Mineral Resources

The copper price in London reached a two-week-high on Tuesday. This was due to a sharp drop in the dollar, as Donald Trump's harsh criticism of the Federal Reserve Chairman shook the confidence of investors in the U.S. As of 0212 GMT, the benchmark three-month price for copper on London Metal Exchange (LME), was up 0.8% to $9,265.5 per kilogram. It briefly reached $9,319.5 per ton, its highest level since April 4. After a weekend break for Easter, the LME returned on Monday. The Shanghai Futures Exchange's (SHFE) most-traded contract for copper rose by 0.4%, to 76760 yuan per metric...

United States Antimony Corp announced on Monday that it had restarted operations in its Madero plant in Mexico. This comes more than a year since the miner of critical minerals stopped operating in Latin America. Why it's important China has banned the export of critical minerals such as gallium, antimony and germanium to the United States. This is part of a escalating tech and trade war between two major economies. China is expected to produce almost half the world's supply of antimony by 2023. Prices of the mineral are soaring as a result of China's heavy export restrictions. This has...

Gold prices soared to record highs on Monday due to concerns about global economic growth caused by the spiraling Sino-U.S. Trade War. A weaker dollar also boosted the rally. As of 0246 GMT the spot gold price had risen 1.7%, to $3383.87 per ounce, after reaching a session high of $3384 earlier. U.S. Gold Futures rose 2% to $3 396.10. Dollar index hits three-year low making gold more appealing for holders of other currencies. "Markets are pricing in heightened risks due to U.S. trade tensions, stagflation fears, and resilient central bank demand," said IG's market strategist Yeap Jun-Rong. On April...

The U.S. State Department announced on Sunday that it would be happy to see the one-day ceasefire declared by Russian president Vladimir Putin for Easter extended beyond Sunday, despite the Kremlin's earlier statement that there had been no extension order. Both Russia and Ukraine have accused each other of violating the ceasefire. Putin declared a ceasefire for one day in Ukraine, until Sunday midnight Moscow time (2100 GMT). KEY QUOTES "We've seen that President Putin announced a temporary truce due to Easter. In an email statement sent on Sunday, a spokesperson for the State Department said that they remain committed...

Shenghe Resources, a Chinese company, said that the suspension of shipments from its U.S. partners of rare earth raw concentrator will not have a significant impact on production because of the company's diverse supply chain. MP Materials, the owner of the U.S.'s only rare earths mine said that it has stopped shipping these vital minerals to China due to the 125% tariffs Beijing imposed on U.S. imports as a retaliation against U.S. tariffs imposed on Chinese goods by President Donald Trump. Rare earths is a grouping of 17 metals which are used in the production of magnets for electric cars,...

Kyiv announced on Friday that it hopes to conclude talks with Washington by the end next week on a deal on jointly exploiting Ukrainian minerals resources. Ukrainian officials hope this agreement will help to soften U.S. backing for their war against Russia. U.S. president Donald Trump said that he wanted Ukraine to provide the United States rare earth minerals in exchange for financial support of the country's efforts against Russia. Here is a list of critical minerals in Ukraine, including rare Earths and other natural resources that may be of interest to other partners and the U.S. What are rare...

Ukraine announced on Thursday that Kyiv had signed a Memorandum with Washington as an initial step to clinching a deal on developing minerals in Ukraine. This is a deal pushed by U.S. president Donald Trump. Trump has said that the agreement could be signed as soon as next week. Yulia Shvyrydenko (Ukraine's first vice-premier and minister of economy) announced on social media the signing of the memorandum. She wrote: "We are pleased to announce the signing of a Memorandum of Intent with our American Partners, which opens the door for an Economic Partnership Agreement, and the creation of the Investment...

By Divya Rajagopal Ontario Premier Doug Ford announced on Thursday that the province will reduce the time it takes to approve new mining project by half in order to be more competitive, as Canada is facing tariffs and threats of annexation from the United States, its top trading partner. Ford announced that a new bill titled 'One Project One Process' would expedite approvals for strategic mining projects, starting with Ring of Fire and important minerals. Ford stated that it currently takes 15 years for a mine to be opened in Ontario. Ford said, "That's fifteen years of missed opportunities, 15...

Hyundai Motor will temporarily stop production of some electric vehicles in South Korea, Yonhap reported on Thursday. The news agency cited unnamed sources. Yonhap reported that the South Korean automaker will stop production on certain lines at its Ulsan facility, where it produces electric vehicles Ioniq 5 & Kona, from April 24-30. Yonhap said that the suspension is due to the fact that EV orders have dropped sharply from major markets in April after the removal of government EV subsides and U.S. Tariffs on imported cars. Hyundai Motor is not available to comment immediately outside of regular business hours. The...

Investors were concerned about the uncertainty surrounding U.S. trade policies and a possible economic slowdown. Traders await signs of progress in negotiations between the administration of U.S. president Donald Trump and its trading partners. This includes ongoing trade discussions with Japan. The biggest concern is the direction of any possible discussions with China. Saudi Arabia's benchmark Index fell 0.5%. This was due to a fall of 1.5% in ACWA Power Company, and a drop of 1.3% in Saudi Arabian Mining Company. Investors also absorbed comments made by Federal Reserve chair Jerome Powell who warned about the risks of slowing down...

Australian shares closed higher on Thursday, as miners benefited from higher commodity prices. Domestic rate-cut bets were not deterred by the rebound in jobs. The S&P/ASX 200 Index rose by 0.7%, closing at 7,813. The benchmark index recovered from a two week losing streak caused by U.S. president Donald Trump's sweeping Tariffs. It closed the holiday-shortened weekend 1.4% higher. As iron ore prices rose on strong near-term demand, miners gained 1.5% and lifted the benchmark. BHP was the only major miner to rise 1.2%, despite a decline in third-quarter production of iron ore from Western Australia operations, which fell from...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Federal Reserve Chair Jerome Powell stated on Wednesday that it may be difficult for the central bank to protect the economy from the trade war of President Trump, and predicted higher consumer prices as well as unemployment in the short term. The Trump administration has instructed the Internal Revenue Service (IRS) to begin revoking Harvard University’s tax-exempt designation. This move would end tax deductions and tax the net earnings of the university. Prologis, a warehouse-focused Real Estate...

The copper prices in Shanghai increased on Friday, as the possibility of an end to the titt-for-tat tariff increases between the U.S. As of 0355 GMT, the most traded copper contract at the Shanghai Futures Exchange rose 0.3%, to 76.040 yuan (10,421.58) per ton. Good Friday is a holiday in London. The London Metal Exchange will be closed. Trump said on Thursday that he did not plan to increase tariffs on Chinese imports. In response to Beijing counter-measures the U.S. has increased rates on Chinese imports. The latest White House factsheet states that China faces a tariff of up to...

The copper prices in Shanghai increased on Friday as the possibility of an end to the titt-for-tat tariff increases between the U.S. As of 0150 GMT, the most traded copper contract at the Shanghai Futures Exchange rose 0.4%, to 76130 yuan per metric ton ($10,428.05). Good Friday is a holiday in London. The London Metal Exchange will be closed. Trump signaled on Thursday that he doesn't intend to increase tariffs on Chinese imports. Trump increased tariffs on Chinese imports to 145% after Beijing responded with countermeasures. China's own message that tariffs would not be raised further was sent last week...

MP Materials announced on Thursday that it would no longer be shipping rare earth concentrates to China as a result of the retaliatory duties and export controls imposed by China following the tariffs imposed by U.S. president Donald Trump. This sent its shares down 3,9% in the afternoon. The company stated that "Selling valuable critical materials at 125% tariffs was neither commercially logical nor in the national interest of America." MP produces rare-earths concentrate in its California mine, which is then sold to independent refineries worldwide including China through a distributor. The company is increasing the production of rare earths...

Karoline L. Leavitt, White House Press Secretary, said that President Donald Trump was open to a deal with China. However Beijing must make the first move. Leavitt said that Trump gave her the statement in an Oval Office discussion to use. Leavitt stated that "China wants to have what we do... our American consumers, or, put another way, the need for our money." China increased its tariffs against imports of U.S. products to 125% in retaliation to Trump who raised U.S. duties on Chinese goods by 145% while pausing planned levies on other countries' goods. Trump has described Chinese president...

John Elkann, Chairman of Stellantis, said on Tuesday that the U.S. Tariffs and strict European Union emission standards put automakers in danger at a time they are facing increased competition from China. Elkann, at a shareholder's meeting, said that the American and European auto industries were at risk due to the current course of tariffs and regulations. He said: "That would be tragic as the car industry is a source for jobs, innovation, and strong communities." Elkann is leading the group as it searches for a new chief executive officer after Carlos Tavares departed late last year. He said that...

After securing fuel, Britain announced on Tuesday that it would be able to keep its last steel blast furnaces running for the next few months. This is the latest move in the last-ditch effort by the government to save the domestic virgin steel industry. After passing emergency laws to take control of the site, in northeastern England, from Chinese owners Jingye Group on Saturday, the government has been in a race to find enough coking coal to keep the furnaces operating. The furnaces were losing over 700,000 pounds (922,950.00 dollars) per day. They needed to be continually fueled, could not...

World Gold Council data shows that investment flows into Chinese gold ETFs have outpaced those of the entire first quarter, and even surpassed the inflows recorded by U.S. listed funds. John Reade senior market strategist of the WGC said in social media Monday that gold ETFs in China increased 29.1 tons in the first 11 days of April. This compares to the 23.5 tons of inflows registered from January-March. He said that the second quarter could have a different theme. "The first quarter was dominated by U.S. Tariff-related gold flows, and Western ETF purchases," he explained. According to data, while...

India's cut and polished diamond exports plunged to their lowest level for nearly two decades during the fiscal year 2024/25, which ended in march, due to a sluggish US and Chinese demand, said a leading trade group on Monday. India is the largest diamond cutting and polishing hub in the world, processing nine out of 10 diamonds worldwide. It is also sensitive to economic instability, especially in the U.S. The Gems and Jewellery Export Promotion Council said that the cut and polished diamond exports fell 16.8% on an annual basis to $13.3 billion. The drop in gem and jewellery exports...

Copper prices rose on Monday, as the risk sentiment improved with some exemptions to U.S. duties and expectations that China, a major metals consumer, would introduce more stimulus measures. The benchmark three-month copper price on the London Metal Exchange rose by 1% at 1013 GMT to $9,246 per metric ton after reaching $9,271.5, its highest level since April 4. Copper has risen 14% from a low of $8105 per ton, which was reached a few weeks ago when the tariff spat between the U.S., and China, two of the largest economies in the world, increased fears about global economic growth....

London copper prices lost their gains on Monday, weighed down with concerns about President Donald Trump's threats of tariffs against semiconductors. Meanwhile, hopes for Chinese stimulus helped to limit losses. As of 0404 GMT the benchmark three-month price for copper on the London Metal Exchange was up by 0.1% to $9,160 per metric tonne, after reaching its highest level in over a week. The Shanghai Futures Exchange's (SHFE) most traded copper contract rose by 1.5%, to $75,920 yuan per ton ($10,389.61). The dollar index dropped 0.4% against its competitors. The dollar is weaker, making commodities priced in greenbacks cheaper for...

Financial Times, Saturday, reported that the Trump administration was drafting an executive directive to allow the stockpiling deep-sea materials to counter China's dominance of battery minerals and rare earth supply chain. The report said that the plan would create "large quantities available and ready to use on U.S. soil in the future" in the event of a conflict between the United States and China, which could restrict imports of rare earths and metals. As part of President Donald Trump's response to the tariff package, China imposed export restrictions on some rare earth elements, which could cut off the U.S. from...

Base metals traded in London mixed on Friday, and headed to a weekly increase after U.S. president Donald Trump decided temporarily to lower the heavy duties for dozens countries and the dollar fell. As of 1300 GMT, the benchmark three-month Copper on the London Metal Exchange (LME), was unchanged at $8.985 per metric tonne. This week, it has gained 2.3%. The Shanghai Futures Exchange's (SHFE) most traded copper contract rose 0.9%, to 74,560 Yuan per metric tonne. The contract has fallen 5.8% since Thursday's closing price of 79.190 yuan a metric ton. SHFE was closed for a holiday on April...