Metal

Copper production from Codelco, the world’s largest copper producer and a state-run miner in Chile, saw a significant increase of nearly 17% in November. This surge contributed to an overall rise in copper output in the country by approximately 10%, according to data released by the copper commission Cochilco. Key Highlights:Codelco’s Production: Codelco produced 133,600 […]

Indonesia has announced a nickel ore mining quota of approximately 200 million metric tons for this year, according to a senior official from the Ministry of Energy and Mineral Resources. This quota may be adjusted downward if mining companies fail to meet environmental and regulatory standards. Key Highlights:Quota Details: The initial quota is set at […]

Barrick Gold Corporation has announced that it will suspend its operations in Mali if the government does not lift restrictions on gold shipments within the next week. This ultimatum comes as the mining giant faces what sources describe as a potential confiscation order related to its gold stock. Key Highlights:Operational Threat: Barrick’s Loulo-Gounkoto mining complex, […]

U.S. Steel and Nippon Steel have filed a lawsuit against President Joe Biden, claiming that his administration unlawfully blocked their $14.9 billion merger bid through a biased national security review process. The companies are seeking to have a federal appeals court overturn this decision, allowing them another opportunity for approval without political interference. Key Highlights:Allegations […]

The Biden administration has issued the final mining permit for Perpetua Resources’ antimony and gold project in Idaho, a strategic move to enhance U.S. production of critical minerals amid escalating trade tensions with China. Key Highlights:Permit Issuance: The U.S. Forest Service released the final record of decision for Perpetua’s Stibnite project after an extensive eight-year […]

President Joe Biden has officially blocked the proposed acquisition of U.S. Steel by Japan’s Nippon Steel, valued at $14.9 billion, citing national security concerns. This decision comes after a year-long review and is a significant setback for the deal, which faced bipartisan opposition from the outset. Key Highlights:Background of the Deal: Announced in December 2023, […]

Cobalt miner Jervois Global (JRV.AX) announced on Thursday that it will enter a pre-packaged bankruptcy deal, with one of its lenders, Millstreet Capital Management, taking the company private. This move highlights the challenges faced by Western miners as competition from China escalates. Key Highlights:Details of the Rescue Deal: Millstreet Capital will inject $145 million into […]

China’s Ministry of Commerce has announced a proposal for new export restrictions on technologies used in the production of battery components and the processing of critical minerals, including lithium and gallium. This move is part of a broader strategy to maintain China’s dominance in these key industries. Key Highlights:Details of the Proposal: The proposed restrictions […]

Copper prices experienced a decline on Tuesday but are on track for a second consecutive yearly gain, with the outlook for 2025 heavily influenced by China’s economic recovery and the policies of U.S. President-elect Donald Trump. Key Highlights:Current Market Performance: Three-month copper on the London Metal Exchange (LME) fell 1.5% to $8,781.5 per metric ton […]

Gold prices are set to achieve an impressive annual increase of over 27%, marking the largest yearly rise since 2010. This surge is attributed to heightened safe-haven demand and central banks’ rate cuts, although the market sentiment may shift depending on policy changes under a potential second Donald Trump presidency. Key Highlights:Current Market Performance: As […]