Mining

Gold price is starting to go ‘parabolic here’ & this could be just the start, says David Erfle

(Kitco News) - Gold prices have rocketed past $3,200 an ounce as geopolitical tensions, economic uncertainty, and aggressive trade policy from the U.S. push investors into safe-haven assets, according to David Erfle, founder of JuniorMinerJunky.com.

Apr 16, 2025 - 1:32 PM

China urges US to follow international law on reported deep-sea metals stockpile plan

No country should bypass international laws to authorize resource exploration in the seabed, China’s foreign ministry said on Monday, following a report of US plans to stockpile deep-sea metals to counter China’s dominance in the sector.The Trump administration is drafting an executive order to enable stockpiling of deep-sea metals found on the Pacific Ocean seabed to counter China’s dominance of battery minerals and rare earth supply chains, the Financial Times reported on Saturday, citing people familiar with the matter.

Apr 14, 2025 - 5:54 PM

Ghana orders foreigners to exit gold market by April 30

Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling.Africa’s leading gold producer is shifting away from a system in which local and foreign companies with export licenses can buy and export gold from artisanal or small-scale mining.

Apr 14, 2025 - 5:53 PM

China to keep building coal plants through 2027, state planner says

China plans to keep building coal-fired power plants through 2027 in regions where they are needed to meet peak power demand or stabilise the grid, according to government guidelines for upgrading the coal power system released on Monday.That policy may raise questions about China’s commitment to phasing down coal use during the 2026-2030 period, although it says new coal projects are considered a back-up for renewable generation whose output depends on sunlight and wind conditions.

Apr 14, 2025 - 5:39 PM

Goldman Sachs cuts aluminium price forecast on weaker growth outlook

April 14 (Reuters) - Goldman Sachs on Monday reduced its forecast for aluminium prices this year after its economists downgraded global growth forecasts including for the U.S. and China following the Trump administration's move to sharply increase tariffs.

Apr 14, 2025 - 10:32 AM

Copper output from Codelco slips 6% in February

Copper production from Chilean state-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons.Codelco is the No. 1 miner of the red metal globally, but has struggled to boost declining output in recent years.Meanwhile production at BHP’s Escondida mine, the world’s largest copper mine, leaped 16%, climbing to 113,400 tons.At Collahuasi, another major copper mine jointly run by Glencore and Anglo American, output slid 62% to just 17,000 metric tons.

Apr 11, 2025 - 11:59 AM

Panama government says First Quantum withdraws arbitrations

Panama’s government on Wednesday said it had received formal confirmation of the withdrawal of the arbitrations against the country filed by Canadian miner First Quantum Minerals following the closure of the Cobre Panama mine at the end of 2023.(By Elida Moreno; Editing by Aida Pelaez-Fernandez)

Apr 10, 2025 - 2:14 PM

Copper smelting activity fell sharply in March, satellite data shows

Global copper smelting activity fell sharply in March to the weakest reading so far in 2025 as some smelters in the world’s top copper refiner China entered the usual maintenance season early, data from satellite surveillance showed on Thursday.Earth-i, which specializes in observational data, tracks smelters representing up to 95% of global production for its SAVANT service and sells data to fund managers, traders and miners.Last month, an average of 12.6% of global copper smelter capacity monitored was inactive, up from 8.8% in February, the company said in a statement.

Apr 10, 2025 - 2:12 PM

Sayona-Piedmont merger forms Elevra Lithium with equal board representation

The combined company following Australia-based Sayona Mining’s deal to buy Piedmont will be known as Elevra Lithium and its board will have four nominees from each of the two firms, the miners said on Thursday.Lithium companies have been reeling from low prices as rapid supply growth has outpaced strong demand projections amid a slower-than-expected uptake of electric vehicles.In November, Sayona said the all-stock deal for US-based Piedmont will help to consolidate its Canadian operations and strengthen its exposure to the North American electric vehicle sector.

Apr 10, 2025 - 2:11 PM

Trump’s changing stance on Nippon Steel bid adds confusion, sends US Steel shares lower

Donald Trump’s latest shift on Nippon Steel’s $14 billion bid for US Steel sent shares of the 124-year-old American company down 7% on Thursday, after Trump said a day earlier that he does not want the steel producer to “go to Japan.”

Apr 10, 2025 - 2:09 PM

Mining

Gold price is starting to go ‘parabolic here’ & this could be just the start, says David Erfle

Ukraine, US make ‘substantial progress’ on minerals deal, Kyiv says

Lower silver demand and higher supply to reduce global deficit by 21% in 2025

Sandvik says no tariff hit on demand so far, after profit miss

Peru copper output flat at 216,955t in February

Impossible Metals seeks mining lease near American Samoa

Chile, Canada and Peru push back against Trump copper tariff probe

B2Gold to cut 300 jobs in Namibia this year

LME approves its first four warehouses in Hong Kong

Copper market caught between Trump's twin tariff threats

India’s polished diamond exports hit two-decade low, industry group says

China urges US to follow international law on reported deep-sea metals stockpile plan

Ghana orders foreigners to exit gold market by April 30

China to keep building coal plants through 2027, state planner says

Goldman Sachs cuts aluminium price forecast on weaker growth outlook

Copper output from Codelco slips 6% in February

Panama government says First Quantum withdraws arbitrations

Copper smelting activity fell sharply in March, satellite data shows

Sayona-Piedmont merger forms Elevra Lithium with equal board representation

Trump’s changing stance on Nippon Steel bid adds confusion, sends US Steel shares lower