Mining

Investors flocked to gold and silver as tensions intensified after U.S. president Donald Trump threatened additional tariffs against European countries for the control of Greenland. Gold spot rose by 1.5%, to $4,663.37 an ounce, at 0335 GMT. It had previously reached a high of $4689.39. U.S. Gold Futures for February Delivery jumped 1.6%, to $4669.90 an ounce. Trump announced on Saturday that he would increase tariffs against European allies, until the United States is allowed to purchase Greenland. This escalating dispute over the future for Denmark's vast Arctic Island has escalated. EU diplomats reported that the European Union's?ambassadors? reached a...

Syrah, an Australian company that supplies graphite to Tesla, announced on Monday that it had agreed to extend a deadline for a third time to resolve a dispute over a supposed breach of the agreement. The 2021 agreement, which will supply?8,000 metric tons of graphite per year for four years, is crucial to Syrah Vidalia's Louisiana operations as well as the company's plan to become the United States' first non-Chinese major supplier of this metal. Tesla, headquartered in Texas, issued the first default notice to Syrah in July 2025. The company claimed that Syrah failed to deliver active anode samples...

On Saturday, protesters in Denmark and Greenland called for the island to be allowed to decide its own fate and criticized President Donald Trump's demand that it be ceded. Trump has said that Greenland's strategic location and its large mineral deposits are vital for U.S. national security. He has also not ruled out the use of force to seize it. The European nations sent military personnel this week to the island on Denmark's request. MARCHING FOR GREENLAND AT NUUK AND COPENHAGEN Demonstrators in Copenhagen chanted, "Greenland's not for sale", and carried slogans like "No means No", and "Hands Off Greenland",...

On?Friday, the United States and Slovakia signed an agreement to further cooperation in the country's nuclear energy program. They said that this would reduce Slovakia's reliance on Russian designed reactors. The agreement calls for the construction of a 1,200 megawatt state-owned nuclear unit, designed in the U.S. Since?last year, Slovakia has been in talks with Washington to build a large nuclear plant with Westinghouse, a nuclear developer. Energy Secretary Chris Wright said at an event held at the headquarters of the agency in Washington, "Today's Civil Nuclear Agreement reflects our shared dedication to strengthening European energy sovereignty and security for...

U.S. Factory Production Surprisingly Increased in December, amid a surge of primary metals production that offset a decrease at motor vehicle assembly plant. However, activity contracted in fourth quarter due to the challenges posed by import tariffs. Manufacturing is expected to improve this year, as President Donald Trump's import duties begin to ease and new tax legislation that made bonus depreciation permanent, among other benefits, comes into effect. A boom in artificial intelligence investments is also expected to provide support. However, some economists warn that the manufacturing environment remains fragile due to weak factory surveys. There are many reasons why...

Canada's main index of stocks fell on Friday as the mining sector suffered from a cooling in metal prices, and technology shares also retreated. However, the benchmark index was still on course for its second consecutive week of gains. As of 10:54 a.m., the S&P/TSX composite index was down by 0.3% to 32,941.12?points. ET. Materials index, which includes metal miner companies, fell 1.7% after gold, silver, and copper prices dropped from record highs. Endeavour Silver The TSX fell by the most amount of any other stock. Blackline Safety, a safety technology company, has seen its share of the information technology...

U.S. Factory Production unexpectedly increased in December amid a surge of primary metals production that offset a decline in motor vehicle assembly plants. However, activity contracted in the 4th?quarter due to challenges from import tariffs. The Federal Reserve announced on Friday that manufacturing?output? rose 0.2% in December after a 0.3% increase, which was upwardly revised. Economists surveyed by forecasted that production in the 10.1% sector would fall 0.2%, after an unchanged reading for November. In December, the production at factories grew by 2.0% year-over-year. It dropped by 0.7% annually in the fourth quarter, after increasing at a 2.8% rate in...

Gold prices extended losses ?from the previous session on Friday, as stronger-than-expected U.S. economic data and ?easing ?geopolitical tensions in Iran hampered bullion's bullish momentum. By 1217 GMT, spot gold had fallen 0.1% to $4610.86 an ounce. The metal is expected to gain 2% in a week after reaching a record high of $4,642.72 Wednesday. U.S. Gold futures for delivery in February edged down 0.2% to $4,615. Carsten Menke, Julius Baer analyst, said: "There used to be a lot of momentum in the gold market. It seems that it has waned a bit at the moment ....the recent economic news...

Bipartisan U.S. legislators will meet with the leaders of Denmark, Greenland and Iceland on Friday to assure them of the support of Congress despite the threats of President Donald Trump to seize Arctic?island. Trump has said that Greenland's strategic location and its large mineral supply are vital to U.S. national security. He has also not ruled out using force to seize it. The European nations sent a small number of military personnel this week to the island on Denmark's request. According to Frederiksen’s office, the 11-member U.S. delegaion, led by Democratic senator Chris Coons was to meet Danish Premier Mette...

Gold prices ticked lower on ?Friday, extending losses from the previous session, as stronger-than-expected U.S. economic data ?and ?easing geopolitical tensions in Iran hampered bullion's bullish momentum. Gold spot prices fell 0.3% at $4,603,02 per ounce as of 0918 GMT. The metal is expected to gain 2% in a week after reaching a record high of $4,642.72 Wednesday. U.S. Gold futures for delivery in February edged down 0.4% to $4,606.70. Carsten Menke, Julius Baer analyst, said: "There used to be a lot of momentum in the gold market. It seems that it has waned a bit at the moment ....the...

Worthington Steel is planning to purchase Germany's Kloeckner and?Co. The deal values the metals trading company at $2.4 billion. Kloeckner & Co., with over 100 locations in North America and Europe, provides a wide range of products, including?carbon flat-roll?steel, electrical steel and aluminum. Swoctem is the largest shareholder of Kloeckner & Co. and has agreed to offer?its 41,53 % stake in the offer. This will be subject to a minimum acceptance threshold of 65%??of all outstanding???shares. Kloeckner & Co's shares rose by 25% in the pre-market. Worthington stated that the all-cash transaction will be conducted via a voluntary bid offer...

?Gold extended its losses on Friday after stronger-than-expected U.S. economic ?data ?dampened expectations of the U.S. Federal Reserve cutting interest rates sooner and softening geopolitical frictions shrunk safe-haven demand for the metal. By 0619 GMT, spot gold was down 0.2% at $4,604.39 per ounce. The metal is expected to gain 2% in a week after reaching a record high of $4,642.72 last Wednesday. U.S. Gold Futures for February Delivery edged down 0.3% to $4,608.50. Kyle Rodda is an analyst with Capital.com. He said that the downward movement in gold began when the United States lowered the likelihood of any kind...

The copper price fell to a new low of one week on Friday, mainly due to profit-taking following a rally driven by speculative fund managers. Meanwhile,?demand for physical copper in China was muted. Benchmark?three month copper on the London Metal Exchange fell 1.2% to $12,955 per metric tonne by 1100 GMT, after reaching its lowest level since January 9 at $12,774.5. Metal used in construction and power is down 5% from a record high of $13,407, reached on Wednesday. China's securities regulator, which is the world's largest metals consumer, has vowed to crackdown on excessive speculation following this week's near...

Iron ore futures fell on Friday, as the high prices and thin margins discouraged buyers in China, the world's largest consumer. As of 0330 GMT, the most-traded contract for May iron ore?on China’s Dalian Commodity Exchange?traded 0.43% lower to?812.5 Yuan ($116.64), a metric tonne. This week, the contract has fallen by 0.25%. The benchmark iron ore for February on the Singapore Exchange fell 0.34% to $106.7 per ton. According to Mysteel's data, released on January 15, the total stocks of iron ore imported into China's main ports rose?for an eighth consecutive week? to a new record high of 165.6 millions...

Iron ore futures rose on Wednesday as China reported record steel exports and its highest-ever monthly imports. As of 0326 GMT, the most-traded contract for May iron ore on China's Dalian Commodity Exchange was up 0.49% at 824.5 Yuan ($118.17). The benchmark iron ore for February on the Singapore Exchange rose 0.29% to $108.65 per?ton. Data from the General Administration of Customs revealed that China's steel imports reached a monthly record high in December, fueled by front-loading, prompted?by Beijing’s announcement of requiring export licenses for shipments starting 2026. Imports of iron ore?also reached a record in December, as well as...

China's rare-earth?exports reached their highest level in at least 2014 even though Beijing started?restricting?shipments of various medium to heavy elements starting April. Data from the General Administration of Customs revealed that the world's largest producer shipped out a total of 62.585 metric tons of this group of 17 components used in consumer electronics, automobiles, and defence equipments, with an increase of 12.9% annually. In April, China added magnets and seven heavy and medium rare earth elements to its export control list as a response to hefty U.S. duties. This led?to an abrupt drop in magnet exports in April & May....

The copper price rose to a record high on Wednesday as supply concerns overshadowed a stronger dollar. Meanwhile, tin prices also reached a record high due to speculative purchases amid a growing geopolitical unrest. After hitting a record high of 105,650 Yuan per metric tonne earlier in the morning, the most-traded contract for copper on the Shanghai Futures Exchange ended the morning session 1.68% higher, at 104970 yuan. Benchmark three-month copper on the London Metal Exchange rose 1.55% to $13,367.5 a ton at?0340 GMT. This is a slight retreat from a record high of $13,400 per ton. Copper's resiliency in...

Iron ore futures fell on Tuesday as'shrinking margins for steelmakers in China, the top consumer, were squeezed by high prices and dampened purchasing appetite. The May contract for iron ore on China's Dalian Commodity Exchange ended the day trading 0.24% lower, at 819.5 Yuan ($117.47). As of 0717 GMT, the benchmark for February iron ore traded on the Singapore Exchange dropped?0.81%. Over the past five months, the benchmark has been?above an important psychological level of $100. Steelmakers resisted buying cargos at high prices, reducing the amount of liquidity on?the spot markets. Mysteel data showed that the total volume of seaborne...

Iron ore futures in Dalian edged up on Tuesday due to a restocking of steelmakers' stocks by the top consumer, China, ahead of the Lunar New Year holiday. As of 0255 GMT, the most-traded contract for May iron ore on China's Dalian Commodity Exchange was 0.24% higher. It stood at 823.5 Yuan ($118.06), per metric ton. The benchmark iron?ore for February on the Singapore Exchange fell 0.26% to $108.9 per?ton. According to a report from the consultancy Mysteel, global iron ore shipment from Australia and Brazil dropped?by 1,36 million tons on a week-to-week basis, but total volume arriving in China...

Prices of copper fell on Tuesday, as the expectation for rate reductions in the United States eased. This prompted a round of profit-booking. As of 0243 GMT, the most traded copper contract on the Shanghai Futures Exchange had fallen?0.36%?to 102,600 Yuan ($14,706.73) a metric ton. The contract reached a high of 104,800 Yuan during the session. This is close to the previous record of 105,500 Yuan, which was set last week. The benchmark three-month copper price on the London Metal Exchange fell 0.6% to $13,130 a ton. JP Morgan has said that it does not expect the Federal Reserve to...

The copper price rose on Monday as a result of a lower dollar and the?rising hope of better demand, with China - its largest buyer - planning to?roll out a set of policies that will spur domestic?consumer?demand. The Shanghai Futures Exchange's most traded copper contract closed the daytime trading 3.14% higher, at 103430 yuan per metric ton ($14,829.74). On January 6, it reached a record-high of 105,500 Yuan. By 0758 GMT, the benchmark three-month copper price on London Metal Exchange had risen?1.7% to $12,219.5 per ton. Benchmark reached its highest level at $13,387.5 per ton on January 6th. China's cabinet...

Prices of copper rose on Monday as the dollar fell and expectations of better demand grew. China, the world's largest copper buyer, plans to introduce a package?of policies designed to boost domestic consumer demand. By 0151 GMT, the most traded?copper contracts?on Shanghai Futures Exchange had risen 2.91%, to 103200 yuan (US$14,792.94) a metric ton. On January 6, it reached a record-high of 105,500 Yuan. Benchmark three-month Copper on the London Metal Exchange rose 1.22% to $13,156 a ton. The benchmark reached its highest level at $13,387.5 per ton on January 6 China's cabinet met on Friday under the leadership of...

The Japanese ship left on Monday to explore a coral atoll rich in rare Earths. This is part of Tokyo's efforts to reduce its dependence on China as the latter tightens up supply. The Chikyu test vessel will spend a month near Minamitori Island, 1,900 km (1200 miles) south of Tokyo. This is the first time in the history of mankind that sludge from the seabed can be continuously lifted onto a ship. Japan has reduced its dependency on China, as have its Western allies. These minerals are vital for the production of smartphones, military equipment and cars. This effort...

VHM, an Australian rare earths mining company, announced on Monday that it has terminated the?offtake contract with China's Shenghe Resources in relation to its Goschen rare Earths project? after conditions precedent were not met. If current trends continue, shares of?VHM could rise as much as 12.1% in early trading to A$0.465. This would be their best day since the 10th November. VHM stated that the decision was a sign of its intention to reach out to a larger pool of buyers, as global demand for minerals critical is increasing from buyers outside China. Macquarie Capital was hired by the company...