Copper price nearing US record as premium doubles, Shanghai stockpiles drop 82%
China's spot copper premium went from zero to a 14-month high in a week, and 56% of LME stocks are already earmarked to leave the system.
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Rio Tinto exits aluminum composites business, transfers customers to Canada’s Cymat
Rio Tinto has produced and sold the proprietary ceramic-infused aluminum material for more than 40 years.
Zimbabwe adds freight rail option to lithium export gateway
Africa's top lithium producer mostly trucks the bulk mineral to port, a more expensive option fraught with logistical bottlenecks.
China’s rare earth clampdown backfired: CSIS analyst
Beijing’s export restrictions united allies to build alternative supply chains, weakening China’s long-term leverage.
Getchell Gold sees $905M value for Fondaway Canyon
Revised PEA lifts Fondaway Canyon’s value 67%, highlighting stronger Nevada gold resources, output and financing potential.
UK nationalizes British Steel, Jingye challenges legality of takeover
Jingye Steel plans legal action after the U.K. nationalized British Steel, alleging breached contracts.
Kalshi seeks approval to list perpetual futures tied to gold
The precious metals contracts would initially trade 24 hours a day, five days a week, matching the hours of the underlying markets.
US offers to halve aluminum duties for firms building in US
The plan, announced on Monday, would cut tariffs on imported aluminum to about 25% from 50% for companies that have fulfilled the new requirements.
BHP, Port Hedland union make progress, talks to resume next week
Port Hedland is a major artery for Australia's iron ore, through which $80 million of BHP's products transit each day.