November 19, 2024

Mitsui said to be top bidder for First Quantum mines stake

The Japanese company is considering buying a roughly 20% interest in the Sentinel and Kansanshi mines.

November 19, 2024

Iron ore price at one-week high on softer dollar, pre-holiday stocking

Underpinning prices is some mills kicking off buying seaborne cargoes to meet their production needs over the week-long Chinese New Year holiday break in January.

November 19, 2024

BHP to spend up to $14 billion on Chilean copper expansion

BHP plans to invest $7.3 billion to $9.8 billion in new projects at its Escondida mine alone, starting in 2028.

November 19, 2024

Sayona, Piedmont to create lithium giant in $623m merger

Deal creates North America’s largest hard rock lithium miner, which will be based in Australia and listed on both the ASX and NASDAQ.

November 18, 2024

China’s bid to rein in exports roils aluminum stocks and prices

China’s cancellation of tax relief on exports has left the aluminum industry scrambling to assess the impact on supply flows.

November 18, 2024

Gold price rebounds 2% as Goldman reiterates $3,000 target

Bullion has declined about 7% from a record last month, with losses accelerating after Trump’s victory.

November 18, 2024

Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes

Analysts say near-term demand for iron ore remain strong, supporting prices.

November 18, 2024

Newmont sells Ontario gold mine to Orla for $850 million

The addition of the Musselwhite mine to its portfolio more than doubles Orla Mining's gold output to 300,000 ounces per year. 

November 17, 2024

BHP warns Australian mining not ready for low-cost competitors

The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said.

November 17, 2024

Aluminum price to average 6% higher in 2024, says Fitch Group’s BMI

Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations.