July 28, 2023

Grupo Mexico posts profit rise on copper sales, transport unit

The company reported on Thursday a 38% rise in second-quarter net profit on higher copper sales.

July 27, 2023

Vale posts profit slump, hit by price drop

Vale posted net income of $892 million, while analysts polled by Refinitiv had forecast a profit of $2.21 billion.

July 27, 2023

Southern Copper starts legal action to evict illegal miners

In its quarterly report, the company said that part of its Los Chancas project "continues to be occupied by illegal miners"In its quarterly report, the company said that part of…

July 27, 2023

Vale to sell 13% stake in base metals unit for $3.4 billion

Vale Base Metals is expected to invest $25-30 billion in new projects across Brazil, Canada and Indonesia over the next decade.

July 27, 2023

Sigma completes first shipment of lithium from Grota do Cirilo

The company achieved operational net zero for its first shipment of battery grade lithium.

July 27, 2023

Teck cuts copper guidance on lower output at QB2

QB2 is the first step in Teck’s plan to grow its copper footprint and implies extending the aging deposit’s life by 28 years.

July 26, 2023

Allkem’s fourth-quarter revenue eases on weak prices

The miner recently inked a $10.6 billion merger with Livent.

July 26, 2023

US says it must work with Latin America more on key minerals

The Biden administration has begun a push to diversify the US’ sources of important goods and materials and to reduce dependency on China.

July 26, 2023

Cochilco cuts 2023 copper price forecast to $3.85/lb

The agency had previously set a forecast of $3.90 in May.

July 26, 2023

Eramet says it secured $400 million lithium deal with Glencore

Eramet said last month that Glencore was among parties to have expressed interest in helping finance its lithium production in Argentina.