March 17, 2023

Copper price rises as banking crisis woes ease

Investors welcomed news of a large group of banks infusing cash into US lender First Republic Bank.

March 17, 2023

Volkswagen to invest in mines in bid to become global battery supplier

Europe's biggest carmaker wants its battery unit PowerCo to become a global battery supplier.

March 17, 2023

Rusal reports 2022 profit slump as aluminum costs soar

Rusal's net profit fell by around 44%.

March 16, 2023

Germany in talks with coal giant to end mining eight years early

Germany wants to phase out coal in 2030. Now it needs to get the companies to help it comply.

March 16, 2023

Lockheed Martin sells deep-sea mining firm to Norway’s Loke

UK Seabed Resources holds a 100% interest in two deep sea mineral licences in the Clarion-Clipperton Zone.

March 16, 2023

EU tags copper and nickel as strategic, but industry wants more

The Critical Raw Materials Act (CRMA) unveiled by the EU adds the two major industrial metals to a list that had previously focused on more niche minerals.

March 16, 2023

Glencore won’t renew Rusal aluminum deal as things stand

Glencore Plc is willing to walk away from a $16 billion deal to buy aluminum from Russia’s No. 1 producer.

March 16, 2023

Glencore CEO says his company is cheapest way to benefit from copper price boom

Larger rivals BHP Group and Rio Tinto Group have already made billion-dollar moves to grow in copper in the past year.

March 15, 2023

Moody’s upgrades global metals & mining outlook to stable  

The investors service maintained its 12-month price assumptions and medium-term sensitivity ranges for all commodities except coal.

March 15, 2023

Polyus reports 27% drop in core profit as sales fall

Net profit declined 32% to $1.6 billion on the back of a 14% fall in revenue to $4.3 billion.