Mining

Canada's main stock index reached a new record on Tuesday, thanks to gains in mining and energy stocks. Investors also analyzed U.S. inflation figures for clues about the Federal Reserve's future interest rate policy. As of 10:43 a.m., the S&P/TSX composite index was 0.2% higher at 32,924.5. ET, the index briefly touched an intraday high of 32,978.58 points earlier in session. Energy sector gains 2% as crude oil prices rise, as fears of supply disruptions from unrest in Iran outweigh the prospects for increased production in Venezuela. Materials sub-index, which includes precious metals miners, rose 1.2%, reaching a new peak,...

The price of gold hit a new record on Tuesday as U.S. inflation data fueled bets that the Federal Reserve will cut rates this year. As of 11:21 am, spot gold rose 0.4% to $4.609.69 an ounce. ET (1621 GMT), after a session high of $4634.33. U.S. Gold Futures for February Delivery rose by 0.1% to $4 617.90. David Meger said that the CPI data was a factor in the slight 'positive' tone in the market. This is because the CPI data indicates a greater likelihood of future Fed rate cuts. The core Consumer Price Index for the U.S. The...

The upward trend in gold and silver has resumed. Bullion is now above $4,600 per ounce, and brokerages are predicting $5,000, as a number of factors intensify and boost the metals' safe-haven appeal. On Monday, spot gold reached a high of $4,629.94?per?ounce, while silver rose to a new record of $86.22/oz during the same session. Metal has gained over 6% in only 13 days for 2026 after breaking multiple milestones last year and gaining 64 %. Major brokerages predict that gold will reach $5,000/oz by 2026. They expect safe-haven demand due to geopolitical tensions, monetary policy ease, ETF inflows, and...

L3Harris will separate rocket motor unit to IPO in 2026 Pentagon's investment marks the first direct-to supplier partnership Conflicts of interest may cause scrutiny to be placed on transaction structure By Mike Stone Jan 13: The U.S. Government will invest $1 billion into L3Harris Technologies, a growing rocket motor business. This investment will ensure a constant supply of motors that are used in many missiles including 'Tomahawks' and Patriot interceptors. In New York, shares were up 11.4% during pre-market trading. This deal is the latest investment by the U.S. Government in Corporate America. Previous investments include a 10% stake at...

Official blames 'terrorists' for deaths Protests are a result of a rotten economy The biggest challenge for authorities in recent years Elwely Elwelly DUBAI, January?13, - An?Iranian Official?said that about 2,000 people, including security personnel, have been 'killed during protests in Iran. This is the first time the authorities have admitted the high death toll following an intensive crackdown after two weeks of unrest across the country. Speaking to, the Iranian official said that what he referred to as 'terrorists' were responsible for both the deaths of protesters and security staff. The official didn't give any breakdown of the deaths....

L3Harris spins off rocket motor unit to be listed on the IPO market in 2026 Pentagon's investment marks the first direct-to supplier partnership Conflicts of interest may cause scrutiny to be placed on transaction structure By Mike Stone Jan 13 - U.S. Government will invest $1 billion into L3Harris Technologies rocket motor business. This investment guarantees a constant supply of the much-needed motors that are used in missiles like Tomahawks, Patriot interceptors and other types of missiles. The deal represents the latest U.S. Government investment in Corporate America. This includes a 10% stake at chip maker Intel, and investments in...

CME Group, the U.S. exchange operator, announced Monday that it will change the way 'it sets margins on precious metals in order to ensure adequate collateral coverage due to the current market volatility. CME announced in an announcement that, as of January 13, it will determine margins for gold and silver, platinum, palladium, and other metals based on percentages of the contract value. Previously, the margins were based on dollar values. Margin is the amount of money that a futures market participant must deposit to cover any default risk. In response to increased price volatility, exchanges typically increase margin requirements....

Maximo Pacheco, the chairman of Chilean state-owned miner Codelco, said on Monday that it is expected to produce about 1.344 million metric tons (about 10,000 tons more) of copper by 2026. Pacheco stated that Codelco, as the world's biggest copper producer, will achieve a copper output of 1,33 million tons by 2025. The company also produced 100,000 tons of copper in partnership with other companies. Pacheco stated that the company's strategy was to "find copper" and to develop structural projects that would expand and prolong the life of our copper mines. The company will invest $150 million into exploration by...

Atlantic Alumina Company announced that the U.S. Government and a Pinnacle?Asset Management?affiliate have invested more than $450?million into the alumina?producer in order to?boost the domestic output and build a large-scale primary galium production circuit. Atlantic Alumina or ATALCO announced on Monday that the U.S. Department of War had invested $150 million as preferred equity. Pinnacle, through its?affiliate Concord Resources Holdings?, has also put more than $300 million of private capital into play. The Trump administration is stepping up its efforts to secure U.S. mineral supply chains, including shifting federal support from grants to direct equity stakes. Washington wants to reduce...

QXO announced on Monday that it had secured $1.8 billion in additional financing from Apollo Global Management, Temasek, and other investors. The firm of?billionaire Brad Jacobs? is targeting acquisitions in the consolidating U.S. Building-Products Industry. After the building products supplier, QXO has committed to a new investment of $3 billion. Raised $1.2 billion Last week. QXO has said that it will structure the funding in a previously-disclosed series of convertible perpetual preferred stock, and use the proceeds for future acquisitions. M&A activity in the U.S. construction products industry has increased, as firms have sought to scale up and 'localize supply...

The U.S. Environmental Protection Agency rejected Colorado's plan on Friday to comply with regional haze regulations by closing its coal plants. It said the state "needs" the plants to continue running to maintain reliable power. The agency stated that Colorado's plan to reduce pollution from sulfur dioxide and nitrogen oxidation, which causes haze and smog in national parks and wilderness regions, violated the Clean Air Act since the state failed to?get the consent of one of the coal plant targeted for an early retirement. Why it's important The Trump administration is extending the life of coal-fired plants in order to...

BlueScope Steel’s largest investor, AustralianSuper said on Friday that it supported the Australian company's decision to reject a $9 billion offer from U.S.-based Steel Dynamics and?SGH?. After announcing its increase in stake on Thursday, the pension fund now holds 13.52 % of BlueScope. BlueScope rejected the $A30 offer from?SGH & Steel Dynamics on Wednesday, saying that it was "very significantly undervalued". The company also accused the acquirers of trying to buy BlueScope 'on the cheap. AustralianSuper's spokesperson stated that "we support the BlueScope Board's decision to reject the offer and remain focused on executing the company's strategy, without distraction." The...

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...

Pan Pacific Copper (PPC), Japan’s largest supplier, has offered to sell the metal to domestic customers for a record price of $330 per metric ton by 2026. This was revealed on Friday by a source within the company. It reflects fundamentals of demand and supply. The physical delivery rate is three times higher than the benchmark LME price of $88, and is paid over and above LME benchmark prices. The rate also includes costs such as taxes and transport. The source said that this year's rise is due to a steep fall in treatment and refining fees (TC/RCs), which are...

The Wall Street Journal reported Thursday that China has restricted exports to Japanese firms of powerful magnets containing rare earths, and other products containing them, after Beijing banned the?exports to Japan of dual-use items. Journal: China's restrictions on rare earths are applicable to all Japanese industries, not just the defence industry. China's Commerce Ministry said Thursday that the export ban to Japan on dual-use products will only apply to military firms. He Yadong told reporters that "civilians will not be affected." China announced Tuesday that it would ban the export of dual-use products with possible military applications to Japan. The...

Dalian iron ore prices fell for the second time on Friday, due to higher portside inventories of this key ingredient in steelmaking. However, expectations that demand would improve kept prices on track towards a weekly increase. The May contract for iron ore on China's Dalian Commodity Exchange closed morning trade at 816 Yuan ($116.92), a 0.5% decrease. The contract is up 3.4% this week. By 0337 GMT the benchmark February iron ore price on the Singapore Exchange had risen 2.7% to $108.25 per ton. Data from Mysteel revealed that inventories of?imported ore in major Chinese ports had risen for the...

Nickel and copper are expected to finish the week on Friday higher, despite recent selling as investors took profits after a rally. As of 0315 GMT the most active?copper contracts on the Shanghai Futures Exchange had declined by 0.98%, to 100,870 Yuan ($14452.74) per metric ton, and were poised to end?the?week up 2.13%. The benchmark London Metal Exchange three-month copper, however, increased 0.69%, to $12,808 per ton. This was a 2.64% gain for the week. Shanghai copper reached a record of 105,500 Yuan per ton earlier this week. London copper also peaked at 13,386.50. The pullback in copper prices since...