Mining

Gold prices rose more than 1% Thursday, as oil prices fell?on the back of optimism about a possible?end to Iran conflict. This caused the dollar to rise and bond yields to drop. As of 1:41 pm EDT (1741 GMT), spot gold was up by 1% to $4,476.85 an ounce. U.S. Gold Futures for August Delivery settled 0.9% higher at $4,505. Independent metals trader Tai Wong says that reports of a ceasefire agreement between?Israel? and Lebanon? have pushed the dollar and bond yields up, which has helped gold to hold above?the 200-day moving averge. Israel and Lebanon announced late on Wednesday...

Gold prices rose more than 1% on Thursday, as oil prices fell due to optimism about a possible end to the Iran Conflict. This led to a fall in bond yields and pressured the dollar. As of 9:05 am EDT (1305 GMT), spot gold was up by 1.7% to $4,505.35 an ounce. U.S. Gold futures for August delivered gained 1.5%, to $4,532.80. The dollar and bond yields have been pushed up by reports of a?deal for a ceasefire between Israel and Lebanon, according to independent metals trader Tai Wong. This has helped gold hold just above the 200-day moving averge....

Gold prices grew on Thursday as a result of lower 'crude oil' prices and a weakened dollar, with investors assessing renewed expectations regarding a U.S.-Israeli resolution to their war against Iran. As of 0559 GMT, spot gold was up by 0.8% to $4,468.84 an ounce. U.S. gold for August delivery rose 0.7% to $4495.70. Dollar eased making greenback bullion prices more affordable for holders other currencies. Gold's gains are still heavily dependent on oil and the dollar. It only rises when they retreat, so it is highly dependent on the positive U.S. - Iran headlines to sustain any momentum," said...

'Sunshine Silver Mining & Refining Company' raised $270m in its U.S. Initial Public Offering on Wednesday. It joined a growing number of 'companies rushing for new listings to capitalize on a resurgent investor enthusiasm. The Kellogg company, based in Idaho, sold 20,000,000 shares at $13.50 each, the low end of their indicated range. This move coincides with a surge in IPO activity in the United States?in 2026. High-profile names like Elon Musk's SpaceX, and AI giant Anthropic are preparing to make their debuts in the coming days. CopperTech Metals, a mining firm that filed for a New York IPO on...

According to a White House spokesperson, U.S. president Donald Trump plans to use Cold War national defense powers in order to send $700 million towards coal plants. The official said that Trump could announce on Thursday he would invoke the Defense Production Act of 1950, which grants presidents broad?authority to national security-related industries. He will upgrade more than 12 coal power plants and build a massive West Coast Coal Export Terminal, as well as match corporate funds for the construction of new power plants. The person who spoke under condition of anonymity did not want to "preempt" the President's announcement...

?Gold prices fell on Wednesday as a result of a stronger dollar, and rising oil prices. The conflict in the Middle East continued to dampen hopes for a quick resolution of the U.S. - Iran conflict. By 1128 GMT, spot gold had fallen 0.5% to $4463.74 an ounce. U.S. Gold Futures for August Delivery fell 0.6% to $4492.00. Gulf hostilities flared up again on Wednesday as an Iranian missile attacked Kuwait's airport, and the U.S. Military carried out strikes near the Strait of Hormuz. Diplomacy between Washington, Tehran and Tehran made little progress. Due to the renewed conflict in the...

The 'dollar' strengthened on Wednesday, and oil prices rose as the conflict in the Middle East continued. This dimmed the hopes of a quick resolution to the U.S. - Iran conflict. By 0922 GMT, spot gold had fallen 0.8% to $4449.19 an ounce. U.S. Gold Futures for August Delivery fell 0.9% to $4478.40. On Wednesday, Gulf hostilities erupted again, with an Iranian missile attack damaging Kuwait’s airport, and U.S. strikes near the Strait of Hormuz. Diplomacy between Washington, D.C., and Tehran had made little progress. Due to the renewed conflict in the Middle East, gold is under pressure. Oil prices...

The Finnish?elevator manufacturer Kone announced on Wednesday that its shareholders had approved the planned $34 billion purchase of German rival TK Elevator. This will create the largest lift group in the world. LSEG data shows that the deal announced with Advent International and Cinven in April is one of Europe's?"biggest takeovers" in recent years, and it is also the largest private equity sale in Europe since records began in 1980. Kone said shareholders who controlled 74% of the voting power pre-committed themselves to support the deal. After the shareholders meeting, CEO Philippe Delorme spoke at a press briefing. "Now we...

The price of copper eased on Tuesday as investors locked in profits after prices reached a two-week high. Meanwhile, uncertainty around a U.S. metal tariff limited losses. As of 0715 GMT, the benchmark 'three-month copper' on the London Metal Exchange had fallen 1.09% to $13,887 per metric tonne. On Tuesday, it reached a two-week high of $14,056, surpassing the $14,000 barrier. The Shanghai Futures Exchange's most active copper contract gained 0.37%, closing daytime trading at 106.380 yuan. ($15,712.51) per ton. This is lower than the 3-week high of 107.420 yuan, which was set during evening trade. As the deadline for...

Copper prices fell on Wednesday, as investors locked-in profits after the metal reached a two week high. However, uncertainty around a U.S. Tariff on the metal limited losses. As of 0245 GMT, the benchmark three-month price for copper at the London Metal Exchange fell?0.43%. It was $13,980.50 per metric ton. It?touched an over two-week-high and surged beyond the $14,000 mark on Tuesday. The Shanghai Futures Exchange's most active copper contract gained 0.78%, to 106 820 yuan (15 785.90 dollars) per ton. This is lower than the evening trading high of 107.420 yuan, which was set three weeks ago. As the...

CopperTech Metals, which is pursuing the Trump administration's push for mineral self-reliance, reported an increase in revenue when it filed for its initial public offering in the United States on Tuesday. The IPO market in the United States has recovered with big names like Elon Musk’s SpaceX, and AI giant Anthropic seeking to go public. Vedanta Resources, the global mining conglomerate, set up CopperTech Metals as a U.S. based integrated copper and cobalt manufacturer to own and run the Konkola Copper Mines located in Zambia's Copperbelt Province. Vedanta has announced that it will launch CopperTech in November of 2025. The...

People familiar with the situation say that the CIA has stopped contributing to certain intelligence assessments produced by the office nation's top spy, such as those regarding the Iran War. This is because disputes have erupted over intelligence sharing and areas of responsibility. A?U.S. official and three people with direct knowledge of the matter said that the infighting between the CIA (Central Intelligence Agency) and the Office of the Director of National Intelligence has been raging for over a year. This has disrupted collaboration on national intelligence analyses?onwhich presidents have long relied to navigate through complex foreign challenges. Officials and...

Iron ore prices fell on Thursday, recording their largest daily loss in a period of 'nearly 2 months. This was due to rising concerns over demand from China, the top steel consumer. Steel margins are shrinking and steel consumption is weakening amid high input costs. The largest iron ore contract traded on China's Dalian Commodity Exchange ended daytime trading down 1.85%. This is the biggest daily loss since the 9th of April. It closed at 767.5 Yuan ($113.32), the lowest level since the 16th of April. As of 0800 GMT, the benchmark July 'iron ore' on the Singapore Exchange fell...

Iron ore prices continued to fall on Thursday, reaching a 'lowest level in over six weeks.' This was due to rising concerns regarding demand from 'China, the worlds largest steel consumer. Iron ore, the most traded contract on China's Dalian Commodity Exchange(DCE), fell by 0.96% at 0327 GMT to 774.5 Yuan ($114.32) per metric ton. This was its lowest level since April 20, As of 0317 GMT the benchmark?July Iron Ore traded on the Singapore Exchange had fallen 0.93% to $102.7 per tonne, after having hit its lowest level since April 14, at $102.5. Analysts said that demand for iron...

The copper price?retreated? on Wednesday, after renewed hostilities in Iran's?war undermined the optimism of an imminent resolution and boosted the?dollar. However, the prospect of U.S. Tariffs have limited the downside. Benchmark 'three-month copper at the London Metal Exchange fell 0.9% to $13,914 per metric tonne by 0930 GMT. In the previous session it had reached its highest level in over two weeks, with a 1.5% gain. Gulf hostilities erupted on Wednesday, as diplomacy between Washington & Tehran showed little progress. The markets have moved to a more risk-averse environment as a result of the exchange of fire. Oil prices rose...

The market rose more than two weeks on Tuesday, as the?unresolved U.S. Tariff uncertainty and the tightening of supply outside the United States supported it. Middle East peace talks also remained a focus. As of 0258 GMT the benchmark?copper?three-month contract on the London Metal Exchange rose 0.32% to $13,876.50 per metric ton, its highest level since May 15. The Shanghai Futures Exchange's most traded copper contract rose 1.32%, to 106,050 Yuan ($15.682.77) per ton. The White House amended tariffs on certain copper, aluminum, and iron imports, and lowered duties on some agricultural and industrial equipment. However, the order did nothing...

China's finished exports of steel to 'India' more than doubled to their highest level in at least two years in April, causing concern amongst the steel makers in India that they would be overwhelmed by low-cost products despite tariffs. According to data provided by the Indian government, China exported around 232,000 metric tonnes of finished steel during April. It was the largest exporter of this steel into the South Asian country. This is despite the fact that?India, which is the second largest crude steel producer in terms of production, had imposed import tariffs on certain grades from December for a...

Chinese coking coal prices rose on Monday to a 19-month-high, after a provincial-level meeting about mine safety in coal-rich Shanxi heightened supply concerns caused by production halts following a fatal accident last month. According to an official WeChat post on Sunday, Shanxi, in northern China, held a meeting Saturday regarding a special campaign to correct safety risks and hidden hazards in coal mines. Officials in China's largest coal-producing hub have pledged a "zero tolerance approach" for identifying and punishing illegal acts, such as hidden underground tunnels, safety fraud, and illegal mining outside the permitted areas and layers. A fatal mine...

Chinese coking coal rose on Monday, reaching a 19-month high. A provincial-level meeting of mine safety in 'coal-rich Shanxi' reinforced the supply concerns that were stoked following production halts last month at some mines. According to an official WeChat post on Sunday, Shanxi in northern China held a meeting Saturday regarding a special campaign to correct safety risks and hidden hazards in coal mines. Officials in China's largest coal hub have pledged to take a "zero tolerance approach" and to identify and punish all illegal acts, including hidden tunnels, frauds in safety monitoring, and illegal mining outside the allowed area...

Two sources who are familiar with the matter confirmed that SAIC Motor would sell a 10% additional stake in JSW MG Motor in India. This will make JSW, the local partner, the largest shareholder in the unit. SAIC Motors' decision comes after the Chinese company struggled to expand operations and raise equity due to New Delhi investment restrictions, even though it had trimmed its ownership to 100% and brought in domestic partners including Sajjan Jindal’s JSW Group. SAIC owns a 49 percent stake in JSW MG Motor. Sources?said that SAIC will sell a stake of 10% to JSW. JSW's stake...

Viridis Mining and Minerals, an Australian rare earths mining company, is in advanced discussions with potential buyers in Europe and the U.S. regarding its Colossus Mine in Brazil's Minas Gerais state, according to CEO Rafael Moreno. He added that the company was not pursuing Chinese interests. Moreno, Viridis's president, said that the company opened its research and processing center for rare earths in Pocos De Caldas on Thursday. The project is geared towards reaching steady-state production at the end of the year 2028. Moreno said that the facility would produce the first rare earth mixed carbonate from the mine, which...

China's coal prices dropped on Wednesday, as concerns about steel demand trumped supply jitters caused by a fatal mine accident that occurred in the northern Shanxi Province. The accident had sparked a rally for two straight sessions. As heavy rains have hit southern regions, steel demand is showing signs of easing. Data from the state-backed Steel Association showed on Tuesday that China's daily crude output is expected to drop by 0.9%?from its first ten-day levels. As of 0315 GMT, the most traded coking coal contract at Dalian Commodity Exchange dropped?1.63% and was now worth $186.81 per metric ton. The DCE...

China's?weak production of steel and its robust imports of iron ore continue to contrast, and it is beginning to appear as?a structural change rather than just a temporary disruption. China, which is responsible for producing just over half the world's total steel, produced 86.63 million metric tons of steel in April. This was a 2.8% decline from the same month of 2025, and the lowest April figure since 2018. Steel production for the first four month of this year was 331.12 millions tons, down 4.1% on the same period of last year. According to official statistics, however, iron ore exports...

Analysts expect that the worst mining disaster in China's history will have a negative impact on the coal supply during the summer, when demand is usually high. Gas explosions at Liushenyu Mine in Northern?Shanxi Province killed 82 people late Friday night. Officials called for better safety oversight. President?Xi _Jinping has ordered an investigation. How much coal mining has been halted due to safety checks? According to an analysis by Mysteel analysts, as of Monday, 319,000 tons of coal per day were halted in 109 mines across Shanxi for safety inspections. This is typical after a fatal accident. Mysteel stated that...