US to push for quicker action in reducing reliance on China for rare earths

US Treasury Secretary Scott Bessent will urge Group of Seven nations and others to step up their efforts to reduce reliance on critical minerals from China when he hosts a dozen top finance... 

JPMorgan M&A global head Aiyengar says rising risks to drive surge in deals

Dealmakers are set for another banner year in 2026 with a record number of deals in the pipeline, as CEOs seek out the safety of scale to weather mounting economic and geopolitical risks,... 

European stocks hit record high as Glencore jumps on Rio Tinto interest

European shares hit an all-time high on Friday, lifted by an 8.3% jump in Glencore that put the STOXX 600 index on track for its longest weekly winning streak since May 2025. The rebound, after two... 

Gold price surge boosts Swiss National Bank's profit

The Swiss National Bank made a profit of around 26-billion Swiss francs ($33-billion) in 2025, the central bank said on Friday, thanks to a sharp increase in gold prices as investors headed for... 

IPO of India's top coking coal miner oversubscribed on first day

The IPO of India's largest coking coal miner was oversubscribed on the first day of bidding on Friday, as investors lined up for the first main board listing of 2026 and the maiden public sale from... 

South African rand steady as investors eye key US data

The South African rand was steady in early trade on Friday, as traders look ahead to US labour market data later in the day for indications on the Federal Reserve's policy trajectory. At 0719 GMT,... 

Goldman Sachs expects South Africa's rand to extend gains as conditions improve

The rand may clock another year of gains supported by easing interest rates, with firmer public finances also boosting South Africa's domestic economy, Goldman Sachs said in a research note. The... 

Goldman Sachs raises first-half copper price forecast

Goldman Sachs raised its copper price forecast for the first half of 2026 to $12 750 a metric ton from $11 525 a ton on Thursday, citing a scarcity premium amid limited inventory coverage outside... 

Anglo American, Teck merger heading for EU antitrust approval

The proposed merger of London-listed miner Anglo American and Canada's Teck Resources is heading for antitrust clearance in Europe after EU regulators signalled the absence of competition concerns,... 

Trump, Congress move to undo Biden-era ban on mining in northern Minnesota

The Trump administration and US Congress are launching a plan this week to overturn former President Joe Biden's mining ban in northern Minnesota and prevent future administrations from taking... 

Glencore and Rio Tinto hold buyout talks to create $207bn mega-miner

Glencore and Rio Tinto, said late on Thursday they were in early buyout talks that could potentially create the world's largest mining company with a combined market value of nearly $207-billion.... 

Lundin Gold expects steady Ecuador mine annual output through 2028

Lundin Gold expects to produce between 475 000 oz/y and 525 000 oz/y of gold from 2026 to 2028 at its Fruta del Norte mine in Ecuador, CEO Jamie Beck told reporters on Wednesday. The projected... 

Strike continues at Capstone Copper's Mantoverde mine after negotiations fail

A workers' strike at Capstone Copper's Mantoverde mine in northern Chile will continue after negotiations between the company and the union failed, the union said on Wednesday. The union in a... 

Perth Mint's December gold, silver sales slip versus November

The Perth Mint's gold product sales fell 46.2% in December from the previous month, while silver sales slipped more than 31% during the same period, the refiner said on Thursday. The Perth Mint,... 

AI to boost copper demand 50% by 2040, but more mines needed to ensure supply, S&P says

Growth in the artificial intelligence and defence sectors will boost global copper demand 50% by 2040, but supplies are expected to fall short by more than 10-million metric tons annually without... 

Indonesia to set 2026 coal output quota at around 600 million tons, will adjust nickel quota, minister says

Indonesia may approve a coal output quota of "more or less" 600 million metric tons in 2026 and will adjust its nickel quota according to the industry's needs, Energy and Mineral Resources Minister... 

South African rand dips while investors await manufacturing data

The South African rand slipped in early trade on Thursday, tracking most emerging market assets ahead of the release of a local purchasing managers' index (PMI) and November production figures for... 

African States, business groups eyeing stake in De Beers, CEO says

De Beers has attracted interest from several business groups and African governments as parent Anglo American looks to offload its stake in the firm, the diamond giant's CEO told Reuters. Botswana,... 

Brazil's iron-ore exports hit annual record in 2025

Brazilian iron-ore exports grew 7.1% in 2025 compared to the previous year, reaching a record 416.4-million metric tons, data from the Ministry of Development, Industry, Trade and Services showed... 

Miners drive Australian shares higher; inflation comes under forecasts

Australian shares rose on Wednesday, with miners leading gains on strong commodity prices, while consumer prices increased by less than forecast in November in a sign that inflation may be cooling... 

Iron-ore rallies to multi-month high on China's pledge of easing monetary policy

Iron-ore futures rallied on Wednesday to their highest in multiple months, boosted by hopes of improving demand in top consumer China following Beijing's pledge of easing monetary policy this year.... 

China's top diplomat heads to key strategic points in Africa

China's top diplomat began his annual New Year tour of Africa on Wednesday, with a focus on the strategically important east, as the world's No.2 economy seeks to reinforce its influence on the... 

Oil prices firm as investors weigh supply outlook and Venezuelan uncertainties

Oil prices rose on Tuesday as the market weighed expectations of ample global supply this year against uncertainty around Venezuelan crude output after the US capture of President Nicolas Maduro.... 

G7 finance ministers to meet in Washington to discuss rare earths, three sources say

Finance ministers from the Group of Seven nations will meet in Washington on January 12 to discuss rare earths supplies, three sources familiar with the matter said on Tuesday. One of the sources... 

Morgan Stanley forecasts gold at $4 800 by the fourth quarter of 2026

Morgan Stanley forecast gold would hit $4 800 per ounce by the fourth quarter of this year, exceeding last year's records, citing falling interest rates, a change in leadership at the Federal... 

Nigeria's Dangote oil refinery says fuel supply intact amid maintenance

Nigeria's 650 000 bL/D Dangote refinery has dismissed reports of a shutdown, saying production remained stable and uninterrupted despite ongoing maintenance. Africa's largest oil refinery said late... 

Kawasaki signs deal to build world's largest liquefied hydrogen carrier

Japan's Kawasaki Heavy Industries said on Tuesday it has signed a contract with Japan Suiso Energy to build the world's largest liquefied hydrogen carrier with a capacity of 40 000 cubic metres.... 

US awards $2.7bn worth of orders to boost uranium enrichment

The US Energy Department announced on Monday it was awarding orders totaling $2.7-billion to three companies to boost domestic uranium enrichment over the next ten years in a broader effort to... 

Suspected jihadists attack Mali's Morila mine

Suspected jihadists attacked the Morila gold mine in Mali at the weekend, burning equipment and taking seven employees hostage before releasing them, an official from the mining ministry told... 

South African rand gains on softer dollar; traders eye business activity PMI

South Africa's rand strengthened in early trade on Tuesday ahead of the release of a business conditions purchasing managers' index, as the US dollar weakened following dovish comments from Federal... 

Indonesian miners can produce 25% of proposed 2026 output in Q1 while applications are assessed, local media says

Indonesia's mining ministry said miners could produce 25% of their proposed 2026 output in the first quarter while the government processes their annual production quota plans, local media... 

Trump's Venezuela gambit tests investor appetite for geopolitical risk

Markets may have shrugged off the audacious US capture of Venezuelan President Nicolas Maduro, but some investors warn that geopolitical risks are perhaps being underestimated after Donald Trump... 

South African rand steady after Venezuela shock

The South African rand was steady in early trade on Monday, as investors considered the implications of US military action in Venezuela, escalating geopolitical tensions and lifting safe-haven... 

Energy storage boom strengthens demand outlook for beaten-down lithium

A boom in battery storage has bolstered the demand outlook for lithium in 2026, driving hopes for an accelerated turnaround for an industry struggling with oversupply. The lithium market has been... 

Australian shares flat as mining gains counter consumer, tech losses

Australian shares were trading flat in early deals on Monday, as gains in heavyweight miners on the back of strong metal prices countered losses in consumer discretionary and tech stocks. The... 

Iron-ore starts New Year higher on strong demand, tight supplies

Iron-ore futures edged higher on Monday, beginning the New Year on a firm note, supported by strong Chinese demand and ongoing supply constraints. The Dalian Commodity Exchange (DCE) and the... 

OPEC+ keeps oil output steady amid turmoil among members

OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group's members. Sunday's meeting of eight members... 

Petrol, diesel pump prices to fall in January

South Africa's government said on Sunday the petrol pump price would fall by up to 66c a litre and the diesel price would decrease by up to 150c a litre from January 7. South Africa's fuel prices... 

Namib Minerals to restart mothballed Zimbabwe gold mine in February

Namib Minerals will restart operations at its mothballed Redwing gold mine in February as part of the company's broader $300-million investment plan in Zimbabwe, its chief executive said on... 

Chilean regulator to launch 'unprecedented' audit of Codelco-SQM lithium deal

Chilean Comptroller's Office said on Friday that it will launch an "unprecedented" audit of the lithium agreement between state copper giant Codelco and local producer SQM. In a statement, the...