Aluminium supply shock revives long-idled Western smelters, Reuters says

The supply shock caused by the Iran war is sparking old Western aluminium smelters back into life. In the US, Magnitude 7 Metals is reactivating the New Madrid smelter in Missouri. 

Carney pitches tighter Canada-Saudi mining and energy ties

Mark Carney, making the first visit to Saudi Arabia by a Canadian Prime Minister for 26 years, on Thursday said the two nations were well-placed to deepen mining and energy ties. Carney, who says... 

Deep-sea mining threatens molluscs holding promise for science, Red List shows

Over half of mollusc species that cluster around underwater vents and hold promising potential for medicine and technology are at risk of going extinct due to deep-sea mining, the world's largest... 

Aus regulator sees east coast gas market well-supplied through 2026, warns of 2027 risks

Australia's east coast gas market is expected to have sufficient supply in the fourth quarter of 2026, though further investment will be needed to meet longer-term demand, the country's competition... 

Fortuna expects Senegal gold project permit within weeks, CEO says

Fortuna Mining expects to receive the final permit for its Diamba Sud gold project in Senegal within weeks, its chief executive told Reuters, adding that with government support the country could... 

Chile's lithium export value nearly triples in H1 on rising prices, strong demand

Chile's lithium exports surged in value in the first half of the year, nearly tripling from a year earlier as stronger prices and solid global demand boosted sales, the government said on... 

India silver import curbs create shortages, push premiums to six-month high

India's restrictions on silver imports have created shortages in the world's biggest market for the precious metal, pushing premiums to their highest levels in six months despite weaker-than-usual... 

BHP awards $138m contract to Chinese firm for South Australian expansion project

Mining major BHP on Wednesday awarded a contract worth more than A$200-million ($138.8-million) to China Nerin Engineering to design and supply key processing facilities in South Australia. The... 

Indonesia state utility secures additional coal after supply crunch

Indonesian State electricity firm Perusahaan Listrik Negara (PLN) has secured additional coal shipments for its electricity system in Java after supply issues caused a series of power outages, its... 

Coking coal miners caught between India's surging demand and Australia's taxes

Miners of coking coal in top exporter Australia face the dilemma of balancing expectations of strong demand growth from top buyer India against a royalty tax system they view as rapacious and... 

India coal-fired power output in June rises to highest since November 2023

India's coal-fired power generation surged to a near-three-year high in June because of increased cooling demand from higher temperatures from an extended heatwave and below-average monsoon... 

US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says

US power consumption, which hit its second straight yearly record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the Energy Information... 

Oil surges, stocks tumble as Trump declares Iran MoU 'over'

Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after US President Donald Trump said the memorandum of understanding signed with... 

Tanzania's central bank buys 28 t of gold over past 18 months for reserves

Tanzania's central bank has bought about 28 metric tons of gold over the past 18 months to bolster its international reserves and support the shilling currency, its Governor Emmanuel Tutuba said.... 

Cuba struggles to restore power to island following nationwide grid collapse

Cuba struggled on Tuesday to restore power after its national grid collapsed the day before, leaving millions still without electricity across the Caribbean island nation. Authorities have yet to... 

Global oil output to return to pre-Iran war level by year's end, US EIA says

Global oil output and trade flows should rebound fully by the end of this year from the disruptions caused by the Iran war, the US Energy Information Administration (EIA) said on Tuesday. Global... 

Petrobras signs $58m deal with Brazil regulator to bring wells into compliance

Brazilian State-run oil firm Petrobras signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both... 

Trans Mountain pipeline reaches settlement with oil shippers on tolling dispute

Trans Mountain said on Tuesday it reached a settlement with oil shippers after 18 months of negotiating a dispute about the tolls the pipeline charges its customers to carry oil. Trans Mountain,... 

Latin American countries, some steelmakers argue for US tariff exemptions

Several Latin American countries said on Tuesday they are working to prevent the import of goods produced with forced labor, urging the Trump administration to exempt them from proposed new US... 

Australia's Ioneer signs MoUs with South Korean firms for lithium-boron project

Australian lithium miner Ioneer said on Wednesday that it has signed separate non-binding memorandums of understanding (MoUs) with South Korea's Korea Overseas Infrastructure & Urban Development... 

Japan Q3 aluminium premiums soar to highest since 2015 on Mideast supply squeeze

Japanese aluminium buyers agreed to pay premiums of $395 a ton for shipments between July and September, the highest since 2015, as the US-Israeli war on Iran squeezed supply, five sources involved... 

Vietnam looks at more coal power plants as Iran war complicates LNG plans

Vietnam's government is considering building more coal-fired power plants to ensure it can meet its energy needs, the government said on Wednesday, as the Iran war further complicates its slow... 

BHP iron-ore workers threaten first strike in decades at Port Hedland

Hundreds of workers at BHP's Port Hedland iron-ore operations in Western Australia could walk off the job next week, in what would mark the biggest industrial action there in decades, potentially... 

China gold reserves rise most since 2023 even as bullion tumbles

China's central bank reported its biggest monthly increase in gold reserves in more than two and a half years in June, official data showed on Tuesday, although bullion prices tumbled. China's... 

Italy's Eni buys minority stake in EnergyX's lithium project in Chile

Italian energy group Eni said on Monday it signed a deal to buy a 25% stake in Black Giant, a subsidiary of US startup EnergyX, which is developing a lithium project in Chile. Lithium is... 

Alberta, Ontario propose new 2 050-mile Canada oil pipeline

Alberta and Ontario on Monday proposed a new 2 050-mile (3 300 km) crude oil pipeline between the two Canadian provinces that they said would initially move 500 000 barrels per day (bpd) and reduce... 

Oil prices settle at pre-Iran war levels as crude output grows

Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports... 

Vale chairperson Stieler resigns

Brazilian miner Vale said on Monday chairman Daniel Andre Stieler resigned from the role and from his seat on the board of directors, effective immediately. The resignation came after pension fund... 

Corporate Japan's rare-earth warnings get louder as China keeps the spigot closed

A shortage of critical minerals is starting to affect the broader Japanese economy, adding a sense of urgency for Prime Minister Sanae Takaichi's government to find alternatives to exports that... 

Australia's Lynas, South Korea's JS Link sign deal for Malaysia magnet factory

Lynas Rare Earths said on Tuesday it has signed a partnership deal with South Korea's JS Link to develop a magnet factory in Malaysia. The Australian rare-earths producer will also supply... 

Global LNG trade hit record in 2025, but Middle East conflict clouds outlook, IGU says

Global liquefied natural gas (LNG) trade hit a record last year as strong US exports and rising European imports offset weaker Asian purchases, the International Gas Union (IGU) said in a report on... 

Congo sees no major threat from Middle East crisis to copper, cobalt output

Democratic Republic of Congo does not expect significant disruptions to copper and cobalt production this year due to chemical supply constraints stemming from conflict in the Middle East, a senior... 

Poland's KGHM is exploring acquisition possibilities outside Europe, CEO says

Poland's state-controlled copper and silver miner KGHM is exploring potential acquisition opportunities outside Europe under its new strategy, including projects in Morocco, Argentina, Canada and... 

Citi gains seat at heart of global bullion trading with clearing approval

Citi has become the fifth bank to clear transactions in London's over-the-counter gold market, the world's largest bullion trading centre, in a major expansion of its precious metals business, the... 

JPMorgan sees $4 500 gold price in fourth quarter, says risks to downside

JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in gold prices this year to $4 300/oz in the third quarter and $4 500/oz in the fourth... 

Congo cobalt exporters fear losing quotas due to administrative glitch, sources say

Major cobalt producers in the Democratic Republic of Congo (DRC) risk losing some of their first-half export quotas due to an administrative glitch affecting a customs platform, according to... 

Fortescue served with class action alleging sexual harassment, discrimination

Iron-ore major Fortescue on Monday confirmed it had been served with a class action on behalf of current and former female employees alleging sexual harassment and sex discrimination. 

Chile's Novandino Litio seeks enviro approval for $3bn Atacama lithium project

Novandino Litio, the joint venture between Chilean lithium producer SQM and State-owned copper miner Codelco, filed for environmental approval on Friday for a $3-billion project aimed at extending... 

New Zealand backs two minerals projects with up to NZ$50 million

New Zealand will provide up to NZ$50-million ($31-million) to two West Coast projects that expand processing capacity for critical minerals used in advanced manufacturing and clean-energy... 

Australia's Genesis lobs $3.9bn bid for Vault as M&A frenzy builds

Genesis Minerals has lobbed a bid worth about A$5.6-billion ($3.9-billion) for Vault Minerals, topping an existing offer from Regis Resources, as surging gold prices fuel a consolidation wave in...