July 29, 2024

Uranium contract prices soar on uncertain supply, AI-led power demand

Term prices are now around $79 per pound, the highest since 2008, and estimated to rise further in coming months.

July 29, 2024

The future of deep sea mining hinges on a contentious election

International Seabed Authority head incumbent Michael Lodge faces Leticia Carvalho, a Brazilian ocean scientist.

July 29, 2024

Chinese bullion demand takes hit in risk to gold price rally

Total demand for bullion fell almost 6% from a year earlier in the first half to 524 tons, the China Gold Council said.

July 29, 2024

Column: Funds dump copper as rising stocks dampen bull spirits

LME inventory last week touched a three-year peak.

July 29, 2024

Union at BHP’s Escondida mine urges rejection of contract offer, strike possible

The union and BHP have repeatedly clashed due to work stoppages, pressure to increase production and complaints about worker safety.

July 29, 2024

Gold, not dollar, is the best trump trade, survey shows

Trump’s platform of tax cuts, tariffs and weaker regulation are viewed as inflationary on Wall Street.

July 29, 2024

Nornickel sticks to production outlook despite furnace repairs

The miner reported on Monday a 1% drop in nickel output for the first half of the year.

July 29, 2024

China’s COSCO Shipping, Fortescue to build green fuel supply chain

The memorandum of understanding includes exploring deployment of green ammonia-fueled vessels to transport iron ore in the China-Australia iron ore corridor.

July 29, 2024

LME approves Saudi port as warehouse delivery point

The LME has approved Red Sea port city Jeddah as a warehouse delivery point for copper and zinc.

July 28, 2024

Peru 2024 GDP growth should surpass 3.1%, president says

The Tia Maria mine should bring Arequipa some 400 million soles ($108 million) a year, Dina Boluarte said.