NGEx Minerals more than doubles private placement, stock gains
The net proceeds will be predominantly used for its Lunahuasi exploration project in San Juan province, Argentina, and Los Helados project in Region III, Chile.
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China’s path-setting lithium futures tumble on trading debut
Shares in Tianqi Lithium, YongXing Special Materials Technology, and Ganfeng Lithium slid to the lowest in at least a year.
Nickel set to flood the LME, turning metal squeeze into glut
New supply from China and Indonesia is about to hit the market, according to Macquarie Group.
Newcrest drops after potential buyer Newmont’s weak second quarter
Shares of Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months.
Dead EV batteries turn to gold with US incentives
A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America.
Glencore expects 2023 trading unit profits of up to $4 billion
The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%.
Vedanta posts 41% slump in Q1 profit on soft metal prices
Shares of the company closed 6.2% higher ahead of the results.
Australia blocks acquisition of lithium mine by China-linked firm
Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources.
Mining People: Atacama Copper, E-Tech Resources, First Mining, Outcrop
Key moves in the mining sector.
