Top iron ore producer forecasts 50% fall in price; Vital Metals to become Canada’s first rare earths miner; Vale sells New Caledonia nickel assets to Trafigura
Class action against Rio Tinto over Oyu Tolgoi escalates; Taseko wins court battle over Florence copper project; Resolute Mining shares drop 25% on Ghana lease termination
Mining profits reach $230 billion a year, topped only by oil & gas, pharma; Lithium prices continue to soar – up 88% in 2021; Massive new port could give Vale back iron ore crown.
BHP moves exploration team to Toronto to grow copper, nickel pipeline; Tesla gets involved in New Caledonia mine to secure nickel supply; Newmont to buy GT Gold for $311 million; Sibanye calls for mega-merger with AngloGold, Gold Fields
Resource nationalism surge spells rough times for miners; Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal; Copper price crashes through $4.00, down 7%.
Copper price keeps soaring as bullish sentiment prevails; Iron ore price retreats on higher steel inventories in China; Gold price dealt ‘fatal blow’ by bond yield rally
Even when assigning zero value to automakers’ non-EV business, Tesla’s valuation based solely on battery capacity deployed are multiples of Volkswagen, GM, BYD, Hyundai, Nissan and others.
Vale and Brazil state sign $7bn deal over Brumadinho; Gina Rinehart targets EV boom with ‘green’ lithium play; Silver price regains ground after two-day wild swing