USA Mining News

NMC batteries dominating EV – sales to reach 63% of global market

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.

US EPA withdraws proposed Obama-era rule change for uranium mining

Yet another "win" for the National Mining Association.

You can run but you can't hide, CEO tells Goldman analyst

Its an accounting thing.

Hudbay Minerals investor calls special shareholder meeting

Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.

Mountain Province Diamonds latest sale nets $24 million

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

Norway, the European Union and several other countries asked the World Trade Organization to set up a dispute resolution panel to address US tariffs.

Nucor profit miss, steel market oversupply worries dent shares

Nucor posted a quarterly profit short of analysts' forecasts on Thursday and investor concerns that the U.S. steel market may be grappling with oversupply.

Rio Tinto announces support for North American employees affected by family and domestic abuse

Employees can now access up to 10 days of paid extra leave, flexible work hours, financial aid and emergency accommodation.

Canada drops US-made aluminum-can tariff amid beer can shortage

Canada's move to drop a 10 percent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans.

A gold-hungry bug opens door for more efficient biofuels

A bacterium is capable of producing solar fuels when fed with gold.

Freeport CEO may be ready to sell, but are there any buyers?

With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company.

These ten mines will make money – even if gold price falls to $550

Nevada gold mines keep "rocking the boat."

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

A golden escape  

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).

United States seeking Mexican steel export quotas – negotiator

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.

On and off wind and solar power pushing coal plants to the brink

Nebraska's biggest power source is routinely pushed aside to make room for more wind and solar energy.

US develops new gold-silver alloy for military use

A new gold-silver alloy was created with the idea of lightening the load and enhance the power of devices used by soldiers.

LME Week metals puzzle is how to trade a trade war

Donald Trump didn't make it to LME Week, the annual jamboree of the global metals trading community. But the US president was the hot topic.

Canada’s Rusoro Mining reaches $1.3B deal with Venezuela

Settlement creates partnership that could lead to restarting production at Rusoro's former mines in the South American country.

Canada pessimistic about quick end to US metals tariffs

The US imposed the tariffs on Canada and Mexico in June. Although Canada and Mexico agreed a renewed continental trade deal last week, the measures remain.

Unloved gold sector regains shine with mergers, price spike

Darren Blasutti, President and CEO of Americas Silver says interest in the sector is picking up and that his company’s recently announced acquisition of Pershing Gold is a good example of that.

Gold gets ignored as global equity rout fails to fire up havens

Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble like gold are not getting any love.

Canadian space mining developer inks deal with US-based Moon Express

The companies will focus on mining exploration on the lunar surface and expect to pre-test later stage activities, such as excavation and infrastructure buildup.

Top copper miner almost sold out on strong China demand

Chinese copper demand has been so strong in the past few months that top producer Codelco has almost sold out of supplies for next year, well ahead of schedule.

Endomines’ Friday mine project progressing towards production start-up ahead of schedule in December 2018

Endomines AB, Stock Exchange Release 10 October 2018 at 08:30 CEST