mining

Goldman Sachs (NYSE:GS) reinforced its bullish outlook on gold, citing increased central bank demand and expectations of a U.S. Federal Reserve interest rate cut tomorrow. "While we see some tactical downside to gold prices under our economists' base case of a 25bp Fed cut on Wednesday, we...

Mining company BHP Group Ltd (NYSE:BHP) has flagged an acute shortage of copper metal as global Big Techs, including Microsoft Corp (NASDAQ:MSFT), Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.Com Inc (NASDAQ:AMZN), and more, splurge on their artificial intelligence ambitions. The...

The volatility that dominated markets in the early part of the month sharply reversed in the past week, driven by growing expectations of interest rate cuts that have bolstered investor risk appetite. The latest batch of inflation statistics for August have given the green light for the Federal...

Leading gold miner Barrick Gold (NYSE:GOLD) will complete its feasibility study for expanding its Lumwana copper mine by the end of the year. CEO Mark Bristow noted that the expansion could transform the mine into a long-life, high-yielding copper producer that will play an important role in the...

Gold mining stocks, as tracked by the VanEck Gold Miners ETF (NYSE:GDX), are enjoying a stellar rally, rising 4.3% by 11 a.m. ET, on track for its largest one-day gain since early March. The rally in miners was driven by a surge in gold prices, which jumped 1.6% to reach an all-time high of over $2...

Despite the global copper market’s looming long-term supply deficit, talk of substitution as a savior is more smoke than fire, according to JPMorgan analyst Patrick Jones. While concerns about copper being swapped out for cheaper materials have been frequent, Jones notes, “Substitution...

News of the suspension, initially circulated by UBS based on industry sources, was later confirmed by CATL itself. In a statement to Reuters, they acknowledged that "based on recent lithium carbonate market conditions, the company plans to make adjustments on lithium carbonate production in Yichun...

AngloGold Ashanti (NYSE:AU) has announced an intent to acquire Centamin (OTC:CELTF) in an all-share deal valued at $2.5 billion. The combined entity will be the fourth-largest gold producer globally. "This transaction will add a Tier 1 asset to our portfolio and is accretive from day one," said...

Canada Nickel Company (OTC:CNIKF) has received a Letter of Interest (LOI) from Export Development Canada (EDC) for a potential $500 million loan to support the development of its Crawford nickel project in Timmins, Ontario. "We are very pleased with the LOI as it marks an important milestone...

Dakota Gold Corp (NYSE:DC) shares continued to decline in trading on Friday, after climbing through most of August. There is "significant scarcity value" in the new JB Gold Zone high-grade gold discovery in the state of South Dakota, according to BMO Capital Markets. Analyst Andrew Mikitchook...

First Majestic Silver Corp. (NYSE:AG)  has announced an all-stock acquisition of Gatos Silver (NYSE:GATO) valued at approximately $970 million. The transaction will bolster First Majestic’s position as a leading silver producer and expand its operations in Mexico. Under the agreement, Gatos...

Allied Gold (OTC:AAUCF) has reached a preliminary agreement with Mali's government for a 10-year permit on the Sadiola gold mine and permission to exploit the nearby Diba deposit. The military-led African country rich in gold and other valuable metals has recently overhauled its mining laws,...

The malaise in China's property sector casts a long shadow over iron ore and coking coal, two key steelmaking ingredients.  Last month, the chairman of China's Baowu Steel Group, the world's biggest steelmaker, said the industry faces a "harsh winter" as the world's second-biggest economy grapples...

Commodity trading powerhouse Trafigura has been identified as the client behind Mineral Resources' (OTC:MALRF) $400 million prepayment deal for iron ore. The Australian miner has previously reported the deal in July without disclosing the client's identity. "Due to confidentiality restrictions, we...

Teck Resources (NYSE:TECK), one of Canada's leading mining companies, has announced a new business structure to accelerate its transition into a pure-play energy transition metals company. Following the sale of its steelmaking coal unit to Glencore, the company has restructured to expand its...