Mining

Export Finance Australia has sent a non-binding support letter to Latrobe Magnesium, Australia. The letter could be used to fund the construction of a magnesium plant in Victoria. The U.S. will provide support for the development of stage 2 of the commercial magnesia extraction facility as part of a deal with Australia that aims to counter China's dominance of the minerals industry. Magnesium, which is used to produce steel and titanium in China, is the world’s largest producer. Construction of the 'plant, which will process up to 10,000 tons of magnesium each year, is estimated to cost approximately A$250,000,000 ($166.70...

The Trump administration rolled back protections on Monday for the greater Sage-grouse in 8 western states of?U.S. The Trump administration has opened up more federal land for energy and mineral development. The Bureau of Land Management (BLM) said that proposed changes would allow more development space than was allowed in 2015 plans while still protecting some important habitats for endangered birds across 65 million acres of sagebrush land. The agency said that the changes made to sage grouse protections are in accordance with two executive orders signed by Donald Trump earlier this year, which were intended to unleash U.S. production...

Stocks of cannabis companies rose Thursday following a?U.S. The U.S. President Donald Trump signed an order to loosen federal regulations on marijuana, the largest shift in marijuana laws since 1970. The decision to reclassify marijuana as a less harmful drug does not legalize it, but rather improves the operating environment for businesses by improving capital access, reducing taxes and accelerating research and development. In afternoon trading, U.S. listed shares of Tilray rose over 6%. Aurora Cannabis?rose almost 9%. SNDL rose 6%. And Canopy Growth gained close to 12%. According to senior administration officials, Trump's order "directs" his attorney general to...

According to a?memo from the company,?Barrick Mining of Canada has retaken operational control over its?Mali mine. Sebastiaan Bok, Director of Operations in Africa and the Middle East, sent a memo stating that Barrick would resume production gradually, and focus on mandatory training to employees and contractors. After two years of negotiation, the two sides reached an agreement to settle their dispute regarding Barrick's operations in West Africa. Barrick's disagreement with the military-led government over a new mining code led to a suspension of operations at its gold mine complex in January. A provisional administrator appointed by a Mali court took...

Canada's main index of stocks gained on Thursday after a U.S. inflation report that was lower than expected boosted expectations about Federal Reserve rate cuts. By 10:06 a.m., the?S&P/TSX composite index had risen 1% to '31,567.25?points. ET, after four consecutive days of modest losses. Cannabis companies Curaleaf Canopy Growth and Tilray have jumped between 2% and 21.5%. This is a continuation of their recent rally fueled by the expectation that U.S. president Donald Trump will sign an executive directive easing federal marijuana regulations. After Micron Technology's optimistic forecast, the technology index led gains in all Canadian sectors. The data showed...

Stocks of cannabis companies rose on Thursday in premarket trading, fueled by expectations that U.S. president Donald Trump will sign an executive order easing federal regulations on marijuana. The debate about marijuana regulation is dominated by calls to reclassify marijuana as a safer drug. This would be the "most significant" change in marijuana policy ever since 1970. This reclassification would not legalize marijuana, but it could reduce tax burdens on firms, speed up research, allow for standard drug development, and improve access to capital. Tilray shares listed in the U.S. gained?nearly 5%. SNDL rose 3%. Canopy grew more than 5%....

Silver's inclusion on the U.S. Critical Minerals?list and a wave momentum buying has propelled it to a new record high. Prices are expected to end 2025 more than twice where they started. Silver has gained over 120% in the past year, and according to LSEG's data dating back to 1982, is on track for its best-ever annual performance. The metal is beating safe-haven, gold which is expected to rise 64% by 2025. On Wednesday, spot prices reached a new record high of $66.87/oz. The current rally is largely driven by investment. The rally has a strong fundamental basis, but these...

The world is blind to the horrors of Sudan DRC is hellscape for women Twelve crises that are often overlooked by the public Emma Batha Experts warn that aid operations are in danger of collapsing and two cities are on the brink of famine. Abdurahman Sharif, director of Save the Children's humanitarian department, said that the Sudan crisis should dominate the front pages of the newspaper every day. "Children live a nightmare in plain view, but the world continues to look away shamefully." The Democratic Republic of Congo, widely regarded as the deadliest war since World War Two is ranked...

The?mining?chamber of Namibia said that for the first time in history, Namibia's diamond revenues were exceeded by other minerals. Record gold prices and increased uranium production helped to offset the effect?of low gem?prices. Namibia has always relied on diamond income to boost its state coffers. It accounts for around 30% of Namibia's export earnings. The natural diamond industry has seen a decline in prices since mid-2022. This is mainly due to the growing popularity of laboratory-grown gems. According to the tax collector, the revenue generated by diamonds fell 79% from the previous year in the six-month period ending September. In...

The dollar index fell on Tuesday after the U.S. jobs data showed that the unemployment rate rose from September to October. This boosted bets for rate cuts by the U.S. Federal Reserve. As of 01:48 pm, spot gold rose 0.2%, to $4,310.21 an ounce. ET (18:48 GMT). U.S. Gold futures ended the day 0.1% lower, at $4332.3. The U.S. Dollar fell to a two-month low. This made greenback-priced gold more affordable for buyers overseas. Benchmark yields on 10-year U.S. Treasury notes also?edged down. "The data give the Fed more reasons to cut rates. If they do, it's 'bullish' for gold......

Gold rose on Tuesday, after a U.S. employment report showed that?the?unemployment rate increased last month compared to September. This reinforced bets for rate cuts by the U.S. Federal Reserve. The dollar index also fell. As of 11:17 am, spot gold rose 0.2% to $4.308,31 per ounce. ET (1617 GMT). U.S. Gold futures rose 0.1% to $4,340.20. The U.S. Dollar?fell to its lowest level in two months, making the price of greenback bullion more accessible for overseas buyers. Benchmark 10-year U.S. Treasury yields have also dipped. Bob Haberkorn, senior market strategist at RJO Futures, said: "The data give the Fed more...

Investors analyzed the U.S. jobs data?which showed that the unemployment rate increased last month compared to September. This reinforced bets on rate cuts by the U.S. Federal Reserve, and sent the dollar index down. As of 09:07 am, spot gold rose 0.4%, to $4,316.67 an ounce. ET (14:07 GMT). U.S. Gold futures rose 0.3% to $4,347.10 The U.S. dollar fell to its lowest level in two months, making the price of greenback bullion more accessible for buyers from abroad. Benchmark 10-year ?U.S. Treasury yields have also slipped lower. The U.S. employment rate rose to 4.6% in November, after a decline...

In 2025, precious metals outperformed all other "safe haven" investment options. This is remarkable, especially in an year that was marked by turmoil, conflict and artificial intelligence bubble concerns. The market landscape for this year was shaped by a number of factors: a booming economy, politicians pushing for easy money, fading recession fears, an AI frenzy, and rising geopolitical tensions. Precious Metals outperformed almost everything else. Silver and platinum have more than doubled and gold has risen over 60%. This is its biggest jump since 1979's oil crisis. This performance was far superior to the roughly 20% gain in global...

An industry association backed by the Chinese government said that on Tuesday, the tin sector had been hit by the "unreasonable",?price rise and urged investors to avoid excessive?speculative trade. Tin prices are at their highest "levels" in 44 months, following a wave supply disruptions. The material is used to solder circuit boards for mobile phones and electric cars. The China Nonferrous Metals Association's tin branch posted a statement to its WeChat page saying that the rapid price rise was driven by money, which has distorted industry fundamentals and increased market risks. The report called for all participants in the market...

The copper price ticked upwards on Tuesday. It hovered near the record levels reached in the previous session. This was after Antofagasta, a Chilean miner, and a Chinese smelter, agreed to a zero-processing fee for 2026 copper concentrate. This underscored supply constraints. As of 0332 GMT, the most active "copper" contract on Shanghai Futures Exchange rose 0.1% to 93,810 Yuan ($13325.28) per metric tonne. The benchmark copper price for the three-month period on the London Futures Exchange remained unchanged at $11,926.0 per ton. According to a Chinese market data provider, China's leading copper smelters plan to reduce production by more...

The copper price reached a new record high on Monday. This was largely due to speculation and news of a Chinese smelter's zero-fees processing agreement. Benchmark - three-month copper at the London Metal Exchange rose 0.6% to $11,955 per metric tonne by 1100 GMT after touching a record high of $11,996. LME copper prices have risen 36% in the past year. This is largely due to fears of mine problems causing deficits for next year. Sources said that the supply concerns were highlighted 'on Friday, when Antofagasta Chilean miner and a Chinese Smelter agreed to a 'zero processing fee in...

On Monday, Dalian iron ore futures gained for a fifth session due to the tight supply of BHP’s?Jimblebar fines and Jingbao's fines. The May contract for iron ore on China's Dalian Commodity Exchange(DCE) rose 0.58%, to 781.5 Yuan ($111.01) per metric ton. As of 0710 GMT, the benchmark January iron ore price on the Singapore Exchange had fallen 0.05% to $104.65 per ton. Atilla Widnell, managing Director at Navigate Commodities, Singapore, stated that prices rose due to a limited supply of BHP's Jimblebar & Jingbao Fines. This left most Chinese mills represented state-owned China Mineral Resources Group with no choice...

The price of copper edged up on Friday, and it was headed for a big weekly gain after a bullish forecast by Goldman Sachs highlighted the mine supply limitations. A stronger dollar also capped gains. The benchmark three-month copper price on the London Metal Exchange rose?0.1% to $11,787 a metric ton at 1036 GMT. This is not far from the previous peak of $11,952 that it reached last week. Metal, which is widely used in construction, manufacturing and power, is expected to increase by 2.4% this coming week, and almost 35% by 2025. Goldman Sachs reiterated its forecast of $15,000...

Gold discounts in India reached a new high of more than one month as record bullion price dampened retail demand, even during peak wedding season. Markdowns in China also hit their highest level since late August 2019. This week, Indian dealers are offering discounts Discounts of up to $37 an ounce on official domestic prices, inclusive of 6% import duties and 3% sales taxes - compared to last week's discount of $34. A Mumbai-based dealer for a private bank stated that the rally in gold prices has dampened wedding season jewellery purchases. This has undermined jewellers' hope of maintaining momentum,...

The copper price rose on Friday as investors looked at the possibility of U.S. rate cuts in 2019 following lower consumer inflation in the United States. However, a possible artificial?intelligence bubble tempered?gains. The most-active contract for copper on the Shanghai Futures Exchange ended daytime trading 0.46% higher at 93180 yuan (US$13,234.86) per metric ton but finished the week 1.07% down. It reached a record of 94.030 yuan last week. As of 0714 GMT the benchmark three-month Copper on the 'London Metal Exchange rose 0.29%, to $11,812 per ton. The week is expected to end 2.53% higher. According to data released...

Sumitomo Realty and Development in Japan, the third largest developer of Japan, is planning to expand into India using an unusual strategy: "focusing on Mumbai and managing rather than selling apartments," executives said. Japanese developers are expanding their presence in India’s $300 billion property market. Attracted by the rising rents and lower construction costs than in Tokyo, New York, or London, they have chosen to focus on Mumbai. Mitsui, a Japanese company, and Blackstone, a U.S. firm, have both expanded in India by partnering with local developers, or purchasing completed buildings. This is due to the slow process of land...

?Japan’s Sumitomo Realty and Development plans to expand into?India using an unconventional strategy: focusing on Mumbai and?managing apartments?rather?than?selling them, executives said. Japanese developers are expanding their presence on India's $300-billion real estate market. They have been attracted by the rising rents and lower construction costs than in Tokyo, New York, or London. Due to the slow process of land acquisition, players such as Japan's Mitsui, and U.S. based Blackstone have expanded their operations in India through partnerships with local developers or by purchasing completed buildings. Sumitomo is, on the other hand, focusing its efforts in Mumbai, and relying on a...

The copper prices moved in opposite directions Thursday as the market focused on the outlook of U.S. Interest Rates, and a waning confidence within the artificial intelligence industry weighed on sentiment. The most-traded contract for copper on the Shanghai Futures Exchange ended 0.23% higher, at 92600 yuan (13,151.73) per metric ton. As of 0718 GMT, the benchmark three-month price for copper at the London Metal Exchange fell 0.16% to $10,718.50 per ton. In his Wednesday national address, U.S. President Donald Trump said the next Federal Reserve chairman will be someone who believes in lowering interest rates by a "lot". Trump...

The market was focused on the future interest rate path in the United States, as confidence in artificial intelligence trades waned. As of 03:30 GMT, the most traded copper contract at the Shanghai Futures Exchange was?down 0.03% to 92360 yuan (US$13,114.85). The benchmark copper for three months on the London Metal Exchange fell 0.43%, to $11,686 per ton. In his Wednesday national address, U.S. president Donald Trump stated that the next Federal Reserve chairman will be someone who is a believer in lower interest rates by "a lot". Trump has previously stated that he would announce his choice for Fed...