Analysts mark down copper forecasts as output ramps up: Reuters poll

Cam White | July 27, 2023

By Eric Onstad and Ananya Bajpai LONDON/BENGALURU (Reuters) – Analysts have pared price forecasts for copper and other industrial metals as supply expands while demand in top metals consumer China remains muted, a Reuters poll showed. Copper prices have been range-bound in recent months after a January slide from their highest in more than seven […]

Smaller Miners’ Hunger for Cash Grows as Copper Prices Fall, Sparking Merger Bets

Cam White | July 24, 2023

By Divya Rajagopal and Melanie Burton TORONTO/SYDNEY – A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to raising funds from new investors to ride out the current downtrend, several company executives told Reuters. Copper is set to play […]

Gold Miner Newmont Misses Profit Estimates on Mining Disruptions, Higher Costs

Cam White | July 20, 2023

(Reuters) -Newmont missed Wall Street estimates for second-quarter profit as lower production and higher costs hurt, sending shares of the world’s largest gold miner down nearly 5% in premarket trading on Thursday. Since early June, Newmont’s operations at its Penasquito mine in Mexico has remained suspended in response to a labor strike notice, hurting output. […]

Factbox-Where are germanium and gallium produced, what are they used for?

Cam White | July 5, 2023

(Reuters) – China said on Monday it will impose export restrictions from Aug. 1 on some gallium and germanium products, metals used in computer chips and other products, to protect national security interests. Here are some facts about gallium and germanium: WHERE IS GERMANIUM FOUND? Germanium ores are rare and most germanium is a by-product […]

Chile’s Codelco Must Kick-Start Lithium Industry While Reviving Copper Output

Cam White | June 19, 2023

By Fabian Cambero SANTIAGO (Reuters) – 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 the white metal needed for electric vehicle batteries. Chile is already the world’s No. 2 producer of lithium after Australia. But demand […]

In China’s Lithium Hub, Mining Boom Comes at a Cost

Cam White | June 15, 2023

By Siyi Liu and Dominique Patton YICHUN, China (Reuters) – 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 cash in on the electric vehicle battery boom. The city […]

Mining lags on female C-suite, board representation

Cam White | May 23, 2023

By Clara Denina and Helen Reid LONDON (Reuters) – Mining firms lag far behind other sectors on female representation in top leadership, data released on Tuesday showed. S&P Global Commodity Insights’ figures highlight the industry’s struggle to improve gender equity, with women filling just 12.1% of the highest-ranking executive positions across more than 2,000 publicly-listed […]

South African Gold Miner AngloGold Switching to U.S. Listing

Cam White | May 12, 2023

By Nelson Banya and Felix Njini (Reuters) -Gold miner AngloGold Ashanti will move its primary listing to New York from Johannesburg in a bid to access a deeper pool of investors and reduce risks associated with South Africa, it said on Friday. The company has shifted its focus to more lucrative mines in Ghana, Tanzania, […]

Barrick Beats Quarterly Profit Estimates on Higher Prices

Cam White | May 3, 2023

(Reuters) – Canadian miner Barrick Gold Corp beat Wall Street expectations for first-quarter profit on Wednesday, as higher prices of the metal outweighed a decline in production. Average prices of gold rose 7.8% and peaked over the $2,000-mark during the reported quarter on its appeal as a safe-haven asset following a banking crisis and fears […]

Chile’s Lithium Takeover Plan Faces Technical, Political Challenges

Cam White | April 28, 2023

By Fabian Cambero SANTIAGO (Reuters) -While Chile’s plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. President Gabriel Boric last week said he would move to gradually nationalize […]

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