Mineral Resources

The U.S. The U.S. The department announced in a press release that the environmental review of the project will be finished in only 14 days. These studies can take many years due to the environmental impact of uranium mines. The prior administration's policies of climate extremism have created an energy crisis that is alarming. "President Trump and his Administration are working quickly and strongly to resolve this crisis," stated Secretary of Interior Doug Burgum. He said that the expedited review of mining projects was exactly what we needed to ensure our energy future. The Velvet-Wood Mine Project in San Juan...

The U.S. The U.S. The department announced in a press release that the environmental review of the project will be finished in only 14 days. These studies can take many years due to the environmental impact of uranium mines. The prior administration's policies of climate extremism have created an energy crisis that is alarming. "President Trump and his Administration are working quickly and strongly to resolve this crisis," stated Secretary of Interior Doug Burgum. He said that the expedited review of mining projects was exactly what we needed to ensure our energy future. The Velvet-Wood Mine Project in San Juan...

Oil prices rose more than 3% Monday, while soybeans were trading at their highest level in three months. This was after the United States paused tariffs on trade for 90 days. Two of the world's largest economies have agreed to temporarily reduce their reciprocal tariffs while they negotiate to stop a damaging trade conflict that has caused financial markets to rumble and raised fears of a recession. The U.S. is reducing the extra tariffs on Chinese imports from 145% to 30% and Chinese duties on U.S. imported goods will drop to 10% from 125%. The new tariff rates are lower...

A U.S. Federal Judge on Friday temporarily stopped the Trump Administration from transferring land for a copper mining project to Rio Tinto or BHP, which Native Americans opposed. The judge cited the Supreme Court’s ongoing deliberations. The Resolution Copper project has been a long-running battle between the San Carlos Apaches of Arizona and Washington, who want to increase minerals production while also protecting the religious rights. In an 18-page ruling, U.S. district judge Steven Logan stated that the Apache Stronghold (a nonprofit group comprised of Apaches and their allies) is likely to be dissolved. The Supreme Court of Canada has...

U.S. Officials are discussing a plan that would bring Greenland under the sphere of America's influence. This is a similar agreement the United States used to maintain close ties with a number of Pacific Island Nations, according to U.S. Officials and a person familiar with these discussions. According to the plan under consideration, the Trump Administration would suggest that Greenland's leadership enter into an agreement with the United States called a Compact of Free Association (COFA). COFA agreements vary according to signatory but the U.S. government provides most essential services. This includes everything from emergency management and military protection to...

Since China began restricting the export of exotic metals in August 2023, the price of gallium is on an upward trend. It is not surprising that China holds a near-monopoly in the global production of gallium, as well as across a wide range of critical materials. What should we do about the fact that a commodity most people never heard of has reached a 14-year high? According to the United States Geological Survey, the global production for last year was only 760 metric tonnes. The world market is worth only $550 million, even at the current high prices. Metal is...

Gold prices fell Friday, after U.S. president Donald Trump announced that the United States and UK had reached a free trade agreement. This lowered gold's appeal as a safe haven, while the focus shifted towards U.S. China talks at this weekend. As of 0217 GMT, spot gold dropped 0.8% to $3277.67 per ounce. U.S. Gold Futures fell 0.7% to $3282.80. Trump and British Premier Keir starmer announced "a breakthrough deal". The 10% tariff on UK goods will remain in place. Britain has agreed to reduce its tariffs from 5.1% to 1.8% and allow greater access to U.S. products. Kyle Rodda,...

MP Materials, a U.S. rare-earths producer, announced on Thursday it had swung into a loss in the first quarter due to rising production costs as well as interest expenses. However, results were within expectations. These are the first results since the Las Vegas company announced last month that it would no longer ship the minerals to China to be processed in response to Beijing’s tariffs. The company's revenue will be affected by this move, but not until the second quarter results are released in August. The company reported a loss of $22.6m, or 14c per share for the first quarter...

Keir starmer, British Prime Minister, secured a second deal in three days with U.S. president Donald Trump. He claimed a political victory which removes the threat of some of UK's most vulnerable industrial sectors. The U.S. agreed that Britain would lower tariffs on American beef, ethanol and British cars in exchange for the U.S. lowering their tariffs. Starmer said that the deal was worthwhile so companies in the affected sectors could plan without worrying about 25% or higher tariffs, although a larger deal to reduce baseline tariffs by 10% is still under discussion. Starmer, a reporter in London, said: "We'd...

London Bullion Market Association reported on Thursday that the amount of gold in London vaults at the end April was 8,536 metric tonnes, an increase of 0.6% over the previous month. This is because more precious metal was returned to London from New York after being dislocated. After months of being high, the premium between the COMEX gold spot prices and the most actively traded COMEX futures prices was normalized in April when the Trump Administration excluded precious metals from the broader U.S. tariffs. In the period between December and March, market players increased their gold deliveries to the U.S....

The European Commission announced on Thursday that it would take countermeasures against imports from the United States worth up to 95 billion euro ($107.2 billion), if Washington fails to lift its tariffs. The EU will respond to the U.S. tariffs on automobiles and other goods by imposing new tariffs that target wine, fish and aircraft as well as car and auto parts, chemicals, electronic equipment, health and machinery. The European Commission (which coordinates the trade policy of the EU's 27 member states) announced that it would launch a consultation with EU members and businesses for a period of one month...

The United States has imposed massive tariffs on Chinese goods, and the Chinese economy faces a huge blow. However, the commodity that is most vulnerable is not affected. China is most exposed to iron ore, as it buys over 70% of the seaborne volume, which it uses for just under half of the global steel. Iron ore prices have remained relatively stable since U.S. president Donald Trump began his trade war with China. The United States now imposes tariffs of up to 145% on China, its biggest trading partner. On Wednesday, iron ore contracts on the Singapore Exchange closed at...

China shares were flat on Monday, while Hong Kong stocks fell, as initial euphoria about a U.S. China trade agreement that would delay and reduce tariffs was replaced by growing caution due to the long negotiations to come. The agreement reached between U.S. officials and Chinese officials following weekend talks in Geneva exceeded market expectations, and led to overnight a strong rally on global markets. Investors are still concerned about the prospect of a lengthy negotiation process. Early morning trading saw the Shanghai Composite Index rise 0.2% and China's blue chip CSI 300 Index gain less than 0.1%. Hong Kong's...

After Monday's truce in the trade war, it is likely that U.S. clients will have an easier time obtaining approval for rare earth export permits from Beijing. However, a complete lifting of restrictions in China, according to sources in the industry, is unlikely. As part of its response to U.S. Tariffs, China added seven rare Earths and related products to a Control List in April. Exporters will now need to obtain licenses in order to sell outside China. The decision was made for all countries. However, it appeared unlikely that U.S. clients would receive export licenses in the midst of...

Sumitomo Metal Mining, a Japanese company, announced on Monday that it had agreed to purchase a 30% stake from Rio Tinto in the Winu Copper-Gold Project in Western Australia. The move is part of efforts by the Japanese miner to expand its assets in copper and gold, and comes after the two miners agreed last December to create a joint venture for the development and operation of the project. As part of the agreement, SMM is required to pay Rio Tinto $195 million in cash upfront as a consideration for its acquired interest. This payment will be made to Rio...

Iron ore prices rose on Monday, as investor sentiment was lifted by the agreement between two of the largest economies in world to reduce reciprocal tariffs. On Monday, the United States and China announced that they had reached an agreement to reduce reciprocal tariffs. Washington and Beijing are seeking to end a global trade war which has caused financial markets to be on edge and disrupted economies around the world. After talks with Chinese officials at the Geneva Economic Forum, U.S. Treasury Sec. Scott Bessent informed reporters that both sides agreed to a 90-day pause in measures. He also said...

China launched a special crackdown on the smuggling strategic minerals. Beijing is seeking to enforce its export restrictions on metals used for industries from defence to clean power. According to a Friday statement by the Ministry of Commerce, since China has imposed export controls on metals like gallium, germanium and antimony as well as tungsten, some overseas companies have "colluded" with domestic lawbreakers to avoid the restrictions. The campaign was announced during a conference held in Shenzhen. It urges departments of the government to focus on typical evasion techniques such as false reporting and concealment, smuggling and trans-shipment via third...

China, which is the largest consumer of gold in the world, has blended for the first-time different gold-containing ores, according to Xinhua, a state news outlet. This was done as part of an effort to guarantee a stable supply of gold and reduce costs for refiners. In the Pilot Free-Trade Zone, the "bonded gold blending", also known as bonded logistics, is the mixing of ore containing gold under different customs code in a physical manner. Qingdao Customs announced in an April 30 statement that on April 27, 279 tons of gold concentrates were mixed with 28 tons of precious metal...

Data from the General Administration of Customs on Friday showed that China's imports of copper, including unwrought and finished products, were the same as last year at 438,000 metric tonnes, despite the fact that suppliers had rushed to ship to the United States in order to avoid impending tariffs. The data shows that copper imports for the first four-month period of 2025 were down 3.9%, at 1,74 million tonnes. Analysts expect China's strong demand for copper to drive up the amount of industrial metal imported. This month, however, the flow to the U.S. of copper in anticipation of U.S. tariffs...

Two people with first-hand knowledge of the situation said that China's central banks has allowed some commercial banks in China to purchase foreign currency for the payment of gold imports within recently increased quotas. Gold import quotas set by the People's Bank of China (PBOC) for China's largest banks determine the amount of bullion that enters the world's biggest consumer of precious metal. In the past, it has adjusted these quotas in order to calibrate dollar demand. Sources said that the PBOC had raised these quotas on gold imports in the last month, and now has allowed banks to purchase...

Iron ore futures prices fell on Thursday, as traders considered the impact of trade tariffs between China and the United States. They also weighed concerns about a possible slowdown in demand from China's top consumer. The September contract for iron ore on China's Dalian Commodity Exchange ended the morning trading 2.17% lower, at 697.5 Yuan ($96.43). As of 0318 GMT, the benchmark June iron ore traded on Singapore Exchange fell 1.19% to $97.15 per ton. Analyst Zhuo Guqiu at Jinrui Futures said that the price drop of steelmaking components was more dramatic than steel. China Metallurgical News, a state-backed publication,...

The copper price fell in London Wednesday, as the market was not expecting a quick outcome from upcoming talks between U.S. officials and Chinese officials after months of increasing trade tensions. The benchmark three-month copper price on the London Metal Exchange shed 0.9% at $9,456 per metric ton as of 0955 GMT, after reaching $9,582 in the early Asian trading hours. This weekend, U.S. representatives and Chinese representatives are expected to meet for discussions that could be a first step in resolving the trade war between the two world's largest economies. Import duties have risen above 100%. "Any sign that...

He Lifeng, a trusted confidant of Chinese president Xi Jinping, who has gradually built a reputation as a fixer among foreign investors, will be at the forefront in Saturday's talks aimed at breaking a deadlock on trade with the United States. After weeks of escalating trade tensions, the vice premier of Canada will meet with U.S. Treasury Sec. Scott Bessent in Switzerland and Jamieson Greer as chief trade negotiator. He is the person who oversees U.S. China economic and trade relations. We interviewed 13 foreign diplomats and investors who met He in the last year. The interviewees described He's transformation...

Toyota's profits are expected to remain steady when it reports its annual earnings on the 15th of this month. However, investors will be alert for any signs that U.S. Tariffs could have an impact. Investors will pay close attention to the impact of President Donald Trump's Tariffs on Toyota's future profits. The levies will likely deal a severe blow to automakers doing business in the U.S. What Toyota says about Toyota Industries will also be of interest, after the automaker announced last month that they were considering a possible buyout. Seiji Sugiura is a senior analyst with Tokai Tokyo Intelligence...