Chinese copper smelters plan exports after surge in LME prices
Two major smelters are arranging as much as 25,000 tons of spot shipments to bonded warehouses and Asian depots monitored by the LME.
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Aya Gold rises on record quarterly production
The company produced 1.3 million oz. of silver, representing a 29% increase over the previous quarter.
Japan, Spain and South Korea warn over unsustainable copper processing fees
Copper smelters worldwide are grappling with falling processing fees and shrinking margins amid tight concentrate supply.
Royal Mint warns of delivery delays as Londoners rush for silver
A global surge in demand for precious metals has boosted silver prices by more than 80% in London’s wholesale market this year.
G-7 set to discuss joint response to China curbs on rare earths
Treasury Secretary Scott Bessent indicated the US would seek wider support beyond the G-7.
US firm inks pact to build $1.5 billion power line to Congo mines
The 720-mile (1,160-kilometer) project will deliver 1,200 megawatts of electricity to Congo’s main mining region.
Namibia central bank chief calls for diamond royalty relief extension
In 2021, Namibia cut its royalty rate from 10% to 5% until 2025 to help Namdeb extend its land-based operations to 2042.
US judge set to approve Rio Tinto’s $139M Mongolia mine settlement
The lawsuit relates to Rio's $7 billion underground expansion of the Oyu Tolgoi mine.
Copper Mark to unify ESG standards for metal producers
The organization is moving to develop a single mining standard across various metal supply chains and form a new board with wider representation.
