Gold price rallies as OPEC+ supply cut fuels more uncertainty
The shock decision by OPEC+ is "really driving that inflation hedge trade for gold," analyst says.
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Rio Tinto fires up BlueSmelting demo plant in Quebec
The demonstration plant will process 40,000 tonnes of ilmenite per year, making it the largest of its kind in the world.
Iron ore price slides on Chinese regulatory crackdown worries
The Chinese state planner has issued several warnings against hoarding and speculation in recent weeks.
Arizona Sonoran receives latest permit at Cactus ahead of Q4 prefeasibility
The company is currently advancing the Cactus project to a pre-feasibility study.
Copper price back below $9,000 on weak China industrial activity
Metal price was also impacted by the rise in oil prices and fears about inflation and higher interest rates in the US.
Factbox: Automakers accelerate the drive to secure battery raw materials
Rising demand for EVs is encouraging automakers such as Tesla, Volkswagen and Stellantis to step up efforts to secure raw materials.
Sumitomo Metal plans 11% cut in full-year copper output
The decline comes as it plans to conduct two-month maintenance at its Toyo Smelter & Refinery in Ehime, western Japan.
Mitsui Mining expects H1 zinc output falling 4.7% y/y
Mitsui Mining and Smelting Co Ltd plans to produce 107,000 tonnes of refined zinc in the first half of the 2023/24 financial year.
Tribeca sees China tensions powering new green metals bets
Rising geopolitical tensions and the prospect of industrial decoupling are fueling a surge of interest in the processing of energy-transition metals outside China.
