US Senate overwhelmingly backs tax treaty with Chile

The US Senate voted overwhelmingly on Thursday in favor of a tax treaty with Chile seen as crucial for ensuring access for US companies to lithium, a mineral essential for electric vehicle... 

Mexican president pushes new Labor Minister to resolve Grupo Mexico conflict

Mexican President Andres Manuel Lopez Obrador on Thursday said he will ask incoming Labor Minister Marath Bolanos to meet with mining company Grupo Mexico and a top union leader to attempt to... 

Lithium producers warn global supplies may not meet electric vehicle demand

Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world's aggressive... 

Copper hits seven-week peak as LME stocks plunge

Copper prices in London hit a seven-week high on Thursday after a sharp drop in available stocks in warehouses registered with the London Metal Exchange (LME) to their lowest since 2021. Benchmark... 

Polyus board decides against keeping London GDR, ADR listings

Russian gold producer Polyus on Thursday said its board had decided against maintaining its depositary receipt listings on the London Stock Exchange, in part due to US and UK blocking sanctions... 

Grupo Mexico defends legality of San Martin mine operations after US labour complaint

Grupo Mexico said Wednesday it legally resumed operations at its San Martin mine in 2018 after a decade-long strike, countering a Mexican union that recently submitted a petition to US labor... 

Global nickel market in 20 500 t surplus in April - INSG

The global nickel market had a surplus of 20 500 metric tons in April, compared with a deficit of 2 600 tons in the same month last year, data from the International Nickel Study Group (INSG)... 

China lithium price rebound to be capped by growing supply - analysts

Rising sales of electric vehicles (EV) as well as batteries for energy storage are driving a recovery in China's lithium market, but growing supply of the metal will still outpace improving demand,... 

Auto firms race to secure non-Chinese graphite for EVs as shortages loom

Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV) batteries outpaces other uses for the... 

Antofagasta seeks copper mine extension with $1.2bn investment

Chilean miner Antofagasta applied for an environmental permit to extend operations at its Zaldivar copper mine through 2051, the company announced on Tuesday. Antofagasta said its extension plan... 

Morocco's OCP plans $7-billion green ammonia plant to avert supply problems

Morocco's OCP plans to invest $7-billion in an ammonia plant using green hydrogen, produced from renewable fuel, it told Reuters, as one of the world's biggest phosphates and fertiliser companies... 

Norway moves to open its waters to deep-sea mining

 The Norwegian government on Tuesday proposed opening its waters to deep-sea mining despite opposition from green campaigners and some countries, as it seeks to shift from a reliance on... 

LME had options to avoid quashing nickel trades, hedge fund tells High Court

 The London Metal Exchange hurriedly decided to cancel billions of dollars in trades in March last year when nickel prices went haywire but had better options, lawyers for two financial firms suing... 

Chinese battery giant CATL seals $1.4bn deal to develop Bolivia lithium

Chinese battery giant CATL confirmed a $1.4-billion investment to help develop Bolivia's huge but largely untapped reserves of lithium, cementing on Sunday a partnership with the government made in... 

Four firms shortlisted in race to buy Zambia's Mopani Copper Mines – sources

China's Zijin Mining and Norinco Group, South Africa's Sibanye-Stillwater and an investment vehicle owned by former Glencore officials have been shortlisted in the race to buy Zambia's Mopani... 

Copper miner Amman raised $715m in Indonesia's biggest IPO this year

 Indonesian copper miner Amman Mineral Internasional raised 10.73-trillion rupiah ($715.81-million) in the country's biggest initial public offering (IPO) this year, according to a source with... 

Costs at American Lithium's Peru project up to $700m, CEO says

Costs of the first phase of construction at American Lithium's Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700-million, the CEO of the firm said in an... 

Codelco must kick-start lithium industry while reviving copper output

Chilean President Gabriel Boric, seeking to expand the country's long-stalled lithium industry, has tasked state-owned Codelco, the world's largest copper producer, to lead the charge of developing... 

US requests probe of alleged labour abuses at Grupo Mexico mine

US labor officials on Friday asked Mexico to investigate alleged worker rights abuses at a Grupo Mexico mine in the central state of Zacatecas, the 11th US labor complaint in Mexico under a 2020... 

Codelco top brass seek to reassure market after CEO quits

hilean state miner Codelco, the world's largest copper producer, said Friday it would stick to its strategy and operations in a bid to reassure markets following the surprise resignation of its... 

South Africa seeks a way to allow Eskom to take on green debt

South Africa's finance ministry has appointed a consultant to come up with a plan by August to allow utility Eskom to accept-billions in loans designed to help it cut its carbon emissions when the... 

In China's lithium hub, mining boom comes at a cost

 Down a steep dirt road from the Baishi Huashan lithium mine in southern China, trucks laden with silvery grey ore rumble towards a cluster of smelters in the valley below that have sprung up to... 

Hecla fined for hazardous waste management at silver mine in Alaska

Hecla Mining was fined $143 124 for violating hazardous waste management and disposal requirements under the Resource Conservation and Recovery Act, the Us Environmental Protection Agency (EPA)... 

Fura Gems to invest more than $200m in Colombia mine over five years

Dubai-based miner Fura Gems will invest $200-million in its Colombia emerald mine over the next five years, an executive said on Wednesday. The company is holding its fourth auction of uncut... 

Codelco CEO's exit puts copper giant in a bind as output stalls

SANTIAGO - The surprise exit of Chilean mining firm Codelco's CEO will put the state copper giant in a bind, analysts and insider sources said, even as it tries to revive flagging production of the... 

EU and Chile to develop lithium and green hydrogen projects

Chile and the European Union will sign a memorandum of understanding (MOU) soon to develop value-added lithium projects in Chile, Ursula von der Leyen, president of the European Commission, said on... 

Trudeau govt seeks collaboration at first meeting with new Alberta Premier

The government of Canadian Liberal Prime Minister Justin Trudeau wants to work with the newly elected conservative premier of the country's main oil-producing province, Alberta, to fight climate... 

Zinc prices jump 3% after Boliden to suspend operations at Irish mine

Zinc prices climbed to a three-week high on Wednesday after Swedish miner Boliden said it will suspend production at Europe's largest zinc mine in Ireland within the next month because of... 

India considers lithium mining royalty at 3% of LME price- govt sources

India's federal government plans to fix the rate of royalty that mining companies must pay for extracting lithium at 3% of the prices prevailing at the London Metal Exchange (LME), two government... 

EU, Argentina sign raw materials MoU with lithium in focus

Argentina's president and the chief of the European Union signed a memorandum of understanding (MoU) on Tuesday to boost cooperation on sustainable raw materials during an event in Buenos Aires, in... 

Vietnam State coal miner to boost output to battle power shortage

Vietnam's state coal miner Vinacomin will boost production by 15% this year to supply the power sector, state media reported on Wednesday, as the country battles electricity shortages amid high... 

Codelco CEO steps down as Chile copper giant faces 'complexities'

The CEO of Chile's state-owned mining giant Codelco is stepping down after only a year in the role, citing person reasons and "complexities" in running the world's largest copper producer. Andre... 

Boliden halts production at Ronnskar copper smelter due to fire

A fire broke out overnight at Sweden's Ronnskar smelter, a major producer of copper, zinc, lead and other metals, and output from the site has been halted until further notice, plant owner Boliden... 

Nippon Steel still interested in investing in Teck's steelmaking coal arm

Nippon Steel remains interested in Teck Resources' steelmaking coal assets, a spokesperson said on Tuesday, adding that talks continue despite Glencore's latest offer for the Canadian miner's coal... 

Thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera

Thyssenkrupp launched on Monday the long-awaited listing of its hydrogen division Nucera, suggesting its new chief executive intends to waste no time in reviving the fortunes of the embattled... 

Namibia bans export of unprocessed critical minerals

Namibia has banned the export of unprocessed lithium and other critical minerals, the government announced on Thursday, as it seeks to profit from growing global demand for metals used in clean... 

Copper set for second weekly gain as China measures lift appetite

Prices of copper held steady on Friday, although the contract was on track for a second consecutive weekly gain as top metal consumer China rolled out measures to support its economy, while a... 

Big investor group urges action, not words, to meet climate goals

The world's biggest investor coalition trying to curb corporate emissions said on Thursday that its members must get companies to cut their emissions rather than just talk about it, as it outlined... 

China May coal imports fall on tepid demand, high inventories

China's coal imports dipped 2.7% in May from the previous month, customs data showed on Wednesday, as weak demand from the power and steel sectors and high inventory led buyers to scale back... 

Escondida copper mine conveyer belt faces pause after fire

 A conveyer belt at Chile's Escondida copper mine, the largest copper deposit in the world, will face a partial 100-hour pause due to a fire, an Escondida union source told Reuters on Thursday....