Biden team weighs a massive release of oil to combat inflation
West Texas Intermediate futures dropped as much as 5.5% on Thursday on signs the U.S. was considering the release.
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Copper tightness ‘is far beyond a price issue,’ Freeport CEO says
"The market is going to need it far faster than companies like ours can produce it.”
Taseko ups reserves, extends Gibraltar mine life another 23 years
In February, Taseko and Williams Lake First Nation renewed their participation and co-operation agreement for the Gibraltar mine in British Columbia.
Some gold refineries are refusing to remelt Russian bars
Russian gold’s pariah status underlines the contradictions in raw materials markets toward Moscow’s war.
US senator says Defense Production Act won’t move needle without fixing mining permitting
“Despite his climate pledges, President Biden has done nothing meaningful to boost American mineral production," says Senator John Barrasso.
Mining’s latest pivot means adjusting to a higher-cost world
At the mine site, the costs of key inputs have risen dramatically from their 2020 pandemic lows, when covid lockdowns caused a period of deflation.
Canadian firm lobbies Brazil for Amazon potash mine permit
Potash Corp has laid out plans to reduce the country's dependence on fertilizer imports by opening a potash mine in the Amazon.
Biden invokes Cold War powers to boost EV battery production
This could help mining companies access $750 million under the Defense Production Act’s Title III fund.
Trafigura is delivering Russian copper to LME warehouses
LME copper inventories rose by 10,850 tonnes, or 13%, in the past three days.
