mining

After correcting over 22% since its peak at $5.08 per pound in May, copper finally found its footing after China announced significant stimulus measures. The market is now awaiting Saturday’s comments from China’s Finance Minister Lan Fo’an, who could clarify the stance on further...

The Serbian parliament didn't accept the opposition's proposal to modify the country's mining law to ban the exploration and exploitation of lithium and boron. Such a decision would have ended Rio Tinto's (NYSE:RIO) multi-billion dollar Jadar project. After a four-day discussion, the 214 members...

The largest Chinese coal producer, CHN Energy Investment Group, has announced a $24 billion investment in a coal-to-petroleum facility in Hami, Xinjiang. The project, scheduled to begin production in 2027, aims to convert excess coal into petroleum products. The plant should produce synthetic fuels...

On Monday, Rio Tinto (NYSE:RIO) confirmed that it is in non-binding talks to acquire Arcadium Lithium (NYSE:ALTM), a major lithium miner formed from the merger of Livent and Allkem. Both companies clarified that the discussions are preliminary, and there is no certainty that a transaction will...

The Brazilian mining giant Vale SA (NYSE:VALE) announced its commitment to significantly boost copper production under its new CEO, Gustavo Pimenta. Pimenta, a former CFO who became CEO after a turbulent succession process, spoke to the media for the first time in his new role. He acknowledged that...

Canadian regulators put Paladin Energy‘s (OTC:PALAD) acquisition of Fission Uranium (OTCQX:FCUUF) under review, citing national security concerns. What Happened: Paladin Energy agreed in June to acquire Fission Uranium for CAD 1.14 billion ($846 million). The Subiaco, Australia-based miner...

BHP (NYSE:BHP) expects global copper demand to grow by around 70% to over 50 million tons annually by 2050. The mining heavyweight released a new study pointing out the issues of the current cycle, including aging deposits and a less healthy pipeline of potential mining projects. The detailed...

While BHP and Rio Tinto hunt for M&A opportunities, Freeport-McMoRan (NYSE:FCX) is focused on organic growth. What Happened: Freeport-McMoRan is ramping up production across three continents to meet the rising need for copper — a cornerstone metal of the ongoing green energy transition. The...

In an intriguing development, Zhu Guangyao, China’s former Vice Minister of Finance, has called on the Xi Jinping administration to delve deeper into the study of cryptocurrencies, emphasizing the significance of the industry in the digital economy and its growing mentions in global...

Vice President Kamala Harris has vowed to establish a national stockpile of critical minerals, citing their importance for economic and national security. This initiative forms part of her broader $100 billion industrial policy proposal, unveiled Wednesday, which includes various measures to...

Fortescue Metals (OTC:FSUMF), a leading iron miner, has announced a $2.8 billion investment in fleet electrification. Despite falling iron ore prices and high energy prices that caused it to pause green hydrogen projects earlier this quarter, the company is firmly set on its green transition goals...

Wall Street inched higher on Tuesday, with the Nasdaq 100 outperforming other major indices, while cyclical sectors linked to metals and industrial commodities saw strong gains, fueled by a surprise stimulus package from China’s central bank. The People’s Bank of China (PBOC) unveiled a...

Eighty percent of the metal and mining industry's revenues are derived from just five materials: steel, thermal coal, copper, gold, and aluminum, according to a recent McKinsey report. Steel and thermal coal alone account for 60%–70% of revenues, driven by their massive production volumes of 7...

The recent uptick in mining mergers and acquisitions (M&A) is masking the slowdown in greenfield exploration projects. Companies are increasingly relying on acquisitions rather than the expensive and risky process of discovering new deposits. After making a new all-time high in May, copper has...

The leading gold miner, Barrick Gold (NYSE:GOLD), is projecting a 30% growth in gold-equivalent ounces from its existing assets by the end of the decade. Speaking at the Gold Forum Americas in Colorado Springs on Tuesday, CEO Mark Bristow pointed out the company's differing approach in the era of M...