High metal prices don’t equal more industrial demand: BMO
Metals demand in the global industrial economy has been soft since November, BMO said.
Latest Stories
Australian lithium miners plot expansions after price surge
Australia’s hard rock lithium producers are already considering supply increases after spodumene prices more than triple in eight weeks.
Gemfields auction revenue falls 34%
Lower gemstone prices hit results as the miner readies new ruby output and cuts net debt sharply year over year.
Zijin Mining seeks $1.5 billion from convertible bonds as gold surges
Company plans to use proceeds to fund capital expenditure related to the construction of the La Arena gold mine project in Peru.
US to seek rare earth price mechanism during meetings with allies, official says
US Under Secretary of State for Economic Affairs Jacob Helberg said he expects a lot of “momentum and excitement” toward “agreeing on a pricing mechanism.
Chinalco, Rio Tinto buy control of Brazilian aluminum firm CBA for $904 million
Together, the companies will acquire a 68.6% stake or 446.6 million shares of the Brazilian aluminum producer.
Gold refiner stops taking scrap delivery to melt down in US
Metalor Technologies paused accepting new shipments of metal due to an inventory backlog caused by severe US weather.
Chinalco, Rio Tinto close to announcing purchase of Brazil’s CBA
The percentage stake each company will acquire in the Brazilian aluminum producer remains unclear.
McEwen to acquire Golden Lake Exploration, consolidating Gold Bar complex
Golden Lake’s principal asset is its 100%-owned Jewel Ridge projects, adjacent to McEwen’s Windfall and Lookout Mountain discoveries in Nevada.
