Mercuria withdraws huge volume of copper from LME as prices soar
The trading house is positioning itself for a global supply crunch fueled by possible US tariffs.
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US plans more stakes in minerals companies, Trump official says
Executive director of the National Energy Dominance Council says the move is necessary to counter China’s dominance in raw materials.
South Africa opens rare new gold mine after record price rally
Qala Shallows is South Africa’s first new underground gold mine in 15 years.
Zimbabwe gold miners warn higher royalty will boost smuggling
A letter was issued by a federation representing more than 450,000 small-scale miners.
US, Congo eye minerals pact amid peace deal with Rwanda
A series of deals target ending a long-running conflict in the eastern part of the resource-rich African nation.
Italy urged by ECB to reconsider gold reserves proposal
The Bank of Italy holds about 2,452 tonnes of gold, the third-largest stash after the US and Germany.
Shares in China’s only uranium miner triple on Shenzhen debut
China National Uranium raised around 4 billion yuan ($570 million) as it debuted on the Shenzhen exchange on Wednesday.
China copper smelters, Chile miner in deadlock over fee talks
Annual negotiations between the smelters and Antofagasta have not progressed since initial meetings took place last week.
Iron ore shakeup begins as Simandou’s first boat heads for China
The Winning Youth vessel — loaded with iron ore from the $23 billion Simandou mine — set sail on Tuesday evening.
US firms are snapping up the rare earths Europe needs to rearm
European defense companies are trying to buy rare earths directly, without coordinating with suppliers, and with little government support.
Vale, Glencore explore Canada JV in bid to boost copper exposure
The proposed collaboration is to jointly develop a $1.6-$2 billion project at their neighbouring properties in the Sudbury basin.
Silver price retreats from record high on concerns of overheating
The rally in silver – which rose more than 8% over the previous two sessions – has been fueled by bets on prolonged supply tightness.
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