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Trending stories and market-moving news from the ASX small-cap sector
Anglo American sells nickel assets to MMG as part of strategic refocus
Anglo American has sold its nickel arm for US$500m to a Singapore-based subsidiary of MMG as part of a plan to tighten its business. The company’s nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two large greenfield growth projects, Jacaré and Morro Sem Boné. The Barro Alto mine, […]
February 20, 2025 • 12:20 AM
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Copper prices climb to 11-month high on the back of supply setbacks and rising demand
While the price of copper may not be filling the headlines that gold is creating, the red metal is tipped to be one of the best investments in commodity markets this year. Copper is sitting around $6.05 per pound this week. That’s up 3.77% since the beginning of the year and new market activity and […]
Experts forecast record high prices and robust global demand for silver
While silver is being overshadowed by the current price surge for gold, it is also being tipped as a commodity to follow. Global experts are predicting silver may hit a high of US$48 this year, up from its current US$24.53, as its market also reacts to geopolitical issues and a year featuring a number of […]
Platinum shortfall to continue as global demand soars in the face of shrinking supply
A new report is forecasting a continuing slide in platinum production as demand for the precious metal continues to surge. The World Platinum Investment Council’s latest quarterly report found that the market for the metal is set for consecutive periods of market deficits, with an undersupply of 418,000 ounces expected in 2024 following a shortfall […]
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Mining survey reveals top 20 global jurisdictions for companies to operate in
Three countries dominate the latest Fraser Institute global mining survey with Nevada, Western Australia and Saskatchewan taking out the top most favoured places to be exploring or mining. The Toronto-based think tank’s annual ratings are closely watched for who’s up, who’s down — and who’s out the back door (this year that includes New Zealand […]
Tesla considers buying Sigma Lithium to secure EV battery metal supply
Electric vehicle powerhouse Tesla (NASDAQ: TSLA) is considering buying Canadian miner Sigma Lithium (TSX-V: SGML), according to news reports circulating over the weekend. The Elon Musk-led automotive giant has been eyeing multiple mining options as it considers its own refining. Sources close to the matter claim Tesla has been in talks with potential advisers about […]
Saudi Arabia to spend US$3b acquiring global mining assets in 2023
In an effort to diversify its economy away from oil and secure access to strategic minerals, Saudi Arabia has established a new company that will invest in global mining assets. According to a statement released on Wednesday, the sovereign wealth fund (PIF – Public Investment Fund) and state miner Ma’aden have signed an agreement to […]
Europe poised to enter rare earths race after major discovery in Sweden
With no internal supply, vast numbers of European industries have been reliant on China for rare earths, until now. That may now be on the way to changing with the announcement by the Swedish state-owned mining company LKAB that it has identified more than 1 million tonnes of rare earth oxides in the Kiruna area […]
Ghana to buy oil with gold instead of US dollars
Ghana is putting together a proposal to acquire oil products in exchange for its gold, with the strategy being to reduce the expenditure of its US currency reserves. Vice president of the African nation Dr Mahamudu Bawumia announced the proposal on 24 November via his Facebook platform. If it moves ahead, the policy is set […]
China moves to buy oil and gas using yuan instead of US dollars
China is rolling-out plans to acquire oil and gas products in exchange for yuan, instead of US dollars, from top producers in the Arabian Gulf. These plans were unveiled by China’s President Xi Jinping at a summit held in Riyadh, Saudi Arabia last Friday. Hosting the talks was Saudi Crown Prince Mohammad bin Salman who […]
Microsoft buys 4% stake in London Stock Exchange
Microsoft (NASDAQ: MSFT) has entered into a 10-year strategic partnership with the London Stock Exchange Group (LSE: LSEG) – including scooping up a 4% stake in the exchange. The partnership will reportedly help Microsoft generate an additional US$5 billion in revenue and will co-build a “centralised, financial data platform,” which is described as being an […]
Western vaults drained of silver to meet soaring Indian demand
Traditionally, India’s precious metal dealers have received their gold shipments by air, but their silver normally came by sea. That made sense due to the relative values per ounce of the two metals (with the gold:silver ratio now at 1:77). However, such is the demand for silver in 2022 that this metal, too, is now […]