LME copper prices jumped $118 to settle at $14,334 per tonne, supported by persistent mine supply constraints and structural demand from power grid modernization and data center expansion.
International Copper Study Group data reveals a 1.1% year-on-year drop in first-half global mine production, raising expectations for the first annual decline since 2017.
Fortuna Mining has contracted Wärtsilä to supply a captive power generation facility, marking a significant step forward in the infrastructure development of its Diamba Sud gold project.
Miner Manuka Resources has initiated a A$12 million funding round to support operations after resuming gold extraction at its Mt Boppy project.
Hancock Prospecting has acknowledged job cuts at its Roy Hill iron ore operation as it phases in a driverless haulage system.
The United States has relaxed export restrictions on Venezuelan coal, granting Carbozulia authorization to conduct sanctioned-compliant commercial transactions and foreign investment activities.
Mota-Engil has been awarded a railway operating concession in the Democratic Republic of Congo, establishing a dedicated logistics corridor for copper and cobalt shipments to international markets.
Kazera Global has obtained regulatory approval for heavy mineral mining operations in South Africa, with SAI committed to financing the project’s development.
Cornish Metals has transitioned the South Crofty tin project in Cornwall into active construction, signaling a major milestone toward restarting operations at the historic deposit.
FLSmidth and Lloyds Metals have entered a comprehensive agreement to establish a joint maintenance facility aimed at supporting iron ore operations.
Major South Korean cell producers are rapidly scaling domestic lithium iron phosphate storage manufacturing and system integration to capitalize on North American grid-scale demand.
Kazera Global has obtained official authorization to develop the Sea Concession 2A heavy mineral sand project in South Africa, marking a significant step in the country’s coastal mining sector.
South Korean battery materials producer EcoPro BM has reduced its capital raising objective to 890 billion won while advancing negotiations to purchase an equity interest in Indonesia’s BNSI nickel processing facility.
Vox Royalty has acquired a two percent royalty interest in the WhiteDam gold project, positioning itself to benefit from future production at a site targeting annual output of up to 20,000 ounces.
Vulcan Energy has finalized a preliminary feasibility study for its Ludwig lithium development in Germany, marking a key milestone in the nation’s emerging domestic battery materials sector.
Aya Gold & Silver has successfully closed its acquisition of mining concessions in Morocco, expanding its exploration portfolio in North Africa.
Alcoa has agreed to acquire South32’s core Australian alumina operations in a $3.1 billion cash-and-stock deal that will significantly consolidate the global aluminum supply chain.
A California court has determined that Imperial County’s permitting decision for the Hell Kitchen lithium geothermal development contains procedural or substantive deficiencies.