Copper squeeze breathes new life into old mines

In 1899, the Mt Lyell mine in Tasmania produced some 9 500 metric tons of copper. That made it the largest copper mine in the British Empire, though small by today's standards. In September,... 

Bessent calls for World Bank reforms, including upstream oil and gas financing

US Treasury Secretary Scott Bessent issued a long list of demands for the World Bank in line with Trump administration interests, including ending the bank's prohibition on financing upstream oil... 

ICSG sees global refined copper surplus widening in 2027

The International Copper Study Group forecast on Wednesday that the global refined copper market would remain in surplus through 2027, with it widening from about 104 000 metric tons in 2026 to 368... 

Ferrexpo's quarterly output falls on production halt, export constraints

Iron-ore pellet producer Ferrexpo reported a 19% sequential drop in third-quarter output on Wednesday, pressured by a production halt and constrained export capacity as access to Ukrainian ports... 

China September coal imports fall 6% on high inventories, Indonesia supply constraints

China, the world's largest buyer of coal, cut its September imports by 6% from a year earlier, customs data showed on Wednesday, as solid domestic inventories reduced demand while export... 

Europe's battery boom has a dirty secret, says public policy expert

Europe's battery boom is proving that storage can help lower peak power prices. But unless government policy changes, battery systems may simply profit from fossil-fuel use instead of helping to... 

Striking unions and Centinela copper mine restart negotiations

Chile's Centinela copper mine and two striking unions returned to the negotiating table on Tuesday under a voluntary mediation process aimed at resolving a week-long work stoppage that workers say... 

Argentina seeks tribunal order against UK oil activity near Falklands

Argentina's government said on Tuesday it had filed a request for provisional measures with the International Tribunal for the Law of the Sea seeking to halt British-authorized hydrocarbon activity... 

Rio Tinto on track to release $5bn in capital after stronger Q3 iron-ore sales

Diversified miner Rio Tinto said on Wednesday it was on track to release about $5-billion in capital by the end of 2026, after strong mine performance helped lift third-quarter iron-ore sales from... 

Aluminium's calm belies lingering supply-chain stress, Reuters column says

Iranian missile attacks on Gulf smelters and the blocking of the Strait of Hormuz have knocked out almost 3-million metric tons of aluminium production capacity. Yet, eight months on, the market is... 

BHP's Escondida, supervisors hold talks in bid to avert strike

In a last-ditch effort to avoid a strike, the supervisors' union at BHP's Escondida copper mine in Chile and company representatives are holding talks, the union said late on Tuesday. Earlier in... 

Glencore shares trade higher on ASX debut as investors eye copper

Glencore's shares traded heavily in their debut on Wednesday on the Australian Securities Exchange, where the miner and trader hopes to secure a better valuation from investors seeking greater... 

India may need to raise coal power capacity as demand surges, official says

India's rapidly growing demand for electricity could force it to add substantially more coal-fired power capacity than planned, the head of the power sector planner said on Tuesday. The South... 

India's NTPC seeks overseas buyers for green ammonia, low-carbon fuels

India's top power producer NTPC is in talks with potential buyers in Japan, South Korea and Germany for green ammonia and other low-carbon fuels, chairperson Gurdeep Singh said on Tuesday. India... 

EnergyX signs binding $2bn lithium supply deal with Trafigura

Lithium startup EnergyX said on Monday it has signed a $2-billion binding offtake to supply commodities trader Trafigura with the battery metal from Chile and the US, one of the largest deals ever... 

France to become Eramet's top shareholder via miner's capital hike

France is set to become Eramet's largest shareholder by increasing its stake during a €500-million ($558.50-million) capital increase later this year, the French mining group said on Monday.... 

Malaysia's king buys stake in Southern Alliance Mining as firm expands rare earths push

Malaysia's king has acquired a 2.25% stake in Singapore-listed Southern Alliance Mining (SAM), paying a premium in an off-market deal with the firm's MD and controlling shareholder Pek Kok Sam, the... 

Chinese lithium prices tumble to nearly 10-month low on demand concerns

China's lithium carbonate futures prices slid to a nearly 10-month low on Monday, as a deal with the European Union to cut hybrid cars exports exacerbated concerns over demand prospects for the... 

Ethiopia launches its first gold refinery, Prime Minister says

Ethiopia has launched its first gold refinery, a $50-million joint venture aimed at turning the East African nation into a regional processing hub for precious metals, Prime Minister Abiy Ahmed... 

Iron-ore prices seesaw as restocking hopes counter rising supply

Iron-ore prices rose on Monday, supported by expectations of restocking by Chinese steelmakers following a week-long holiday, although prospects of increased supply capped gains. The most-traded... 

EU eyes COP31 climate deal to accelerate emissions cuts, document shows

The European Union (EU) will use next month's COP31 climate summit to push for agreement on a "package" of efforts to reduce the greenhouse gas emissions heating the planet, an internal EU document... 

Chile's El Teniente mine partially suspends operations after fatal landslide

Chilean State miner Codelco partially suspended operations at its El Teniente mine on Sunday after a landslide left two workers dead while one survived, according to SERNAGEOMIN, the South American... 

Ghana to replace draft mining bill with revised version, sources say

Ghana is expected to replace a draft mining bill before Parliament with a revised version that restores a maximum 20-year mining lease term and clarifies provisions that have raised concerns among... 

EU grants strategic status to $2.4bn KGHM copper projects

The European Commission has designated two major investments by Polish copper producer KGHM Polska Miedz as strategic projects under the EU's Critical Raw Materials Act (CRMA), the company said on... 

US agency to do more equity investing in Africa, official says

The US International ​Development Finance Corp plans to increase direct equity investments, including in Africa and the critical minerals sector, the agency's Africa head said, as the US steps up... 

European Commission picks 46 new strategic critical mineral projects

The European Commission has chosen 46 strategic raw material projects to benefit from faster permitting and help in bidding for public and private funding, as the bloc races to diversify supply... 

India gold demand slows as prices rebound; China emerges from holiday lull

Gold demand in India was sluggish this week as prices rebounded, while trading in top consumer China was subdued during the holiday-truncated trading period. In India, domestic gold prices were... 

Strike could cut November output at Chile's Centinela copper mine by half, unions say

The full impact of a workers' strike at Antofagasta's Centinela copper mine in Chile is expected to be felt in November, when production could decrease by half, unions said on Thursday. Labor... 

Zambia says it is negotiating US minerals deal after 'decoupling' from health pact

Zambia is negotiating a critical minerals deal with the US government after "decoupling" it from a separate health funding agreement it signed on Thursday, its foreign minister said. "There was... 

Ivanhoe's Congo copper production jumps 19% in third quarter

Ivanhoe Mines reported third-quarter copper production at the Kamoa-Kakula mine in Democratic Republic of Congo rose 19% from the previous quarter, helped by higher mining rates across the complex,... 

Australia's Fortescue cash drops over 37% amid China buying curbs

Fortescue said on Thursday its cash balance fell 37% in the September quarter and warned its forecasts remained subject to ongoing negotiations with state-backed buyer China Mineral Resources... 

Australia's Elevra signs spodumene supply deal with South Korea's LG Energy Solution

Australian lithium producer Elevra said on Thursday it had signed an agreement to supply spodumene concentrate from its North American Lithium project in Quebec, Canada, to South Korea's LG Energy... 

Encroaching energy, mine concessions threaten protected ecosystems, research shows

Millions of hectares of protected tropical ecosystems are at risk from overlapping mining concessions and oil and gas blocks, researchers said on Thursday, potentially weakening a global treaty... 

Miners drag Australian shares lower as Fortescue slides on CMRG uncertainty

Australian shares fell on Thursday, led by miners after Fortescue warned of a drop in its cash balance and said its forecasts hinged on talks with Chinese state-backed iron ore buyer China Mineral... 

Zimbabwe's lithium export earnings surge on higher spodumene prices

Zimbabwe recorded lithium export sales worth $2.16-billion during the nine months to September 30, nearly four times the total sales for last year, the government's minerals marketing agency said... 

Workers at Chile's Centinela copper mine strike after talks fail

Two unions at Chile's Centinela copper mine rejected further contract talks with Antofagasta Minerals on Wednesday and decided to strike after government-mediated negotiations failed to produce a... 

Savannah Resource close to second offtake deal for Portugal lithium project

London-listed Savannah Resources SAVS.L is close to signing a key second offtake deal for future output from its flagship Barroso lithium project in northern Portugal, with an agreement expected... 

Titan Mining signs preliminary deal with US Army for Alabama graphite facility

Titan Mining said on Wednesday its subsidiary signed a preliminary agreement with the US Department of the Army outlining commercial terms for a proposed graphite processing facility in Alabama.... 

Indonesia plans to impose a moratorium on new plants making partly processed nickel

Indonesia is discussing a plan to impose a moratorium on development of new nickel processing facilities that produce partly processed metals, the senior minister overseeing mining, Bahlil... 

IMF chief warns energy shock, growing debt and AI risks threaten global growth

The global economy is under threat from persistently high energy prices, record public debt and risks from the AI investment boom, International Monetary Fund MD Kristalina Georgieva warned on...