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Chinese copper smelters to face record low fees for 2026
Chinese copper smelters are likely to be forced to accept record low processing fees for next year's term contracts as negotiations over ore supply begin amid a backdrop of tight supply and growing...
Barrick, Mali government agree to resolve gold mine dispute
Barrick Mining said on Monday it had reached an agreement with Mali's government to resolve all their disputes over the Loulo-Gounkoto gold mining complex after two years of negotiations, sending...
Mozambique grants 30-year concession to State firms for LNG facilities, pipeline
Mozambique has granted its top state-owned companies, including national oil firm ENH, a 30-year concession to build and operate natural gas facilities at the Port of Beira and the smaller...
UBS raises copper outlook as mine disruptions deepen supply deficits
UBS expects copper prices to rise into next year, citing tightening supply from persistent mine disruptions and strong long-term demand from electrification and clean-energy investment, the bank...
Freeport Indonesia targets 478 000 t of copper cathode output in 2026
Freeport Indonesia plans to produce 478 000 metric tons of copper cathode and 26 tons of gold in 2026, lower than its initial plan due to an ongoing recovery process following a mud flow accident,...
BHP must get over Anglo, focus on growth projects, investors say
BHP should move on from Anglo American and focus on its growth strategy, investors said on Monday, after the Australian company's last-minute appeal to the London-listed firm that is nearing a $60...
COP30 seals uneasy climate deal that sidesteps fossil fuels
Brazil's COP30 presidency pushed through a compromise climate deal on Saturday that would boost finance for poor nations coping with global warming but that omitted any mention of the fossil fuels...
UAE announces $1bn initiative to expand AI in Africa
The United Arab Emirates said on Saturday it will invest $1-billion to expand AI infrastructure and AI-enabled services across Africa, with the aim of helping countries meet national development...
South Africa's G20 debt focus to be tested as US takes the chair
The G20's leadership is heading away from the Global South just as debt problems in poorer countries threaten to flare again, testing whether the group's ambitions on debt relief will translate...
Gavi, Unicef sign deal to cut malaria vaccine price
Global vaccine alliance Gavi and its partner Unicef will pay 25% less for a new malaria vaccine made by the Serum Institute of India within roughly a year's time, allowing them to reach more...
Glass Lewis recommends Teck to vote in favour of deal with Anglo
Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources shareholders to vote in favour of a deal to combine with Anglo American. The planned merger, which was first...
US EXIM to invest $100bn to secure critical mineral supplies, FT says
The US Export-Import Bank (EXIM) will invest $100-billion to secure US and allied supply chains for critical minerals, nuclear energy and liquefied natural gas, the organisation's chair John...
MMG's deal to buy Anglo American's Brazil nickel assets faces EU regulatory delay
Hong Kong-listed mining and metals company MMG said on Monday that the European Commission had extended the review of its deal to purchase Anglo-American's nickel business in Brazil. The...
BHP walks away from last stab at Anglo American takeover
BHP on Monday pulled back from a last-ditch effort to buy Anglo American and bolster its dominance in copper, just two weeks before shareholders at Anglo and Canada's Teck Resources were set to...
G20 summit in South Africa adopts declaration despite US boycott, opposition
Group of 20 leaders adopted a declaration addressing the climate crisis and other global challenges on Saturday over U.S. objections, prompting the White House to accuse South Africa of weaponizing...
South Africa sees US trade negotiations continuing despite G20 differences
South Africa's Trade Minister Parks Tau said on Sunday that he expected negotiations with the US over a trade deal would continue, despite differences between the two countries over this weekend's...
South Africa judges G20 summit a triumph of multilateralism despite US no-show
South Africa's President Cyril Ramaphosa said on Sunday that the declaration from this weekend's Group of 20 summit reflected a "renewed commitment to multilateral cooperation", concluding a...
Can West Virginia go green as Trump backs coal mining?
Working in a verdant valley in southeastern West Virginia, Donnie Hairston restacks beehive boxes overturned by a bear and tries to lure wayward goats out of a chicken coop. He is a participant in...
Lithium prices plunge in China after moves to curb speculative trading
Lithium prices in China fell sharply on Friday, short-circuiting a rally, after the main exchange stepped in to curb speculative trading and on a report that battery giant CATL could restart...
EU ready to take stakes in Australian resources projects
The EU is prepared to take direct stakes in Australian critical minerals projects and will soon announce a list of projects it will support, EU Trade Commissioner Maros Sefcovic said on Friday....
China warns citizens risk becoming 'mining slaves' in Central African Republic gold rush
China's embassy in the Central African Republic (CAR) has warned its citizens risk becoming "mining slaves" in the politically unstable nation's gold trade, as Chinese workers look to sub-Saharan...
South Africa, EU sign critical minerals deal, vow to defend multilateralism
South Africa and the European Union vowed to defend multilateralism on Thursday, ahead of the G20 summit, as they signed a partnership on critical minerals. South Africa is hosting this year's G20...
China signs agreement to revamp TAZARA railway in Zambia
China signed a $1.4-billion agreement with Zambia and Tanzania on Thursday to modernise the TAZARA railway linking landlocked Zambia to the Indian Ocean. The railway, financed by China in the 1970s...
South African key rate lowered at first decision under new inflation target
South Africa's central bank cut its main lending rate by 25 basis points to 6.75% on Thursday at the first meeting since its inflation target was lowered, easing concerns that the new target would...
LME to stop holding price-setting PGM auctions for the LBMA next year
The London Metal Exchange (LME) will stop administering auctions that set platinum and palladium prices for the London Bullion Market Association next year so it can focus on its core base metals...
China's first coal to chemicals project with green hydrogen starts commercial operations
China's first coal-to-chemicals project integrating green hydrogen started commercial operations on Thursday, according to a report from state-run CCTV. Operated by major state-owned power...
UBS raises 2026 mid-year gold target price
UBS on Thursday raised its 2026 mid-year gold target price by $300 to $4 500/oz on expectations of Federal Reserve rate cuts, persistent geopolitical risks, fiscal concerns and strong central bank...
South African rand weakens ahead of interest rate decision
The South African rand slipped in early trade on Thursday, as investors looked ahead to the central bank's interest rate decision, the first meeting since the finance minister officially confirmed...
Stand-off between Chinese buyer and BHP tightens iron-ore supplies, sources say
Protracted negotiations between China's state iron ore buyer and miner BHP have tightened availability of some iron ore, seven sources said, underpinning prices despite weakening demand for the key...
MP Materials to build Saudi rare earths refinery with Pentagon, Maaden
MP Materials said on Wednesday it would build a rare earths refinery in Saudi Arabia with the US Department of Defense and state-owned Saudi Arabian mining company Maaden to expand Middle Eastern...
Chile's Cochilco hikes 2025 and 2026 copper price forecasts to record highs
Chile's state copper commission Cochilco increased its forecast for copper prices for 2025 and 2026 to record highs on Wednesday amid weak production. Cochilco now sees average copper prices in...
Anfield seeks approval to restart Colorado uranium and vanadium mine
Anfield Energy said on Wednesday it has applied for state approval to restart its past-producing JD-8 uranium and vanadium mine in Colorado, positioning the company to restart production in the...
Argosy inks lithium spot sales deal with China’s Chengdu Chemphys Industry
Argosy Minerals has signed a spot sales contract with China’s Chengdu Chemphys Industry for 16.1 tonnes of lithium carbonate produced from its Rincon project in Argentina, the Australian miner said...
Liontown jumps after first spodumene auction lands well above spot prices
Liontown Resources said on Thursday its first online auction for spodumene concentrate from its flagship Kathleen Valley project fetched a price far above prevailing spot levels. Prices for...
Glencore cuts Century Aluminum stake to 33% after tariff-driven rally
Glencore has cut its stake in Century Aluminum by 10% to 33%, raking in millions following a share price rally triggered by US tariffs on aluminium imports and a profit bonanza for local aluminium...
EU industry chief says raw materials recycling is solution to China dependency
EU industry chief Stephane Sejourne said on Wednesday that recycling is likely the solution to reducing the bloc's dependency on critical raw materials imports from China. Under the Critical Raw...
South African consumer inflation quickens to 3.6% y/y in October
South African inflation rose slightly in October, but by less than expected, prompting analysts to predict Thursday's interest rate decision by the central bank was likely to be a close call....
Iron-ore hits over two-week high on firm China demand and lower supply
Iron-ore futures prices rose on Wednesday to their highest in more than two weeks, helped by firm demand in top consumer China and falling domestic supply. The most-traded January iron ore...
PowerChina targets Africa for renewables-focused growth
China's state-owned Power Construction Corp (PowerChina) is aiming for significant growth in Africa, focusing on renewable energy projects as part of its overseas expansion strategy, a company...
SQM quarterly profit rises as lithium prices rebound
Chilean lithium producer SQM on Tuesday reported a rise in third-quarter net profit, helped by an improved pricing environment that lifted average lithium prices for the first time in two years....
Elliott builds stake in Barrick Mining, source says
Activist investor Elliott Investment Management has built a significant stake in Barrick Mining, a source familiar with the matter said on Tuesday. Barrick has faced a challenging year, including...
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