Iron ore price plunges as Chinese demand softens
The most active iron ore futures on the Dalian Commodity Exchange plunged as much as 5.6%, hitting the lowest since May 27.
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Diamond sales at De Beers’ Botswana unit rebound as global market recovers
Exports of diamonds from Debswana stood at $1.702 billion in the first half of the year.
Novo Resources’ Nullagine gold project reaches record monthly production
Production reached 8,589 oz in July, a 46% increase over June.
China will restart coal mines in northern provinces as power demand surges
Operations will restart for a year at 15 coal mines across northern provinces.
Biden sets US goal for clean cars to be half of 2030 sales
Administration is crafting greenhouse gas-reduction standards and fuel economy requirements for vehicles.
Albemarle doesn’t expect Biden’s EV order to shift lithium demand
The world’s largest lithium producer posted a nearly five-fold jump in quarterly income on Wednesday.
Nornickel triples earnings as metals prices offset output dip
Company revenue in the six months to June 30 rose 33% year on year to $8.9 billion.
Mountain Province bounces back as diamond demand returns
Its 49%-owned Gahcho Kué mine has rebounded well from a difficult start to the year, that saw it shut down for 22 days.
Sibanye-Stillwater expects big jump in first-half profits
The precious metals miner said lower outstanding debt, resulting in a decrease in finance costs had also contributed to the profit increase.
