Metal

Copper production from Chile’s state-owned miner Codelco, the world’s largest producer of the metal, declined 6.1% in April compared to the same month last year. Codelco’s copper output totaled 95,100 metric tons during the month. The decline in copper output was more pronounced at the BHP-controlled Escondida mine, where production shrank 6.8% to 98,000 tons […]

China’s iron ore imports in May stayed above 100 million metric tons for the third straight month, reaching 102.03 million tons. This was in line with analysts’ expectations of between 100 and 105 million tons, and compared to 101.82 million tons imported in April and 96.17 million tons in May 2023. The strong iron ore […]

China’s imports of unwrought copper, including anode, refined, alloy, and semi-finished copper products, rose 15.8% in May compared to the same period last year, reaching 514,000 metric tons. This was a better-than-expected performance, up 17.4% from April’s figures. Analysts attributed the double-digit gains in copper imports primarily to higher flows of Russian-origin copper into China […]

Iron ore futures prices rebounded on Thursday, snapping a five-day losing streak, as sentiment was lifted by a combination of factors. These include some portside restocking ahead of the upcoming Dragon Boat Festival in China, as well as market chatter about a possible steel output cut in the world’s top producer and consumer. The most-traded […]

In a move highlighting Australia’s efforts to build a rare earths supply chain independent of China, a Chinese mining investor has failed in its bid to join the board of Australian rare earths company Northern Minerals (NTU.AX). Earlier this week, Australian Treasurer Jim Chalmers had ordered several China-linked investors, including Yuxiao Fund, to dispose of […]

The Peruvian government has authorized Canadian mining company Barrick Gold Corp to carry out exploration activities in the country’s southern border area, according to an announcement made by Prime Minister Gustavo Adrianzen. Peru’s constitution requires foreign private investment within 50 kilometers (31 miles) of the country’s borders to be approved by the cabinet of ministers. […]

Newmont Corporation’s CEO, Tom Palmer, has highlighted the mining industry’s potential for further consolidation, driven by surging demand for metals like copper needed in the energy transition and challenges accessing capital. Speaking at an industry event in Melbourne, Palmer pointed to the surprisingly large new source of copper demand from artificial intelligence (AI) as a […]

Chilean state-owned miner Enami has reported that an early exploration campaign for its Salares Altoandinos lithium project, located in the country’s northern salt flats, has shown promising results. Enami is seeking a partner to develop the project, as the government has tapped the company to help expand state control over lithium production. Lithium is a […]

Chilean state-owned miner Enami has announced that an early exploration campaign for its Salares Altoandinos lithium project has shown promising results. The project is located in the country’s northern salt flats. According to preliminary data, the Aguilar salt flat, more than 1,000 km (620 miles) north of the capital Santiago, could have an average lithium […]

China has announced plans to establish an initial carbon footprint management system by 2027, as part of its efforts to achieve its carbon-neutral goal. The system is meant to create a more comprehensive and unified set of standards to measure carbon emissions across various sectors. According to the plan issued by the Ministry of Ecology […]