Mining

Peter Schiff: CME silver halt ‘better than telling the truth’ as prices surge past $90

(Kitco News) - Global financial markets faced a major infrastructure disruption Wednesday as the CME Group was forced to halt electronic trading for metals and natural gas, just as silver prices surged past the $90 per ounce milestone.

Feb 27, 2026 - 9:49 AM

The banks have lost control: Eric Sprott on the $300 silver squeeze and his massive mining sweep

Feb 27, 2026 - 12:53 PM

Kitco Mining Channel

Dubai gold flows curbed as flights halted due to US-Israeli strikes on Iran

Physical gold flows to and from Dubai’s bullion trading hub will be severely curbed in coming days as airlines cancel flights due to US and Israeli strikes on Iran and Tehran’s retaliation, three metals industry sources said.Dubai’s trading hub is a major gold supplier to Switzerland, Hong Kong and India, a major consumer. Gold travels by plane due to security and insurance issues stemming from its value-to-weight ratio.“It looks like most if not all airlines have cancelled their flights, so not going to be any gold moving for a couple of days,” one of the sources said.

Mar 02, 2026 - 2:23 PM

AIP in talks with Bahrain’s Alba to sell Aluminium Dunkerque

American fund AIP and Bahrain-based industrial group Alba have entered exclusive talks regarding the sale of Europe’s largest smelter Aluminium Dunkerque, the companies said on Monday.Alba aims to buy all shares of Aluminium Dunkerque, while preserving personnel numbers and strengthening low-emission production, it said in the joint statement.The price of the potential acquisition has not been disclosed.Aluminium Dunkerque produces roughly 300,000 metric tons of aluminum per year.

Mar 02, 2026 - 1:27 PM

Malaysia renews Lynas Rare Earths operating licence for 10 years

Malaysia renewed Australian miner Lynas Rare Earths’ operating licence for 10 years on Monday to import raw materials containing natural radioactive material and process rare earths.Shares of the world’s largest producer of rare earths outside China closed 5.4% higher after rising as much as 7% earlier in the day to A$20.30, their highest since October 21, 2025. The broader ASX 200 benchmark ended largely flat.

Mar 02, 2026 - 1:19 PM

Rio Tinto to restart $473M South African mineral sands project

Rio Tinto has approved the restart of Richards Bay Minerals’ $473 million Zulti South project in South Africa, the company said on Monday, six years after halting the venture due to community unrest.Richards Bay Minerals, 74%-owned by Rio Tinto, mines the mineral-rich sands of South Africa’s KwaZulu-Natal province, extracting mostly zircon, rutile, ilmenite and titanium oxide used in the manufacture of paint, sunscreen and smartphones.

Mar 02, 2026 - 1:10 PM

Tony Makuch named Kitco Mining CEO of the Year after Porcupine turnaround

(Kitco News) Tony Makuch, president and CEO of Discovery Silver (TSX: DSV; OTCQX: DSVSF), was named Kitco Mining’s CEO of the Year at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida in February 2026, following a year in which the company repositioned the Porcupine complex in Ontario as a cash-generating growth platform.

Mar 02, 2026 - 11:23 AM

MP Materials swings to Q4 profit on US government price support

Rare earths company MP Materials swung to a fourth-quarter profit, it said Thursday, exceeding analysts’ expectations, driven by its price support agreement with the US government and sale of magnetic material.Rare earths are a group of 17 metals used to make magnets that turn power into motion. That industry is dominated by China, and the US deal with MP Materials in 2025 was designed to loosen that nation’s grip on the materials used to build weapons, electric vehicles and many electronics.

Feb 27, 2026 - 11:25 AM

Argentina’s Senate passes glacier law reform to unlock mining projects

Argentina’s Senate approved on Thursday a reform to the law protecting Andean glaciers, a measure promoted by the libertarian President Javier Milei’s government with the aim to unlock investments by mining companies.The bill, which has been protested by environmental groups, was passed by the Senate with a vote of 40 to 31 as environmental groups protested opposite the Argentina Congress.The reform will now move to the lower house for a vote.

Feb 27, 2026 - 11:21 AM

Northam Platinum’s profit surges on higher metal prices

South Africa’s Northam Platinum on Friday reported a 25-fold surge in its half-year profit, driven by higher metal prices and increased production.The company also unveiled a record interim dividend.Northam’s headline earnings per share came in at 15.24 rand ($0.9583) for the six months that ended on December 31, up from 0.61 rand a year earlier.The Johannesburg-based miner declared a record interim dividend of 7 rand per share, up from 0.15 rand a year earlier.

Feb 27, 2026 - 11:06 AM

Chile’s copper output, manufacturing production decline in January

Copper output in Chile, the world’s largest producer of the metal, fell 3% year-on-year in January to 413,712 metric tons, statistics agency INE said on Friday.Manufacturing production in the Andean nation was down 3.8% in the month on a yearly basis, the agency added.(By Fabian Cambero and Aida Pelaez-Fernandez; Editing by Gabriel Araujo)

Feb 27, 2026 - 11:01 AM

LME launches consultation for proposed rules on position limits

The London Metal Exchange (LME) on Friday issued a consultation paper on proposed changes to rules on position limits to comply with a directive from Britain’s financial regulator.The Financial Conduct Authority currently sets and administers position limits in commodity derivatives to prevent market manipulation and abuse, but this responsibility will pass to the trading venues themselves from July 6.

Feb 27, 2026 - 10:53 AM

Ecuadorean lawmakers pass reform geared at driving mining investment

Ecuador’s National Assembly on Thursday approved reforms proposed by President Daniel Noboa aimed at boosting the nation’s mining sector, but that have been criticized by environmentalists and indigenous groups.The changes include modifications to environmental permitting processes, part of an effort to attract investment to an industry that has struggled to gain traction. The reforms passed with 77 votes in favor, 70 against and four abstentions.

Feb 26, 2026 - 4:14 PM

Lynas posts best interim profit in three years, still misses estimates

Australia’s Lynas Rare Earths reported its best first-half profit in three years on Thursday, helped by higher sales volumes and elevated commodity prices.Beijing’s easing of export controls has helped unwind an earlier supply glut in China, pushing up the domestic benchmark price that underpins sales for much of Lynas’ output.The world’s largest rare earths producer outside China logged a net profit after tax of A$80.2 million ($57.13 million) for the six months ended December 31, far surpassing the A$5.9 million profit reported a year ago.

Feb 26, 2026 - 3:08 PM

BlueScope says revised $10.7B offer does not address valuation concerns

Australia’s BlueScope Steel said on Thursday that the A$15 billion ($10.69 billion) revised proposal from the SGH and US-based Steel Dynamics consortium does not adequately address its valuation concerns.BlueScope’s board said it remains open to a transaction at a price that reflects “the fair value of BlueScope”, while not explicitly mentioning that it is rejecting the revised offer.A letter outlining the board’s assessment and the conditions under which further engagement would be considered has been sent to the consortium, BlueScope said.

Feb 26, 2026 - 1:56 PM

Rare earth shortages worsen in US aerospace, chips despite trade truce

Suppliers to US aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before US President Donald Trump is expected to meet his Chinese counterpart Xi Jinping for a summit in Beijing.The shortages center on rare earths such as yttrium and scandium, niche members of the family of 17 elements, which play tiny but vital roles in defence technology, aerospace and semiconductors and are almost entirely produced in China.

Feb 26, 2026 - 1:35 PM

Mining

Peter Schiff: CME silver halt ‘better than telling the truth’ as prices surge past $90

The banks have lost control: Eric Sprott on the $300 silver squeeze and his massive mining sweep

Vale CEO says mining must become ‘essential to society’ to unlock full value

Alrosa reports net profit in 2025 up 88.3%

China’s January net gold imports via Hong Kong rose almost 69%

Investors seek harbour in gold as US and Israel strike Iran

Kitco Mining Channel

Dubai gold flows curbed as flights halted due to US-Israeli strikes on Iran

AIP in talks with Bahrain’s Alba to sell Aluminium Dunkerque

Malaysia renews Lynas Rare Earths operating licence for 10 years

Rio Tinto to restart $473M South African mineral sands project

Tony Makuch named Kitco Mining CEO of the Year after Porcupine turnaround

MP Materials swings to Q4 profit on US government price support

Argentina’s Senate passes glacier law reform to unlock mining projects

Northam Platinum’s profit surges on higher metal prices

Chile’s copper output, manufacturing production decline in January

LME launches consultation for proposed rules on position limits

Ecuadorean lawmakers pass reform geared at driving mining investment

Lynas posts best interim profit in three years, still misses estimates

BlueScope says revised $10.7B offer does not address valuation concerns

Rare earth shortages worsen in US aerospace, chips despite trade truce