The 2020s will usher in a new commodities supercycle akin to the boom of the early 2000s, according to investment banking giant Goldman Sachs. Goldman’s view on the imminent supercyle is predicated on how the world will recover from the COVID-19 crisis, with emphasis on policies...
A new Fitch Solutions report has forecasted global copper mine production increasing by an average annual rate of 3.7% over 2021-29, with total output rising from 21.5 million tonnes (Mt) to 27.8 Mt in this time. According to the report, copper production will increase by 6.9%...
Chile’s Codelco has released an ambitious set of sustainability plans for its operations and projects, which includes goals to cut carbon emissions by 70% and reduce inland water consumption by 60% by 2030. The plan, centred around five key areas, aims to reduce around three quarters...
Commodity prices, including oil, gold and copper, have fallen after last night failed to produce a clear winner in the race for the US election, raising the prospect of a prolonged wait for the final result. Spot gold dropped 0.9% as investors favoured the safety of...
Critical Metals has today listed on the Main Market of the London Stock Exchange after the IPO was delayed by 12 months due to political uncertainty in the UK in 2019 and the COVID-19 pandemic this year. The junior explorer listed in London after an £800,000...
ASX-listed junior explorer Encounter Resources has received endorsement for its Elliott copper project in Australia’s Northern Territory from BHP, with the two companies forming a joint venture (JV). Mining giant BHP can earn up to 75% interest in the project by funding US$16 million over 10...
Pan American Silver has increased the resource estimate at its polymetallic La Colorada skarn deposit in Mexico by 38% in the Toronto-listed company’s latest market update. The inferred resource now stands at 100.4 million tonnes (Mt), grading 44 grams per tonne silver, 0.2% copper, 1.77% lead...
TSXV-listed Lara Exploration earlier this week reported that mining and processing have started at its Celesta copper project in Northern Brazil, with first concentrates to be shipped in early August. The mining programme at Celesta will initially focus on the Osmar target, which has an indicated...
China Molybdenum Co (CMOC) has reached a deal with Triple Flag Precious Metals Corp that will see the latter pay US$550 million for future gold and silver production from the former’s Northparkes copper mine in Australia. CMOC, which is listed in Shanghai and Hong Kong, will...
The world’s 50 most valuable mining companies added US$249.5 billion in market capitalisation over the three months to end June, following collective losses of $282 billion in the first quarter due to the COVID-19 pandemic. The sector’s recovery in Q2 was driven by a significant rally...