July 21, 2022

De Beers boosts 2022 guidance despite drop in output

The miner expects to produce 32m-34m carats, up from 30m-33m carats thanks to what it calls “robust demand” from US customers.

July 21, 2022

Freeport-McMoRan misses profit estimates on lower copper prices

The world's largest publicly traded copper miner reported average realized copper prices of $4.03 per pound, from last year's $4.34 per pound.

July 21, 2022

Ford to buy cheaper CATL EV batteries to catch Tesla

Ford said it also has agreed with CATL to explore using the Chinese company's batteries in Ford vehicles sold in the United States, Europe and China.

July 21, 2022

Lithium refining is a ‘license to print money,’ Musk says

Tesla's CEO said there are software-like margins to be made in lithium processing — "You can't lose."

July 20, 2022

JPMorgan gold trader says boss coached him on spoofing lie

Christian Trunz told a Chicago jury that Michael Nowak, the managing director who ran the precious metals business, advised him to mislead investigators about his intent to execute the trades.

July 20, 2022

Alcoa jumps after quarterly profit, sales top analyst estimates

The company posted $913 million in adjusted earnings before interest, taxes, depreciation and amortization in the second quarter.

July 20, 2022

Gold price sinks below $1,700 ahead of key central bank meetings

Spot gold fell 0.9% to a new 11-month low, after holding steady earlier in the session.

July 20, 2022

Gold price steady as traders weigh drops in ETFs, inflation, dollar

The precious metal has hovered in a narrow trading range since late last week as a gauge of the greenback retreated for three straight sessions.

July 20, 2022

Kenorland Minerals options Alaska copper project to Antofagasta

The Chilean miner could own 70% of the Tanacross copper-gold project in Alaska, by spending $30 million on exploration over eight years.

July 20, 2022

PolyMet and Teck form JV to develop Minnesota mining projects

The new company, known as NewRange Copper Nickel LLC, will share costs to develop two proposed copper and nickel mines.