Copper price jumps on Fed’s upbeat view
The Fed said the US economy would remain resilient despite the spread of the omicron coronavirus variant and pointed to low unemployment figures.
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IGO to buy Western Areas for A$1.1bn amid soaring nickel demand
The cash splurge will boost IGO’s nickel business from a short-life, single asset operation to a multi-asset division.
Interventions against illegal mining in Peru narrowly effective
Illegal gold miners moved from the Madre De Dios biodiversity hotspot to nearby areas.
Dump diamonds for digital? Botswana bets on tech
The government is increasing efforts to diversify Botswana's economy, investing in science, tech and entrepreneurship to lessen a dependency on diamond mining.
MMG shuts down Las Bambas copper mine as talks fail
The company will stop production from Dec. 18 after failing to reach an agreement with the Peruvian community blocking a transport road to the mine.
Sleepy copper ETF surges to $1.7 billion assets as EV bets boom
The Global X Copper Miners ETF saw a record $196.1 million inflow during Tuesday’s broader selloff on inflation concerns, increasing the fund’s assets 13% to an all-time high.
China EV, battery makers grapple with graphite squeeze
Around 70% of all graphite comes from China, and there are few viable alternatives for batteries.
Hudbay releases initial estimate for Copper World, near Rosemont in Arizona
The deposit is located near the company’s 100%-owned Rosemont copper project 50 km southeast of Tucson.
Peru PM says Las Bambas standoff cannot be sustained for “much longer”
Talks continue to stall with a local community while the mine faces a looming shutdown.