Intelligence Top Stories

Mongolia defends plan to tap mining riches for new sovereign wealth fund

Mining represented 28% of Mongolia’s GDP last year and comprised 92% of all exports.

Bloomberg News | May 29, 2024 | 6:58 am

Indonesia buying record amounts of Philippine nickel ore due to quota delays

Delays by Jakarta in issuing mining quotas and heavy rains…

Reuters | May 29, 2024 | 6:51 am

China 2024 rare earths quota growth set to slow amid supply glut

The quota is likely to reach 270,000 metric tons for…

Reuters | May 29, 2024 | 6:46 am

India imports more silver in 4 months than in all of 2023

India imported a record 4,172 metric tons of silver during…

Reuters | May 29, 2024 | 6:39 am

BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut…

Cecilia Jamasmie | May 29, 2024 | 4:05 am

Gold price rises above $2,300, shattering all-time high

US gold futures, meanwhile, crossed the $2,300 mark, up 1.4% at $2,313.60 per ounce.

Staff Writer | April 3, 2024 | 3:36 am

Australia regulator extends approval deadline for SQM-Hancock’s $1.1bn bid for Azure

SQM and Australia's richest person Gina Rinehart's Hancock Prospecting, already Azure's two largest shareholders, teamed up in December to buy the lithium developer.

Reuters | April 2, 2024 | 5:11 pm

Korea Zinc agrees 40% fee cut to turn Teck’s mined zinc into metal

Teck has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal.

Reuters | April 2, 2024 | 9:43 am

Iron ore’s reset to $100 heralds China’s new economy shift

Iron ore’s weakness comes amid tentative signs that the wider economy is beginning to heal.

Bloomberg News | April 2, 2024 | 7:41 am

Underperforming precious metals and copper stocks poised to correct

Demand is being driven by strong central bank buying, with developing nations in particular stocking up on bullion as insurance.

Rick Mills - Ahead of the Herd | April 1, 2024 | 2:19 pm

Gold price hits another all-time high as Fed-fuelled rally continues

A host of positive drivers have pushed up bullion by around 14% since the middle of February.

Staff Writer | April 1, 2024 | 5:51 am

First Quantum execs discuss investment, disputed copper with Chinese officials

The talks included topics such as the potential for state-run Jiangxi Copper to gain influence on First Quantum's board decisions.

Reuters | March 29, 2024 | 6:39 am

Column: US looks to reboot aluminum sector with a new smelter

Century Aluminum's proposed low-carbon facility represents the first primary aluminum smelter in the US in 45 years.

Reuters | March 29, 2024 | 6:21 am

US talks often with Congo’s Gecamines on cobalt and copper, official says

The United States continues to work with Zambia and Congo on mining and regulatory structures.

Bloomberg News | March 29, 2024 | 3:08 am

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