Column: US tariffs on Russian aluminum risk more market fracture Russian producers of industrial metals have largely evaded the official sanctions net since the invasion of Ukraine. Reuters | February 10, 2023 | 4:02 am
Torex Gold to spend up to $440 million on Media Luna project The Mexican gold project was 15% complete by the end of 2022 and commercial production is anticipated in late 2024. Cecilia Jamasmie | February 10, 2023 | 3:56 am
Usiminas results hurt by $321.3m steelmaking impairment In 2022, Usiminas sold 8.64 million tonnes of iron ore. Reuters | February 10, 2023 | 3:44 am
World’s largest zinc smelter sees opportunity in US energy bill Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources. Bloomberg News | February 9, 2023 | 7:29 pm
MMG secures supplies to continue copper production at reduced rate in Peru At normal times, the Las Bambas mine accounts for some 2% of the global supply. Reuters | February 9, 2023 | 7:20 pm
US rare earth firm ropes in former top diplomat Pompeo as strategic advisor Former Secretary of State Mike Pompeo has joined USA Rare Earth as a strategic advisor. Reuters | February 9, 2023 | 7:15 pm
Another year, another major merger (in the works) The merger between large-scale producers across the globe has become a consistent theme in the precious metals sector over the past few years. DBRS Morningstar Canada | February 9, 2023 | 1:52 pm
Russian metal makes up 42% of LME warehouses’ stocks – report Last year, the LME decided not to ban Russian metal from being traded and stored in its system. Reuters | February 9, 2023 | 1:28 pm
Botswana warns of dangers in dash for African minerals Botswana is reviewing its mines and minerals legislation to "tighten up" laws on mine rehabilitation. Reuters | February 9, 2023 | 12:22 pm