Philippines eyes boost to nickel processing capacity The Southeast Asian nation is looking to follow neighbouring Indonesia, which lured major investment in processing plants for its huge deposits. Reuters | May 10, 2024 | 8:16 am
Copper price above $10,000 as supply worries counter faltering demand Prices of copper have risen 17% this year on fears of shortages. Bloomberg News | May 10, 2024 | 7:58 am
Miners seek exemption from Canadian tax hike to save equity deals Finance Minister Chrystia Freeland’s new budget includes a measure to raise the capital gains tax inclusion rate to two-thirds from one-half. Bloomberg News | May 10, 2024 | 7:51 am
Iron ore price hits more than 2-week low on rising inventory, demand caution Prices were pressured by an inventory accumulation at Chinese ports and caution about demand outlook. Reuters | May 10, 2024 | 7:36 am
Chile copper output edges down in March, dragged by Codelco Output at Codelco slid 10.1% to total 107,300 metric tons in March. Reuters | May 10, 2024 | 7:32 am
Trafigura delivers large amounts of aluminum to LME for lucrative rent deals Total aluminum stocks in LME warehouses climbed 88% this week, to the highest level since January 2022. Reuters | May 10, 2024 | 7:29 am
Rio Tinto has not ruled out bid for Anglo American — report While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American. Cecilia Jamasmie | May 10, 2024 | 6:45 am
Mining People: Avanti Gold, Homerun Resources, Omai Gold, Star Diamond, Pacific Empire, Sorrento Key moves in the mining sector. Staff Writer | May 10, 2024 | 6:42 am
UK students to use AI, robotics to develop nuclear decommissioning solutions UK students are being challenged with developing a small robot capable of transporting nuclear waste. Staff Writer | May 10, 2024 | 6:32 am