Chile president wants copper output boost of 1Mt by 2026

Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 million metric tons by the end of his term in 2026.

China copper gauge at zero offers stark warning to metals bulls

A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with what buyers in the biggest market are prepared to pay.

Iron ore price weakens amid waning China stimulus hopes, high portside stocks

Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.

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.

BMO drops anti-coal policy amid Wall Street rebuke of ESG

BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.

BMO drops anti-coal policy amid Wall Street rebuke of ESG

BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.

Fleet Space launches Centauri-6 satellite on SpaceX’s Bandwagon-1 mission

Australian space exploration company Fleet Space Technologies has successfully deployed its next-generation Centauri-6 satellite on SpaceX’s Bandwagon-1 mission, launched aboard a SpaceX Falcon 9 from Launch Complex 39A at the Kennedy Space Center in Florida on Sunday.

Graphjet Technology to build agricultural waste-to-graphite production plant in Nevada

Graphjet Technology, a Malaysia-headquartered developer of technologies to produce graphite and graphene directly from agricultural waste, announced Monday it plans to build a commercial artificial graphite production facility in Nevada.

MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory

MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.

MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory

MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.

US awards record $6bn to back industrial emissions reduction projects

The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost US competitiveness.

Banks shying away from fossil fuels bolster private credit deals

Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk.

Canada watchdog says abuse likely occurred at a Dynasty Gold mine in China

Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in China operated by Vancouver-based firm Dynasty Gold.

Awalé Resources stock soars on 45.7 g/t gold find

Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay results of 45.7 grams per tonne gold over 32 metres from drilling on the Odienné project in Côte d’Ivoire.

Exxaro still keen on copper after Botswana setback

South African coal miner Exxaro Resources is considering potential deals to acquire copper and manganese assets as part of its diversification strategy, chief executive Nombasa Tsengwa said on Thursday.

O3 Mining wins 2024 PDAC Sustainable Development Award

Québec-focused gold junior O3 Mining (TSXV: OIII) has been named winner of the 2024 PDAC Award for Sustainable Development, considered one of the most prestigious recognitions in the Canadian exploration sector.

Movasaghi Nia visited Gohar Sirjan water transfer reservoir

Mining News Pro - This morning, the head of Imidro's board of directors visited the water transfer line and reservoir from the Persian Gulf to Sirjan.

Gold price flirts with new highs with market leaning towards June rate cut

Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of a US Federal Reserve interest rate cut this June.

Nickel may see deficit on Indonesia hurdles, Macquarie warns

The global nickel market could swing to a surprise deficit this year if growth in Indonesian output is constrained by slow mining permit approvals, according to Macquarie Group Ltd.

Debswana diamond sales down 25.1% in 2023 on weak demand

Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the U.S. and China and competition from lab-grown gems increased.

Diamond producers warn of pitfalls in G7’s Russia gem ban

The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds.

Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse

Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) flagged on Wednesday a 47.5 billion rand ($2.58 billion) impairment on its upcoming 2023 results due to falling prices for the main metals it mines, including palladium, platinum and nickel.

Rio Tinto inks renewable power purchase deal for Gladstone operations

Rio Tinto Ltd has signed a renewable power purchase agreement with specialist renewable energy firm Windlab to buy the majority of electricity from its planned 1.4 giga-watt (GW) wind energy project in Queensland, the miner said on Wednesday.

Sibanye-Stillwater, Heraeus team up to save palladium

Precious metals producer Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) has teamed up with metals trader and recycling company Heraeus Precious Metals to explore new uses for platinum-group metals (PGM), particularly palladium, in the hydrogen market.

Trafigura delivers zinc to LME warehouses for lucrative rent deals

Commodity trader Trafigura has delivered large amounts of zinc to London Metal Exchange warehouses in Singapore under lucrative rent-sharing deals, three sources familiar with the matter said, pushing stocks there back towards November’s 20-year peak.

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