Wednesday, 22 January 2025

Focus on Minerals

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012.   REUTERS/Arnd Wiegmann/File Photo
BusinessCritical MineralsNews

Glencore open to deals as investors brace for more mining M&A

Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper...

FILE PHOTO: An employee sifts diamonds at a diamond cutting and polishing factory in Surat, Gujarat March 3, 2009.  REUTERS/Arko Datta/File Photo
BusinessEnvironmentMineralsMiningNews

India’s NMDC to extract diamonds worth $3.4 million from mine near tiger reserve

NMDC in India is expected to extract 6,500 carats of diamonds, worth $3.4 million, this fiscal year from ores in a mine near...

FILE PHOTO: A worker checks copper rods at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam in this file photo from August 11, 2017. REUTERS/Kham/File Photo
BusinessCritical MineralsMiningNewsTrade

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

The copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the...

The sun sets behind an oil drilling rig in Prudhoe Bay, Alaska on March 17, 2011.  REUTERS/Lucas Jackson/File Photo
CourtsEnvironmentMiningNatural GasNewsOilPolitics

Republican-led states sue Biden administration over offshore drilling ban

Republican-led states sue over Biden's ban on new offshore oil and gas projects along most U.S. coastlines.

U.S. President Joe Biden answers questions regarding talking to hostages and TikTok as he made a stop at St. John's Church before the U.S. Conference of Mayors in Washington D.C., U.S., January 17, 2025. REUTERS/Annabelle Gordon
Critical MineralsFinanceNews

Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion

The U.S. DOE finalized a $996M loan for ioneer’s Rhyolite Ridge lithium project, boosting domestic EV battery material supply.

FILE PHOTO: A virtual operations center of Chile's state-owned Codelco, the world's largest copper producer, is seen during its inauguration in Santiago, Chile, December 1, 2021. REUTERS/Fabian Cambero/File Photo
BusinessCritical MineralsNews

Codelco, Saudi in talks on copper investment, 2025 output seen up

Codelco eyes joint investments with Saudi Arabia in copper, aligning with Riyadh's push into EV and battery manufacturing.

FILE PHOTO: Canada's Minister of Energy and Natural Resources Jonathan Wilkinson speaks during Question Period on Parliament Hill in Ottawa, Ontario, Canada, December 17, 2024.  REUTERS/Patrick Doyle/File Photo
Critical MineralsMineralsNewsPoliticsTrade

Canada minister says retaliatory tariffs could include critical minerals

Canada could impose countermeasures on up to C$150 billion ($105 billion), one source said.

FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
Critical MineralsMineralsMiningNews

Brazil’s Cosan unloads stake in miner Vale

The move was "based solely on the goal of optimizing its capital structure," the Brazilian conglomerate said.

FILE PHOTO: Fernanda Jerez, a Chuquicamata copper mine underground mining project worker, poses for a picture, in Calama, Chile, February 6, 2024. REUTERS/Pablo Sanhueza/File Photo
BusinessCritical MineralsLabourMineralsMiningNews

Analysis: Codelco workers fear copper production push hard to maintain

The company is targeting annual production of 1.7 million metric tons by the end of the decade.

FILE PHOTO: A woman shops for groceries at a market in Lima, Peru July 17, 2018.  REUTERS/Mariana Bazo/File Photo
Critical MineralsEconomyNews

Copper giant Peru sees economy expand for eighth straight month

Peru's GDP grew 3.93% in November 2023, marking eight months of expansion, driven by strong agriculture and fishing sectors.

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