Iron ore price lowest since December on worries of oversupply of steel in China
Renewed covid restrictions dampening overall domestic demand.
Latest Stories
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.
Australian state’s coal royalty hike could nudge others to follow suit – analysts
Queensland's bigger-than-expected hike in coal royalties could embolden other Australian states and resources-heavy countries around the world to make similar moves.
Congo administrator seizes bank accounts of CMOC cobalt mine, adviser says
An administrator appointed by a Congolese court to run the world's second-largest cobalt mine took control of the project's bank accounts after CMOC refused him access to the mine.
Global nickel market deficit falls in April to 200 tonnes
During the first four months of the year, the global market was in a deficit of 8,100 tonnes.
