mining

Chile's state-owned mining company, Codelco, is targeting the start of lithium production at its Maricunga site by 2030. The Santiago, Chile-based company is developing the project from scratch and searching for a partner for such an endeavor. Rothschild & Co is evaluating partner candidates,...

Antofagasta‘s (OTCPK: ANFGF) stock price is up 1.82% at last check Thursday, trading at $27.95 per share after news broke that the company signed a $600-million deal to enhance water supply systems in northern Chile. What Happened: The company took a critical step to ramp up mining...

One of the largest U.S. lithium projects recently cleared a key permitting milestone after lengthy delays. But it’s just one step in a nation where mine permitting is a key choke point for the Biden administration’s ambitions to ramp up domestic production of metals crucial to the...

Copper is facing a headwind as stockpiles in China, the world’s biggest consumer of the metal, are soaring at an unexpected time. This surge is raising concerns about weakening demand despite a recent price rally. Typically, Chinese copper inventories peak in March and then decline as...

UBS has once again adjusted its price target for gold, forecasting a bullish trend in the coming years. The bank anticipates gold to reach $2,800 per ounce by the end of 2025, driven by macroeconomic uncertainty, geopolitical risks, and increased allocations to gold. This update comes ahead of the...

Australian Treasurer Jim Chalmers ordered several China-linked investors to divest from rare earths miner Northern Minerals Ltd (OTCPK: NOURF). As green technologies gain importance, countries are becoming increasingly inclined to safeguard production. “The decision, based on advice from the...

Mining leader Rio Tinto (NYSE:RIO) has announced a $143 million (A$215 million) investment to establish a new research and development facility in Western Australia dedicated to low-emission steelmaking. The facility will focus on advancing the BioIron™ process, an innovative ironmaking...

Peru is targeting an ambitious increase in copper production, aiming to reach 4 million tons annually, driven by the expansion of its principal Cerro Verde mine and the development of other significant projects. Peruvian Minister of Energy and Mines, Rómulo Mucho, highlighted these plans as part of...

Top Stories for May 31, 2024: The Law Offices of Frank R. Cruz is investigating U.S. Steel (NYSE:X) for potential federal securities law violations.  U.S. Steel announced an agreement on Dec. 18, 2023, to be acquired by Nippon Steel at $55.00 per share. However, the CEO sold $12 million in...

Top Stories for May 30, 2024: 1. U.S. Steel (NYSE:X) and Nippon Steel have received all necessary regulatory approvals outside the U.S. for their proposed transaction.  Approvals came from various international competition authorities, including those in the EU, Mexico, Serbia, Slovakia,...

At Glencore‘s (OTCPK: GLCNF) plans to consult with shareholders on the future of its coal business following the anticipated closure of its deal to acquire Teck Resources (NYSE:TECK) steelmaking coal assets. Glencore CEO Gary Nagle said at the annual general meeting held on May 29 that the...

Top Stories for May 29, 2024: 1. BHP (NYSE:BHP) requested more time beyond today’s 4:00 p.m. GMT deadline to finalize its $50 billion takeover bid for Anglo American (OTC:AAUKF).  After a previous extension from the original May 22 deadline, BHP cited the complex structure of the deal as the...

The growing trend of hybrid electric vehicle (HEV) adoption is poised to reshape the landscape for essential raw materials. Bill Peterson from JPMorgan outlines how this shift impacts the demand for lithium, rare earths, copper and aluminum. For investors, this shift comes with significant...

After over five weeks of intense discussions, global miner BHP (NYSE:BHP) couldn’t reach an agreement to acquire Anglo American (OTCQX:AAUKF). The Australian company failed to secure an extension for one of the largest deals in the mining sector's recent past. The company had already been...

Shares of Eldorado Gold Corp (NYSE:EGO) have been in focus as gold continues to flirt with record highs. Eldorado Gold's stock is likely to continue outperforming peers, with Skouries construction gaining momentum and the mine's startup being de-risked by higher gold and copper prices, according to...