Markets Top Stories

Gold Fields may sell smaller mines after Osisko acquisition

The Johannesburg-based gold miner is shifting focus to advancing its new Salares Norte mine in Chile.

Reuters | November 14, 2024 | 7:28 am

Iron ore price hits 3-week low on firmer supply, softer steel outlook

China unveiled tax incentives on home and land transactions on…

Reuters | November 14, 2024 | 7:25 am

Resolute CEO still held in Mali, diplomatic sources say, as shares suspended

The Malian military junta is seeking at least $161 million…

Reuters | November 14, 2024 | 7:01 am

Citigroup cuts copper forecast on tariffs risk, China outlook

The bank has cut its short-term outlook for copper prices…

Bloomberg News | November 13, 2024 | 2:52 pm

Exploration spending to stay flat despite Trump pledges, strong gold prices, S&P says

The cautious outlook comes as global exploration budgets for nonferrous…

Henry Lazenby - The Northern Miner | November 13, 2024 | 12:38 pm

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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