Gold price tumbles as haven demand wanes amid easing war risks
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
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Visit: 91
Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Visit: 93
Activist Tribeca asks Glencore to move main listing to Sydney
Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday.
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Visit: 99
Panama asks First Quantum to suspend visitor program at disputed copper mine
Panama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government before starting the community relations initiative.
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Visit: 104
Gold price rallies on geopolitical risks and Fed rate cut bets
Gold jumped the most in a month after soft US producer prices data amped up expectations of interest-rate cuts, while US-led airstrikes on Houthi rebel targets in Yemen stoked haven demand.
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Visit: 124
UK risks losing out to Europe in hydrogen energy race
Mining News Pro - In 2021, the UK set out a bold ambition to become a ‘global leader in hydrogen’ by 2030. Two years later, delivery is falling short and it’s dropped behind European rivals jostling for a piece of the market.
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Visit: 138
‘Evenly balanced’ risks means lower commodity prices, but robust volumes
Mining News Pro - The heat is coming out of global commodity prices and the risks to the outlook are “evenly balanced”.
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Visit: 174
Canada risks more than $37 billion in clean tech as incentives in limbo
Mining News Pro - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said.
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Visit: 140
Zijin Mining slows M&A on valuations, geopolitical risks
Mining News Pro - Zijin Mining Group Co., a leading Chinese copper and gold miner, has slowed acquisitions due to high project valuations and geopolitical tensions.
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Visit: 174
India asks US to release funds frozen over suspected Russia diamond link
Mining News Pro - India has asked the United States to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three Indian sources told Reuters.
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Visit: 162
Copper price hits three-month high amid demand hopes, supply risks
Mining News Pro - Copper hit a three-month high as it headed for its biggest monthly advance since January, supported by growing optimism over Chinese demand and mounting supply risks in Chile.
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Visit: 220
Alaska asks US Supreme Court to undo EPA Pebble mine veto
Mining News Pro - The state of Alaska on Wednesday asked the US Supreme Court to vacate a Biden administration veto blocking Northern Dynasty Minerals’ proposed Pebble copper and gold mining project, arguing the move violated a decades-old land swap deal and the state’s sovereignty.
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Visit: 192
Clean tech faces increasing risks with mining tied to new abuses
Mining News Pro - Investors in clean technology face a growing list of risks via the supply chains feeding such products, according to a study by Business & Human Rights Resource Centre’s Transition Minerals Tracker.
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Visit: 149
UK grid asks coal reserve to prepare as cold snap looms
Mining News Pro - The UK’s grid operator asked one coal-fired power unit to be ready to generate power as it seeks to boost electricity supplies during a cold snap.
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Visit: 253
Justin Trudeau asks Gabriel Boric for insights on Canadian miners’ behaviour in Chile
Mining News Pro - The Chilean head of state also pointed out that his country maintains a trusting relationship with Canada and that all he asks from foreign investors is to act as they would in their countries of origin.
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Visit: 467
Iron ore price outlook clouded by global demand woes, supply risks
Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.
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Visit: 552
Iron ore price outlook clouded by global demand woes, supply risks
Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.
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Visit: 441
ESG, geopolitics ranked top risks for mining companies, EY survey shows
Mining News Pro - Global mining and metals executives view environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, according to this year’s ranking of the Top 10 business risks and opportunities for mining and metals in 2023 by EY.
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Visit: 526
Yunnan asks aluminum producers to cut power usage
Mining News Pro - China’s southwestern province of Yunnan has ordered producers of electrolytic aluminum to reduce their power usage this week, the companies told Reuters on Tuesday.
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Visit: 583
Copper price rises on supply risks and softening dollar
Mining News Pro - Copper price rose on Tuesday, as supply risks flagged by major producers offset demand concerns, while a softening dollar made the metal cheaper for holders of other currencies.
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Visit: 662
Copper price rises on supply risks and softening dollar
Mining News Pro - Copper price rose on Tuesday, as supply risks flagged by major producers offset demand concerns, while a softening dollar made the metal cheaper for holders of other currencies.
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Visit: 349
Copper’s outlook under threat as economic risks pile up
Mining News Pro - Copper is under assault from various risks that threaten to undermine the prospects of the key metal needed to wean the world off of fossil fuels, according to CRU Group’s Vanessa Davidson.
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Visit: 726
Pentagon asks Congress to fund mining projects in Australia
Mining News Pro - The US Department of Defense has asked Congress to let it fund facilities in the United Kingdom and Australia that process strategic minerals used to make electric vehicles and weapons, calling the proposal crucial to national defense.
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Visit: 409
LME risks more squeezes as metal stockpiles hit lowest in decades
Mining News Pro - London’s metal traders are still reeling from the historic squeeze in nickel a month ago, but they may not get much time to recover — inventories across the exchange’s warehouses have dropped to perilously low levels, raising the threat of further spikes in everything from aluminum to zinc.
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Visit: 692
Nickel price climbs in thin trading as investors weigh supply risks
Mining News Pro - Nickel jumped on thin volumes in London, leading metals higher as traders weigh risks to supply arising from the war in Ukraine.
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Visit: 521