Mining

    Peter Schiff says rising yields are 'the most bullish thing' for gold, warns Washington could pay 50 cents on the dollar teaser image

    Peter Schiff says rising yields are 'the most bullish thing' for gold, warns Washington could pay 50 cents on the dollar

    (Kitco News) - Schiff tells Kitco News anchor Jeremy Szafron that 9% mortgages and a 30% to 50% drop in home prices could be next, and why he holds more of his own money in gold miners than bullion.

    Kitco Mining Channel

    US agency to do more equity investing in Africa, official says

    The US International ​Development Finance Corp plans to increase direct equity investments, including in Africa and the critical minerals sector, the agency’s Africa head said, as the US steps up efforts to counter China’s dominance of key supply chains.Critical minerals have become a focal point of global competition, with the US and other major economies seeking to secure supply chains for electric vehicles and renewable energy, while reducing dependence on China.

    Glencore sees electrification trend driving strong uptake for Australia listing

    Glencore expects strong demand from investors seeking exposure to trend toward electrification when it lists in Australia next week, CEO Gary Nagle said on Friday, adding that a deeper local presence may yield business opportunities although it has no set buyout list.The London-listed miner and trader has seen “very strong” interest from potential investors as well as existing ones limited by overseas mandate restrictions, Nagle told reporters ahead of its October 14 secondary listing on the Australian Securities Exchange.

    European Commission picks 46 new strategic critical mineral projects

    The European Commission has chosen 46 strategic raw material projects to benefit from faster permitting and help in bidding for public and private funding, as the bloc races to diversify supply chains and reduce reliance on China, it said on Friday.The EU, along with other major Western economies, is heavily dependent on China for critical minerals and components such as batteries and rare earths used in the defence, aerospace, automotive and renewable energy sectors.
    Trump to push US officials to use Defense Production Act to raise oil, fuel output, sources say teaser image

    Trump to push US officials to use Defense Production Act to raise oil, fuel output, sources say

    President Donald Trump will soon issue a directive to some of his department heads to find ways to control prices of diesel fuel which are near record highs in the weeks before the November 3 congressional elections that will determine control of Congress, three industry sources said on Friday.The directive, which could take the form of a presidential memo, will push officials to find ways to bypass local and state regulations blocking energy production and use the Cold War-era Defense Production Act to increase output of oil and fuel, the sources said.
    Copper price heads for a weekly gain on mine supply risks, China demand teaser image

    Copper price heads for a weekly gain on mine supply risks, China demand

    Copper prices were on track for a weekly gain of 2.0% on Friday, supported by concerns over mine supply disruptions, signs of active demand in top consumer China and tight visible inventories outside the US.Benchmark copper CMCU3 on the London Metal Exchange was up 1.6% at $14,541 a metric ton at 1604 GMT.The Yangshan copper premium SMM-CUYP-CN – a gauge of China’s appetite for imported copper – ended the week at $135 a ton, a four-year high, as the country returned from a week-long holiday.
    Dalian iron ore hits 18-month low as thin steel margins dim demand prospects teaser image

    Dalian iron ore hits 18-month low as thin steel margins dim demand prospects

    Dalian iron ore prices touched an 18-month low on Thursday, the first working day after a week-long holiday break in top consumer China, as weak steel margins dimmed the demand outlook for the key steelmaking ingredient.The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade down 3.12% to 682.5 yuan ($101.84) a metric ton, its weakest level since April 9, 2025.
    Indonesia vows to protect investment at launch of battery, solar, aluminium plants teaser image

    Indonesia vows to protect investment at launch of battery, solar, aluminium plants

    Indonesia is committed to respecting and safeguarding all investments, President Prabowo Subianto said on Thursday, as he launched nickel- and aluminium-based projects worth billions.Prabowo was speaking at a launch ceremony for commercial operations of industrial facilities and construction of other projects in an industrial park at Weda Bay partly controlled by Chinese steelmaker Tsingshan Holding Group.He also launched the first exports of EV batteries, produced by REPT Battero, at the ceremony.
    Zambia says it is negotiating US minerals deal after ‘decoupling’ from health pact teaser image

    Zambia says it is negotiating US minerals deal after ‘decoupling’ from health pact

    Zambia is negotiating a critical minerals deal with the US government after “decoupling” it from a separate health funding agreement it signed on Thursday, its foreign minister said.“There was this (Memorandum of Understanding) on health and another on critical minerals, and we were saying that these need to be decoupled, and this has been done,” Mulambo Haimbe said at a signing ceremony for the health pact, which will see the US provide $1.5 billion in funding.
    Valcambi, Shiu Wing Steel plan new Hong Kong precious metals refining operation teaser image

    Valcambi, Shiu Wing Steel plan new Hong Kong precious metals refining operation

    Swiss precious metals refiner Valcambi and Shiu Wing Steel, Hong Kong’s only steel mill, have signed a letter of intent to establish a precious metals refining and vaulting operation in Hong Kong, the companies said on Thursday.The proposed joint venture would be based at Shiu Wing Steel’s facility in Tuen Mun, Hong Kong, and would target customers across the Asia-Pacific region.Shiu Wing Steel said the venture would help the company’s diversification beyond its core business of steel rebar production.
    Anglo-Teck merger, nickel sale are test cases for navigating geopolitical complexities, CEO says teaser image

    Anglo-Teck merger, nickel sale are test cases for navigating geopolitical complexities, CEO says

    Anglo American’s (LON: AAL) proposed $54 billion merger with Canada’s Teck Resources (TSX: TECK.B) and the sale of its Brazilian nickel business have become test cases for navigating geopolitical complexities as they await antitrust approval, CEO Duncan Wanblad said on Wednesday.The Anglo-Teck merger, announced in 2025, has received approval from all countries where the companies operate except China. Both expect the deal to close by March 2027.
    Anglo American threatens to close Brazilian nickel operation if EU blocks sale to MMG teaser image

    Anglo American threatens to close Brazilian nickel operation if EU blocks sale to MMG

    Anglo American (LON: AAL) will likely shut down its Brazilian nickel operation if EU antitrust regulators block its sale to Hong Kong-listed mining and metals company MMG, its chief operating officer will warn regulators at a closed hearing on Thursday, according to prepared comments obtained by Reuters.Anglo American Brazil COO Ruben Fernandes and Cristina Morgan, the company’s chief financial officer in Brazil, will seek to convince the European Commission that the $500 million deal with MMG will not hurt European stainless steel producers.
    Zimbabwe’s lithium export earnings surge on higher spodumene prices teaser image

    Zimbabwe’s lithium export earnings surge on higher spodumene prices

    Zimbabwe recorded lithium export sales worth $2.16 billion during the nine months to September 30, nearly four times the total sales for last year, the government’s minerals marketing agency said on Wednesday.The increase was mainly due to a 283% increase in the price of spodumene concentrate, a lithium-bearing mineral which is a key source of the battery metal, the Minerals Marketing Corporation of Zimbabwe’s General Manager Nomusa Moyo said during a briefing.
    Savannah Resource close to second offtake deal for Portugal lithium project teaser image

    Savannah Resource close to second offtake deal for Portugal lithium project

    London-listed Savannah Resources (LON: SAV) is close to signing a key second offtake deal for future output from its flagship Barroso lithium project in northern Portugal, with an agreement expected this quarter, CEO Emanuel Proenca said on an analyst call on Wednesday.The Barroso project hosts more than 39 million tonnes of spodumene resources, Europe’s largest deposit of the lithium-bearing mineral.The company has said further exploration upside could lift resources above 100 million tonnes and extend the mine’s life beyond 50 years.
    Indonesia plans to impose a moratorium on new plants making partly processed nickel teaser image

    Indonesia plans to impose a moratorium on new plants making partly processed nickel

    Indonesia is discussing a plan to impose a moratorium on development of new nickel processing facilities that produce partly processed metals, the senior minister overseeing mining, Bahlil Lahadalia, said on Wednesday.The plan is part of the country’s efforts to prop up prices of nickel products, said Bahlil.