Commodities

Panama has shown interest in resolving the future of the shuttered Cobre Panama mine after President Jose Raul Mulino authorized the export of 120,000 tons of copper concentrate stockpiled at the site since its closure in December 2023. "I authorized that they take out the material that is grounded...

Editor’s Note: The headline has been updated for clarity. Goldman Sachs forecasts a surge in U.S. copper imports soon, driven by expectations of tariffs from President Donald Trump's administration. Per Reuters' report, the investment bank expects a 25% duty on copper imports by year's end,...

U.S. Interior Secretary Doug Burgum called for increased activity in the commodity sector, urging industry leaders to seize opportunities on public lands. At the CERAWeek energy conference in Houston on Wednesday, Burgum noted the need for higher domestic production and reduced dependence on...

The global iron ore market could increase production over the next five years, with output surging as high as 2.92 billion tons by 2029. This trend could put additional pressure on leading exporters like Australia, whose currency has declined by around 20% against the U.S. dollar since 2015. Per...

Activist investor Palliser Capital has renewed its call for Rio Tinto (NYSE:RIO) to unify its dual-listed corporate structure, urging the miner to abandon its London listing in favor of an Australian one. Reuters reported that the London-based hedge fund sent a letter to Rio Tinto’s chairman...

The United States is considering a potential partnership with the Democratic Republic of Congo (DRC) to secure access to critical minerals, following discussions initiated by a senior Congolese official. According to the Financial Times, the DRC proposed a minerals-for-security deal, offering...

Chinese state-owned miner MMG has mothballed production at its cobalt processing plant in the Democratic Republic of Congo just 15 months after starting the operation. What Happened: According to Bloomberg, the Chinese miner cited "unfavorable cobalt market conditions" as the primary reason for...

The platinum market is set for its third consecutive year of deficits, as supply constraints and weak recycling rates have driven the forecasted shortfall of this valuable commodity by over 50%. The latest report from the World Platinum Investment Council (WPIC), the deficit in 2025 will be as much...

Chilean miner SQM (NYSE:SQM) reported a steep drop in Q4 2024 profit as declining lithium prices started to weigh on profitability. The world's second-largest lithium producer posted a net profit of $120.1 million, or $0.42 per share, down from $205.9 million in the same period last year, while...

Panama is inching closer to a resolution regarding its largest mining asset. President José Raúl Mulino noted his administration is considering "novel ideas" to resolve the dispute with First Quantum Minerals (OTCPK: FQVLF) regarding the Cobre Panama copper mine, pending the resolution of social...

President Donald Trump has finalized the terms of the mineral resources deal with Ukraine. After prolonged negotiations, the deal reportedly includes better conditions for the war-ridden country, albeit without the much-desired security guarantees. The Financial Times and The Guardian reported the...

On Sunday, Equinox Gold (AMEX:EQX) announced an all-stock deal to acquire Calibre Mining (OTC:CXBMF), valued at $1.8 billion, creating Canada's second-largest gold producer. "This merger represents a transformative step forward for both Equinox and Calibre, bringing together two complementary...

Russian President Vladimir Putin has offered the United States access to Russia's metals, presenting Moscow as an alternative to Washington's push for Ukraine's resources. If President Donald Trump successfully brokers the agreement to stop the three-year conflict in Ukraine, it could open the...

Canadian miner Teck Resources (NYSE:TECK) is not worried about the impact of proposed U.S. tariffs on the company’s business. During the latest earnings call, CEO Jonathan Price pointed out that the firm’s exports mainly go to Asia and Europe. "In the event that tariffs are imposed, we...

Anglo American (OTCQX:AAUKF) has signed a $5 billion agreement with Chilean state-owned miner Codelco to develop their neighboring Los Bronces and Andina operations jointly. The deal will further strengthen the company's footing in the leading copper-producing region. The production at those sites...