Iron ore price extends gains on China demand hopes
Traders returned from the New Year holidays feeling optimistic about potential demand recovery in China.
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Copper price set for biggest weekly decline since November
Metal price rose on Friday, supported by a rebound in equities and tight supply, but a firmer dollar and expectations of an early US interest rate hike kept copper on track for its biggest weekly decline in more than two months.
Chinese coal traders shrug off Indonesian coal export ban
Utilities in the region are fully relying on long-term contract supplies from domestic mines, and do not need to purchase from the spot market at the moment, said a Chinese coal trader.
Corvus agrees to $370m takeover by AngloGold Ashanti
The South African gold major is acquiring the remaining 80.5% of the shares of Corvus it doesn’t already own.
Goldman bullish on commodities, seeing years-long supercycle
“The best place to be right now, particularly given the Fed pivot, are commodities,” said Jeff Currie, the bank’s global head of commodities research.
Europe’s power crunch sparks aluminum smelter meltdown
Four operators have announced curtailments totalling over half a million tonnes of annual production capacity, reports Andy Home.
Deep-sea research campaign aims to tap world’s largest known source of EV battery metals
Mining international waters is in the spotlight as companies and countries are looking at minerals concentrated on the ocean floor that can be used in batteries for smart phones and electric vehicles.
Cameco could resume N. American uranium output if Kazakh turmoil hits supply
Company said it could resume production of roughly 24 million pounds of uranium annually in North America if needed.
Mexico invites Chilean president-elect to visit, eyeing “strategic alliance”
"The business of lithium is sure to be one of the priorities on the shared agenda between Chile and Mexico," says Mexican Foreign Minister.
