Gold price hits 2-week high on renewed China purchases, Syria regime collapse The People’s Bank of China – a major buyer of the metal – announced that it has resumed purchases after a six-month hiatus. Staff Writer | December 9, 2024 | 9:18 am
Brazilian Nickel advances project financing with LOI for $550m The funding represents 40% of the Piauí nickel project’s overall financing package. Staff Writer | December 9, 2024 | 8:53 am
GoviEx initiates arbitration against Niger in uranium permit dispute With the recent recovery in uranium prices, the Madaouéla project was poised for development, with first production targeted for 2025. Staff Writer | December 9, 2024 | 8:40 am
Germany to backstop Savannah’s spodumene lithium project in Portugal The loan guarantee underscores the sense of urgency in Germany and other members of the EU to develop a domestic lithium supply chain. Trish Saywell | December 9, 2024 | 8:27 am
Citi chops back copper forecasts as Trump’s trade tariffs loom The metal is expected to average $8,750 a ton in 2025, down from a prior forecast of $10,250. Bloomberg News | December 9, 2024 | 6:54 am
Freeport’s copper concentrate exports will only temporarily ease global shortages A fire at PT Freeport Indonesia's Manyar smelter halted operations in October. Reuters | December 9, 2024 | 6:49 am
Perpetua Resources, Sunshine Silver to explore antimony processing in Idaho Last week, China banned the export of antimony and other minerals such as germanium and gallium to the US. Reuters | December 9, 2024 | 6:45 am
Sibanye-Stillwater sells Beisa uranium project to Neo Energy The deal gives Sibanye-Stillwater a 40% stake in Neo Energy, making it the largest shareholder and maintaining its uranium market exposure. Cecilia Jamasmie | December 9, 2024 | 5:56 am
Lundin sells European mines to Boliden for up to $1.45 billion Neves-Corvo in Portugal and Zinkgruvan in Sweden will nearly double Boliden’s zinc output and boost copper production by 43%. Cecilia Jamasmie | December 9, 2024 | 3:43 am
