Mining

Muyuan Foods shares closed slightly higher on Friday in Hong Kong, following the world's largest pig breeder. raised HK$10.7 Billion ($1.4 Billion) in a share sale This is the largest city-wide event so far in this year. The shares of the firm opened at HK$39 per share, matching their initial offer, and ended 3.9% higher, at HK$40.52, after trading between HK$38.98 and HK$41.72, with 40.59 millions shares worth HK$1.63billion changing hands. The benchmark Hang Seng Index ended 1.2% lower. This is the biggest share sale in Hong Kong in recent memory, surpassing Zijin Gold International $3.5 billion in September. Dickie...

CME Group, the world's largest commodities exchange, has raised the margin requirements on gold and silver contracts to reduce the risks of a heightened volatility in precious metals markets. Margin is the 'deposit' that investors pay to an exchange to cover their risk in case of default. When volatility increases in the market, exchanges will typically increase margins as a way to reduce risk. CME Group announced on Thursday that the margins for COMEX Gold Futures (100) have increased from 8% to 9% for accounts with a Non-Heightened risk Profile (Non HRP). The initial and maintenance margins on COMEX Silver...

Canada's Capstone Copper announced on Friday that its largest union at the Mantoverde copper and gold mine in?Chile approved a three-year contract. This ended a strike which began on January 2, and allowed production to resume normal. The Australian-listed shares of the miner fell by?3.9%, to A$15.430. This is their lowest level since January 23. The agreement brings an end to the labour strike which had reduced production in the?mine by about 55%. Capstone announced that it had?now negotiated new contracts for all four unions on the site. This allows the company to resume its full operations. Union No. Union...

Barrick Mining announced on Thursday that it will move forward with the?preparations of an initial public offering (IPO) of its North American assets, and appointed interim?head Mark Hill as its CEO and President. The company's shares listed in the United States rose by 2% during premarket trading. The company's Toronto shares dropped 6.7% during morning trading. Analysts said that the market punished the company because of high cost guidance, and the disclosure of the December payout to Mali. Martin Pradier is an analyst at Veritas Research. He said, "My concern about the cost increase is huge." Mali, when you factor...

According to a report published on Thursday, federal enforcement actions against polluting businesses in the U.S. dropped?to an historic low in 2025. This was the first year of President Donald Trump’s second term. According to an analysis conducted by the Environmental Integrity Project, only 16 civil lawsuits were filed by the Justice Department in civil court on behalf of Environmental Protection Agency. This is down from 76 complaints during the 'first year' of the Biden Administration, 81% less than the first 'year' of Trump's term, and 87% less than the first 'year' of former President Barack Obama. Why is this...

Canada announced on Wednesday that it would be scrapping its national mandate for electric vehicles, marking yet another retreat from climate measures by the Liberal government led by Prime Minister Mark Carney. Ottawa mandated in 2023 that by 2026, 20% of vehicles sold would be emission-free. Vehicle manufacturers were not happy with the push, claiming it imposed unsustainable cost and made them vulnerable to a new U.S. -administration that cut support for EVs. Canada is introducing stronger emission standards for the 2027-2032 model years, which will help it achieve its goal of 75%?EV sales in 2035 and 90%?EV sales in...

The prices of commodities such as crude oil, silver, and gold, all fell on Thursday after the leaders of China, the United States, and Iran spoke by phone. Investors reduced their positions due to a stronger dollar in which commodities are priced. Silver fell almost 15%, while gold, crude and copper dropped about 2%. Tony Sycamore is an analyst at broker IG. He said, "We have seen extreme volatility this week in precious metals, other commodities, and we are now experiencing some aftershocks." He added that "talks between Iran and United States seem to be on track again, which has...

Maas Group, an Australian company, announced on Thursday that it would be selling its building materials division up to A$1.70billion ($1.19billion) in order to pivot to artificial intelligence infrastructure. This caused its shares to drop by more than 26%. Maas Group is selling its Construction Materials (CM), a?unit, to Heidelberg Materials' local subsidiary, HMA. It will also invest A$100m in Nvidia AI infrastructure?firm Firmus Group, for a 1.7% share. The conglomerate was founded by former rugby player Wes Maas over 20 years ago. It is now selling an unit that generated approximately half of the A$219 millions in core operating...

Australia's Ardea Resource said that on Thursday, its Kalgoorlie Nickel Project received separate letters from Export Finance Australia (A$1 billion) and the U.S. Export-Import Bank to support a possible funding of up A$1 Billion ($699.90 Million). The funding will be used to support Kalgoorlie Nickel’s Goongarrie hub?project in Western Australia. This project is expected to supply nickel and cobalt which are both critical minerals in lithium batteries. Ardea shares jumped 9.6% by 0058 GMT to A$0.745, their highest level for nearly two weeks. They also snapped out of three sessions in losses. The 'Trump administration' has increased efforts to secure...

On Wednesday, the United States and Mexico unveiled a plan for developing a coordinated trade policy to?mitigate vulnerabilities in critical supply chains of minerals. This could include possible price floors on certain mineral imports. The plan does not mention China or its chokehold over the processing of these minerals. Instead, it calls on both nations to consult about including price floors into a binding multilateral agreement on trade. Separately Vice President JDVance announced plans on Wednesday to marshal allies to a preferential?trade?bloc in order to secure supply chains vital to advanced manufacturing. U.S. trade representative Jamieson Greer stated that the...

Italian nuclear startup newcleo announced on Wednesday that it had raised 75 million euros ($88.60) in a new funding round with contributions from new investors including Italian iron and steel group Danieli and Cementir Holding. The company has raised more than 105 million euro in the last 12 months. Total funding since the?2021 foundation is 645 million euros. This funding will help strengthen our research and technology infrastructure in Europe and accelerate our expansion into the United States, said newcleo CEO Stefano Buono in a press release. Buono said recently that the developer?of small modular reactors? aimed to capitalize on...

Ivanhoe Mines is in advanced discussions with Congo's Gecamines state miner and Swiss commodities trader Mercuria about channeling zinc-rich concentrates from its giant Kipushi mining to the United States, under Washington's newly developed strategic stockpiling program Project Vault. The deal is part of a larger agreement between the U.S., and the Democratic Republic of Congo in the area of minerals. Washington is intensifying its battle with China for control of Africa's vast mineral deposits. Project Vault, a $12 billion supply chain security programme launched by the U.S. on Monday and backed by private capital of $1.67 billion and a U.S....

The Singapore contract fell below $100 for the first time in November 2025. This is part of a broad commodities decline triggered by the fall of Wall Street tech stocks. The May contract for iron ore, the most traded on China's Dalian Commodity Exchange(DCE), ended daytime trade at 760.5 Yuan ($109.59) per metric ton. The contract ended the week 3.53% lower. As of 0722 GMT, the benchmark March iron ore traded on the Singapore Exchange had fallen 1.26% to $99.35 per ton. Iron?ore has fallen 4.28% this week and is set to have its 'fourth consecutive week of declines. After...

South Africa announced on Friday that the 'trade minister' had signed an economic framework partnership agreement during a trip to China. It described this as a "step" towards ensuring duty-free access for South African exports to the Chinese market. Africa's largest economy, which is the second largest bilateral trading partner in Africa after China, wants to boost its exports despite a dispute over tariffs with the United States. In August, U.S. president Donald Trump imposed the highest tariff rate in Sub-Saharan Africa of?30% on South African exports. The South African trade ministry announced in a press release that Minister Parks...

According to two sources familiar with the matter, Nippon Steel, Japan's largest steel company, is considering the sale of up to?500 billion yen ($3.2billion) in convertible bonds. This would be a transaction of unprecedented size in Japan. Sources said that the steelmaker was considering making a decision this month. They declined to name them as the information wasn't public. Reporting the potential issuance for the first. Nippon Steel stated in a press release that nothing had been decided. Following the release of this report, the company's shares fell by 2%. According to LSEG, at 500 billion yen the convertible bond...

According to two sources familiar with the matter, Japan's Nippon Steel may sell convertible bonds worth up to 500 billion yen (about $3 billion), in the largest transaction of its kind ever in Japan. Sources declined to name themselves as they did not want the information made public. Reports the potential issue for the first. Nippon Steel stated in a press release that "nothing is decided yet". Following the release of the report, shares in the company fell by 6%. According to LSEG data, at 500 billion yen the convertible bond issuance would be the largest in Japan. One source...

The 'China Gold Association' reported that China's gold demand dropped for the second year in a row, but the sales of bars and coins, fueled by a growing demand for safehavens, surpassed jewellery purchases for the very first time. The state-backed association reported that China's gold demand in 2025 will fall by 3.57%, or 950.096 tons. This is the second annual decline after the 98.58% drop in 2024. China's gold purchases in 2025 will surpass jewellery sales for the first time, as consumers view gold more and more as an investment. The purchase of gold jewellery has dropped sharply, by...

According to two sources familiar with the matter, Nippon Steel Japan is looking at selling as much as 500 billion dollars ($3.2 billion) in convertible bonds. This would be a major transaction in Japan. Sources said that the steelmaker was considering making a decision this month. They declined to be named because the information isn't public. Is reporting the potential issue for the first time. Nippon Steel didn't immediately respond to our request for a comment. According to LSEG data, at 500?billion yen the convertible bond issuance would be largest of its type in Japan. One of the sources stated...

Dalian iron ore contracts struggled to find direction on Wednesday. They?ultimately? slid downwards amid weaker sentiments as the end-use?demand?slows. The May Iron Ore contract most traded on the Dalian Commodity Exchange in China ended daytime trading 0.32% lower, at 781.5 Yuan ($112.67) per metric ton. As of 0714 GMT, the benchmark March iron ore traded on Singapore Exchange was $0.59 per ton higher. Shanghai Metals Market stated in a report that while hot?metal production is expected to increase week-on-week the restocking of steel mills has temporarily stopped. Galaxy Futures, a Chinese broker, said that production of hot-rolled coil and rebar,...

Shanghai copper rose Wednesday as investors responded to China's plans to increase its strategic reserves. The most active copper contract at the Shanghai Futures Exchange jumped 3.47% in daytime trading to close at $15,159.29 per metric ton. The benchmark 'three-month' copper on the London Metal Exchange fell 0.1% to $13,464.50 per ton at 0700 GMT. It held on to its Tuesday gains, which were its highest daily percentage gain since April 2022. Copper's previous session gain was after it joined a two sessions plunge in metals, led by gold and Silver to lose up to 15% from its record established?on...

Shanghai copper rose on Wednesday, as investors responded to China's plans to increase its strategic reserves. As of 0330 GMT, the most active copper contract at the Shanghai Futures Exchange had risen 2.45% to 103120 yuan (US$14,864.57) per metric ton. The benchmark three-month copper price on the London Metal Exchange fell 1.11% to $13,328.50 per tonne. An official of the China Nonferrous Metals Industry Association, a state-backed organization, said Tuesday that China would expand its strategic copper reserves. The association also added that it will explore creating a system for commercial stockpiling led by state owned enterprises. According to an...

Dalian iron ore prices were unable to find direction on Wednesday as traders tried to balance a possible rise in the production of hot metal against a general 'weakness' due to a slowdown in end-use demand. As of 0326 GMT, the?most-traded?iron ore May contract on China's Dalian Commodity Exchange traded flat at $784 yuan (US$113.01) per metric ton. The benchmark March ore traded on the Singapore Exchange rose by 0.98% to $103 per?ton. Shanghai Metals Market stated in a report that while hot metal production is expected to increase week-on-week the restocking of steel?mills had temporarily stopped. Chinese broker Galaxy...

Official data released on Tuesday showed that Zimbabwe's exports for lithium-bearing battery metal spodumene concentrated rose by 11% between 2025 and 2025. However, the weaker global prices kept the export revenue flat. The Minerals Marketing Corporation of Zimbabwe, an agency of the Zimbabwean government, said that the exports of spodumene totaled?1.128 metric tons for the year ended December 20,25 compared to 1.014 metric tons the previous year. Zimbabwe, Africa's largest lithium producer, exported spodumene worth $513.8 millions last year. This was a marginally lower amount than the $514.5 that it had sold in the year before due to lower prices....

The head of the mining lobby in Ghana has said that Ghana's finance minister offered to reduce a mining tax by two percentage points to help push a new gold royalties regime through. Africa's leading gold producer is looking to replace the flat rate of royalty with a sliding scale between 5% and 12% in order to maximize value at a time when prices are surging. The new gold royalties regime will come into effect in 21 days if parliament does not amend it. It adds one percentage point to every $500 increase in gold prices, similar to Burkina Faso's...