The world’s biggest miners are now worth $1.35 trillion after losing a combined $126 billion over the course of 2024 as the copper rally faded and gold stocks once again underperformed bullion.
Weak PGMs prices forced Gemfields to cut the value of its Sedibelo investment, which will result in a write-down ranging between $4 million and $28 million.
Norway is one of the first countries to formally authorize seabed mining activities in its waters after its parliament backed plans in January to prospect for minerals.