https://www.miningweekly.com

Receive our free daily newsletter:

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

By Bloomberg

Global commodity trading profits topped $100bn for second-best year ever

18th March 2024

The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100-billion and building up a mountain of cash to spend on assets and breaking into new markets.... 


Economy chief says Chile’s lithium products likely to get US subsidies

18th March 2024

Chile is betting that components made with its lithium will qualify for subsidies under the US Inflation Reduction Act, potentially attracting a wave of fresh investment from companies seeking to... 


Iron-ore drops below $100 on China’s persistent property crisis

Iron-ore drops below $100 on China’s persistent property crisis

15th March 2024

Iron-ore futures fell below $100/t for the first time in seven months as investors bet that China’s years-long property crisis will run through 2024, keeping a lid on steel demand. The steelmaking... 


Biden says US steel should remain domestically owned, operated

15th March 2024

President Joe Biden called for United States Steel to retain American ownership amid moves by Nippon Steel to purchase the Pittsburgh-based company. “US Steel has been an iconic American steel... 


Copper surges past $9 000 with supply threats stacking up

Copper surges past $9 000 with supply threats stacking up

15th March 2024

Copper rallied above $9 000 a ton — its highest level in 11 months — as investors react to the risk that global supply challenges will tilt the market back into deficit. The metal, seen as a... 


Ambassador Cong Peiwu

China to invest in Canada mining despite crackdown, envoy says

15th March 2024

China’s ambassador says the country will continue to do business in Canada’s domestic critical minerals sector despite Prime Minister Justin Trudeau’s “unfortunate” crackdown on foreign... 


Albemarle plans to auction lithium with aim of ‘fair’ valuation

Albemarle plans to auction lithium with aim of ‘fair’ valuation

15th March 2024

The world’s biggest lithium producer, Albemarle, plans to sell some of its metal in auctions, which it says will help make an opaque market more transparent. Albemarle has outlined a bidding model... 


Australian miner sells lithium before auction as prices rise

15th March 2024

An Australian lithium miner has sold a cargo of the battery metal before a scheduled auction next week, just as market prices show signs of a rebound following a year-long rout. Pilbara Minerals... 


Prime Minister Anthony Albanese

Rare earths miner wins A$840m in funding from Australia

14th March 2024

Arafura Rare Earths will receive A$840-million in funding from the Australian government to create the nation’s first combined mine and refinery for minerals that are crucial to the clean-energy... 


Glencore should keep its coal mines, investor says

Glencore should keep its coal mines, investor says

14th March 2024

Glencore should keep its coal business even after it completes a deal to buy Teck Resources Ltd.’s coal-mining unit, according to shareholder Tribeca Investment Partners. Coal mine ownership has... 


A locomotive and wagons owned by Transnet Freight Rail

Africa’s biggest freight rail market set for private operators

13th March 2024

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African... 


Methane emissions in the oil and gas industry

Energy industry’s methane emissions near record despite pledges

13th March 2024

Global methane emissions from fossil fuels held near a record high last year, the International Energy Agency (IEA) said in its annual 'Methane Tracker' report, renewing concerns that governments... 


Iron-ore’s split with stocks shows China’s new economy in favour

12th March 2024

China’s stock market, and the price of one of the commodities central to its economy, are sending starkly differing signals on the country’s prospects. While iron ore, used to make steel, has... 


After massive bust, global lithium market shows signs of life

After massive bust, global lithium market shows signs of life

12th March 2024

After a spectacular bust, battery-metal lithium is showing tentative signs of life on speculation the retracement that convulsed the market last year has forced the conditions for a recovery. The... 


Gold bars

Gold pushes toward record as test of $2 200 looms on Fed outlook

11th March 2024

Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying... 


Iron-ore woes deepen as inventories in China keep piling up

Iron-ore woes deepen as inventories in China keep piling up

11th March 2024

Iron-ore slumped almost 5% — heading toward the $110 a ton mark — as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by almost... 


Vale CEO to keep job through 2024 as miner seeks successor

Vale CEO to keep job through 2024 as miner seeks successor

11th March 2024

Vale CEO Eduardo Bartolomeo will retain his job through December while one of the world’s biggest mining companies conducts a search for a successor, according to people familiar with the matter.... 


China’s big policy meet offers little to excite commodity bulls

China’s big policy meet offers little to excite commodity bulls

11th March 2024

China’s highest profile political event of the year provided little cheer for commodities bulls hoping for a jolt to demand in the world’s biggest market for raw materials. The National People’s... 


China’s copper smelters to discuss production cut as fees slump

8th March 2024

China’s biggest copper smelters are set to meet in Beijing next week to discuss measures to counter a plunge in ore processing fees to the lowest level in years, including potential production... 


China coal group says peak demand imminent as clean power grows

China coal group says peak demand imminent as clean power grows

8th March 2024

China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the... 


China coal imports seen flat in 2024, State-run utility says

8th March 2024

China's coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a State-run utility said on... 


Canada’s IPO drought reaches a full year with no end in sight

8th March 2024

Canada’s biggest market for initial public offerings is marking a grim milestone of a full year without a new listing, and with investors focused on a narrow set of themes, senior bankers don’t... 


UBS ditches Credit Suisse plan to phase out coal financing

7th March 2024

UBS Group is set to scrap a planned phaseout of coal financing that Credit Suisse had backed, as the global wealth manager prepares to unveil how the merged bank will tackle climate change. After... 


China’s commodities imports surge but demand may yet disappoint

China’s commodities imports surge but demand may yet disappoint

7th March 2024

China’s raw materials purchases surged in the first two months of the year, as importers took advantage of weaker prices for some commodities and prepared for more stimulus from Beijing to lift... 


Australian Prime Minister Anthony Albanese and Vietnam Prime Minister Pham Minh Chinh

Australia, Vietnam upgrade ties amid US-China rivalry

7th March 2024

Australia has joined the US in elevating its diplomatic ties with Vietnam to the highest level as Canberra moves to strengthen links across the Asia Pacific against a backdrop of China’s rising... 



Jervois mothballed a project in Idaho, which would have been the first new US cobalt mine in decades, about a year ago.

Struggling Australian cobalt miner blames Chinese overproduction for job cuts

7th March 2024

Australian miner Jervois Global is cutting costs and jobs in response to a plunge in cobalt prices that it’s blaming on Chinese oversupply. The cobalt and nickel producer has axed or made... 


China’s top coking coal miner calls on State to control supply

6th March 2024

China’s coking coal industry needs more state protection, including restrictions on supply, according to the chairman of the biggest miner. Beijing should control mining activity, limit output and... 


Gold steady after surging to record on rate-cut bets, haven bids

Gold steady after surging to record on rate-cut bets, haven bids

6th March 2024

Gold steadied after surging to a record high in the previous session, boosted by expectations for US rate cuts, geopolitical tensions and the risk of a pullback for equity markets. Bullion rose to... 


Natural Resources Minister Jonathan Wilkinson

Chinese money can’t be solution for cash-strapped Canadian miners, Minister says

6th March 2024

Chinese investment can’t be the solution for cash-strapped Canadian miners seeking financial backing, according to Canada’s Natural Resources Minister. “We need to be working to solve access to... 


Metals offer lukewarm reaction to China's economic targets

6th March 2024

Base metals drifted lower as traders assessed China’s 2024 economic goals for clues on the prospects for a significant rebound in the construction sector. Industrial commodities have struggled... 


SSR to pay for landslide cleanup at Turkish mine, Minister says

5th March 2024

The Turkish unit of SSR Mining will pay for all cleanup costs following a landslide at its Copler gold mine in eastern Turkey, a top government official said, without citing a specific figure.... 


A truck operating at a mine

South African economy averts recession as mining sector rebounds

5th March 2024

South Africa’s economy escaped a technical recession in the fourth quarter as fewer rotational power cuts helped energy-intensive industries including mining and manufacturing rebound. Gross... 


Gold touches $2 100 as traders scoop up metal on rate cut bets

Gold touches $2 100 as traders scoop up metal on rate cut bets

5th March 2024

Gold is within striking distance of a new record high as the market bets the first US interest-rate cut since early 2020 is near. The precious metal briefly rose above $2 100/oz Monday, the... 


World-beating mining stock turns big loser thanks to China slump

World-beating mining stock turns big loser thanks to China slump

4th March 2024

Iron-ore behemoth Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the company’s earnings growth and high exposure to slumping metal prices amid... 


Production has not kept pace due to years of underinvestment, says Texas-based UEC

Uranium firms revive forgotten mines as price of nuclear fuel soars

3rd March 2024

Across the US and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel. At least five US producers are reviving... 


China’s Jiangxi Copper buys $212m of First Quantum shares

China’s Jiangxi Copper buys $212m of First Quantum shares

3rd March 2024

First Quantum Minerals’ second-largest shareholder bought an additional C$287.5-million in shares of the Canadian metals producer that’s been hurt by the forced closure of its flagship copper mine... 


Nickel may flip to deficit on Indonesia hurdles, Macquarie warns

Nickel may flip to deficit on Indonesia hurdles, Macquarie warns

1st March 2024

The global nickel market could swing to a surprise deficit this year if growth in Indonesian output is constrained by slow mining permit approvals, according to Macquarie Group Ltd. While the... 


Indonesia says its nickel supply will keep global prices low

29th February 2024

Indonesia, the world’s largest nickel exporter, has a sobering message for struggling producers of the battery metal elsewhere: don’t expect any meaningful revival in prices. Septian Hario Seto,... 


South African researchers trawl through death records to assess coal impact

29th February 2024

South African scientists plan to examine about 8.5-million death certificates to ascertain how many people the country’s dependence on coal for electricity is killing. The review is the first of... 


China’s top coal miner cuts production target for 2024

27th February 2024

China Shenhua Energy Co., the nation’s top coal producer, has set a lower output target for 2024, as Chinese miners ratchet back operations amid a glut of the fuel. The firm plans to cut annual... 


Indonesia's coal-fired nickel output is pricing out greener metal that has so far failed to command a market premium.

Nickel faces existential moment with half of mines unprofitable

27th February 2024

Many of the world’s biggest nickel mines are facing an increasingly bleak future as they wake up to an existential threat: a near limitless supply of low-cost metal from Indonesia. With roughly... 


1
2 3 4 5 6 7 8 9

Research Reports

Projects

Latest Multimedia

Latest News

Sandfire’s early growth and success stemmed from the discovery of the high-grade DeGrussa copper/gold deposit, in Western Australia.
Sandfire announces $200m credit line
Updated 1 hour 19 minutes ago By: Mariaan Webb

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







1.121s - 59pq - 2rq
Subscribe Now