Umicore plan to double down on battery business knocks almost $1bn off market cap
The Belgian company presented a 5 billion euro plan to bulk up its battery materials business by 2026.
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De Beers sale shows stronger US and Chinese demand
De Beers sold $650m of diamonds, slightly up from $604m at the previous sale this year, but higher than the $477m this time in 2021.
Hudbay ends Flin Flon era with closure of 777 mine
For many years, it was the flagship mine of Hudbay’s Manitoba operations.
Iron ore price lowest since December on worries of oversupply of steel in China
Renewed covid restrictions dampening overall domestic demand.
Electra begins talks on second cobalt refinery in Quebec
Electra has been focused on creating North America's first integrated battery materials park near the town of Cobalt, Ontario.
Copper price falls to lowest since March 2021 as recession fears rattle the market
Mining stocks also slid, with BHP Group down almost 10% from the previous week, Glencore down 8%, and Freeport-McMoRan down 16%.
Alexco halts mill to focus on underground development at Keno Hill
Given the transition of operations activities to an interim development focused plan, the company says additional financing will be required.
Indonesia plans to hike tin royalty tariff, make it more progressive
The current royalty tariff for tin is set at 3% and imposed on production but based on the sale price.
CEO of sanctions-hit Nordgold steps down
Nordgold produces about one million troy ounces of gold a year from eight mines in Russia, Burkina Faso, Guinea, and Kazakhstan.