Copper price rises as China’s rate cut raises stimulus hopes The central bank of China lowered a short-term lending rate for the first time in 10 months to prop up its post-pandemic recovery. MINING.COM Staff Writer | June 13, 2023 | 9:25 am
China’s Yunnan set to boost power to aluminum smelters, sources say China's fourth biggest producing region for electrolytic aluminum, has required smelters to reduce production twice since last September. Reuters | June 13, 2023 | 9:09 am
Canadian Copper grabs majority stake in Murray Brook VMS deposit in New Brunswick According to a technical report, Murray Brook represents the 5th largest VMS deposit within the Bathurst camp. Staff Writer | June 13, 2023 | 8:53 am
BlackRock fund targets greening of materials sector Investors are increasingly focused on what actions companies in industries such as metals and mining, cement, and construction, are taking to decarbonize. Reuters | June 13, 2023 | 8:19 am
CanAlaska to start drilling at Geikie uranium project The company, which has a 60% stake in the project, will be focused on testing shallow, high-priority targets. Staff Writer | June 13, 2023 | 8:04 am
Rio Tinto inks deal to bring iron ore rail car manufacturing to Pilbara Rio intends to invest about $101 million to acquire 100 domestically built ore rail cars over six years. Reuters | June 13, 2023 | 7:44 am
Nippon Steel still interested in investing in Teck’s steelmaking coal arm Glencore on Monday offered to buy Teck's steelmaking coal business as a standalone unit. Reuters | June 13, 2023 | 7:38 am
Almost a quarter of Canada’s GDP exposed to climate risk – study Study by the University of Waterloo found that as carbon costs rise, assets of $256 billion are at risk of being lost in Canada. Staff Writer | June 13, 2023 | 5:05 am
Boliden’s Ronneskar metals smelter damaged in fire, output halted The Swedish smelter is a major producer of copper, zinc, lead and other metals. Reuters | June 13, 2023 | 4:42 am