Base metals stage rapid retreat as profit taking accelerates Investors are looking to cash in following a blistering rally in industrial metals markets. Bloomberg News | May 30, 2024 | 7:16 am
Buried fortune of old copper wire is worth billions to telcos In the migration to fiber-optic cable, telecommunications companies could recover as much as 800,000 metric tons of copper over the next decade. Bloomberg News | May 30, 2024 | 7:11 am
How a rattled South Africa became Anglo’s best defence against BHP bid More than 20% of Anglo shares are held by South African investors. Reuters | May 30, 2024 | 7:04 am
British Columbia miners serve strike notice at Gibraltar A union representing 550 workers at Taseko's copper mine said they will strike if a new contract is not reached by Friday. Staff Writer | May 29, 2024 | 10:15 am
Mining M&A slips as firms lawyer-up to fight regulators The value of deals in the industry declined 12.5% to $74.2 billion this year. Colin McClelland | May 29, 2024 | 8:44 am
Copper traders get reprieve as historic New York squeeze eases “With physical markets still tight, further squeezes are possible, so CME may not be out of the woods yet,” said Bank of America. Bloomberg News | May 29, 2024 | 7:11 am
Mongolia defends plan to tap mining riches for new sovereign wealth fund Mining represented 28% of Mongolia’s GDP last year and comprised 92% of all exports. Bloomberg News | May 29, 2024 | 6:58 am
BHP walks away from proposed $49bn takeover of Anglo American Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover. Cecilia Jamasmie | May 29, 2024 | 4:05 am
Copper price: the squeeze has been squoze A deeper copper price correction is likely and a new report makes predictions of $40,000/t seem even sillier than they were a week ago. Frik Els | May 28, 2024 | 11:55 am
