Freeport-McMoRan still waiting for US copper tariff details, CEO says
The company reported an adjusted profit of 54 cents per share for the three months ended June 30, compared with analysts' average estimate of 45 cents.
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Gem Diamonds to cut jobs, salaries amid industry crisis
It plans to reduce operating costs by $1.4-$1.6 million monthly and cut 20% of it workforce at its Letšeng mine in Lesotho.
Glencore workers brace for layoffs on looming Mount Isa shutdown
In an internal memo, Glencore confirmed it is set to shut its final two copper mines in Mount Isa unless the government steps in.
Vale’s iron ore output up 4% with record Q2 at key mine
The company expects to produce between 325 million and 335 million tons of iron ore this year.
Copper price hits new record as tariff deadline looms
The most active September contracts on the CME soared as much as 1.6% to $5.72 per lb., a new all-time high.
Platinum market’s ‘deep’ tightness shows little sign of relief
Spot prices have soared to fresh all-time highs and the implied cost of borrowing the metal for one month has hit the steepest level in data going back to 2002.
Aclara seeks state funding for US-Brazil plans
Aclara wants to begin tapping ionic clay deposits in Chile and Brazil by 2028.
Abuse claims on the rise at mines in Eastern Europe, Central Asia — study
According to the BHRRC, the number of documented cases in 2024 was nearly three times higher than the 92 recorded the year prior.
Copper-laden ships race to reach US ahead of Trump’s 50% tariffs
The shipments represent the final scramble by merchants to cash in on a lucrative arbitrage trade that has upended the global copper market.
