Gold price back above $2,500 as Fed hints at September rate cut Powell’s speech also confirmed what gold traders had expected: that rates are going to come off. Staff Writer | August 23, 2024 | 9:42 am
Vale estimates cost for carbon-free mining and steelmaking at over $1 trillion Vale's CFO said that the biggest challenge is to reduce the cost of the energy transition. Staff Writer | August 23, 2024 | 9:12 am
Investors rush into uranium miners on Kazakh production outlook Investors are plowing into miners of the nuclear reactor fuel after Kazatomprom released guidance that fell short of expectations. Bloomberg News | August 23, 2024 | 8:30 am
Rare earth developer Tactical Resources set for US listing with SPAC deal The combined company would have a pro forma enterprise value of $589 million. Staff Writer | August 23, 2024 | 8:26 am
World’s top cobalt producer expects supply pressures to ease Growth in global supply should gradually moderate, according to CMOC. Bloomberg News | August 23, 2024 | 7:55 am
BHP’s return to Argentina marks new hope for untapped copper mines A new incentive regime for mining in Argentina is attracting major players. Reuters | August 23, 2024 | 7:50 am
Gold Fields slumps after cutting output target for second time Gold Fields' profit slumped to $320.7 million in the first half of this year, compared with about $458 million last year. Bloomberg News | August 23, 2024 | 7:40 am
Societe Generale leaves London Metal Exchange’s open-outcry trading floor The SocGen move leaves seven members operating in the LME ring, down from about 30 at its peak in the late 1980s. Reuters | August 23, 2024 | 7:36 am
Nornickel’s first-half profit slumps 22% on weak prices The Russian miner also grappled with logistical and international payment difficulties. Reuters | August 23, 2024 | 7:32 am