Iron ore price lowest in 11 months on supply pressures, weakening demand
Iron ore prices dipped on Wednesday after BHP reported higher quarterly output of the steelmaking ingredient, adding to supply-side pressures.
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Gold price at 3-week low as UK inflation jumps again
“The market continues to be quite worried about aggressive Federal Reserve monetary tightening,” analyst said.
LME copper stocks plunge again as metal heads to China
The amount of available copper in the London Metal Exchange's warehouse network has halved over the last eight days.
Biden awards $2.8 billion to boost US minerals output for EV batteries
Albemarle and Piedmont are among the 20 manufacturing and processing companies winning US Energy Department grants.
Equinox confirms path to extend Los Filos mine life to 2036 with new feasibility study
Total LOM production is estimated at 3.97 million oz. of gold, peaking during 2025-2030 at average production of 360,000 oz. per year.
Glencore delivers Russian-origin aluminum into LME system
Stocks of aluminum in LME warehouses jumped 65,825 tonnes to 433,025 tonnes on Friday.
Baker Hughes taps Newmont’s Nancy Buese as finance chief
Newmont had said that Buese will step down, and be replaced by insider Brian Tabolt on an interim basis.
South Africa’s EV dream threatens $8.5 billion in climate aid
South Africa is the world’s 13th-biggest source of greenhouse-gas emissions and relies on coal for more than 80% of its electricity.
China to remain a key trade partner for Australia, official says
Australia has been a rare beneficiary of Russia’s war on Ukraine.