London gold price benchmark hits all-time high, LBMA says London's gold price benchmark hit an all-time high of $2,098.05/oz on Monday, surpassing the previous record set on Dec. 28. Reuters | March 4, 2024 | 9:13 am
Rio Tinto CEO bullish on lithium but not eyeing big acquisitions Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina. Reuters | March 4, 2024 | 6:55 am
Huayou Cobalt chief proposes battery material policy to tackle overcapacity China's LFP capacity will reach 5.75 million metric tons in 2025, while global demand is estimated to be about 2.67 million tons that year. Reuters | March 4, 2024 | 6:46 am
Panama GDP growth expected to slow in 2024 on First Quantum mine closure, IMF says The closure of the Cobre Panama mine entails the permanent loss of approximately 0.6% of GDP in fiscal revenues and 7.5% of exports of goods and services. Reuters | March 4, 2024 | 6:40 am
Lake Resources announces job cuts to further reduce costs This comes at a time when signs have shown that the lithium market has been stabilizing after falling around 70% over the past year. Reuters | March 3, 2024 | 2:12 pm
Chile wants 3 or 4 new lithium projects running in 2026, finance minister says Chile initiated a policy last year to increase state control of the strategic metal needed in batteries for electric vehicles. Reuters | March 3, 2024 | 1:30 am
US court approves land swap for Rio’s Arizona copper mine Court upheld a previous ruling and rejecting a request from Native Americans who said the land has religious and cultural import. Reuters | March 1, 2024 | 12:55 pm
Insight: Inside a copper output plunge at No. 1 global producer Codelco Codelco "has had some significant strategic errors," especially attempting simultaneous projects, according to one consultant. Reuters | March 1, 2024 | 9:51 am
Adani’s $1.2bn copper smelter to import concentrates from Peru, Chile, Australia Kutch Copper, the world's biggest single-location plant of its type, expects to start operations in the next few weeks. Reuters | March 1, 2024 | 9:15 am
Debswana diamond sales down 25.1% in 2023 on weak demand Debswana sold diamonds worth $3.44 billion in 2023 from $4.59 billion registered in 2022. Reuters | March 1, 2024 | 7:55 am
New US sanctions more likely to curb Indian imports of Russian coal, traders say The sanctions could benefit other coal suppliers such as Indonesia, Australia and South Africa. Reuters | March 1, 2024 | 7:53 am
Northam CEO says South African platinum miners facing worst crisis in decades Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion. Reuters | March 1, 2024 | 7:48 am
