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China to overtake Australia as world's top lithium miner by 2026, Fastmarkets says teaser image

China to overtake Australia as world's top lithium miner by 2026, Fastmarkets says

LAS VEGAS, June 25 (Reuters) - China by next year will overtake Australia as the world's top miner of the battery metal lithium, according to a forecast from consultancy Fastmarkets, and its market prowess is expected to grow through 2035 even as many Chinese producers remain unprofitable.

Jun 27, 2025 - 3:29 PM

TSX notches record high as metal mining shares climb teaser image

TSX notches record high as metal mining shares climb

Jun 27, 2025 - 3:18 PM

Silver will surge, gold reserves eclipse Euro, and Wheaton Projects major growth - Smallwood teaser image

Silver will surge, gold reserves eclipse Euro, and Wheaton Projects major growth - Smallwood

Jun 24, 2025 - 5:34 PM

India restricts import of gold infused metals teaser image

India restricts import of gold infused metals

Jun 20, 2025 - 4:13 PM

Niger to nationalize Somair uranium venture operated by Orano teaser image

Niger to nationalize Somair uranium venture operated by Orano

Jun 20, 2025 - 10:32 AM

ArcelorMittal signs deal to sell steel mill and iron ore mine in Bosnia teaser image

ArcelorMittal signs deal to sell steel mill and iron ore mine in Bosnia

Jun 20, 2025 - 10:30 AM

Nippon Steel CEO sees no risk to management plans from US golden share

TOKYO, June 19 (Reuters) - The U.S. government's ownership of a golden share in U.S. Steel will not block Nippon Steel (5401.T), opens new tab from taking any management action that it deems appropriate, the Japanese steelmaker's CEO said on Thursday.

Jun 19, 2025 - 12:56 PM

ArcelorMittal in talks over sale of Bosnia steel mill and iron ore mine

ArcelorMittal, the world’s second-largest steelmaker, is in talks over the possible sale of its steel mill and iron ore mine in Bosnia and Herzegovina to a Bosnian company, local media reported on Thursday.The Luxembourg-based company owns the steel mill in the central town of Zenica and the iron ore mine in the northwestern town of Prijedor, which together employ about 2,700 people.

Jun 19, 2025 - 11:25 AM

Rare earth access is the European Union’s priority at China summit

European Union leaders will use a summit with China next month to seek better access to Chinese rare earths and critical minerals, four sources familiar with the plans said, as the two sides tackle an array of tariff-related issues.For years, China has had a near monopoly on rare earth production. It increased its export controls on the minerals, in demand from automakers, the defence industry and producers of renewable energy, following the tariffs announced by US President Donald Trump on April 2.

Jun 19, 2025 - 11:22 AM

Peru copper output up nearly 8% in April teaser image

Peru copper output up nearly 8% in April

Copper output in Peru, the world’s third-largest producer of the red metal, rose 7.91% year-on-year in April to 220,261 metric tons, the Energy and Mines Ministry said on Wednesday.The April increase was mainly due to stronger output from Southern Copper, whose output was up 2.8% year-on-year, and MMG Ltd’s Las Bambas, which surged 74.5%, the ministry said.Peru’s copper production is expected to rise slightly this year to around 2.8 million tons, Energy and Mines Minister Jorge Montero said in early June.(By Marco Aquino; Editing by Brendan O’Boyle)

Jun 19, 2025 - 10:22 AM

Future low-carbon materials projects need $1.6 trillion in funding, report says teaser image

Future low-carbon materials projects need $1.6 trillion in funding, report says

Some $250 billion of financing has been allocated to produce low-carbon materials in heavy emitting sectors such as chemicals, fuels and metals, but future low-carbon materials projects will need more than five times the level of current funding, a report said on Thursday.Newly industrialized countries such as Indonesia and Morocco have already secured a fifth of the $250 billion investment in clean industrial plants so far, the report by the Mission Possible Partnership said.

Jun 19, 2025 - 10:19 AM

Oklahoma strives to become American hub for critical minerals processing teaser image

Oklahoma strives to become American hub for critical minerals processing

LAWTON, Oklahoma, June 18 (Reuters) - Nestled beneath Oklahoma's Wichita Mountains sits a two-story warehouse containing the only machine in the United States capable of refining nickel, a crucial energy transition metal now dominated by China.The facility, owned by startup Westwin Elements, aims to help Oklahoma become the epicenter for U.S. critical minerals processing, a sector the country largely abandoned decades ago.

Jun 18, 2025 - 4:11 PM

US looks to impose fresh steel, aluminum tariff quota on UK teaser image

US looks to impose fresh steel, aluminum tariff quota on UK

The US intends to impose a quota on steel and aluminum imports from the United Kingdom that would be exempt from 25% tariffs as part of deal announced between the two countries during the G7 Summit on Monday.The quota plan is conditioned upon the United Kingdom’s meeting certain requirements on the security of steel supply chains and the ownership of relevant production facilities, according to an executive order released by the White House.(By Jarrett Renshaw and Andrea Shalal; Editing by Leslie Adler)

Jun 17, 2025 - 3:44 PM

Mali starts construction of Russia-backed gold refinery teaser image

Mali starts construction of Russia-backed gold refinery

Mali began construction of a new Russia-backed gold refinery on Monday, which the West African country’s military leader said would take it closer to asserting control over its natural resources.The 200-ton capacity facility, in which Mali has a controlling stake, will be built in partnership with Russia’s Yadran Group and a Swiss investment company.Mali’s interim president Colonel Assimi Goita said last year that all mining companies will be required to process their gold domestically under a revised mining code, without providing a deadline.

Jun 17, 2025 - 3:43 PM

Hindustan Zinc approves $1.39 billion project teaser image

Hindustan Zinc approves $1.39 billion project

Hindustan Zinc, India’s biggest producer of the refined metal, has approved a project worth 120 billion rupees ($1.39 billion) to ramp up capacity, the miner said on Tuesday.The company will set up a metals complex with 250 kilo tonnes (kt) per annum capacity, at a location in the northern Indian state of Rajasthan where it already operates a zinc smelter.

Jun 17, 2025 - 3:34 PM

Daimler Truck says rare earth supply concerns have led to more inventory building teaser image

Daimler Truck says rare earth supply concerns have led to more inventory building

Obstacles to the supply of key raw materials from China have prompted truckmaker Daimler Truck to increase its inventories in the short term, CEO Karin Radstrom told reporters after a conference in Gothenburg on Tuesday.Radstrom said the chip crisis during the Covid-19 pandemic had already shown that vehicle manufacturing could no longer rely as heavily on just-in-time deliveries.The German truck manufacturer had since increased its inventory levels, for example of semiconductors, even if this tied up more capital, she said.

Jun 17, 2025 - 3:33 PM

Gold mining companies in Ghana, Ivory Coast resist tax hikes teaser image

Gold mining companies in Ghana, Ivory Coast resist tax hikes

Gold miners operating in Ghana and Ivory Coast are refusing to comply with tax increases imposed this year, saying the new regulations flout their existing licence agreements, industry sources told Reuters.Countries across West Africa have been taking advantage of soaring gold prices to increase mining taxes and raise additional revenue to plug gaping budget deficits and ease high debt levels.

Jun 16, 2025 - 3:18 PM

Giyani Metals receives loan interest from US EXIM for Botswana manganese project teaser image

Giyani Metals receives loan interest from US EXIM for Botswana manganese project

Giyani Metals said on Monday it had received a letter of interest from the Export-Import Bank of the United States (EXIM) for a loan of up to $225 million to help build its manganese project in Botswana.If approved, the loan will support the construction of Giyani’s K.Hill project, which will produce battery-grade manganese used in electric vehicles, the company said.The funding is part of the US effort to reduce its reliance on critical minerals from China.(By Sumit Saha; Editing by Shreya Biswas)

Jun 16, 2025 - 3:06 PM

Debswana to approach capital markets to fund Jwaneng underground project teaser image

Debswana to approach capital markets to fund Jwaneng underground project

Botswana’s Debswana Diamond Company is looking to international capital markets to help fund its $6 billion Jwaneng underground project, a director said on Monday, as dwindling revenues have limited its ability to finance capital projects.Despite the downturn in the global diamond market since the second half of 2023, the company is pressing ahead with its plan to prolong the lifespan of its flagship Jwaneng mine to 2054 by converting it into an underground operation, managing director Andrew Motsomi said at a mining conference in the capital Gaborone.

Jun 16, 2025 - 2:39 PM