Mining

    Gold's selloff is just a pause in a secular bull market, miners now undervalued - Ninepoint's Wachowiak teaser image

    Gold's selloff is just a pause in a secular bull market, miners now undervalued - Ninepoint's Wachowiak

    (Kitco News) - Gold investors shouldn't mistake the precious metal's sharp correction for the start of a new bear market, according to one portfolio manager, who argues that the long-term fundamentals remain intact and the recent weakness has created an attractive buying opportunity across both bullion and mining equities.

    Kitco Mining Channel

    Fire hits acid plant at S. Korean zinc smelter, report says

    A fire broke out in a sulphuric acid production unit at a South Korean zinc smelter on Thursday, the Maeil Business newspaper reported.The blaze at Young Poong’s Seokpo smelter in North Gyeongsang province was extinguished around an hour after it started at 12:36 local time (03:36 GMT), the report said, adding that there had been no casualties or toxic gas leaks.The Seokpo smelter has capacity to produce 400,000 metric tons per year of zinc ingots, according to its website, although its recent production status is unclear.

    Oil tanker traffic through Hormuz at near standstill on fresh attacks

    Oil tanker traffic through the Strait of Hormuz was at a near standstill on Thursday, according to data and sources, as shipping risks escalated after the U.S. renewed airstrikes on Iran, triggering retaliation by Tehran in the Gulf.Just two tankers had so far sailed through the strait in the early hours of Thursday. They included the crude supertanker Berg 1, which had loaded at Iran’s Kharg Island and is subject to U.S. sanctions, according to analysis from Kpler.

    Ivanhoe sees Congo copper output rising in second half 2026

    Ivanhoe Mines said on Wednesday copper production at its flagship Kamoa-Kakula complex in Democratic Republic of Congo is set to rise in the second half of 2026 as mining rates increase and inventories are drawn down, offering a boost to supply from one of the world’s largest copper operations.Vancouver-based Ivanhoe’s Congo unit is one of the mining industry’s key sources of copper supply growth, as analysts forecast a tighter global market in 2026.The company in April cut its 2026 and 2027 copper output forecasts following seismic disruptions at the Kakula mine.
    India silver import curbs create shortages, push premiums to six-month high teaser image

    India silver import curbs create shortages, push premiums to six-month high

    India’s restrictions on silver imports have created shortages in the world’s biggest market for the precious metal, pushing premiums to their highest levels in six months despite weaker-than-usual demand.Lower imports by India, which meets more than 80% of its silver demand through overseas purchases, could weigh on global prices, while helping narrow the country’s trade deficit and ease pressure on its rupee currency.
    BHP awards over $138M contract to Chinese firm for South Australian expansion project teaser image

    BHP awards over $138M contract to Chinese firm for South Australian expansion project

    BHP on Wednesday awarded a contract worth more than A$200 million ($138.80 million) to China Nerin Engineering to design and supply key processing facilities in South Australia.The contract is a part of BHP’s proposed smelter and refinery expansion project in South Australia, the company said.China Nerin Engineering, a metallurgical engineering design firm, will execute the contract in stages as BHP advances studies on the project ahead of a potential final investment decision (FID) in 2027.
    Kazakh gold miner Solidcore signs first exploration venture in Oman teaser image

    Kazakh gold miner Solidcore signs first exploration venture in Oman

    Kazakh gold miner Solidcore Resources has entered a joint venture agreement with state-owned Minerals Development Oman to explore and develop the Khabiyat copper-gold project in Oman, it said on Tuesday.Solidcore can acquire an up to a 60% stake in the venture in three stages, starting with 20%.The Khabiyat project is the company’s first exploration venture outside Kazakhstan and supports its growth and diversification strategy.“The Khabiyat project represents an important entry point for the company’s further expansion in the region,” CEO Vitaly Nesis said.
    Vale chairman Stieler pushed out by pension fund teaser image

    Vale chairman Stieler pushed out by pension fund

    Brazilian miner Vale said on Monday chairman Daniel Andre Stieler resigned from the role and from his seat on the board of directors, starting immediately.The resignation came after pension fund Previ pushed Vale to call a shareholder meeting to vote on his removal. The meeting was scheduled for July 22.Following the resignation, Vale canceled this agenda item of the shareholder meeting, the miner said in a securities filing.
    Lynas, South Korean magnet maker sign deal for Malaysia factory teaser image

    Lynas, South Korean magnet maker sign deal for Malaysia factory

    Lynas Rare Earths said on Tuesday it has signed a partnership deal with South Korea’s JS Link to develop a magnet factory in Malaysia.The Australian rare-earths producer will also supply rare-earth materials to JS Link’s magnet factory in South Korea and the planned factory in Malaysia until January 2038.The partnership follows a magnet manufacturing deal between the two companies last year.
    CATL secures safety permit to restart production at flagship lithium mine teaser image

    CATL secures safety permit to restart production at flagship lithium mine

    China’s CATL has obtained a safety production permit for its flagship Jianxiawo mine, clearing a key regulatory hurdle to restart production following a suspension that lasted nearly a year. Miningnews subscriptionThe Chinese battery giant secured the permit on June 29, which would be effective until February 27, 2028, according to information posted on Credit China, a state-run website tracking corporate and individual compliance.In August, CATL said it had suspended operations at the Jianxiawo mine in eastern China’s Yichun city when its previous license expired.
    Russian steelmaker Severstal weighs another investment cut teaser image

    Russian steelmaker Severstal weighs another investment cut

    Russian steelmaker Severstal may cut its investment program by another 24% to around 85 billion roubles ($1.1 billion) in 2027 due to falling steel demand, according to a company presentation for investors seen by Reuters on Friday.The measures should help ensure positive free cash flow, the company said.The forecast for 2027 is preliminary and will remain under review until the end of 2026, according to the presentation.
    KGHM is exploring acquisition possibilities outside Europe, CEO says teaser image

    KGHM is exploring acquisition possibilities outside Europe, CEO says

    Poland’s state-controlled copper and silver miner KGHM is exploring potential acquisition opportunities outside Europe under its new strategy, including projects in Morocco, Argentina, Canada and the United States, chief executive Remigiusz Paszkiewicz said on Monday.Overseas assets generated about 48% of KGHM’s core profit in 2025, driven by production at its 55%-owned Sierra Gorda mine in Chile and the Robinson mine in Nevada. Miningnews subscription
    Carester to build rare earths separation plant in Malaysia’s Perak teaser image

    Carester to build rare earths separation plant in Malaysia’s Perak

    French company Carester plans to build a rare earths separation plant in Malaysia’s Perak state as part of its 10-year joint venture with local miner Malaco Mining Group, its chief executive said on Monday.CEO Frederic Carencotte said the partnership was also seeking permission from local authorities to carry out rare earths mining via in-situ leaching in plantation areas in several Malaysian states, without identifying the locations.
    Congo sees no major threat from Middle East crisis to copper, cobalt output teaser image

    Congo sees no major threat from Middle East crisis to copper, cobalt output

    Democratic Republic of Congo does not expect significant disruptions to copper and cobalt production this year due to chemical supply constraints stemming from conflict in the Middle East, a senior mining official told Reuters.The US-Iran conflict that broke out on February 28 and has largely drawn to a halt after last month’s interim peace treaty, has disrupted sulfuric acid supplies, an essential input for copper and cobalt production. Metals& Mining