Reuters

Author Image

contributor

Reuters

Latest

Antofagasta’s Zaldivar mine in Chile secures environmental approvals through 2028

Antofagasta’s Zaldivar copper mine in Chile has obtained an environmental approval from local authorities to extend operations through 2028, the London-listed miner said on Thursday.“Thanks to this resolution, Minera Zaldivar will be able to operate with the same water source it uses today until 2028. This allows us to continue advancing in studies that aim to enable Minera Zaldivar’s operations until 2051,” CEO Ivan Arriagada said in a statement.(By Daina Beth Solomon; Editing by Kylie Madry)

May 16, 2025 - 5:02 PM

China’s Shenghe Resources to buy Australia’s Peak Rare Earths for $97M

Peak Rare Earths said on Thursday that China’s Shenghe Resources will acquire the Australian firm for A$150.5 million ($96.62 million), in addition to the full amount raised under Peak’s proposed A$7.5 million entitlement offer.Peak Rare Earths is currently developing the Ngualla project in Tanzania, host to one of the largest, highest-grade and lowest-cost neodymium praseodymium (NdPr) deposits in the world.($1 = 1.5576 Australian dollars)(By Nichiket Sunil; Editing by Sherry Jacob-Phillips)

May 16, 2025 - 3:16 PM

G7 business leaders urge removal of trade barriers

OTTAWA, May 16 (Reuters) - Business leaders from the Group of Seven advanced economies urged member countries to lift trade restrictions and invest in critical minerals to reduce supply chain vulnerabilities, a communique released on Friday showed.

May 16, 2025 - 3:01 PM

US consumer sentiment slumps, households brace for inflation surge

WASHINGTON, May 16 (Reuters) - U.S. consumer sentiment deteriorated further in May, with one-year inflation expectations soaring to levels last seen in late 1981 amid escalating fears over the economic impact of President Donald Trump's trade policy.

May 16, 2025 - 2:59 PM

Gold players keep faith despite trade truce-induced correction

May 16 (Reuters) - Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal.Spot gold was trading around $3,180 an ounce on Friday, leaving prices on track for their worst week in six months.The U.S. and China agreed to a truce over the harsh tit-for-tat tariffs they announced in April, prompting a surge in risk sentiment and denting the need for safe-haven assets such as gold.

May 16, 2025 - 2:29 PM

Mali hearing on Barrick’s Loulo-Gounkoto mines postponed to May 22

A Malian court hearing scheduled for Thursday on whether to put Barrick Mining’s Loulo-Gounkoto mining complex under provisional administration has been postponed to May 22, the president of the court said on Thursday.Barrick Mining, previously called Barrick Gold, and Mali’s government have been at odds since 2023 over the implementation of a new mining code that raises taxes and gives Mali’s government a greater share in the gold mines.

May 16, 2025 - 11:33 AM

Guinea repossess 51 mining licences, information minister says

Guinea’s military government has taken back 51 mining licences as it steps up efforts to repossess claims or concessions where operations have either not been launched or where it says permits are being underutilised, its information minister said.Reuters first reported that the government planned to cancel the licences on Thursday.Fana Soumah announced in a televised address late Thursday night that Guinea’s military ruler Mamady Doumbouya had signed the repossession decree, which covers bauxite, gold, diamond, graphite and iron concessions.

May 16, 2025 - 11:25 AM

US considers more Chinese companies for 'entity list,' source says

WASHINGTON, May 15 (Reuters) - The U.S. Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its restricted export list, a person familiar with the matter said.

May 16, 2025 - 11:00 AM

Cooling trade tensions set gold on track for worst week since November

May 16 (Reuters) - Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetite from the U.S.-China trade agreement weighed on the market.

May 16, 2025 - 10:47 AM

Wall Street builds on strong weekly showing as trade, inflation jitters ease

May 16 (Reuters) - Wall Street's main indexes opened higher on Friday, building on this week's gains fueled by a U.S.-China tariff truce and tamer inflation data, while a vote on President Donald Trump's sweeping tax legislation was also in focus.

May 16, 2025 - 10:19 AM

US dollar set for fourth straight weekly rise against euro and yen

May 16 (Reuters) - The dollar was heading for a fourth straight weekly rise against the yen and the euro but remained significantly below its level from before April 2, when U.S. President Donald Trump announced aggressive tariffson imports.

May 16, 2025 - 10:12 AM

US import prices unexpectedly rise in April

WASHINGTON, May 16 (Reuters) - U.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products.

May 16, 2025 - 10:07 AM

Tariff cuts ease mass China layoffs threat, but job market pain persists

BEIJING, May 16 (Reuters) - Chinese worker Liu Shengzun lost two jobs in just one month as U.S. import tariffs shot up to triple digits in April, forcing a Guangdong lighting products factory, and then a footwear maker, to reduce output.

May 16, 2025 - 9:33 AM

Asia Gold: Price pullback spurs gold demand in top Asian hubs

May 16 (Reuters) - Physical gold demand improved across most key Asian hubs this week as a pullback in global prices sparked buying interest among consumers.This week, Indian dealers were offering a discount of up to $34 an ounce over official domestic prices – inclusive of 6% import and 3% sales levies - compared to last week's discount of up to $16.

May 16, 2025 - 8:58 AM

U.S. recession no longer likely after trade truce, says Barclays

LONDON, May 16 (Reuters) - Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday.

May 16, 2025 - 8:36 AM

US equities attract first inflows in five weeks - BofA

LONDON, May 16 (Reuters) - U.S. equity funds received their first inflows in five weeks in the week to Wednesday, Bank of America Global Research said on Friday, as investors returned to U.S. assets when trade tensions started to ease.U.S. equities saw $19.8 billion of inflows, BofA said citing data from EPFR, while European and Japanese stocks attracted inflows for the fifth straight week. Emerging market stocks saw outflows for the third straight week.European equities are on track for $110 billion of inflows this year, added BofA, the largest since 2015.

May 16, 2025 - 8:35 AM

Dollar drops with US yields after data, set for fourth weekly rise vs euro

May 16 (Reuters) - The dollar fell in tandem with U.S. Treasury yields on Friday after downside surprises on U.S. economic data this week cemented bets of more Federal Reserve rate cuts this year.

May 16, 2025 - 8:33 AM

Gold slips, heads for worst week in six months on easing trade tensions

May 16 (Reuters) - Gold prices dropped more than 2% on Friday and were heading for their worst week in six months, as an overall higher dollar and a temporary U.S.-China trade agreement dented demand for the safe-haven metal among investors.Spot gold was down 1.9% to $3,178.06 an ounce as of 1136 GMT. Bullion has lost more than 4% so far this week and is set for its worst weekly performance since November 2024.U.S. gold futures fell 1.4% to $3,180.90.

May 16, 2025 - 8:25 AM

Coinbase warns of up to $400 million hit from cyberattack

May 15 (Reuters) - Coinbase (COIN.O), opens new tab forecast a hit of $180 million to $400 million from a cyberattack that breached account data of a "small subset" of its customers, the crypto exchange said in a regulatory filing on Thursday.The company received an email from an unknown threat actor on May 11, claiming to have information about certain customer accounts as well as internal documents.

May 15, 2025 - 6:30 PM

China’s output cap to underpin aluminium despite trade wars

Weakness in aluminium demand linked to trade tensions will likely weigh on prices this year, but a longstanding cap on Chinese output could limit losses, analysts said.Prices of aluminium rose 7% last year, have fallen 2% on the London Metal Exchange (LME) CMAL3 so far this year after US President Trump imposed tariffs.China accounts for about 60% of global production of aluminium, used in transport, green energy and construction. Its output is constrained by a government cap of 45 million tons per year, a limit introduced in 2017 to curb overcapacity.

May 15, 2025 - 3:44 PM

Reporters

Contributors