Oil shock could sharply raise mining costs: BMO
If crude hits $100 a barrel, mining costs could rise about 20% for iron ore, 16% for copper and 9% for gold.
Asia
Editorial: The new feasibility
All the largest companies are doing it. Why shouldn’t Canada do it, too? The global mining industry has converged on a single idea: copper is the most important strategic metal….
Middle East conflict jolts energy and metals markets
BMO analysts warn disruptions to oil, chemicals and minerals could reshape commodity markets if tensions persist.
Lynas-Japan deal ‘insulates’ from China rare earth prices
A revised deal between Australia’s Lynas Rare Earths (ASX: LYC; US-OTC: LYSDY) and Japanese customer JARE firms up supplies of heavy rare earths and creates a price floor as a…
Nickel market could turn to deficit amid Indonesia quota
Nickel prices could climb further this year as a global supply shortage caused by top producer Indonesia’s decision to limit its production starts to bite, potentially sending the market into…
Mongolia presses Rio Tinto for bigger Oyu Tolgoi cut
Mongolia is demanding earlier profit payments and a larger share of revenue from the massive Oyu Tolgoi copper mine it co-owns with Rio Tinto (ASX: RIO), reopening negotiations over the…
RANKED: Top 20 automakers by battery metals spending
The global passenger EV market, including plug-in and conventional hybrids, fell short of 30 million units last year, but still showed robust growth of 18% year over year. In combined…
Are oceans the next frontier for uranium?
The hunger for uranium won’t abate anytime soon as the heavy metal’s spot price hovers near two-year-highs, but some geologists warn easy-to-mine reserves are shrinking. Enter what may sound…
Deep-sea mining debate reaches critical global moment
Ocean governance is entering a decisive moment as governments weigh whether to allow deep sea mining in international waters or impose a global moratorium while science and regulations catch up….
Shorter commodity cycles reshaping trading, value: McKinsey
Shorter, more frequent commodity volatility cycles are reshaping global trading strategies and concentrating value among the most sophisticated players, according to new analysis from McKinsey & Company. The report finds…
PDAC Podcast Day 3: Vale Base Metals CEO Shaun Usmar, Rick Rule, PDAC’s Jeff Killeen and more…
This episode marks the Northern Miner Podcast’s third day of coverage from the Prospectors & Developers Association of Canada (PDAC) conference in Toronto. Host Adrian Pocobelli sits down with Vale…
Cameco signs $2.6B uranium supply deal with India
Cameco (TSX: CCO; NYSE: CCJ) signed an estimated $2.6 billion (US$1.9 billion) agreement to supply uranium ore concentrate to India for use in the country’s nuclear reactors. Canadian Prime Minister…