December 4, 2024

Rio Tinto lifts 2025 guidance for capex, copper output

Across operations, it is projecting 3% compound annual growth from 2024 onward.

December 4, 2024

Mitsubishi Corp loses $90 million in suspected China metal fraud

The loss is the latest in a string of recent cases of alleged wrongdoing to hit a major commodity trading house.

December 4, 2024

Biden unveils $600 million in new financing for African railway

While in Lobito, Biden toured the port and met with companies investing in the project.

December 4, 2024

Sierra Metals’ Yauricocha mine in Peru reaches full production 

The underground copper-gold-silver mine now processes 3,600 tonnes of ore per day, a 30% increase from December 2023.

December 4, 2024

Rio Tinto unveils lithium resource at Rincon project

It would produce 53,000 tonnes of battery-grade lithium carbonate annually over a 40-year mine life, with plans to expand to 60,000 tpy.

December 3, 2024

Rio Tinto sells copper mine stake to Sumitomo for $399 million

Sumitomo is slated to acquire a 30% equity share of the Winu project in Australia.

December 3, 2024

Biden to announce millions in African Lobito corridor funding

Biden is expected to announce an additional $600 million in financing during his trip to Angola.

December 3, 2024

Portugal plans to hold delayed lithium tender in 2025

The international tender for lithium prospecting will target six areas in the north and center of the country.

December 3, 2024

Trump tariffs could reshape global copper landscape

Canadian and Mexican exports unlikely to be cost-competitive and US would look elsewhere for 16% of its refined copper imports and 48% of semi-finished copper products.

December 3, 2024

Foran advances McIlvenna Bay copper-zinc mine toward 2025 production

McIlvenna Bay is the largest undeveloped volcanogenic-hosted massive sulphide deposit in the region.