November 17, 2024

BHP warns Australian mining not ready for low-cost competitors

The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said.

November 17, 2024

Aluminum price to average 6% higher in 2024, says Fitch Group’s BMI

Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations.

November 15, 2024

Aluminum price soars as China cancels tax incentive on exports

The export tax rebate was also removed for copper and lowered for some refined oil, solar, battery and non-metallic mineral products.

November 14, 2024

China’s copper buyers slash annual contracts with market in flux

For 2025, buyers in China will take less refined metal under yearly contracts than they did this year, including from producers like Chilean copper giant Codelco.

November 14, 2024

China producers rush to deliver surplus zinc to Shanghai exchange

Producers are rushing to send 30,000-40,000 metric tons of refined zinc to warehouses registered with the Shanghai Futures Exchange ahead of November contract expiry on Friday.

November 14, 2024

Iron ore price hits 3-week low on firmer supply, softer steel outlook

China unveiled tax incentives on home and land transactions on Wednesday, aiming to support its crisis-hit property market.

November 14, 2024

Zijin reports illegal mining at Buritica gold mine, losses being assessed

Zijin said that organized groups had illegally mined some "high-grade ore bodies" in the shallow areas of the mine.

November 13, 2024

Citigroup cuts copper forecast on tariffs risk, China outlook

The bank has cut its short-term outlook for copper prices by 11% to $8,500 a ton over the next three months.

November 13, 2024

Exploration spending to stay flat despite Trump pledges, strong gold prices, S&P says

The cautious outlook comes as global exploration budgets for nonferrous metals declined by 3% in 2024.

November 13, 2024

China’s copper market needs more stimulus, says top importer

The copper market in China is at a critical juncture.