A bitter feud risks ripping apart an $11 billion metals empire
A spat between two wealthy South Korean families over the future of an $11 billion zinc empire has descended into a bitter battle for control that could hamper efforts to diversify the global supply of energy-transition metals.
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Visit: 27
China pushes back on US probe of uranium exports
The Chinese government on Wednesday pushed back on a US probe of whether China is helping its neighbor Russia dodge a US ban on Russian uranium imports saying Beijing has always opposed “illegal unilateral sanctions”.
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Visit: 92
Argentina’s economic crisis thwarts bid to go nuclear with lithium bounty
Nuclear scientists eager to add value to Argentina’s lithium bounty are being stymied by the country’s notorious economic problems.
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Visit: 89
US Antimony looks to ramp up antimony smelting facility
United States Antimony Corp., the only smelter of antimony in North America, said on Tuesday it was looking to increase its supply of the minor metal, which would then allow it to ramp up its facility.
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Visit: 118
Biden close to blocking Nippon Steel deal to buy US Steel
The Biden administration is close to announcing it will block Nippon Steel’s acquisition of US Steel, two sources familiar with the situation said on Wednesday, amid growing bipartisan political opposition to the $14.9 billion deal.
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Visit: 112
Xi wants bigger returns, fewer headaches from African debt deals
When Chinese President Xi Jinping welcomes African leaders to Beijing this week, he’ll be holding a smaller checkbook and will have a clearer sense of what China wants in exchange: bigger returns and fewer headaches.
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Visit: 122
US, Peru sign memorandum of understanding for cooperation on critical minerals
The United States and Peru signed a memorandum of understanding on Thursday to improve cooperation on critical minerals, the State Department said in a statement on Thursday.
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Visit: 132
China’s coal output rises as share of electricity slips
China’s production of coal is rising while its share of electricity generation is declining, a seeming contradiction that will likely result in lower imports volumes and cheaper prices.
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Visit: 134
Gold, not dollar, is the best trump trade
Gold is the best portfolio hedge in the event Donald Trump retakes the White House, according to the latest Bloomberg Markets Live Pulse survey.
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Visit: 223
China's steel exports threaten all markets
Mining News Pro - Considering the significant increase in the volume of steel products imported into the country in 1402, the serious challenge of the steel industry in 1403 is the import of Chinese steel products to Iran and the decrease Iran's steel exports are to target markets.
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Visit: 150
Africa’s rare earths could make up 9% of global supply by 2029
African mines could account for nearly a 10th of the world’s rare earths in five years, climbing from zero today, creating new players in a market dominated by China.
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Visit: 212
CMOC to double copper output at Congo mines to 1 million tonnes by 2028
CMOC Group plans to more than double copper output from its mines in the Democratic Republic of Congo over the next four years, setting a new much higher target for the metal as future demand is seen strengthening.
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Visit: 209
China’s Plenum promises cues for commodity bulls and bears
Chinese commodities markets entered the second half with a bearish tilt, raising expectations that next week’s big policy meet in Beijing will show how the government plans to approach problems around overcapacity and faltering demand.
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Visit: 161
Sumitomo looks to tap US shale boom despite exiting production
Japanese trading firm Sumitomo Corp. sees opportunities in US shale oil and natural gas despite exiting production there three years ago.
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Visit: 176
Hedge funds’ bullish copper bets run into China’s slowdown
As copper surged to record highs last month, several senior Chinese traders started trying to contact western hedge fund managers whose names they’d only read in the press. For years, the veteran traders’ privileged insight into their own economy had given them an edge in the copper market, where China accounts for more than half of global demand.
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Visit: 197
US backs Angola plan to process critical minerals
The US is backing Angola’s efforts to diversify from being an oil-dependent economy to becoming a critical-minerals processor and exporter of clean power, according to a top official.
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Visit: 238
Serbia to give green light for Rio Tinto’s lithium mine
Serbian President Aleksandar Vucic is preparing to give Rio Tinto the green light to develop Europe’s largest lithium mine two years after Belgrade called off the project, the Financial Times said on Sunday.
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Visit: 269
Congo to buy out UAE partner in gold venture as shipments slump
Democratic Republic of Congo is finalizing a deal to take full control of a gold-export joint venture from its Emirati partner, after shipments slumped.
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Visit: 218
China’s central bank paused gold purchases in May after 18 months of buying
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 months of consecutive purchases, official data showed on Friday.
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Visit: 230
Zambia sees KoBold spending $2.3 billion on giant copper mine
KoBold Metals, the Bill Gates-backed mining exploration company, could spend $2.3 billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company.
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Visit: 217
Copper frenzy draws mining giants to Argentina after Milei’s reforms
Global mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes.
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Visit: 262
China’s central bank adds more gold to its reserves in April
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, extending the period of consecutive purchases to 18 months despite high gold prices.
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Visit: 294
Anglo CEO meets South Africa mines minister after BHP’s takeover proposal
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters.
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Visit: 293
National self-sufficiency in rail industry is ESCO’s achievement
Mining News Pro - Mehdi Kuhi, CEO of Zob Ahan, Isfahan held a press conference with the media at the 11th International Exhibition of Rail Transportation, Equipment and Related Services, in May.
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Visit: 320
BHP targets Anglo American in bid valued at $39 billion
BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), in a deal that would catapult the combined company’s copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade.
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Visit: 263