The mining corridor in Peru, crucial for copper exports, is facing severe disruptions due to truck blockades and bad weather, affecting major mines and the global copper market.
News
-
-
Copper prices are surging again in New York as short sellers face renewed pressure. A shortage of deliverable metal is amplifying the situation, echoing the dramatic short squeeze of May 2024. This could impact production costs for manufacturers who rely on copper.
-
Central banks plan to increase gold holdings, viewing it as a hedge against economic uncertainty, according to a World Gold Council survey.
-
Thungela Resources announces R3.9 billion investment in South African coal projects, focusing on expanding operations and infrastructure in Mpumalanga.
-
Over 50 companies from around the world have shown interest in developing lithium projects in Chile, as the country seeks to expand its output to meet rising global demand.
-
Anthony Milewski, CEO of Nickel 28, resigns and repays $2.3 million in shares amid findings of serious corporate misconduct.
-
Cluff Africa partners with Mutapa Investment Fund, acquiring 45% of Zimbabwe’s Sandawana lithium permits to develop a high-grade resource.
-
Zimbabwe has approved a substantial expansion of the Pambilis Golden Valley Project, bolstering the country’s mining sector and economic growth prospects.
-
Canada’s government takes a strategic step to buy rare earth materials from Vital Metals, preventing a sale to a Chinese company and reinforcing national security.
-
Gecamines requires approval for any sale of Chemaf involving the key mining permit, complicating the cobalt producer’s transaction process.