May 31, 2024

Chile hopes SQM-Codelco deal to proceed as planned, finance minister says

The arrangement would see Codelco take a majority stake in SQM’s Atacama salt flat assets in exchange for 30 more years of operations.

May 30, 2024

Investors relieved BHP walked from $49 billion Anglo takeover deal

BHP’s timing was good but the complexity of the deal requiring demergers and a copper price rally made it difficult to execute, investment officer said.

May 30, 2024

Base metals stage rapid retreat as profit taking accelerates

Investors are looking to cash in following a blistering rally in industrial metals markets.

May 30, 2024

Buried fortune of old copper wire is worth billions to telcos

In the migration to fiber-optic cable, telecommunications companies could recover as much as 800,000 metric tons of copper over the next decade.

May 30, 2024

Billions in African gold smuggled to UAE each year — report

Illicit gold trade amounts to $23.7 billion-$35 billion annually based on current market prices, a report by SwissAid shows.

May 29, 2024

China’s silver imports set to jump as solar demand lifts prices

Chinese imports have already been strong in recent months.

May 29, 2024

Copper traders get reprieve as historic New York squeeze eases

“With physical markets still tight, further squeezes are possible, so CME may not be out of the woods yet,” said Bank of America.

May 29, 2024

Mongolia defends plan to tap mining riches for new sovereign wealth fund

Mining represented 28% of Mongolia’s GDP last year and comprised 92% of all exports.

May 29, 2024

Indonesia buying record amounts of Philippine nickel ore due to quota delays

Delays by Jakarta in issuing mining quotas and heavy rains have hurt local supply.

May 29, 2024

China 2024 rare earths quota growth set to slow amid supply glut

The quota is likely to reach 270,000 metric tons for all of 2024.