Gold price recovers as European Central Bank raises rates higher than expected The rate hike was the first by the ECB in over a decade, and its largest since 2000. Staff Writer | July 21, 2022 | 10:34 am
Iron ore price back below $100 on clouded China demand outlook Risks from lockdowns have prompted the Asian Development Bank to lower its economic growth forecast for China this year to 4.0%. MINING.COM Staff Writer | July 21, 2022 | 10:34 am
De Beers boosts 2022 guidance despite drop in output The miner expects to produce 32m-34m carats, up from 30m-33m carats thanks to what it calls “robust demand” from US customers. Cecilia Jamasmie | July 21, 2022 | 7:54 am
Australian iron ore miners cautious on China’s plan to centralize buying The new company is expected to coordinate procurement of imported iron ore, develop domestic iron ore resources, and oversee development of mines overseas. Reuters | July 21, 2022 | 7:43 am
Sundance Resources submits claim in iron ore dispute with Congo Republic Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba project. Reuters | July 21, 2022 | 7:38 am
New Indonesian nickel supply douses expectations for fresh price rally Nickel prices on the LME started their ascent in January as stocks in LME-approved warehouses started to slide due to soaring demand. Reuters | July 21, 2022 | 7:34 am
Freeport-McMoRan misses profit estimates on lower copper prices The world's largest publicly traded copper miner reported average realized copper prices of $4.03 per pound, from last year's $4.34 per pound. Reuters | July 21, 2022 | 7:22 am
Ford to buy cheaper CATL EV batteries to catch Tesla Ford said it also has agreed with CATL to explore using the Chinese company's batteries in Ford vehicles sold in the United States, Europe and China. Reuters | July 21, 2022 | 7:17 am
Illegal mercury trade for gold mining uncovered Researchers have figured out how to accurately identify global mercury trade data inconsistencies. Staff Writer | July 21, 2022 | 6:06 am
