Canada puts its big miners off limits just as M&A is heating up
Foreign takeovers of mining companies have been a touchy topic ever since a wave of deals 18 years ago took out some of the country’s biggest players.
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China’s central bank refrains from gold purchases for a second month
China held 72.80 million troy ounces of gold at the end of June, unchanged from the end of May.
Canada’s move to protect mining sector shields takeover targets
Teck Resources spent much of last year fending off Glencore’s $23 billion takeover attempt before the Swiss company opted instead to just buy the company’s steelmaking coal business.
Beyond 2024, nickel prices to increase steadily to 2028: Fitch
Analyst expects upside risks – including but not limited to potential supply disruptions and a weakening of the US dollar to place a floor under prices throughout the year.
Which critical minerals will be crucial for the AI boom?
Semiconductors have been likened to the ‘picks and shovels’ of the AI boom.
India boosts gold reserves by most in two years, WGC says
The Reserve Bank of India added more than nine tons in June, based on calculations using weekly data from the bank.
Gold’s doldrums strength
Gold has shown impressive strength weathering 2024’s summer doldrums.
US miners push Washington to revive long-dormant Bureau of Mines
The push to resuscitate it and add new responsibilities would, supporters argue, allow Washington to craft a unified critical minerals policy.
Vedanta says it has arranged $250 million to settle Zambian copper mine debts
Vedanta will still need to raise an additional $1 billion revive the mining operations at KCM.
