Mexico values its Sonora lithium deposits at $600bn
Mexico hopes its reserves of the key battery component will help it benefit from a global shift toward electric vehicle production.
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Talon Metals drills record nickel-copper intercept at Tamarack
Shares of Talon Metals closed 5.2% higher on the TSX following the new drill results.
World’s biggest EV battery maker considers third plant in Europe
CATL last month announced plans to build a second European EV battery plant in Hungary, investing 7.3 billion euros in partnership with Mercedes-Benz.
US gathers resource-rich nations to push minerals security pact
The initiative, launched in June, is designed to funnel investment toward developing countries with mining projects that adhere to stricter environmental, social and governance standards.
Seabridge, Copper Mountain recognized for mine reclamation work in BC
Seabridge Gold was recognized for its work at the past-producing Johnny Mountain gold mine that operated in the late 1980s.
Moody’s downgrades mining sector outlook to negative
Forecast reflects expectations that aggregate EBITDA will contract for the largest Moody's-rated metals and mining companies.
Copper price rebounds on weaker dollar
The dollar index dropped after Japan intervened in the currency market to shore up the battered yen for the first time since 1998.
Chinese gold fetches huge premium as demand improves
Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019.
Gold price wavers after Japan intervention, central banks’ rate hikes
The Fed’s rate hikes this year have weighed on bullion, with spot prices down 8.6%.