Inflation hits Canadian metals, mining stocks, erasing 2022 gains
The S&P/TSX Composite Materials Index is now negative for the year after peaking in mid-April.
Latest Stories
MacLean to supply BEVs for Glencore’s Sudbury nickel operations
The MacLean battery electric vehicle (BEV) fleet at Onaping will consist of support vehicles for explosives charging, secondary reduction, shotcrete spraying, concrete transport, and utility vehicles.
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.
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.
