BofA sees strong 2025 for copper, while iron ore prices to drift lower
While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.
Iron Ore
First Phosphate picks Quebec site for lithium-iron plant
First Phosphate (CSE: PHOS; US-OTC: FRSPF) has taken a step closer towards producing a key material for lithium iron phosphate (LFP) batteries in Quebec for the North American battery and…
Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking. The iron ore…
Australia at risk of losing its ‘shine,’ miners warn
BHP the latest to issue warning over Australia’s competitiveness
following Regis gold mine rejection.
Vale names CFO Gustavo Pimenta as next CEO
The Brazilian executive will succeed Eduardo Bartolomeo following a messy succession process.
Canada imposes tariffs on Chinese EVs, steel to boost mining sector
Canada on Monday introduced weighty tariffs on steel, aluminum and electric vehicle (EV) imports from China in a move the government said will protect the mining sector and domestic jobs…
Canadian rail lines restore service but supply snags need to be smoothed
Canada’s rail disruption has ended after Ottawa imposed binding arbitration but cargo piled in loading yards could take a few weeks to sort out, officials said. Workers at Canadian National…
Vale pegs cost for carbon-free mining and steelmaking at over US$1T
Vale’s CFO said that the biggest challenge is to reduce the cost of the energy transition.
Feds end Canada’s rail strike
Ottawa has stepped in to end a rare strike halting both of Canada’s major railways less than a day after it began. Labour Minister Steve MacKinnon on Thursday afternoon ordered…
Why this week’s market mayhem doesn’t signal a complete meltdown
Global markets have experienced spectacular moves this week, led by Japan’s Nikkei index. It tumbled 12% on Monday, then recovered 11% on Tuesday! Incredible whipsaw action — But that’s not what…
Rio Tinto open to major acquisitions to meet copper goals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Wednesday it would contemplate a significant copper acquisition if it added exceptional value, but noted that buying quality assets in…
Anglo American takes US$1.6B writedown on UK mine
Anglo American (LSE: AAL) swung to a loss in the first half of the year after taking a fresh US$1.6 billion writedown on its Woodsmith fertilizer project in the U.K.,…