Danantara Indonesia, sovereign wealth fund, and GEM, battery materials producer, with Vale Indonesia, nickel miner, have agreed that Danantara will invest in a $1.4 billion high-pressure acid leach (HPAL) facility in Central Sulawesi that will produce about 66,000 tons a year of mixed hydroxide precipitate (MHP) using ore from Vale’s mines. The move advances Indonesia’s...
READ MOREKorea Zinc, nonferrous smelter, and Lockheed Martin, U.S. defense contractor, have signed a memorandum of understanding covering germanium supply and broader collaboration on critical-minerals supply chains. Under the deal, Korea Zinc will supply germanium refined in jurisdictions excluding China, North Korea, Iran and Russia via an offtake arrangement, while advancing plans to build a dedicated...
READ MOREAsian Development Bank, multilateral lender, and Reko Diq Mining Company, copper-gold project JV owned by Barrick Gold (50%), Balochistan (25%) and three Pakistani state firms (25%), have agreed on a $410 million financing package for the $6.6 billion Reko Diq development, with first-phase production targeted for 2028. The package complements a $700 million facility from...
READ MOREMP Materials, rare-earths miner, and Albemarle, lithium producer, stand to benefit as the Commerce Department considers reallocating at least $2 billion from the CHIPS and Science Act toward mining, processing and recycling projects, according to people briefed on the talks. The shift would move money from semiconductor research and fab incentives to shore up U.S....
READ MORELindian Resources, rare earths developer, and Iluka Resources, downstream refiner, have advanced the Kangankunde project in Malawi after Lindian approved a final investment decision and raised A$91.5 million (about $61.3 million) via an institutional placement priced at A$0.21 a share. Stage 1 targets around 15,300 t/y of monazite concentrate by late 2026; a feasibility study...
READ MOREBHP, diversified miner, reported underlying attributable profit of $10.16 billion for the year to 30 June, down 26% year on year and below the Visible Alpha consensus of $10.22 billion, as softer iron ore prices outweighed firmer copper. The world’s largest listed miner also set its lowest full-year dividend since 2017 and lifted its net-debt...
READ MORESQM, Chilean lithium and specialty chemicals producer, reported a second-quarter net profit of $88.4 million, down 59% year on year, as realized lithium prices fell and legacy contract floors curtailed volumes. Revenue came in at $1.04 billion, broadly in line with the $1.064 billion analyst consensus, but earnings missed the $143.01 million expected by LSEG-compiled...
READ MORELifezone, a New York-listed battery metals developer, says stepped-up defence spending will lift nickel demand just as it moves its Kabanga project in Tanzania toward a final investment decision (FID). Founder and chair Keith Liddell told Mining Weekly he expects “a big demand side inflection… from the global defence industry,” citing the use of nickel-containing...
READ MOREFidelity International, asset manager, and Goldman Sachs, investment bank, have both argued gold could challenge fresh records into 2026, with Fidelity saying prices could reach $4,000/oz by the end of next year as the Federal Reserve eases policy, the dollar weakens and official-sector purchases remain strong. Spot bullion traded around $3,310–$3,350/oz in early August after...
READ MOREAnglo American, diversified miner, reported a first-half loss attributable to shareholders of $1.88 billion as lower production from Copper Chile and De Beers dragged revenue down 7% to $8.95 billion, prompting an 83% cut in the interim dividend to $0.07 a share. The stock fell about 5% to 2,120 pence (≈$28.05 at £1=$1.3248) in London...
READ MOREOrion Minerals, Northern Cape base-metals developer, and the Industrial Development Corporation of South Africa, state financier, have moved their focus to project financing and concentrate offtake agreements after a July capital raise to advance the Prieska Copper Zinc Mine (PCZM). The package comprised a placement of ~289 million shares and conversion of loan amounts via...
READ MOREGlencore, diversified miner and commodity trader, has raised its long-term profit range for its Marketing (trading) arm to $2.3–$3.5 billion a year and plans to strip about $1 billion of costs from its industrial operations by end-2026, following a review of its global mines and smelters. The company said its trading division earned $1.35 billion...
READ MOREVale Indonesia, the Jakarta-listed nickel miner 60 percent owned by Vale Base Metals and state holding MIND ID, plans to raise US $500 million in early 2026 from a syndicate of local and international banks and a further US $500-700 million via bonds in 2027, chief financial officer Andaru Brahmono Adi told investors in Jakarta....
READ MOREVale Base Metals, the copper and nickel unit of Brazilian mining giant Vale SA, is aiming for an Initial Public Offering (IPO) by 2027 or potentially sooner, according to CEO Shaun Usmar. The move is intended to position the subsidiary for a premium valuation over other metals producers and provide strategic flexibility in a dynamic...
READ MORECobalt Holdings has confirmed plans to list on the London Stock Exchange in June through a $230 million initial public offering, marking a rare new entry for investors seeking direct exposure to the price of cobalt. Trading is expected to begin on or around June 10, with both institutional and UK retail investors able to...
READ MOREGlobal copper production overview The global copper industry continues to expand, driven by accelerating demand from energy transition technologies, electric vehicles, and infrastructure projects. In 2024, global copper production reached approximately 22.8 million metric tons, with significant contributions from Chile, Peru, China, and the Democratic Republic of Congo. Chile remains the leading producer, accounting for...
READ MOREIndonesia’s sovereign wealth fund Danantara and French mining company Eramet are in advanced discussions to acquire a stake in a high-pressure acid leach (HPAL) nickel plant located in the Weda Bay Industrial Park, North Maluku. The facility, majority owned by China’s Zhejiang Huayou Cobalt, produces battery-grade nickel essential for electric vehicles. If finalized, this would...
READ MOREAustralia’s government has announced plans to establish a $1.2 billion (USD 760 million) strategic reserve of critical minerals, aiming to reduce dependence on China and strengthen the country’s position in global supply chains. Prime Minister Anthony Albanese detailed the initiative on April 24, stating that the reserve will focus on 31 minerals vital for modern...
READ MORECobalt prices have surged nearly 37% in the past month, climbing from $23,985 per metric ton to $32,795 per metric ton, following the Democratic Republic of Congo’s (DRC) decision to halt metal exports at the end of February 2025. The DRC, which supplies more than 70% of the world’s cobalt, introduced the four-month export ban...
READ MOREChile, Canada, and Peru — the three largest suppliers of copper to the United States — have formally urged the Trump administration to avoid imposing tariffs on copper imports, arguing that their shipments pose no threat to U.S. national security and are essential to the country’s industrial supply chain. The appeals come in response to...
READ MOREChilean Mining Minister Aurora Williams has projected that copper prices could stabilize at $7,800 per metric ton as global trade tensions continue to influence market dynamics. Her comments, made during an interview with *Diario Financiero*, highlight the role of ongoing negotiations between the United States, China, and the European Union in shaping copper’s future value....
READ MOREZambia, Africa’s second-largest copper producer, is forecast to increase its copper output to 1 million metric tons in 2025, up from 820,000 tons in 2024. Finance Minister Situmbeko Musokotwane attributed the growth to the revival of key mining operations, including Lubambe, Luanshya, and Kalengwa mines. This marks a significant recovery for Zambia’s mining sector, which...
READ MORECopper prices experienced unprecedented volatility on April 7, 2025, plunging as much as 7.7% within 15 minutes of opening on the London Metal Exchange (LME) before rebounding nearly $1,000 per ton in just over two hours. The dramatic recovery was driven by a surge in buying activity from Chinese importers and fabricators, who capitalized on...
READ MORECopper prices experienced unprecedented volatility on April 7, 2025, plunging as much as 7.7% within 15 minutes of opening on the London Metal Exchange (LME) before rebounding nearly $1,000 per ton in just over two hours. The dramatic recovery was driven by a surge in buying activity from Chinese importers and fabricators, who capitalized on...
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