October 9, 2024

Ranking the world’s top lithium producers

Acquiring Arcadium makes Rio Tinto one of the world's largest lithium producers.

October 9, 2024

Sumitomo Metal forecasts widening global nickel supply surplus in 2025

According to the company, a larger surplus next year will be driven by continued production expansion in Indonesia.

October 9, 2024

Rio pays premium multiple for Arcadium in biggest deal since 2007

“We feel quite comfortable that we have not bought a lithium company at the top of the cycle right now. We had to pay a fair price, and that’s what…

October 9, 2024

Festive hopes fade for India’s gold industry after price surge

A rebound in gold prices to a record peak has dashed the Indian bullion industry's expectations of a lucrative festival season after their hopes were boosted by a deep cut…

October 8, 2024

Rio Tinto buys Arcadium for $6.7 billion cash

Rio's offer is at the high end of expectations representing a premium of 90% to Arcadium’s closing price on October 4.

October 8, 2024

Zijin Mining buys Newmont’s Ghana gold project for $1 billion

Underground operations are expected to begin from 2028, extending the mine’s life to 2042 and delivering about 186,00 ounces of gold a year.

October 8, 2024

Arcadium’s vast lithium portfolio lures Rio at the right time

So far the market is working in Rio's favor, as plunging lithium prices since January have stymied Arcadium's growth plans.

October 8, 2024

Japan’s JX Advanced Metals files IPO application in Tokyo

The metal company, which retains a 30% stake in Caserones, plans to remain in mining and smelting to secure essential metals.

October 8, 2024

Cameco eyes expansions of uranium mines on rising nuclear demand

Growing demand for nuclear power poses the “best fundamentals I’ve ever seen for nuclear in my 40-year career,” its CEO said.

October 8, 2024

China is oversupplying lithium to eliminate rivals, US official says

"That is an intentional response by the People's Republic of China to what we are trying to do" with the Inflation Reduction Act.