Metal

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 […]

China’s net gold imports through Hong Kong surged in November, more than doubling from the previous month and marking the highest level in seven months, according to data from the Hong Kong Census and Statistics Department. Key Details:Import Statistics: Net gold imports in November reached 33.074 metric tons, a 115% increase from 15.414 tons in […]

Gold prices experienced a decline on Monday amid thin trading conditions as investors awaited key economic data from the U.S. that could impact the Federal Reserve’s interest rate outlook for 2025 and the policies of incoming President Donald Trump. Key Details:Current Market Status: Spot gold fell 0.6% to $2,604.49 per ounce by 01:42 p.m. ET […]

India has extended its mandate allowing imported coal-based power plants to operate at full capacity until February 28, as confirmed by a government circular issued on Friday. Key Details:Previous Mandates: In October, the Indian government invoked an emergency clause directing major companies, including Tata Power, Adani Power, and Vedanta, to run their imported coal-fired plants […]