Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut The bank cited market oversupply even though demand from top consumers in China is stabilizing. Reuters | September 16, 2024 | 7:25 am
Zimbabwe to tackle gold smuggling by boosting mine surveillance The country loses $1.5 billion of gold a year to smugglers. Bloomberg News | September 16, 2024 | 7:07 am
China’s grip on rare earths undercuts projects from US to Japan A slump in prices since 2022 is undermining the business case for rare earth projects. Bloomberg News | September 16, 2024 | 7:05 am
LME appoints former banker as chief financial and administrative officer Robert Arbuthnott served as head of group finance and chief accountant for the Credit Suisse Group for seven years. Reuters | September 16, 2024 | 6:39 am
Chinese investor steps in to block Paladin’s Fission Uranium buy CGN Mining Company, a subsidiary of China General Nuclear Power with a 11.26% stake in Fission Uranium, is obstructing the tie-up. Cecilia Jamasmie | September 16, 2024 | 3:49 am
Dearth of quality new gold discoveries to stifle supply — report S&P also says it expects gold supply to peak in 2026 at 110 million ounces. Staff Writer | September 15, 2024 | 8:30 am
Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion After completing the transaction, Alcoa would own approximately 2% of Ma’aden’s current shares outstanding. Reuters | September 15, 2024 | 8:17 am
China’s August coal output up on more power, chemical demand July was the hottest month on record for China, and the heat waves continued into August. Reuters | September 14, 2024 | 4:10 pm
Brazil says it has nearly cleared gold miners from Amazon Yanomami reservation The Yanomami is South America's largest Indigenous group living in isolation. Reuters | September 14, 2024 | 4:07 pm
