Lithium buyers eye cheaper early-stage deals in Australia

De Beers has told customers in a memo that it would be doubling the size of its so-called buyback process.

Rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business.

Rio Tinto is the only one of the world’s biggest diversified miners looking to start mining lithium.

ISS recommended Turquoise Hill shareholders vote against Rio’s cash offer to acquire 49% of the stock it doesn’t own for C$43 a share, the firm said.

BHP CEO Mike Henry said the market will be in “a little bit oversupply” in the next few years, before tightening up toward the end of the decade.

The International Monetary Fund forecasts China's GDP will expand by just 3.2% this year, down from 8.1% growth in 2021.

The seven independent directors on the board of the mining giant have mostly experience in finance, capital markets, law, and oil and gas.

Brazil is nearing the end of campaigning ahead of a second-round runoff election between leftist former President Luiz Inacio Lula da Silva.

Macroeconomic headwinds have pushed copper futures down almost 30% from a peak in March.