Fortescue excluded from world’s biggest hydropower plant development The Grand Inga has long faced headwinds because of Congo’s history of corruption and the expected cost of the multiphase project. Bloomberg News | May 22, 2024 | 9:38 am
Zimbabwe’s central bank gold reserves to back ZiG currency rise The ZiG, short for Zimbabwe Gold, launched April 5 is backed by 2.5 tons of gold and $100 million in foreign currency reserves. Bloomberg News | May 22, 2024 | 9:06 am
Copper frenzy draws mining giants to Argentina after Milei’s reforms Argentina could be a major supplier by 2035. Bloomberg News | May 22, 2024 | 7:55 am
Elliott notches win with Suncor as shares rise to 16-year high Canada’s second-largest oil producer by market value said it boosted spending on share repurchases to 75% of its free funds flow this quarter. Bloomberg News | May 21, 2024 | 1:46 pm
Copper’s record rise steadies as demand signals challenge bulls Many participants in the physical trade have been warning that prices were running ahead of signals of underlying market conditions. Bloomberg News | May 21, 2024 | 9:50 am
China’s gold imports slow as record prices temper demand The precious metal’s allure has been further dimmed by warnings from China’s authorities over excessive speculation. Bloomberg News | May 21, 2024 | 9:28 am
Zimbabwe to start gold-tracing system in bid to curb smuggling Zimbabwe loses about $1.5 billion annually to smuggling of the precious metal. Bloomberg News | May 21, 2024 | 7:18 am
Southern Copper eyes start of stalled Peru mine project as soon as this year The company has had permits to build its Tia Maria project for years yet held back because of environmental opposition. Bloomberg News | May 21, 2024 | 7:05 am
Lithium miners shake up trading to tackle wild price swings Lithium prices are coming out of a boom-to-bust period that left in its wake an array of stalled projects, scrapped deals and production cuts. Bloomberg News | May 20, 2024 | 11:05 am
Energy mogul makes 100-year bet on Argentina’s mineral wealth Jose Luis Manzano has been snapping up mines and lithium-rich acreage in northern Argentina as well as tapping neighboring Brazil’s lithium valley. Bloomberg News | May 20, 2024 | 10:11 am
China’s SDIC in advanced talks for significant stake in Thai potash mine A deal for Asia Pacific Potash could be worth at least $400 million. Bloomberg News | May 20, 2024 | 9:47 am
South Korea said to build lithium reserves to aid battery sector Its trade ministry unveiled a plan in March to invest 241.7 billion won over the next three years to build warehouses for storage of critical minerals. Bloomberg News | May 20, 2024 | 9:32 am