Metal

BHP Reports Lowest Profit in Six Years Amid Signs of Recovery in Steel and Copper Demand

BHP, the world’s largest listed miner, has reported its lowest first-half profit in six years, logging an underlying attributable profit of $5.08 billion for the six months ending December 2024. This figure marks a 23% decline from the previous year, yet it slightly surpasses analysts’ expectations. Key Highlights:Economic Recovery Signs: BHP’s CEO, Mike Henry, noted […]

BYD Expands Footprint in Brazil’s Lithium Valley with New Mining Rights Acquisition

Chinese electric vehicle manufacturer BYD has taken a significant step into the mining sector by acquiring mineral rights for two plots in Brazil’s lithium-rich region, as revealed by public records. This move marks BYD’s most definitive foray into mining strategic minerals in the Western Hemisphere, particularly in its largest market outside of China. The acquisition, […]

Ukraine-U.S. Talks in Munich Conclude Without Agreement on Critical Minerals Deal

Discussions between Ukrainian President Volodymyr Zelenskiy and U.S. Vice President JD Vance in Munich ended on Friday without finalizing a critical minerals deal crucial for Ukraine’s economic collaboration with the United States. The meeting aimed to secure U.S. investment in Ukraine’s vast mineral resources amid ongoing concerns about security guarantees against Russia. Key Highlights:Meeting Overview: […]

Gold Prices Surge Amid Economic Uncertainty, but Bearish Signals Emerge

Gold prices are experiencing a significant upswing as investors react to economic uncertainties, particularly surrounding U.S. import tariff plans. While the precious metal approaches the ambitious target of $3,000 per ounce, bearish indicators are also starting to surface. Key Highlights:Record Price Surge: Gold (XAU) has started 2025 on a high note, achieving eight record highs […]

Australia Enacts Tax Incentives for Critical Minerals and Renewable Hydrogen

Australia’s parliament has successfully passed legislation aimed at providing significant tax incentives for the production of critical minerals and renewable hydrogen. This initiative is part of the country’s broader strategy to achieve net zero emissions by 2050 and reduce reliance on China for essential resources. Key Highlights:Tax Incentives Overview: The new law offers a 10% […]

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