Mining

USA Rare Earth CEO defends Trump administration investment as congressional questions swirl

USA Rare Earth shareholders should not be concerned by the terms of the US Commerce Department’s pending investment in the company, which gives equity to Washington even if funding for the deal falls apart, CEO Barbara Humpton told Reuters.The $1.58 billion debt-and-equity funding package announced in January was the latest in a string of critical minerals investments by the Trump administration, part of a push to bolster US production of the building blocks for electronics, weapons and a plethora of other products.

Apr 10, 2026 - 6:24 PM

Copper output from Codelco down nearly 10% in February

Apr 10, 2026 - 6:02 PM

Lithium bulls set to gatecrash Chile's copper party

Apr 10, 2026 - 9:41 AM

Vale signs charter deal with China’s Shandong Shipping to build ethanol-powered ships

Apr 09, 2026 - 3:42 PM

USA Rare Earth considers building French magnet plant

Apr 09, 2026 - 3:40 PM

Zimbabwe to introduce lithium export quotas, sets conditions for resumption of shipments

Apr 09, 2026 - 8:27 AM

Kitco Mining Channel

Miners escape from attacked coal mine in Russian-controlled Ukraine, official says

All 41 miners who were trapped ‌underground after Ukraine struck the Bilorechenska coal mine in the Russian‑controlled Luhansk region have been evacuated and ⁠are safe, a Russian‑installed official said on Monday.Leonid Pasechnik, the Moscow‑appointed head of the region, said power had been restored to the mine and the workers brought to the ‌surface.He ⁠added none of the miners was injured and that no one required medical assistance.

Apr 07, 2026 - 4:41 PM

Energy Transition Minerals faces likely licence renewal rejection for Greenland project

Greenland has informed Energy Transition Minerals of a potential rejection of its exploration licence renewal application for the Kvanefjeld rare earths project, the Australian miner said on Tuesday.Shares of Energy Transition Minerals fell 5.6% to A$0.051 by 01:52 GMT as trading resumed after a halt on Thursday. The broader S&P/ASX 200 benchmark index was up 1.5%.Kvanefjeld is a large-scale rare earths project with the potential to become a significant western world producer of critical minerals used in manufacture of consumer electronics.

Apr 07, 2026 - 4:35 PM

China’s central bank maintains gold buying for 17th month

China’s central bank stayed the course on gold purchases for a 17th consecutive month, with its reserves amounting to 74.38 million fine troy ounces by the end of March, versus the previous month’s 74.22 million.The country’s gold reserves were valued at $342.76 billion at the end of last month, down from $387.59 billion a month earlier, data from the People’s Bank of China showed on Tuesday.(By Qiaoyi Li and Ryan Woo; Editing by Bernadette Baum)

Apr 07, 2026 - 4:26 PM

Japanese copper smelters’ H1 output seen rising 3.3% y/y

Japan’s refined copper production in the first half of the 2026/27 financial year is expected to rise 3.3% year-over-year, according to Reuters calculations based on smelters’ production plans, driven by firm demand for copper alloy products and wire for the power sector.The first half of the financial year runs from April to September.Japan’s largest copper supplier, Pan Pacific Copper (PPC), expects its first-half supply to rise 7.5% from a year earlier, as operating rates at JX Advanced Metals’ smelters are seen to improve, a company spokesperson said.

Apr 07, 2026 - 4:22 PM

Ghana awards Gold Fields’ Damang mine lease to local firm Engineers & Planners

Ghana has selected local mining services company Engineers & Planners Ltd to take over Gold Fields’ Damang gold mine, the mines minister said on Tuesday.Ghana, which is seeking to boost local ownership in its mining sector, rejected Johannesburg-based Gold Fields’ lease‑renewal bid and took control of the mine last year, breaking with years of automatic extensions.It then began assessing local bids for a potential $1 billion revival of the asset.

Apr 07, 2026 - 4:16 PM

Iron ore price set for second weekly loss on high China stocks

Iron ore prices extended losses to a second straight session on Friday, and were set for a second weekly decline, dragged down by elevated portside stocks in top consumer China, although signs of improving demand helped limit the drop.The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade down 0.5% at 799.5 yuan ($116.26) a metric ton, posting a weekly fall of 1.5%.The benchmark May iron ore on the Singapore Exchange was 0.92% lower at $105.4 a ton, as of 07:00 GMT, recording a 1.7% decline so far this week.

Apr 06, 2026 - 3:40 PM

Vietnam imposes temporary anti-dumping tariff on some Chinese hot-rolled steel products

Vietnam has imposed a temporary anti-dumping levy of up to 27.83% on some hot-rolled coil steel products originating from starting April 17, its trade ministry said.The duty applies to HRC products measuring between 1,880 mm and 2,300 mm in width, according to a ministry statement dated April 2.(By Phuong Nguyen; Editing by Martin Petty)

Apr 06, 2026 - 3:39 PM

Suncor plans major shift in focus to in situ oil sands output by 2040

Canada’s Suncor Energy said on Tuesday the majority ‌of its bitumen output by 2040 will be produced using steam-assisted extraction technology, an announcement that marks a significant structural shift for the oil sands heavyweight and which the company said will result in lower costs and higher cash flow over the long term.

Apr 06, 2026 - 3:37 PM

Japan PM Takaichi plans Australia visit to discuss rare earths

Japanese Prime Minister Sanae Takaichi is planning a visit to Australia, seeking to discuss supply chains for rare earth elements and cooperation on safe navigation in the Strait of Hormuz, the Nikkei newspaper reported on Friday.Takaichi’s initiative comes shortly after Tokyo signed a rare earths deal with France, which Japan’s public broadcaster NHK reported on Wednesday.Japan and Western governments have been aiming to diversify away from the supply chain largely dominated by China, the world’s largest rare earths producer and supplier.

Apr 06, 2026 - 3:20 PM

Record-setting sulphur rally squeezes Indonesia nickel makers, Africa copper miners

A record sulphur rally triggered by the Iran war has driven up costs for nickel producers in Indonesia and copper miners in Africa.Sulphuric acid is an important part of mining and metal refining. The Middle East accounts for 24% of global sulphur production, where it is a byproduct of oil and gas refining.Sulphur prices in Indonesia have risen about 20% since the war to around $600 a ton, according to Argus. However some sales to high-pressure acid leaching nickel refiners are over $700 a ton, according to a trader supplying the sector.

Apr 02, 2026 - 5:43 PM

Mining

USA Rare Earth CEO defends Trump administration investment as congressional questions swirl

Copper output from Codelco down nearly 10% in February

Lithium bulls set to gatecrash Chile's copper party

Vale signs charter deal with China’s Shandong Shipping to build ethanol-powered ships

USA Rare Earth considers building French magnet plant

Zimbabwe to introduce lithium export quotas, sets conditions for resumption of shipments

Kitco Mining Channel

Africa to pilot bond aimed at formalizing artisanal mining

Mosaic to idle Brazil phosphate plants in cost-cutting push

Chile to name new Codelco board members this month

Environmentalists appeal judge’s ruling for ioneer’s Nevada lithium project

Miners escape from attacked coal mine in Russian-controlled Ukraine, official says

Energy Transition Minerals faces likely licence renewal rejection for Greenland project

China’s central bank maintains gold buying for 17th month

Japanese copper smelters’ H1 output seen rising 3.3% y/y

Ghana awards Gold Fields’ Damang mine lease to local firm Engineers & Planners

Iron ore price set for second weekly loss on high China stocks

Vietnam imposes temporary anti-dumping tariff on some Chinese hot-rolled steel products

Suncor plans major shift in focus to in situ oil sands output by 2040

Japan PM Takaichi plans Australia visit to discuss rare earths

Record-setting sulphur rally squeezes Indonesia nickel makers, Africa copper miners