Senators push $70bn funding deal to support Trump's critical minerals push, FT reports

Senators will introduce legislation on Wednesday to reauthorize funding for the United States Export-Import Bank for the next decade, as lawmakers try to inject an extra $70-billion into the agency... 

Sigma Lithium's waste piles offer no 'imminent risk,' Brazil mining regulator says

Sigma Lithium's waste piles at a Brazilian mine offer no "imminent risk" and the country's mining regulator saw no need to shut them down during a visit last month, the agency told Reuters in a... 

Indonesian miners halt spot coal exports over proposal to cut output

Indonesian miners have halted spot coal exports after the government proposed deep production cuts, leaving Asian buyers unable to secure supplies from the world's largest exporter, industry... 

Australia's Sunrise expects to supply US critical minerals stockpile, CEO says

An Australian scandium project backed by mining billionaire Richard Friedland is expected to contribute to the $12-billion US critical minerals stockpile, the company's CEO told Reuters on... 

Glencore in talks to sell 40% stake in DRC mines to US-backed consortium

Glencore is in talks to sell a 40% stake in its copper and cobalt operations in the Democratic Republic of Congo to a US-backed consortium in a deal valuing the assets at about $9-billion including... 

Ghana offers levy cut as sweetener for higher gold royalty regime, lobby says

Ghana's finance minister has offered to cut a mining levy by two percentage points to help push through a new gold royalty regime that mining companies warn could deter investment, the head of the... 

Swedish miner Boliden's dividend brightens slight earnings miss

Boliden proposed a higher than expected dividend for 2025, pushing its shares 4% higher on Tuesday, even as the Swedish copper and zinc miner's fourth-quarter earnings rose less than analysts were... 

Copper's slide from record reflects reality of weak demand, rising stocks, analysts say

A near 9% drop in copper prices in the last two days reflects a return to reality for a market whose recent surge to record highs had run ahead of fundamentals, analysts said - with more losses... 

Trump launches $12bn minerals stockpile to boost US manufacturing, counter China

US President Donald Trump is set to launch a strategic critical minerals stockpile with $12-billion in seed money from the US Export-Import Bank, a Trump administration official familiar with the... 

Glencore close to appointing Citi as adviser for Rio Tinto merger talks, sources say

Swiss miner Glencore is close to engaging Citi as its lead investment bank on its potential acquisition by Rio Tinto that could create the world's largest miner worth over $200-billion, two people... 

Gold’s bull run seen intact despite steep pullback

Despite a historic pullback in gold and silver prices, triggered by the sharpest two-session sell-off in decades, analysts see the metal's bull run continuing and expect it to notch fresh record... 

Eldorado Gold to buy Foran Mining in $2.8bn deal to deepen copper exposure

Eldorado Gold said on Monday it would acquire Canada's Foran Mining in a deal valuing the copper-focused developer at about C$3.8-billion ($2.79-billion), adding a second near-term growth project... 

JP Morgan sees gold at $6 300/oz by year-end on robust central‑bank, investor demand

JP Morgan said late on Sunday it expects demand from central banks and investors to drive gold prices to $6 300 per ounce by year-end. Gold extended its fall on Monday to $4 677.17 per ounce, as... 

Gold, silver selloff deepens after CME hikes margins

Gold and silver extended falls on Monday after CME Group raised margin requirements following a sharp selloff in precious metals last week on US President Donald Trump's nomination of Kevin Warsh... 

Eramet board ousts CEO Paulo Castellari citing divergences

French mining group Eramet said on Sunday it had dismissed its CEO Paulo Castellari, citing disagreements on "operating methods". Chairwoman Christel Bories, who had passed the role of CEO to... 

Capstone Copper restarts Chile's Mantoverde mine while strike continues

Capstone Copper resumed operations at its Mantoverde copper and gold mine in northern Chile, even as a strike by a labor union representing nearly 22% of its workforce continued, the Canadian miner... 

China's Baowu takes control of Simandou iron-ore operator

China’s Baowu Resources, the world’s largest steelmaker, has tightened its grip on one of the biggest untapped high‑grade iron-ore deposits by taking control of the operator of Guinea's Simandou... 

More than 200 killed in coltan mine collapse in east Congo, official says

More than 200 people were killed this week in a collapse at the Rubaya coltan mine in eastern Democratic Republic of Congo, Lumumba Kambere Muyisa, spokesperson for the rebel-appointed governor of... 

Polish copper miner KGHM dismisses CEO Szydlo

Polish copper miner KGHM dismissed CEO Andrzej Szydlo and deputy CEO Piotr Stryczek on Friday, the company said in a statement, without providing a reason. As of 11:22 GMT, shares of the company... 

Madagascar lifts 16-year ban on new mining permits, excludes gold

Madagascar has lifted a 16-year moratorium on new mining permits for most minerals, the government said late on Thursday, but the suspension on gold permits will remain due to regulatory... 

Bougainville rejects Chinese partner for mine that will fund independence

The Pacific island of Bougainville has rejected a partnership with Chinese miner CMOC to reopen a gold and copper mine that was among the world's largest before it was shut by a bloody civil war,... 

Brazilian authorities find erosion at Vale unit after water overflow

Brazilian inspection teams found that Vale's Viga mine presented signs of erosion and ordered the iron-ore miner to shut its operation until further notice, Minas Gerais state government... 

UBS raises gold target to $6 200/oz, sees slight dip by year‑end

UBS on Thursday increased its gold price target to $6 200/oz for March, June and September 2026, compared with a prior forecast of $5,000, citing stronger-than-expected demand stemming from... 

PLS considers plant restart, logs 73% rise in Q2 revenue as lithium sales improve

Australian lithium producer PLS Group signalled a possible restart of a plant under care and maintenance on Friday after posting a surge in December-quarter revenue, as improving demand helped buoy... 

Copper's ascent above $14 000 creates investor dilemma

Copper's red-hot run to above $14 000 a metric ton on Thursday leaves investors facing a decision over whether or not to chase the market higher. Benchmark copper on the London Metal Exchange CMCU3... 

Gold eyes best monthly gain in over 50 years; silver breaks $120

Gold extended its record-breaking rally on Thursday and was on track for its best monthly performance since 1973, as rising economic and geopolitical uncertainties drove investors to the safe-haven... 

Copper hits record high above $14 000 as speculators pile in

Copper prices hit a record high of more than $14 000 a metric ton on Thursday, as speculators extended their buying spree, encouraged by expectations of strong demand and supported by a weak dollar... 

Energy regulator approves power cost relief for ferrochrome makers

South Africa's energy regulator on Thursday approved an application by Eskom to reduce electricity tariffs by 35% for two distressed ferrochrome operations battling high power costs. More than a... 

Speculators push illiquid tin to records, ignoring fundamentals

Funds and speculators are having an outsize impact in the thin-volume tin trade, driving it to a series of record peaks in defiance of warnings from analysts and regulators that the market is... 

Antofagasta 2025 copper output misses guidance

Antofagasta on Thursday reported a 1.6% fall in 2025 copper production to 653 700 metric tons, missing its guidance, as higher output at key projects was offset by lower ore grades. The miner had... 

Mantoverde makes workers new offer as strike continues

Capstone Copper's Mantoverde copper and gold mine in northern Chile said on Wednesday it presented a new contract offer to workers in a bid to end a strike that began in early January, after talks... 

Whitehaven Coal beats second-quarter output view, shares jump

Whitehaven Coal logged a bigger-than-expected 13.5% rise in second-quarter output on Thursday, helped by improved mining conditions and higher output from its Queensland and New South Wales... 

US moves away from critical mineral price floors, sources say

The Trump administration is stepping back from plans to guarantee a minimum price for US critical minerals projects, a tacit acknowledgment of a lack of congressional funding and the complexity of... 

Australian critical minerals miner Iluka falls on flagging impairment of minerals sands unit

Australia's Iluka Resources said on Thursday it expects to recognise two exceptional items, including an impairment of its mineral sands business, putting its shares on course for their largest... 

Gold nears $5 600/oz as investors seek safety, silver eyes $120

Spot gold extended its blistering rally on Thursday to hit a record high just shy of $5 600 an ounce, as investors sought safety amid geopolitical and economic uncertainties, while silver came... 

Gold breaches $5 300/oz to record high

Gold broke through $5 300 for the first time on Wednesday as the dollar plunged to a near four-year low, ahead of a Federal Reserve monetary policy decision. Spot gold climbed 2.3% to $5 305.65... 

Deutsche Bank sees gold reaching $6 000 per ounce in 2026; Citi lifts near-term silver forecast

Deutsche Bank said on Tuesday that the price of gold could climb to $6 000 per ounce in 2026, while Citi raised its short-term forecast for silver to $150 an ounce. Spot gold notched a record high... 

Vale's iron-ore output hits seven-year high in 2025, surpassing Rio Tinto's Pilbara

Brazilian miner Vale's iron-ore production rose to 336.1-million metric tons in 2025, the company said on Tuesday, marking the first time since 2018 that its output surpassed that of rival Rio... 

Woodside beats Q4 revenue estimates despite oil slump, flags lower 2026 output

Australia's Woodside Energy on Wednesday flagged a lower production outlook for 2026, tempering stronger-than-expected fourth-quarter revenue that was underpinned by resilient output despite weaker... 

India considers tighter mining auction rules to deter laggards, sources say

India is considering tightening mining auction rules to weed out developers that delay seeking clearances to mine on blocks they win at auctions, two sources familiar with the matter told Reuters,...