Metal

Gold prices have surged to record highs, reaching $2,526.07 an ounce, driven by geopolitical tensions, uncertainties surrounding the upcoming U.S. Presidential election, and expectations of interest rate cuts. This rally has made gold one of the best-performing assets of 2024, with prices up over 20% this year. Analysts predict that gold could climb even higher, […]

China’s recent decision to impose export limits on antimony may initially seem like a strategic move rooted in Realpolitik, given its military applications, including use in nuclear weapons and night-vision technology. However, the underlying motivation is significantly tied to climate change and the country’s push for renewable energy. Antimony is crucial for enhancing photovoltaic glass, […]

Fitch Ratings has warned that operating costs for Indian metal and mining companies are poised to increase significantly following a recent Supreme Court ruling that allows state governments to impose additional mining taxes. This ruling, upheld last month, grants states the right to levy taxes on mineral extraction retroactively from April 1, 2005, with payments […]

The copper market is witnessing a significant shift as investors retreat, leaving physical buyers to take control amid deteriorating demand expectations, particularly from top consumer China. This change follows a buying frenzy earlier this year that drove copper prices to record highs above $11,100 per metric ton in May, fueled by predictions of a supply […]

The union representing workers at the Escondida copper mine in Chile, the largest in the world, has signed a new three-year agreement with BHP, effectively ending a potential strike that could have disrupted global copper supplies. The deal includes improvements in labor conditions, such as initiatives to optimize shift changes, enhance equipment utilization, and ensure […]

A train derailment on Angola’s Lobito Corridor has affected the transportation of commodities, including copper concentrates. The incident occurred between the Cavimbe and Cangumbe stations on Thursday, involving a train carrying sulfur, according to Lobito Atlantic Railway (LAR). The Lobito Corridor serves as a crucial trade route linking the resource-rich Democratic Republic of Congo to […]

Aluminum Corporation of China (Chinalco) is reportedly exploring a $2 billion stake in Indophil Resources Phils. This move aims to secure access to what could be the Philippines’ largest gold and copper mine, according to a Bloomberg News report. Chinalco, a state-owned aluminum producer, is looking to enhance its global presence through this investment. Indophil […]

Whitehaven Coal (WHC.AX) has announced it will cut 192 jobs at the Daunia and Blackwater coking coal mines recently acquired from BHP Group (BHP.AX). This decision comes as part of a restructuring plan aimed at streamlining operations after the $4.1 billion acquisition, completed in April. The job cuts include 91 positions directly across the Daunia […]

Shares of Chinese antimony producers surged by up to 10% on Friday after the Chinese government announced plans to limit exports of antimony, a strategic mineral critical for various military and industrial applications. The new export restrictions will take effect on September 15, as stated by China’s commerce ministry. China is the world’s leading supplier, […]

Malaysia’s trade ministry has initiated an anti-dumping duty investigation concerning imports of flat-rolled products made from iron or non-alloy steel from China, India, Japan, and South Korea. This decision comes in response to a petition filed by a domestic producer, received on July 15. The petitioner claims that these flat-rolled products, which are 600 millimeters […]