April 24, 2024

Pressure on gas and LNG prices to help switch from coal, says JP Morgan

The sharp growth in gas supply and the drop in prices could lead to a rapid conversion from coal to gas, the bank said.

April 24, 2024

Hochschild keeps production targets, dividend resumption uncertain

Gold output hit 45,937 ounces in Q1, up from 39,730 ounces from last year, with a small initial contribution from Mara Rosa, in Brazil.

April 24, 2024

World’s biggest energy traders are returning to metals markets

Vitol, Gunvor and Mercuria Energy are among the traders building out their metals teams, as they look to deploy capital generated by record profits.

April 23, 2024

Five Eyes countries working to fight critical minerals dumping, Canada minister says

Alliance partners are working on putting forward a response to tackle the price manipulation of critical metals.

April 23, 2024

ESG Watch: Why climate change is leaving mining firms between a rock and a hard place

By 2050, the World Bank forecasts that demand for the metals and minerals used to produce the clean energy technologies will increase by almost 500%.

April 23, 2024

LME takes aim at traders’ Russian metal games with new rules

New measures designed to undercut the economic rationale for withdrawing Russian metal already on the LME and selling it back on the exchange under a less-desirable category.

April 23, 2024

European firms, banks must boost investment in critical minerals, official says

The European Commission has estimated that the EU will require 18 times more lithium in 2030 than in 2020 and fives times more cobalt.

April 23, 2024

Anglo American bullish on copper outlook, cuts diamond targets

It produced 11% more copper in the first quarter, but its diamond unit De Beers saw output drop by 23% on high inventories.

April 23, 2024

Rio Tinto, Eramet submit plans to develop lithium extraction tech in Chile

They are among 30 companies from 12 countries that presented plans to develop lithium extraction technology in Chile’s salt flats.

April 23, 2024

Boliden’s profit halves as strikes, bad weather weigh

Operating profit fell 52% from 3.41 billion in the first quarter of 2023.