Ford halts work on US$3.5B EV battery plant with CATL
Ford has pressed the pause button on its US$3.5 billion battery plant in Michigan, only seven months after launching the project with China’s CATL. The decision comes as the U.S’s…
United States
Climate targets threatened by lack of mining investment: McKinsey
Soaring demand for metals and minerals needed to achieve a 45% reduction in global emissions by 2030, paired with low commodity prices driving investors and mining firms to cut spending…
Gates, Bezos-backed KoBold Metals bids to build copper mine in Zambia within 10 years
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, said on Monday that it aims to open a new copper-cobalt mine in Zambia within 10…
Navigating the deep: The Metals Company eyes late 2025 ocean mining start
In the dark waters of the abyssal plain between Mexico and Hawaii lies the expansive Clarion Clipperton Zone (CCZ), where Canadian outfit The Metals Company (NASDAQ: TMC) plans to pioneer…
Copper prices may jump 20%, aluminum by 36% as demand outpaces supply: forecast
Global copper and aluminum supply deficits may cause prices to soar within a few years while steel may drop, according to a new report on metals. A 5.4-million-ton (4.9-million-tonne) copper…
US government mulls 50-year mining ban in northern New Mexico
The US government is proposing to ban mining and oil drilling in northern New Mexico for up to 50 years as part of the Biden administration ongoing efforts to protect Native…
World Gold Council steps up efforts to boost supply chain transparency
The World Gold Council (WGC) says its members, which account for the majority of the world’s top gold producers, have committed to taking steps towards improving the transparency of the supply chain. All…
Hecla eyes early 2024 Lucky Friday restart after underground fire
The U.S.’s biggest silver producer Hecla Mining (NYSE: HL) expects to restart its idled Idaho-based Lucky Friday mine operations early in the New Year after a fire and a groundfall…
Centerra’s prefeasibility for Thompson Creek shows moly asset to be ‘marginal’
Centerra Gold (TSX: CG; NYSE: CGAU) has completed a prefeasibility study for the restart of the Thompson Creek molybdenum mine 48 km southwest of Challis, Idaho. The pit and concentrator…
TNM Drill Down: Cerrado in Argentina leads gold assays for week of Sept. 11-15
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width as identified by our sister company…
Silver and PGMs snapshot: Eight firms seeking the green energy metals
Rising demand for critical minerals for electric vehicles, stricter emission standards for gasoline-driven engines; and a global shift toward greener energy including silver-intensive solar panels are driving exploration for platinum…
First Majestic shares rise as it gets into the minting business
Shares of precious metals producer First Majestic Silver (TSX: FR; NYSE: AG) were up 5% on Friday after it announced it has opened a 100%-owned and operated minting facility in…