Mining

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 CEO of the company said that an Australian scandium project, backed by mining billionaire Robert Friedland, will contribute to the 'planned 12?billion U.S. stockpile of critical minerals. Donald Trump, the U.S. president, announced on Monday plans to build a strategic stockpile for critical minerals backed up by $10 billion of seed funding from U.S. Export-Import Bank. A further $2 billion of private capital will be used to fund the project. Sam Riggall is the CEO of Sunrise Energy Metals which is developing the Syerston scannerdium mine in Australia's New South Wales. He said the company would likely contribute to...

The agency said in a Monday evening statement that the waste piles of Sigma Lithium at a Brazilian mining site do not pose an "imminent threat" and the country's regulator for mining did not see the need to close them down during a recent visit. ANM's Technical Staff visited the mine in January, about a month after labor inspectors had shut down the piles because they warned of an "imminent and grave risk" for workers and local residents. Sigma's share price fell by 30% following the shutdown. The inspectors' decision was reported on January 15, 2019. ANM's report does not...

The price of copper rose on Tuesday, after the news that China plans to increase its stockpiles and risk sentiment among investors re-emerged. The benchmark three-month copper price on the London?Metal Exchange?advanced by 4.1%, to $13,418 a metric tonne at 1715 GMT. It had fallen to a 3-week low the previous session. LME copper reached a record high of $14,527.50, fueled by speculation, on Thursday. Then, it plunged 14.5%, from this high, to a low intraday on Monday. Ole Hansen is the head of commodity strategy for Saxo Bank, based in Copenhagen. The market also likes the headline "China increasing...

The?agency? said in a Monday evening statement that the waste piles of Sigma Lithium at a Brazilian mining site do not pose an "imminent danger" and that it did not see any need to close them during a recent visit. ANM's Technical Staff visited the mine in January, about a month after labor inspectors had shut down the piles because they warned of an "imminent and grave risk" for workers and local residents. Sigma's stock fell by 30% when it was reported that the inspectors had made their decision on January 15th. ANM's report does not change the Brazilian Labor...

The price of gold has risen, driving the demand for tokenized gold. This is a rapidly growing niche in the digital asset markets, but experts warn that it carries regulatory and custody risks which are not always obvious to investors. Gold tokens are digital currency issued by crypto firms such as Tether and Paxos on a blockchain. They are backed by an equal amount of gold in a vault. This allows retail investors and traditional investors to play with the yellow metal, without having to take physical delivery. Gold tokens, while still small in comparison to the digital asset market...

Two people with knowledge of the situation say that production of aluminum at Ford Motor's supplier Novelis has not yet fully resumed four months after a destructive?fire? disrupted the supply of the metal for Ford's lucrative pick-up trucks. Ford's 2025 profit forecast was cut after a huge fire in September at its New York plant. It also announced that it would be unable to produce up to 100,000 F-Series trucks by the end of 2025. The company estimates that the costs could reach $2 billion and plans to reduce about half of it. Novelis stated that it hoped to resume...

Eldorado Gold is acquiring Canada's Foran Mining, valuing it at about C$3.8billion ($2.79billion). This deal will add a second project for near-term growth and increase its exposure to the copper market. The companies announced the deal on Monday. It will increase Eldorado’s production during a period of high gold prices and a growing demand for copper. Copper is a critical material in clean energy and electrification. The combined asset base of the company will have an exposure to gold of approximately 77% and copper of 15%, with projects and operations in Canada, Greece and Turkey. Eldorado plans to increase exploration...

Binding Solutions, a British company, has signed a deal with a Japanese trading house to convert iron ore from Western Australia's Pilbara region in low-carbon pellets. The privately-held company claims that its technology reduces energy and CO2 emission in the production iron ore pellets when compared with the established method. Binding Solutions signed a Memorandum of Understanding with Mitsui Iron Ore Development for the production of cold-agglomerated Pellets, according to a press release. These pellets are made using less energy than conventional pellets. The company's CEO Jon Stewart stated that the progress made by the company in working with MIOD...

Futures tied to Canada's major stock index fell Monday due to a commodities selloff. Precious?metals continued their losses, and oil prices dropped after U.S. President Donald Trump indicated a de-escalation of the conflict with Iran. As of 5:45 a.m., March?futures _on Toronto's S&P/TSX composite index were down 0.42%. ET, signaling a gloomy start to the month of February, after the benchmark index had registered its longest winning streak in 2017 - nine consecutive monthly gains. The TSX recorded its largest single-day decline since April on Friday, as gold prices sank and mining stocks plummeted after Trump selected Kevin Warsh –...

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...

After a two-session plunge, copper gained ground on Tuesday as concerns about supply and prospects for demand boosted the price. The most active?copper contracts on the Shanghai Futures Exchange rose 2.60% to?close trading daytime at 104.500 yuan (15,066.54) per metric tonne. As of 0715 GMT, the benchmark three-month Copper on the London Metals Exchange surged by 4.08%, to $13,417 per ton. Both exchanges saw copper prices fall sharply since Friday after a fervent rally. Shanghai copper fell as much 13.65% from its record high of 114,160yuan to 98.580yuan. The London benchmark lost up to 14.54% since its $14,527.50 peak. The...

Iron ore futures fell on Tuesday as sluggish demand for steel ahead of the Chinese Lunar New Year, which is later in this month, weighed. The most-traded contract for May iron ore on China's Dalian Commodity Exchange traded 1.14% higher at 777.5 Yuan ($112.06) per metric ton. As of 0705 GMT, the benchmark March iron ore traded on Singapore Exchange was down 0.84% at $102 per ton. Prices fell on Monday, mainly due to a commodities slump, led by gold. According to Mysteel, the volume of iron ore traded in major Chinese ports fell as well on Monday. Steel mills...

Investors saw that demand and supply prospects remained positive for the "red metal" as they continued to be concerned about supply. As of 0320 GMT the most active copper contract at the Shanghai Futures Exchange had fallen 0.50% to 101,340 Yuan ($14.603.99) per metric ton, after gaining up as much as 0.80% in the previous session. The benchmark copper for three months on the London Metals Exchange rose by 0.82%, to $12,997.50 per ton. Copper prices have been in a downward spiral since Friday after reaching record highs at both exchanges. Shanghai copper fell as much as 13.65% from a...

Prices for iron ore futures fell on Tuesday as a result of a sluggish demand for steel ahead of the Chinese Lunar New Year later in this month. As of 0246 GMT, the?most traded May iron ore contract at China's Dalian Commodity Exchange was 1.21% lower. It was trading at 777 Yuan ($111.97). The benchmark March ore at the Singapore Exchange fell 0.84% to $102 per ton. Prices fell on Monday due to a general commodities slump, led by gold. Mysteel, a consultancy, reported that iron ore?transaction volumes at major Chinese ports fell as well on Monday. Steel mills are...

A Trump administration official who is familiar with the plan revealed that President Donald Trump will launch a?strategic critical minerals stockpile? with $12 billion of seed money from the U.S. Export-Import Bank. The investment is a 'last ditch effort by Washington to counter what they perceive as Chinese price manipulation for minerals such as lithium, nickel, and rare earths, which are vital to items like electric vehicles, high-tech weapons, and many other products. Bloomberg News reported that the project, Project Vault will combine private financing with a $10 Billion loan from the EXIM Bank in order to stockpile minerals for...

Iron ore futures fell on Monday, as Chinese inventories rose and steel mills finished restocking. Meanwhile, feedstock demand is expected to be sluggish in the run-up to the Lunar New Year. The May contract for iron ore on China's Dalian Commodity Exchange ended the daytime trading down 1.26% at 783 yuan (112.66) per metric ton. As of 0711 GMT, the benchmark March iron ore traded on Singapore Exchange was down 0.95% at $102.8 per ton. According to Steelhome's data released on January 30, iron ore stocks at major Chinese port cities increased by 1.16% in a week. A note from...