Capstone Copper to sell 59.5 million shares to RBC Capital for $280m The offering is expected to close on around Feb. 8. Reuters | February 1, 2024 | 2:20 pm
Endeavour resumes work at Burkina Faso gold mine after strike ended The work stoppage at the Hounde mine in Burkina Faso has had “significant financial impacts” on the company. Bloomberg News | February 1, 2024 | 1:15 pm
China’s Zhaojin extends offer period for Tietto Minerals further The Chinese gold miner last year lodged a bid of A$0.58 a share for Tietto. Staff Writer | February 1, 2024 | 10:40 am
Japan adds uranium to critical minerals list According to official figures, Japan's uranium reserves are estimated at 6,600 tonnes, which could meet internal demand for about six years. Staff Writer | February 1, 2024 | 10:20 am
Gold price up 1% on new US jobs data Investors' focus now shifts to Friday's US nonfarm payrolls for further clarity on the Fed's interest rate path. Staff Writer | February 1, 2024 | 9:11 am
GM, Stellantis-backed lithium startup seeks more than $1 billion for brine project The funds are for a project from Controlled Thermal Resources Holdings Inc., known as CTR, in California. Bloomberg News | February 1, 2024 | 8:35 am
Hedge funds ramp up copper bets as supply shocks reverberate Funds including Tribeca Investment Partners, Terra Capital and Anaconda Invest all say the supply dynamics support price increases in 2024. Bloomberg News | February 1, 2024 | 8:04 am
Glencore reports lower 2023 copper, nickel, cobalt output; flags further falls Other producers including BHP have put nickel projects on ice to counter falling prices for the metal. Reuters | February 1, 2024 | 7:56 am
Vietnam rare earths output drops as China’s grows, US says The USGS revised down its estimates of US rare earths reserves to 1.8 million tons from 2.3 million previously estimated. Reuters | February 1, 2024 | 7:51 am