September 20, 2022

Rio Tinto CEO says copper outlook ‘challenged’ in near term

Copper prices are down more than 20% this year as covid-related shutdowns in China, surging power prices in Europe and ongoing inflation in the U.S. and elsewhere hurt demand.

September 20, 2022

Australian lithium auction sees record bid as world prices surge

Pilbara Minerals said a buyer will pay the equivalent of $7,708 a tonne for spodumene concentrate delivered to China.

September 20, 2022

Japan’s JOGMEC, Sojitz invest $9m in Lynas

The miner plans to invest $335 million to expand capacity at its Mt Weld mine.

September 19, 2022

Fortescue to spend $6.2bn to rid iron ore ops of fossil fuels by 2030

The investment includes installing an additional 2-3 gigawatts of renewable energy generation and battery storage.

September 18, 2022

OZ Minerals said to seek A$10 billion in potential sale

BHP has been considering raising its bid for OZ Minerals and could increase its proposal as soon as this month.

September 18, 2022

What to watch as commodities traders prepare for Powell

Pre-Fed tensions are most obvious in the bullion market. The looming rate decision will drive the next moves for the precious metal.

September 16, 2022

BHP weighs boosting $5.6 billion bid for OZ Minerals

BHP may increase its A$25 per share bid for OZ Minerals as soon as this month, Bloomberg sources say.

September 16, 2022

Glencore eyes adding lithium to trading business — report

Glencore does not own lithium mines, but has invested heavily in the business of recycling the battery metal this year.

September 15, 2022

Australia approves $34 million in funding for critical minerals projects

Alpha HPA and Cobalt Blue will get about A$15 million each to set up an ultra-pure aluminum chemical plant and a cobalt project, respectively.

September 15, 2022

Newmont delays investment decision on Peru gold mine to 2024

The $2bn project is part of a planned expansion of the Yanacocha gold mine in Peru.