Copper market expected to be in surplus in 2025 followed by deficit in 2026, ICSG says

The International Copper Study Group (ICSG) on Wednesday projected a surplus of approximately 178 000 t in the global refined copper market for 2025, followed by a deficit of 150 000 t in 2026.... 

Fire in Glencore's mine in Chile under control, operations unaffected

Glencore's Chilean copper mine Lomas Bayas said Wednesday that a fire in a tailings yard was brought under control and operations were not affected. The fire broke out on September 30. 

HSBC raises 2025 average silver price forecast to $38.56 per ounce

HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56/oz from $35.14/oz citing expectations for high gold prices, renewed investor demand, and anticipated volatile... 

Gold's rush to record heights propelled by global anxieties

Anxieties over global geopolitical and economic risks are the biggest drivers pushing gold's 53% surge this year to a record over $4 000/oz, with analysts seeing little to halt the surge. The... 

Titan may get $120m federal financing for New York graphite project

Titan Mining said on Tuesday it got a letter of interest from the US Export-Import Bank for funding of about $120-million for its planned graphite mine in New York, as the country looks to boost... 

Gold builds on historic rally, soars past $4 000/oz for first time

Gold smashed through $4 000 an ounce to hit a record high on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further... 

Hudbay resumes operations at Peru's mine after protests

Canadian miner Hudbay Minerals said on Tuesday it has resumed operations at its Constancia mine in Peru, weeks after halting output due to local protests and blockades that had disrupted access to... 

Chile mining regulator says investigation into fatal mine collapse will take months

The head of Chile's Sernageomin mining regulator said on Tuesday that the investigation into the fatal mine collapse in El Teniente would likely take months to finalize. "Due to the complexity of... 

WTO downgrades global trade growth forecast to 0.5% for next year

The World Trade Organization (WTO) sharply lowered its 2026 forecast for global merchandise trade volume growth to 0.5% on Tuesday, citing expected delayed impacts from US President Donald Trump's... 

Global renewable power output overtakes coal for the first time, report says

Renewable energy sources generated more electricity than coal globally for the first time in the first half of 2025, driven by rapid growth in China and India, a report by think tank Ember showed... 

Aurubis hikes 2026 European copper premium to record $315/t

Europe's biggest copper smelter Aurubis will charge European customers a premium of $315 per metric ton for refined copper next year, three market sources said on Tuesday, a record high for the... 

Indian states sign more coal power deals to meet rising demand

Indian state electricity distributors are signing long-term contracts with coal-fired power generators to meet a projected surge in evening demand, despite the country's efforts to expand clean... 

Nickel market forecast to be in 209 000 t surplus in 2025, says INSG

The International Nickel Study Group on Tuesday forecast a nickel market surplus of 209 000 metric tons for 2025, increasing to 261 000 tons in 2026. Global demand for nickel is expected to... 

Indonesia cuts mining quota validity to one year

Indonesia's mining ministry has issued a new regulation that shortens the validity of mining production quotas to one year from three years, a move intended to offer the government more control... 

Goldman hikes December 2026 gold price forecast to $4 900/oz

Goldman Sachs raised on Monday its December 2026 gold price forecast to $4 900 per ounce from $4 300, citing strong Western exchange-traded fund (ETF) inflows and likely central bank buying. "We... 

Gold blazes through $3 900/oz to new records as investors flee uncertainty

Gold prices surged to record highs above $3 900 per ounce on Monday on expectations of further US rate cuts, and as investors fleeing economic and political uncertainty piled into the safe-haven... 

Gold set to become Australia's second-biggest resource earner

Australia said on Tuesday it expected gold to become its second most valuable resource export after iron-ore this financial year, dislodging liquefied natural gas, as concerns over geopolitical... 

Australia's VHM gets US interest of up to $200m for rare earths project

Australia's VHM said on Monday it has received a letter of interest from the US Export-Import Bank (EXIM) for up to $200-million in funding to support development of its Goschen rare earths and... 

Congo to permanently ban cobalt exporters that breach quotas, says President Tshisekedi

The Democratic Republic of Congo will permanently ban cobalt exporters that violate its new quota system, President Felix Tshisekedi has warned, as the world's top producer tightens controls to... 

Trump administration eyes stake in company developing Greenland rare earths mine

Trump administration officials have discussed taking a stake in Critical Metals Corp, four people familiar with the discussions told Reuters, which would give Washington a direct interest in the... 

Ecuador revokes environmental license for Canada's DPM to develop gold project

Ecuador's government has revoked the environmental license granted to Canadian mining company DPM Metals for the development of Loma Larga, a gold project in an environmentally sensitive area, the... 

Anglo American starts arbitration process against Peabody over collapsed deal

Anglo American has initiated arbitration proceedings against Peabody Energy in response to the termination of a purchase agreement for the British mining giant's steelmaking coal assets, the... 

USA Rare Earth shares surge after report miner in close talks with White House

USA Rare Earth shares jumped 10% in premarket trading on Friday, after a report that the mining company's CEO Barbara Humpton said it was in close discussions with the White House. Humpton was... 

US offers to buy stakes in Australian critical minerals companies

The US government has offered to buy equity in Australian critical minerals companies as part of a funding package to expand its supply and cut its reliance on China, executives recently returned... 

Simandou iron-ore project halted after three workers die in accident

Three foreign workers have died in a site accident at the Simandou iron-ore project in Guinea, its co-developer Winning Consortium Simandou said on Thursday, adding that it has suspended operations... 

Freeport Indonesia says search for five trapped Grasberg workers still ongoing

Miner Freeport Indonesia said on Thursday that the search for five missing workers at the Grasberg copper and gold mine was still ongoing, more than three weeks after a deadly mud flow disaster at... 

Stocks mixed, gold hits record as US government shuts down

Wall Street futures fell, gold struck a record high and the dollar eased on Wednesday as the US government shut down much of its operations, possibly delaying the release of crucial jobs data that... 

Australia offers to sell shares in critical minerals reserve to allies, sources say

Australia is willing to sell shares in its new strategic reserve of critical minerals to allies including Britain, two sources familiar with the matter told Reuters, as Western governments scramble... 

Grasberg mine accident tightens global copper supply estimates

Metals analysts are cutting their estimates of global copper supplies for this year and next after an accident at the giant Grasberg mine dramatically tightened the outlook for the market. Copper... 

France’s Orano says 1 500 t uranium stockpiled at seized Niger site

rench nuclear group Orano has said 1 500 metric tons of uranium are stockpiled at its expropriated SOMAIR mine in northern Niger, and that it will seek compensation and pursue criminal charges if... 

Codelco names VP to lead integration at Andina mine with Anglo American

The world's biggest copper miner, Chile's Codelco, has named Gonzalo Lara Skiba as vice president of integrating operations at Andina, a role in which he will spearhead a shared mine plan between... 

Freeport-McMoRan still in talks with Indonesia over Grasberg mine rights, company says

Freeport-McMoRan said on Tuesday it remains in discussions with the government of Indonesia regarding rights to operate the Grasberg copper and gold mine past 2041. News reports earlier on Tuesday... 

Giant sinkhole in Chilean mining town haunts residents, three years on

Residents in the mining town of Tierra Amarilla in the Chilean desert are hopeful that a new court ruling will allay their fears about a giant sinkhole that opened near their homes more than three... 

Glencore's Lomas Bayas mine in Chile working to control fire at waste yard

Glencore's Lomas Bayas copper mine in Chile is working to control a fire that broke out at a waste yard at midday on Tuesday, sending up a tall column of smoke, the company said in a statement. No... 

Australia PM concerned about China's reported pause on BHP iron-ore purchases

Australian Prime Minister Anthony Albanese said on Wednesday he was concerned about a report that China's state iron-ore buyer had taken steps to pause purchases of iron-ore cargoes from miner... 

Namibia cautious about taking up a stake in De Beers, local media report

Namibia will carefully consider whether or not to acquire a stake in De Beers as the diamond price slump persists, local media reported on Monday, citing the country's deputy prime minister. The... 

Eskom records first full-year profit in eight years

State-owned power utility Eskom reported its first full‑year profit in eight years on Tuesday, helped by government debt relief, higher tariffs and a sharp reduction in power cuts. The company's... 

South Africa records large FDI outflows in Q2 as Anglo spins off platinum unit

South Africa recorded foreign direct investment (FDI) outflows of R73.5-billion in the second quarter of 2025, compared to inflows of R11.7-billion in the first quarter, central bank data showed on... 

UBS forecasts gold price could reach $4 200/oz by mid-2026

Gold markets are now leaning toward a bull-case scenario where the price rises to $4 200/oz by mid-2026, UBS said in a note on Tuesday. The bank pointed to factors including a weakening US dollar,... 

China bans all BHP iron-ore cargoes as pricing dispute deepens, Bloomberg News reports

China's state iron-ore buyer has told major steelmakers and traders to temporarily pause purchases of any dollar-denominated seaborne iron ore cargoes from BHP, Bloomberg News reported on Tuesday,...