Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer. Reuters | March 5, 2024 | 7:21 am
Frontier Lithium, Mitsubishi form JV for Canadian lithium operations The partnership will help finance Frontier's PAK Lithium Project mine in Ontario and a planned lithium chemicals conversion facility. Reuters | March 4, 2024 | 10:32 am
Eramet reaches deal to convert debt of New Caledonia nickel unit Several hundred million euros of debt will be removed from its loss-making nickel subsidiary SLN. Reuters | March 4, 2024 | 10:07 am
Canada and Australia boost collaboration on critical minerals The countries have agreed to promote shared priorities related to the extraction, processing and refining of critical minerals. Reuters | March 4, 2024 | 9:28 am
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