MINING.COM

Exploration spending to stay flat despite Trump pledges, strong gold prices, S&P says

The cautious outlook comes as global exploration budgets for nonferrous metals declined by 3% in 2024.

Henry Lazenby - The Northern Miner | November 13, 2024 | 12:38 pm

China’s copper market needs more stimulus, says top importer

The copper market in China is at a critical juncture.

Bloomberg News | November 13, 2024 | 10:05 am

Uranium price to recover next year on shortage, Trump policy, Sprott CEO says

The heavy metal’s spot price fell to $76.56 per lb. this week, down from a 17-year high of $106 per lb. in February.

Colin McClelland - The Northern Miner | November 13, 2024 | 5:00 am

China should use more aluminum and recycled copper, industry says

China depends on overseas imports for 60% of its aluminum resources as opposed to 70% of its copper resources.

Reuters | November 12, 2024 | 5:10 pm

China’s copper production boom threatens to crowd out the rest of the world

The top consumer of copper globally is on track to produce about half the world’s refined metal this year after a frenzy of smelter construction to secure supplies crucial to the energy transition.

Bloomberg News | November 12, 2024 | 8:22 am

PT Vale and China’s GEM partner for $1.4 billion Indonesian nickel plant

The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.

Staff Writer | November 12, 2024 | 8:19 am

Nornickel moves closer to deal for new copper plant in China

The plant would produce 500,000 tons of refined copper a year using concentrate shipped from Russia.

Bloomberg News | November 12, 2024 | 6:45 am

Ivanhoe’s Friedland says fears for China on US tariffs overblown

Trump has said he would impose duties of 60% on goods from China as part of his plan to build-up the manufacturing industry in the US.

Bloomberg News | November 12, 2024 | 5:29 am

Copper price, stocks are being hammered as Trump tariff, China worries mount

“Though commodities are often seen as an inflation hedge, in this instance – where inflation is neither driven by strong demand growth nor a negative commodity supply shock – they would struggle to live up to that reputation.”

Frik Els | November 11, 2024 | 10:22 am

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Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes

BHP warns Australian mining not ready for low-cost competitors

Aluminum price to average 6% higher in 2024 on strong demand: Fitch

Aluminum price soars as China cancels tax incentive on exports

China’s copper buyers slash annual contracts with market in flux

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