South African platinum industry could shed up to 7,000 jobs to cut costs South African PGM miners, home to around 70% of global mined platinum output, are discussing the need to restructure unprofitable production. Reuters | February 5, 2024 | 7:04 am
Zambia to start trading its own copper, competing with Glencore The government will directly buy and sell a portion of the copper produced in the nation, competing with trading giants including Mercuria Energy Group and Glencore. Bloomberg News | February 5, 2024 | 7:01 am
Rare earths prices seen rebounding in second half of 2024 – analysts Prices surged to their highest in a decade in 2022 only to plunge last year on increased production in China. Reuters | February 5, 2024 | 6:57 am
Lynas Rare Earths quits tie-up talks with MP Materials Lynas Rare Earths said confidential talks have ended with MP Materials for a possible merger. Reuters | February 5, 2024 | 6:49 am
Anglo American explores for copper, cobalt in Zambia The miner is in the early stages of exploring for copper and cobalt in Zambia's North-Western province, according to CEO Duncan Wanblad. Reuters | February 5, 2024 | 6:42 am
New process turns scrap aluminum into usable construction materials Twisted aluminum mesh, banged-up bicycle frames and used car parts languishing in junk yards could gain new life as building structures. Staff Writer | February 5, 2024 | 6:06 am
Gates, Bezos-backed KoBold Metals says Zambia copper find largest in a century It estimates the Mingomba project, in the northern Copperbelt province, will become one of the world’s highest-grade copper mines. Cecilia Jamasmie | February 5, 2024 | 4:03 am
Australian gold miner Red 5 to acquire Silver Lake Resources The merged entity will have a combined gold production profile of about 445,000 ounces per annum for fiscal 2024. Reuters | February 4, 2024 | 2:37 pm
Chile battles forest fires in deadliest disaster in 14 years Anglo American said copper transport from Los Bronces mines has been unaffected. Bloomberg News | February 4, 2024 | 11:19 am