Sagging demand drags copper towards 6th straight weekly loss

Copper prices rose on Friday but remained on track for a sixth consecutive weekly loss amid lacklustre demand from top metals consumer China and other markets. Benchmark copper on the London Metal... 

Botswana president insists on bigger share of diamonds from De Beers venture

Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, upping the stakes as talks for a new... 

Gold firms as uncertainty on US debt ceiling keeps investors on edge

Gold prices edged up on Thursday, as investors awaited developments in the drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the US dollar rising to an over... 

Tin prices rise on Myanmar supply worry

Tin prices rose on Thursday on renewed concerns about plans by a major tin producing region in Myanmar to suspend mining later this year. A detailed plan to suspend all mining activities in a... 

BHP-backed Tanzania nickel miner in talks for offtake contracts

BHP Group-backed Lifezone Metals, which is developing a nickel mine in Tanzania, is negotiating supply deals with several electric vehicle manufacturers and battery makers as the race for energy... 

Codelco sees 'urgency' to reach agreement with SQM this year

Chile's State miner Codelco has a sense of "urgency" to reach an agreement with lithium miner SQM this year for a new state-controlled public-private partnership, Chairman Maximo Pacheco said... 

Union at Chile's Centinela copper mine accepts offer to avoid strike

The mine supervisor union for Chile's Centinela mine, operated by mining company Antofagasta, accepted contract negotiations to avoid a strike, the union said on Wednesday. 

Western Australia to compensate Aboriginal group for historic mining damage

Western Australia state has agreed to compensate an Aboriginal group for historic acts including issuing mining leases on their traditional lands, setting a precedent that is set to allow... 

Congo to hike stake in copper, cobalt venture with China

The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo's resources with... 

Subdued demand pushes copper to multi-month low

Copper extended this week's decline on Wednesday, touching an almost six-month low on signs of subdued Chinese demand that analysts expect to pressure prices over the coming days. Benchmark... 

Indonesia to allow exports of five raw minerals despite June ban

 Indonesia will continue shipping some raw minerals for the next year despite a looming export ban, its mining minister told parliament on Wednesday, as companies rush to finish smelters to process... 

Aboriginal group says remediation at Juukan rock shelters has begun

The Aboriginal group whose rock shelters Rio Tinto destroyed for an iron ore mine three years ago said remediation efforts have begun at the site under a co-management model that gives them more... 

Mining firms' cash-raising lifts Toronto exchange deals slow

The one bright spot in Canadian equity capital markets this year has been mining and metals companies. But whether that’s a glass half full or half empty for this sector is up for debate. Firms in... 

Chinalco expects to start Peru copper mine expansion no later than end-June

The Peruvian unit of Chinese firm Chinalco should start construction on its delayed $1.3-billion expansion project at the Toromocho copper mine in southern Peru by the end of June, the division's... 

Allkem, set for merger, talks up Argentina's 'enormous' lithium riches

Australian-based lithium miner Allkem, set for a $10.6-billion merger with US-based Livent, sees "enormous" opportunity in Argentina, a top executive said on Tuesday. Speaking at a mining event in... 

Union at Chile's Centinela copper mine opts to extend talks

The mine supervisor union for Chile's Centinela mine, operated by mining company Antofagasta, decided to extend negotiations to avoid a strike, the union said on Monday. The union said in a... 

Copper pressured by poor demand prospects and higher supply

Copper prices fell on Monday as the market focused on a deteriorating demand picture in top consumer China, rising supplies and climbing inventories in LME-approved warehouses. Benchmark copper... 

Polymetal plays down scope of sanctions as London-listed shares tank

Gold producer Polymetal International sought to play down the impact of US sanctions on its Russian operations as its London-listed shares tanked on Monday, emphasising that the restrictions did... 

US Forest Service pauses timeline for Rio Tinto Arizona copper mine

The US Forest Service has told a federal court it is not sure when it could approve a land swap allowing Rio Tinto to develop the Resolution Copper mine in Arizona, a surprising reversal that... 

Chile's State miner launches subsidiaries to manage lithium takeover plan

Chilean State miner Codelco, the world's largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to increase state... 

G7 brings gas investments back in 'temporary' solution, to dismay of climate activists

 The Group of Seven rich nations put support for gas investments back into their communique on Saturday, calling it a "temporary" step as they try to de-couple from Russian energy, in a move... 

China April coal output eases from record high in March

 China's average daily coal production dipped in April from a record level a month ago, official data showed on Tuesday, as some miners trimmed output because of harsh weather and as demand fell.... 

Vale gets offers for stake in base metals unit - local media

Brazilian miner Vale received binding offers for a stake in its base metal unit, local newspaper Valor Economico reported on Thursday, citing unnamed sources. Vale would sell 10% of the unit worth... 

Gem trader HB Antwerp eyes African diamonds after Botswana pact

HB Antwerp, a Belgian gem processing firm and trader, is hunting for more deals in Africa after securing a sales pact with Botswana, the world's No. 1 diamond producer by value. The firm is... 

Zinc price could hit $2 000/t by 2025 on ballooning surplus

Refined zinc prices are expected to be on a downward trend until 2025, as weak demand growth failed to match with a surge in production, analysts said. "Demand for zinc will be relatively weak in... 

Nickel prices seen falling as global surplus looms

Global nickel prices are poised to decline over the next few years as top producer Indonesia ramps up supplies and production costs fall, industry watchers predicted at metals conferences this... 

More than half of the world's large lakes are drying up, study finds

More than half of the world's large lakes and reservoirs have shrunk since the early 1990s, chiefly because of climate change, intensifying concerns about water for agriculture, hydropower and... 

G7 to discuss diamond trade with future Russia sanctions in mind - EU official

 Leaders of the Group of Seven (G7) nations will discuss how to trace Russian diamond trade at a summit this week with the aim of imposing restrictions at a later stage, an EU official said on... 

Centinela copper mine's union head says sides far apart in talks to avoid strike

 A union of supervisors at Antofagasta's Centinela copper in Chile are "very far" from an agreement with the company to avoid a strike, the union's president told Reuters. Last week, 97% of union... 

Copper concentrate market to face steep deficit from 2025

The global copper concentrate market will see a steep deficit during 2025-2027 as Asian smelters ramped up capacity amid a lack of matching mining projects in the pipeline, analysts said. China is... 

Chile greenlights mining tax reform that boosts government take

Lawmakers in Chile's lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of leftist President Gabriel Boric, who has... 

Tianqi Lithium exec sees more sector mergers and acquisitions

Tianqi Lithium, one of the world's biggest lithium producers, expects more consolidation in the lithium industry, an executive at the group said on Tuesday, following a $10.6-billion merger... 

Glencore's bid for Teck spurs call for Canada pensions to up domestic equity stake

Glencore's hostile bid for Teck Resources has galvanised some Canadian institutional investors, who have lobbied the federal government to push the nation's biggest pension funds to lift their... 

Bill banning uranium imports from Russia passes US House subcommittee

A bill banning Russian uranium imports to the United States gained momentum on Tuesday by passing a committee in the US House of Representatives. The bill, sponsored by Representative Cathy... 

US officials remove key obstacle to Thacker Pass lithium project

The US Interior Department on Tuesday removed one of the last remaining obstacles to Lithium Americas' Thacker Pass mine project in Nevada by finding nearly all of the site contains the metal used... 

EU raw material targets need money and faster permits, sector chief says

 The European Union will only meet ambitious targets to reduce its reliance on China and other countries for critical materials by rapidly scaled-up financing and accelerated permitting, according... 

Sinomine suspends Zimbabwe lithium ops over authorities' concerns

China’s Sinomine Resource Group's Zimbabwe lithium unit on Monday said it had halted operations for a week after unspecified administrative concerns raised by the authorities. Sinomine took over... 

Developer of Alaska's Pebble mine raises going concern doubts

Canada's Northern Dynasty Minerals on Monday raised doubts about its ability to continue as a going concern if the company is unable to raise the necessary capital for the Pebble copper and gold... 

Copper prices rise after last week's slump with China liquidity injection

Copper prices rose in London on Monday, as a liquidity injection by China's central bank, the People's Bank of China, came as a sign of support to the Chinese economy and helped the metal recover... 

ISS advises Glencore shareholders to vote against climate progress report

Glencore's investors should vote against the global miner and trader's climate progress report and in favour of a shareholder resolution seeking more disclosure on thermal coal, proxy advisor...