South African rand hits 18-month low, stocks recover from plunge

South Africa's rand slumped to its weakest in 18 months on Monday, while local stocks plunged before staging a recovery as US President Donald Trump's sweeping tariffs and global recession fears... 

Trump's tariff 'medicine' injects turmoil into global markets

US President Donald Trump warned foreign governments they would have to pay "a lot of money" to lift sweeping tariffs, characterising the duties as "medicine" and triggering further carnage across... 

Chile Minister says copper could find support at $3.9/lb

 Chilean Mining Minister Aurora Williams said copper prices could reach a technical support level at $3.90 a pound amid current uncertainty, Diario Financiero reported on Sunday. The minister said... 

Woodside Energy to sell 40% stake in Louisiana LNG project to Stonepeak

Australian energy company Woodside Energy said on Monday that it will sell 40% stake in its Louisiana LNG Infrastructure project to investment firm Stonepeak. Under the deal, Stonepeak will... 

Australian heavy rare earths miners rally on China export controls

 Australian-listed miners of heavy rare earths rallied on Monday, shrugging off major selloffs across other markets, on bets Western governments would renew their push to develop a separate supply... 

Treasury looking at alternatives to VAT hike

National Treasury is looking at alternative revenue-raising options to a value-added tax (VAT) increase, but the chances of avoiding it are low, President Cyril Ramaphosa said on Sunday. The second... 

Silver hits over eight-week low as market frets about industrial demand

Prices of silver dropped to over eight-week lows on Friday as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from US President Donald... 

China files complaint with WTO over new US tariffs

China said it had opened a formal complaint against the new US tariffs with the World Trade Organization (WTO) on Friday, saying the measures violate WTO rules and requesting consultations.... 

Africa's top climate negotiator says 'no reverse gear' on commitments

The world has no choice but to press on with climate commitments despite the United States pulling out of a key international accord, given the threats posed by global warming and the progress... 

South Africa says Trump's tariffs cancel out AGOA trade initiative

South Africa's government said on Friday that tariffs announced by President Donald Trump this week effectively nullified the benefits African countries enjoy under US trade initiative the African... 

China hits back hard in global trade war with tariffs on US goods

China announced additional tariffs of 34% on US goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global... 

Indian delegation to visit Chile seeking stake in SQM's lithium projects, source says

Indian officials will visit Chile next week to discuss plans for four State companies to take a stake in two lithium projects of the world's No. 2 producer of the metal, SQM, a source said. The... 

Glencore seeks Australian government bailout for local copper assets

Anglo-Swiss commodities giant Glencore said that it has approached both Queensland's and the Federal Government of Australia about the future of its Mount Isa copper smelter and Townville copper... 

Rio Tinto amends flight delay policy for Pilbara mine workers, union says

An Australian mining union said on Friday iron-ore giant Rio Tinto RIO.AX agreed to amend its policies including flight delay compensation to benefit workers at the Paraburdoo project in the... 

After tariffs, US dangles billions of dollars in Congo mineral investment

The United States is in talks to invest billions of dollars in mineral-rich Congo and wants to help end a conflict raging in the country's east, President Donald Trump's senior adviser for Africa... 

HSBC raises gold price forecasts amid geopolitical tensions

HSBC raised its average 2025 and 2026 gold price forecast to $3 015 and $2 915 per ounce respectively, citing geopolitical risks. This is an increase from its previous forecasts of $2 687 and $2... 

Bolivia wildcat mining clash sees explosions as six reported dead

A violent clash between two groups of Bolivian miners disputing the exploitation of small gold deposits left six people dead and some others missing, a mining cooperative representative said on... 

Trump's policies to spur further central bank gold buying

Central banks are expected to help keep gold's stunning rally going this year with buying aimed at further diversifying reserves away from the dollar due to risks stemming from US President Donald... 

South Africa's white Afrikaner separatists want Trump's help to become state

A group of white Afrikaners was so opposed to majority Black rule when apartheid ended some three decades ago that they carved out a separatist enclave, the only town in South Africa where all... 

Australia's Galan Lithium declines $150m buyout bid for Argentine assets

Australia's Galan Lithium said on Thursday that it rejected an offer from Zhejiang Huayou Cobalt and Renault Group to acquire the lithium explorer's stake in its Argentine assets for $150-million... 

South Africa business activity contracts for fourth month in a row – PMI

South Africa's private sector shrank in March for the fourth consecutive month, as output and sales declined amid economic uncertainty, a survey showed on Thursday. The S&P Global South Africa... 

With US tariffs, India's jewellery exports set for sharp decline

India's $32-billion gems and jewellery industry is bracing for a sharp fall in exports as hefty US tariffs will impede overseas sales to its biggest market, industry officials said. The US slapped... 

Global coal power capacity inches up in 2024, data shows

The world's coal-fired power fleet inched up by 18.8 GW in 2024, its lowest rise in two decades, but new additions in China and India continued to offset closures elsewhere, data from US think tank... 

Australian shares crash in Trump tariff meltdown

Australian shares plunged 2% in a sea of red on Thursday as investors recoiled after US President Donald Trump announced sweeping tariffs on all imports, in a move that ratchets up a global trade... 

Oil, copper slide as Trump tariffs rattle markets; gold hits record high

Commodities including oil, copper and agricultural products fell on Thursday as US President Donald Trump's aggressive tariffs on key trading partners fuelled fears of a global recession, while... 

US produces most uranium since 2018, EIA says

The US produced more uranium concentrate, which is used to fuel nuclear reactors, in the last three months of 2024 than it had in any quarter in the last six years, the US Energy Information... 

Markets reel as US tariffs stoke fear of 'spiral of doom' for growth

President Donald Trump's new tariffs sent shockwaves through markets on Thursday, with the dollar and US stocks among the hardest hit on fears a broadening trade war will spur recession in a... 

Perth Mint's March gold sales hit 4-month high, silver up 48% m/m

The Perth Mint's gold product sales in March rose to a four-month high, while silver sales rose 48% from the previous month, the refiner said on Thursday, driven by strong demand. The Perth Mint,... 

Budget vote passes but key coalition partner dissents

South Africa's parliament passed the budget's fiscal framework on Wednesday after weeks of political wrangling, but the future of the coalition government was thrown into doubt after a key... 

BHP considered spinning off iron-ore, coal divisions

The world's biggest listed miner BHP Group considered spinning off its Australian iron-ore and coal divisions as part of a medium-term growth strategy, three sources with knowledge of the matter... 

Trump's tariffs will be negative the world over, says ECB's Lagarde

US President Donald Trump's planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations,... 

Indian conglomerate Vedanta seeks global partner for $20bn expansion plan

Indian metals-to-oil conglomerate Vedanta is looking for a global company to partner with on expansion projects worth $20-billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as... 

Trump to escalate global trade tensions with new reciprocal tariffs on US trading partners

US President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, threatening cost increases and likely... 

Lithium Americas reaches final investment decision for Thacker Pass mine

Lithium Americas said on Tuesday it has reached a final investment decision (FID) for constructing the first phase of the Thacker Pass lithium mine in Nevada. The Thacker Pass project is a joint... 

First Quantum shares rise after company drops arbitration against Panama

First Quantum Minerals' shares rose by as much as 3% on the Toronto Stock Exchange early on Tuesday after the company said it had discontinued arbitration proceedings against the Panama government.... 

Trump administration weighs new coal leases at North Dakota mine

The Trump administration on Tuesday took a key step toward leasing new areas to a North Dakota coal mine that is proposing to operate through 2045. The publication of a draft environmental analysis... 

South Africa seeks meeting with US on auto tariffs

South Africa will seek a meeting with US authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the... 

Vale to receive $1bn in Alianca Energia JV deal

Brazilian miner Vale said on Monday it agreed to form a joint venture with US-based investment firm Global Infrastructure Partners (GIP) through its Brazilian renewable energy business Alianca... 

Gold hits all-time high as Trump's tariff plans stir inflation worries

Gold prices hit a record peak on Tuesday, as concerns that US President Donald Trump's reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven demand. Spot... 

Freeport-McMoRan lowers first-quarter gold sales forecast

Miner Freeport-McMoRan lowered its forecast for first-quarter gold sales on Monday, after shipment timing issues in Indonesia led to a deferral of a portion of its quarterly production to future...