Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A bets Copper M&A more than doubled in 2022 to $14.24 billion from the previous year, according to an S&P Intelligence report. Reuters | July 24, 2023 | 3:19 am
Mexico hit by trade arbitration proceedings from Canadian, US firms Canada's First Majestic Silver and Silver Bull Resources have filed cases against Mexico before the International Centre for Settlement of Investment Disputes. Reuters | July 23, 2023 | 8:32 am
Newcrest drops after potential buyer Newmont’s weak second quarter Shares of Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months. Reuters | July 21, 2023 | 7:47 am
Dead EV batteries turn to gold with US incentives A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America. Reuters | July 21, 2023 | 7:42 am
Glencore expects 2023 trading unit profits of up to $4 billion The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%. Reuters | July 21, 2023 | 7:33 am
Vedanta posts 41% slump in Q1 profit on soft metal prices Shares of the company closed 6.2% higher ahead of the results. Reuters | July 21, 2023 | 7:33 am
Australia blocks acquisition of lithium mine by China-linked firm Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources. Reuters | July 21, 2023 | 7:32 am
Hydro says Russian metal threatens LME benchmark, Rusal hits back While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies. Reuters | July 21, 2023 | 6:26 am
Ecuador, SolGold seal deal to launch nearly $5bn mining project Construction of the Cascabel mine is seen starting in 2025, with operations kicking off in 2030. Reuters | July 20, 2023 | 5:14 pm
LME expects more fast-track listings after approval of new nickel brand The exchange has approved nickel produced by a subsidiary of China's Zhejiang Huayou Cobalt. Reuters | July 20, 2023 | 2:07 pm
US imposes sanctions on Russian copper producer UMMC As of 2020, it was producing around 40% of Russian copper. Reuters | July 20, 2023 | 1:16 pm
Bolivia hikes lithium resources estimate to 23mt The new figure compares with a previous estimate of 21 million metric tons. Reuters | July 20, 2023 | 11:28 am
