Intelligence Top Stories

Portugal’s mining strategy may favour copper over lithium

Portugal already has the largest copper mine in the European Union, operated by Lundin Mining.

Reuters | July 15, 2024 | 8:41 am

Seabed mining regulator meets amid mounting pressure for code

Meeting is considered pivotal for the UN body, expected to…

Cecilia Jamasmie | July 15, 2024 | 4:05 am

Vehicle electrification requires 55% more copper mines by 2050 — study

To reach net zero by 2050 would require at least…

Staff Writer | July 14, 2024 | 9:07 am

Indonesian onslaught wipes out Australia’s nickel industry

BHP’s Nickel West suspension could mark the death knell for…

Kristie Batten | July 14, 2024 | 8:59 am

Column: After another boom and bust, where next for lithium?

There was a similar boom-bust cycle in 2016-2017 but the…

Reuters | July 14, 2024 | 8:35 am

Gold price falls most in two years on jobs data, China buying pause

After surging to a record above $2,450 an ounce, bullion has traded in a fairly narrow range amid the uncertainty over the Fed’s rate trajectory.

Bloomberg News | June 7, 2024 | 10:02 am

Zambia sees KoBold spending $2.3 billion on giant copper mine

The Bill Gates-backed company aims to produce more than 300,000 metric tons per year at Mingomba.

Bloomberg News | June 7, 2024 | 7:50 am

China May rare earth exports jump 36% y/y on restocking

China accounts for 70% of rare earths mining globally and 90% of refined output.

Reuters | June 7, 2024 | 7:28 am

China’s central bank paused gold purchases in May after 18 months of buying

The People's Bank of China was the largest official sector buyer of gold in 2023.

Reuters | June 7, 2024 | 7:24 am

Codelco targets 2030 start at Maricunga lithium project

Construction at the project, dubbed “Paloma”(dove), is expected to start in early 2027, with Codelco's partner to be announced in early 2025.

Cecilia Jamasmie | June 7, 2024 | 3:52 am

Government regulation top threat facing British Columbia mining industry — report

Regulatory factors need to be addressed as province “primes itself to become one of the most reliable and sustainable suppliers of critical metals in Canada and globally,” says PWC.

Staff Writer | June 6, 2024 | 4:57 pm

Opening of new mines boosts Ivory Coast 2023 gold output

Gold output has been climbing steadily for several years and is expected to reach 56 metric tons this year.

Reuters | June 6, 2024 | 9:29 am

Copper’s spike isn’t justified by fundamentals, Trafigura says

Trafigura has long been one of the copper market’s most bullish voices.

Bloomberg News | June 6, 2024 | 9:25 am

Global gold ETFs saw first inflows in a year in May, says WGC

Higher gold prices and inflows drove total assets under management up 2% to $234 billion, the highest since April 2022.

Reuters | June 6, 2024 | 9:06 am

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