BHP mega bid and $10,000 copper expose mining’s biggest problem The biggest producers all want to increase copper output to take advantage of rising demand for electric vehicles, grid infrastructure and data centers. Bloomberg News | April 28, 2024 | 11:22 am
BHP’s bid for Anglo casts cloud over $9 billion fertilizer mine BHP is already building its own giant fertilizer project in Canada, called Jansen, to which it’s already committed more than $10 billion. Bloomberg News | April 26, 2024 | 12:39 pm
Brazil iron ore exports seen surging in 2024 if rivers stay high Miners have told Navios South American Logistics they could ship eight million to 10 million tons of iron ore this year. Bloomberg News | April 26, 2024 | 10:17 am
Codelco output keeps falling, underscoring copper struggles The state-owned miner said output totaled 295,000 metric tons, down 10% from the same period last year. Bloomberg News | April 26, 2024 | 8:34 am
China could hinder BHP’s bid to become top copper producer The deal comes just as Chinese copper processors are struggling to turn a profit on supplies from miners like BHP. Bloomberg News | April 26, 2024 | 6:41 am
Gold price heads for weekly loss as US inflation concerns sap demand The precious metal dipped on Friday and is down 2.7% for the week. Bloomberg News | April 26, 2024 | 6:32 am
London’s mining crown under threat from $39 billion Anglo bid BHP's attempt to swallow up Anglo American is the latest threat to one of the London market’s most-prized sectors. Bloomberg News | April 26, 2024 | 6:22 am
Rising copper demand spurs search for alternative climate solutions CRU, a metals consultant, sees demand increasing about 40% by 2050 even if cleaner technologies aren’t rolled out aggressively. Bloomberg News | April 26, 2024 | 5:52 am
Copper price hits $10,000/t as BHP bid shows tight supply pipeline The metal has reclaimed the $10,000 threshold for the first time in two years. Bloomberg News | April 26, 2024 | 5:37 am
Miner owned by South America’s richest family mulls bond sale Antofagasta, which operates copper mines in Chile, last tapped global debt markets in 2022 when it sold $500 million in 10-year bonds. Bloomberg News | April 25, 2024 | 4:14 pm
On lithium’s frontier, miners are betting on a greener second act Despite bullish long term forecasts, the metal has been languishing near two-year lows as demand fails to keep pace. Bloomberg News | April 25, 2024 | 2:43 pm
Anglo’s stumbles have made it prey for mining’s biggest predator The company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP is moving in. Bloomberg News | April 25, 2024 | 12:25 pm