supply of rare earths and critical minerals, aiming to reduce reliance on China’s dominant position in the…
Asia
China played key role in gold’s rally: Apollo
China has emerged as a key catalyst behind gold’s record-setting rally this year, according to Torsten Sløk, the chief economist at New York-based Apollo Global Management. In a daily newsletter…
Gold price falls on profit-taking
Gold prices fell sharply on Tuesday, recording their biggest one-day drop in more than a decade and halting a powerful rally that had carried the metal to a record high….
Government equity in miners becomes U.S. norm
The Trump administration is ratcheting up government ownership in mining companies that are nominally Canadian, raising questions about whether Ottawa plans similar investments. Trump has ordered his Department of War…
Vale drops plan to build Quebec nickel sulphate facility
Brazilian miner Vale (NYSE: VALE) has scrapped plans to build a C$325 million ($231 million) nickel sulphate facility in Quebec after its sole client put an expansion project on ice….
US builds $1B crit-mins stockpile to defy China: FT
The Pentagon has moved to acquire up to $1 billion worth of critical minerals as part of an accelerated stockpiling drive aimed at reducing U.S. dependence on China, the Financial…
Video: In a ‘perfect storm,’ Asia now sets gold’s moves
Gold’s price setting has moved from the West to the East since March – a shift that shows the United States is losing control over gold and possibly other financial…
Freeport says all missing workers at Grasberg have died
Freeport-McMoRan (NYSE: FCX) said all seven workers who went missing at the Grasberg copper mine in eastern Indonesia during a mudslide that halted production at the site last month have…
Silver squeeze nears end game, TD analyst says
Investors bracing for the next big silver squeeze may soon get their wish, according to TD Securities, as the bank sees the market approaching a tipping point due to the…
JV Video: Japan Gold drills under cover as Barrick exits
Japan Gold (TSXV: JG; US-OTC: JGLDF) is testing buried epithermal targets across a district-scale portfolio in Japan after completing three Barrick Mining (TSX: ABX; NYSE: B) -backed scout programs, CEO…
Japan Gold shares plunge as Barrick alliance ends
The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX; NYSE: B) is coming to an end after more than five years and C$23 million ($17 million)…
Indonesia halts Grasberg to seek trapped workers
Indonesia’s government has reached an agreement with Freeport Indonesia to halt operations at the Grasberg mine to prioritize the search for workers trapped after a recent accident, Reuters reported, citing…