Vietnam arrests rare earth industry officials, casting shadow over plans to rival China Vietnam's government is planning to auction new mining concessions for rare earths later this year. Reuters | October 26, 2023 | 2:21 pm
Vale to pay out $2 billion to shareholders, launch buyback program The company will pay 2.33 reais per common share in dividends and interest on capital on Dec. 1. Reuters | October 26, 2023 | 1:38 pm
Syrah expects more graphite buys ahead of China export ban China will require export permits as of Dec. 1 for some graphite products. Reuters | October 26, 2023 | 7:07 am
Eramet cuts Indonesia nickel ore target on permit delay Eramet expects Weda Bay to produce 30 million wet metric tons in 2023, down 5 million tons from its previous outlook. Reuters | October 26, 2023 | 7:00 am
Indonesia export plan to upset Freeport’s mined copper benchmark To comply with Indonesia's push to process concentrate locally into metal, Freeport is building the Manyar smelter which is due to be completed by May next year. Reuters | October 26, 2023 | 6:55 am
Newmont misses profit estimates, Penasquito return underway Miner is struggling with weak production after a strike at its Peñasquito mine had shuttered operations since June. Reuters | October 26, 2023 | 6:49 am
Azure Minerals agrees to $1bn takeover bid from SQM SQM previously saw its $585 million offer turned down. Reuters | October 25, 2023 | 4:34 pm
Fortescue’s quarterly iron ore shipments fall 3% on maintenance The world's fourth-largest iron ore miner shipped 45.9 million tonnes of iron ore for the quarter ended Sept. 30. Reuters | October 25, 2023 | 3:54 pm
Allkem’s first-quarter revenue jumps on strong output Lithium carbonate production at the company's Olaroz lithium project came in at 4,453 tonnes, 35% higher than the previous year. Reuters | October 25, 2023 | 3:03 pm
G7 announcement on Russian diamond ban expected by end of month The G7 held a technical meeting last week to discuss several proposals put forward by India, industry groups and Belgium. Reuters | October 25, 2023 | 10:11 am
Namibia’s battery metal ambitions rest on infrastructure, miners say The southern African country has significant deposits of lithium as well as rare earth minerals. Reuters | October 25, 2023 | 9:19 am
US will extend EU metals tariff exemption if needed The US suspended import tariffs of 25% on EU steel and 10% on EU aluminum for two years from January 2022. Reuters | October 25, 2023 | 9:06 am
