Iron ore price climbs as China’s PBOC cuts rates to support recovery
The metal rose after the People’s Bank of China cut the rate on one-year loans by 15 basis points — the most since 2020.
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Ecuador’s tense vote also threatens to end mining, oil projects
Ecuadorians are expected to vote in favor of referendums to order the closing of a major oil field and restrict gold and copper mining.
More than 50 firms want in on new lithium-mining model in Chile
Bidding for the exploration contracts is scheduled to take place early next year.
Weak demand sends near-term LME aluminum discount to highest since 2008
The LME benchmark three-month aluminum contract dropped to its lowest since July 7.
Miners face ‘considerable challenges’ meeting demand from US climate law – study
Nickel and cobalt supplies are unlikely to satisfy demand, S&P Global said in a report.
Erdene to pour first gold at Mongolia mine in 2025
The Bayan Khundii open-pit gold mine is expected to produce 74,200 ounces of gold annually over its 6.5-year mine life.
Researcher to study ’green’ steelmaking process at the atomic level
A researcher at Binghamton University received almost half a million dollars to investigate how hydrogen-based direct reduction works at the atomic level.
TechMet raises $200m to counter China’s critical minerals control
Fresh equity will be deployed across TechMet’s ten assets, which aim at reducing the west’s dependence on China for critical minerals.
China’s gold prices rising higher than rest of world due to import curbs
The swing to a premium is being driven by tighter supply in China, the World Gold Council said in a report last week.