Markets Top Stories

Gold miners crippled by costs risk losing out on bullion’s boom

Analysts had high hopes for the industry, with gold among the best-performing commodities this year, surging more than 30% on the outlook for lower interest rates and geopolitical turmoil.

Bloomberg News | October 24, 2024 | 3:03 pm

Kinross Gold invests in New Brunswick-focused Puma Exploration

Kinross can earn a 65% interest in Puma's three projects by spending…

Staff Writer | October 24, 2024 | 10:46 am

Column: US copper imports accelerate in wake of CME squeeze

The May squeeze on the CME copper contract has passed…

Reuters | October 24, 2024 | 9:45 am

Can Anglo’s copper pivot help thwart renewed takeover bid?

Any potential new bid should come when some of the…

Reuters | October 24, 2024 | 9:02 am

McEwen Copper receives additional $35m investment from Rio technology venture

Following the latest round of financing, Nuton now owns 17.2%…

Staff Writer | October 24, 2024 | 8:38 am

Rio pays premium multiple for Arcadium in biggest deal since 2007

“We feel quite comfortable that we have not bought a lithium company at the top of the cycle right now. We had to pay a fair price, and that’s what we’re paying.”

Frik Els and Cecilia Jamasmie | October 9, 2024 | 3:51 am

Festive hopes fade for India’s gold industry after price surge

A rebound in gold prices to a record peak has dashed the Indian bullion industry's expectations of a lucrative festival season after their hopes were boosted by a deep cut in import duty two months ago to the lowest in a decade.

Reuters | October 9, 2024 | 3:03 am

Rio Tinto buys Arcadium for $6.7 billion cash

Rio's offer is at the high end of expectations representing a premium of 90% to Arcadium’s closing price on October 4.

Cecilia Jamasmie | October 8, 2024 | 11:21 pm

Zijin Mining buys Newmont’s Ghana gold project for $1 billion

Underground operations are expected to begin from 2028, extending the mine’s life to 2042 and delivering about 186,00 ounces of gold a year.

Reuters | October 8, 2024 | 10:59 pm

Arcadium’s vast lithium portfolio lures Rio at the right time

So far the market is working in Rio's favor, as plunging lithium prices since January have stymied Arcadium's growth plans.

Reuters | October 8, 2024 | 10:22 am

Japan’s JX Advanced Metals files IPO application in Tokyo

The metal company, which retains a 30% stake in Caserones, plans to remain in mining and smelting to secure essential metals.

Reuters | October 8, 2024 | 9:23 am

Cameco eyes expansions of uranium mines on rising nuclear demand

Growing demand for nuclear power poses the “best fundamentals I’ve ever seen for nuclear in my 40-year career,” its CEO said.

Bloomberg News | October 8, 2024 | 9:16 am

China is oversupplying lithium to eliminate rivals, US official says

"That is an intentional response by the People's Republic of China to what we are trying to do" with the Inflation Reduction Act.

Reuters | October 8, 2024 | 4:51 am

Hopes for repeat of May’s copper price blowout fade

Copper prices fell sharply on Tuesday after hopes of further stimulus in China evaporated and conditions for a repeat of May’s record setting squeeze faded.

Frik Els | October 8, 2024 | 4:33 am

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