Metal

Anglo American’s strategic shift towards becoming a copper-focused mining company could significantly influence its future, particularly in light of BHP Group’s previous $49 billion takeover bid that was rebuffed earlier this year. Key points include: BHP’s Previous Bid: BHP attempted to acquire Anglo in May but withdrew after being rejected three times. With the six-month […]

Brazil has finalized a significant compensation agreement totaling 170 billion reais (approximately $29.85 billion) with mining companies BHP, Vale, and Samarco, following the catastrophic Mariana dam collapse in 2015. Key details of the agreement include: Background of the Disaster: The dam collapse, which occurred at a Samarco iron ore mine, resulted in the deaths of […]

The U.S. Interior Department has granted final approval for Ioneer’s Rhyolite Ridge lithium mine in Nevada, marking the first domestic lithium source permitted under President Biden’s administration. Here are the key details: Significance of Approval: This project is set to become a crucial supplier of lithium for electric vehicle manufacturers, including Ford. The approval concludes […]

MBK Partners and Young Poong, Korea Zinc’s largest shareholder, are calling for an extraordinary shareholder meeting to propose new board members, intensifying a battle for control over the company. Here are the key points: Shareholder Meeting Call: MBK and Young Poong plan to seek approval to appoint their nominees to the board, aiming for representation […]

Freeport-McMoRan has announced robust quarterly results, driven by rising copper prices and anticipated demand from the growing data center sector. Here are the key highlights: Quarterly Performance: The company reported an adjusted profit of 38 cents per share, surpassing analyst estimates of 35 cents. This performance comes despite a 3.1% decrease in copper production, which […]

Vale and BHP, alongside their joint venture Samarco, are set to sign a significant agreement to pay 170 billion reais (approximately $29.85 billion) in compensation for the 2015 dam collapse in Mariana, Brazil. Here are the key details: Compensation Framework: The agreement, expected to be finalized this week, aims to resolve over a hundred lawsuits […]

The European Union is in the process of selecting a contractor for a €9 million joint purchasing mechanism aimed at critical minerals and energy. Here are the key points: Purpose of the Platform: The initiative is designed to consolidate purchasing power among EU member states to secure better prices and terms for critical minerals essential […]

BHP is currently embroiled in a significant lawsuit in London’s High Court regarding the 2015 collapse of the Mariana dam in Brazil, which resulted in one of the worst environmental disasters in the country’s history. Key details include: Lawsuit Overview: The lawsuit, potentially worth up to £36 billion ($47 billion), involves over 600,000 Brazilians, 46 […]

Chinese steelmakers are poised to maintain high export volumes in 2025, driven by overcapacity and weak domestic demand, which could exacerbate existing trade tensions. Key points include: Export Growth: China is on track to export over 100 million metric tons of steel this year, the highest since 2016, with a 21.2% increase in exports during […]

Gold prices surged past the historic milestone of $2,700 per ounce on Friday, driven by escalating geopolitical tensions, uncertainties surrounding the U.S. elections, and expectations of relaxed monetary policies. Key highlights include: Price Movement: Spot gold rose 1% to $2,720.05 per ounce, while U.S. gold futures settled at $2,730, marking a 2.4% increase for the […]