September 17, 2024

Private equity firm emerges as successful bidder for Nevada Copper

An affiliate of Kinterra Capital made a stalking horse bid of $128 million for substantially all of Nevada Copper's assets last month.

September 17, 2024

Bank of America forecasts copper price above $10,000, iron ore price below $80 by 2025

While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.

September 17, 2024

Newmont on track to get at least $2 billion from asset sales, COO says

The sales are part of plan to focus on so-called Tier 1 assets, which can produce at least 500,000 ounces of gold equivalent for 10 years or longer.

September 17, 2024

Goldman says gold may dip if Fed opts for quarter-point cut

The precious metal has been one of the strongest performing major commodities this year.

September 17, 2024

BHP warns AI boom would worsen copper shortage

Growth of data centres and AI could boost copper demand by 3.4 million tonnes a year by 2050, CFO Vandita Pant said.

September 16, 2024

Gold price sets new record as Fed rate cut decision looms

Spot gold climbed as much as 0.5% to an all-time high of $2,589.70/oz.

September 16, 2024

Antofagasta to invest $3.5 billion in 2025 amid portfolio expansion

The miner is actively looking for copper projects in Peru that can yield at least 50,000 tonnes of the red metal for 10 years or more.

September 16, 2024

Ivanhoe Electric says Santa Cruz PFS on track for Q2 2025

The PFS will include a mine plan that will be supported by a new mineral resource and reserve estimate.

September 16, 2024

China’s grip on rare earths undercuts projects from US to Japan

A slump in prices since 2022 is undermining the business case for rare earth projects.

September 15, 2024

Dearth of quality new gold discoveries to stifle supply — report

S&P also says it expects gold supply to peak in 2026 at 110 million ounces.