Mining

China pledges to control steel output during 2026-2030 period teaser image

China pledges to control steel output during 2026-2030 period

China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030.In 2021, the world’s largest steel producer and consumer put an end to growth in crude steel output as part of a plan to limit carbon emissions.The mandated output control also came as domestic steel consumption was hit by a protracted property market downturn, which left the industry plagued with overcapacity.

Dec 29, 2025 - 2:34 PM

Codelco, SQM kick off lithium tie-up with board meeting teaser image

Codelco, SQM kick off lithium tie-up with board meeting

Dec 29, 2025 - 2:26 PM

China’s November net gold imports via Hong Kong more than doubled from October teaser image

China’s November net gold imports via Hong Kong more than doubled from October

Dec 29, 2025 - 2:21 PM

Nornickel believes 2026 will bring dividends, CEO says teaser image

Nornickel believes 2026 will bring dividends, CEO says

Dec 29, 2025 - 2:07 PM

Congo halts artisanal copper and cobalt processing amid corruption crackdown teaser image

Congo halts artisanal copper and cobalt processing amid corruption crackdown

Dec 26, 2025 - 11:41 AM

Capstone Copper’s Chilean workers ready to strike if mediation fails teaser image

Capstone Copper’s Chilean workers ready to strike if mediation fails

Dec 26, 2025 - 11:38 AM

China to rein in copper, alumina capacity expansion under next five-year plan

China will tighten oversight of new copper and alumina projects to curb irrational investment and disorderly expansion from 2026 to 2030, the country’s top economic planner said on Friday.In an article on its website, the National Development and Reform Commission (NDRC) said local governments must strengthen feasibility studies for major projects and align their approvals with national industrial policy.

Dec 26, 2025 - 11:27 AM

Congo halts artisanal copper and cobalt processing amid corruption crackdown

Democratic Republic of Congo has suspended artisanal copper and cobalt mineral processing, according to a decree seen by Reuters, in an effort to improve transparency and prevent illegal exports, a pervasive problem in the mineral-rich nation.Congo, the world’s top cobalt supplier contributing around 70% of global output, has wrestled for decades with illegal, artisanal mining that diverts revenue away from the nation’s coffers.

Dec 24, 2025 - 2:08 PM

SolGold agrees to $1.2 billion takeover by top investor Jiangxi Copper

Dec 24 (Reuters) - Gold and copper miner SolGold (SOLG.L), opens new tab said on Wednesday it had agreed to be acquired by its largest shareholder Jiangxi Copper (600362.SS), in a deal valuing it at 867 million pounds ($1.17 billion).The 28-pence-per-share deal represents an almost 43% premium to Ecuador-focused SolGold's closing price on November 19, the day before Jiangxi first approached the company for a deal.SolGold's shares closed marginally higher at 25.65 pence in a holiday-shortened trading session on Wednesday.

Dec 24, 2025 - 11:06 AM

Argentina’s tax break program approves $665M gold mine project teaser image

Argentina’s tax break program approves $665M gold mine project

Argentina’s RIGI tax break scheme committee has approved a $665 million gold and silver mining project in the South American nation’s western San Juan province, Economy Minister Luis Caputo said on Tuesday, the tenth project to be approved under the scheme.The incorporation of the Gualcamayo project, which would extend the life of the existing mine and employ some 1,700 people, brings the total investment in projects approved under the RIGI program to $25 billion, Caputo said on social media.(By Walter Bianchi; Editing by Natalia Siniawski)

Dec 24, 2025 - 10:50 AM

Rio Tinto to change index for some iron ore settlement, client notice teaser image

Rio Tinto to change index for some iron ore settlement, client notice

The world’s largest iron ore supplier, Rio Tinto, plans to replace the index used for settlement for shipments to China in January and February, according to a client notice reviewed by Reuters and a trader with knowledge of the matter. The Australian miner sent emails to Chinese clients notifying them that Fastmarkets MB’s iron ore indices will replace Platts indices for settlement of iron ore shipments in the first two months of 2026, according to the notice and the trader.

Dec 24, 2025 - 10:49 AM

Indonesia plans to fine palm oil growers, miners $8.5B for forest encroachment teaser image

Indonesia plans to fine palm oil growers, miners $8.5B for forest encroachment

Indonesia has identified potential fines amounting to $8.5 billion that the government could collect in 2026 from palm oil companies and miners operating illegally in forest areas, the country’s attorney general said on Wednesday.President Prabowo Subianto’s forestry task force, made up of military personnel, police, prosecutors and government officials, has this year cracked down on an unprecedented scale on plantations and mines in what authorities say were supposed to be forest areas.

Dec 24, 2025 - 10:40 AM

Bauxite boom pollutes water and crops in Guinea teaser image

Bauxite boom pollutes water and crops in Guinea

Tala Oury Sow has to wash her kitchen utensils and clothes in brown, murky water in the village of Koussadji in Guinea’s western Kindia region.“Do you think we can cook and wash with this? We have no other choice,” the 28-year-old farmer said, gesturing to the water she collected from a nearby river, 500 metres (550 yards) from her home in the Telimele prefecture of the West African nation.Sow blames the state of the water on the Indian mining company Ashapura Minechem, which opened a bauxite mine about 2 km from Koussadji in 2019.

Dec 23, 2025 - 1:20 PM

Congo collects samples for CMOC’s first cobalt shipment teaser image

Congo collects samples for CMOC’s first cobalt shipment

Democratic Republic of Congo has begun collecting samples in preparation for Chinese company CMOC’s first cobalt shipment under a new quota system, expected to take place in the coming days, two government sources told Reuters.Congo accounts for more than 70% of global mined cobalt production that is estimated by analysts at around 280,000 metric tons this year. But a months-long export ban has driven cobalt prices sharply higher and squeezed availability of the metal needed for electric vehicles.

Dec 23, 2025 - 12:11 PM

Alrosa flags smaller-than-expected decline in annual diamond output teaser image

Alrosa flags smaller-than-expected decline in annual diamond output

Russian diamond producer Alrosa said on Tuesday that its 2025 output would amount to 29.7 million carats, beating its previous forecast but down 10% on last year.CEO Pavel Marinychev said in a statement that the company remained profitable despite Western sanctions and a downturn in the global diamond market. He did not specify the level of profits.

Dec 23, 2025 - 12:08 PM

Disruption and dislocation: LME metals’ year in seven charts teaser image

Disruption and dislocation: LME metals’ year in seven charts

Supply disruption and tariff dislocation have defined the London Metal Exchange (LME) base metals complex this year.The demand picture is far from rosy, but supply-chain stress has still lifted the LME Index, a basket of the exchange’s six base metals contracts, to its highest level since the all-time peak in 2022.That was the year Russia invaded Ukraine.This year’s turbulence has come from a different direction, as markets navigate US President Donald Trump’s topsy-turvy tariff world.

Dec 23, 2025 - 12:03 PM

Chile regulator approves Codelco-SQM lithium deal hours after announcing audit teaser image

Chile regulator approves Codelco-SQM lithium deal hours after announcing audit

Chile’s comptroller on Friday approved, with some guidelines, an agreement between state copper giant Codelco and local miner SQM to operate a joint lithium venture in the Atacama salt flat.The resolution comes hours after the top regulator announced it would launch an “unprecedented audit in response to complaints from members of parliament regarding the Codelco-SQM agreement.”

Dec 22, 2025 - 12:51 PM

ERG signs long-term gallium supply deal with Mitsubishi teaser image

ERG signs long-term gallium supply deal with Mitsubishi

Mining group Eurasian Resources Group has signed a long-term deal to supply gallium to Mitsubishi Corporation RtM Japan Ltd, a subsidiary of Japanese trading house Mitsubishi Corp, it said on Saturday.Kazakhstan, which currently produces no gallium, is set to become the world’s second-largest producer of this critical mineral after China once ERG starts production in the third quarter of 2026.

Dec 22, 2025 - 12:50 PM

Dalian iron ore extends gains on tight BHP supply, firmer hot metal production teaser image

Dalian iron ore extends gains on tight BHP supply, firmer hot metal production

Dalian iron ore futures extended gains to a fifth session on Monday on tight supply of BHP’s Jimblebar and Jingbao fines, while firmer blast furnace hot metal production in China also lent support.The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 gained 0.58% to 781.5 yuan($111.01) a metric ton.The benchmark January iron ore SZZFF6 on the Singapore Exchange was 0.05% lower at $104.65 a ton, as of 0710 GMT.

Dec 22, 2025 - 12:31 PM

Glencore buys majority stake in Dutch fuel company FincoEnergies teaser image

Glencore buys majority stake in Dutch fuel company FincoEnergies

Global commodities trader and miner Glencore (LON: GLEN) has agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed sum, the Dutch company said on Monday.Glencore will use the deal to expand its footprint in Northwest European fuel markets, industry sources said. Finco is a major player in the Dutch wholesale fuel market and in the region’s biofuels and low-carbon fuel sectors.

Dec 22, 2025 - 12:23 PM