Global copper and aluminum supply deficits may cause prices to soar within a few years while steel may drop, according to a new report on metals.

Last year, the Cusi mine produced roughly 1.5 million silver-equivalent ounces.

The plans signal an openness to new investors beyond the Chinese and European companies.

Norway could become the first country to start commercial deep sea mining if parliament gives the go-ahead to explore the remote Mid-Atlantic ridge.

As opposed to the oil and gas industry, which has made considerable advancements in exploration technology over the past 70 years, the mining industry largely relies on technologies used for hundreds of years.

Once fully ramped up, Reko Diq and Lumwana are expected to become two of the world’s top 20 copper mines by annual production.

Gerald was hit by a loss in its tin book earlier this year.

The biggest value drivers of the transaction will come from Newcrest’s two Tier 1 operations, Cadia and Lihir.