Australia gold output holds near decade average
Australian gold output held around the same level it has averaged over the past decade in the year ended June, even as seismic disruptions at Newmont (NYSE, ASX: NEM; TSX:…
Commodities Markets
Copper mine supply risks first decline since 2017: Sprott
Global mined copper production could fall this year for the first time in nearly a decade even after prices hit records, as disruptions, declining grades and weak Chilean output expose…
Uranium miners race to catch surging nuclear demand
The uranium market is slipping into a structural deficit as surging nuclear demand outpaces the development of new mines. Global uranium exploration and development spending exceeded $1.78 billion in 2023…
Radiant World sues Glencore for $2 billion
Radiant World and Sapphire Minmetals have sued Swiss miner and commodities trader Glencore (LSE: GLEN) in Singapore, seeking $2 billion (C$2.8 billion) in damages. Sapphire Minmetals, which used to be…
Hormuz nat-gas shock revives coal trade: IEA
Almost no coal passes through the Strait of Hormuz, but the Middle East conflict is nevertheless lifting coal trade and prices as restricted liquefied natural gas supplies push some power…
Copper price, miners slide on Trump tariff doubts
Copper prices and U.S. miners plunged Thursday after Reuters reported the White House still hasn’t decided whether to impose tariffs on refined copper as officials weigh support for domestic production…
Chile mines 1/4 of world’s copper, but smelts just 4%
Chile, the world’s largest copper producer, is mining nearly a quarter of global concentrate while smelting just 4.2% of the world’s copper, exposing a widening gap in a supply chain…
Pentagon rare earth push collides with China’s grip
The Pentagon could require enough specialized rare earth magnets by 2030 to absorb nearly half of today’s entire non-Chinese production, highlighting the scale of the challenge facing Washington as it…
Investors buoy gold price as central banks slow
Central-bank gold buying fell by more than half in July even as bullion stayed near record highs, suggesting investment demand is taking on a bigger role in supporting the market….
SW US: New US lithium mines are coming
Albemarle’s (NYSE: ALB) Silver Peak mine in Nevada – the only active lithium resource in the United States – could soon have company. As many as nine new lithium mines…
Baowu eyes stake in BHP’s Jimblebar mine: Reuters
China Baowu Steel Group is exploring an investment in BHP’s (ASX, LSE, NYSE: BHP) Jimblebar iron ore operation in Western Australia, according to people familiar with the discussions cited by…
SW US CEO chat: Capstone devoted to Arizona mine for long haul
Capstone Copper (TSX: CS; ASX: CSC) is committed to modernizing its Pinto Valley open-pit operation in Arizona to lift production and potentially lengthen mine life, CEO Cashel Meagher says. Located…