Copper prices are widely expected remain elevated. Goldman Sachs expects the price to surge to $12,000 per tonne by the end of the year.
Market Spotlight

Copper prices stay firm after hitting all-time high on AI demand, China recovery

Asian output strong, supplies expected to remain tight for foreseeable future

3 June 2024
Mongolian Prime Minister Oyun-Erdene Luvsannamsrai, center, attends a commencement ceremony for underground production at the Oyu Tolgoi copper mine in the Gobi Desert in March 2023.
Economy

Mongolia digs in against doubts over fund to spread mining wealth

PM insists resources should benefit all; some question implementation, transparency

1 June 2024
U.S. President Joe Biden, left, has expressed skepticism about Nippon Steel's acquisition of U.S. Steel, which is opposed by the United Steelworkers union.
Business deals

Nippon Steel goes on PR counteroffensive to defend U.S. Steel deal

Market grows skeptical of acquisition as labor opposition threatens government review

25 May 2024
Five-yen coins, in foreground, are made from copper and zinc. (Photo by Shoya Okinaga)
Commodities

Japan's 5 yen coin costs almost face value on pricey copper, zinc

Weak Japanese currency drives up dollar-based materials prices

20 May 2024
China's gold bar and coin demand rose 68% on the year in the first quarter.
Commodities

Gold attracts China's retail investors, lifting prices to new heights

Purchasing spurred by push to safeguard assets amid economic uncertainty

10 May 2024
Prime Minister Anthony Albanese wants "a future made in Australia," but moving the export-reliant economy up the value chain may prove challenging. 
Commodities

Australia to spend $372m on resource mapping to stoke energy transition

Government wants to boost critical minerals, but China's dominance a challenge

8 May 2024
Filling up at a petrol station in Karachi, the Pakistani commercial capital. Pakistan receives millions of barrels of smuggled Iranian finished petroleum products annually.
International relations

Iran smuggles $1bn worth of fuel into Pakistan annually: report

Traders sneak petrol and diesel across border in corruption-riddled trade

7 May 2024
Cafe Giang in Hanoi faces rising prices for the two key ingredients in its famous egg coffee. (Photo by Yuji Nitta)
Commodities

Coffee prices soar as Vietnam farmers switch to durian

Dry weather and growing Asian consumption push up robusta futures

7 May 2024
Generative AI is trained on a massive amount of data through graphic processing units and depends on power-hungry data centers with large-capacity servers.
Datawatch

AI investment boom extends to nuclear power generation and uranium

Servers to support tech's data appetite will increasingly run on atomic energy

4 May 2024
Rising temperatures pose a threat to the production of lithium and other resources critical for the transition to clean energy. 
Commodities

Australia mining at risk from climate change-fueled drought and heat

Production of resources needed for clean energy face disruption, PwC report finds

30 April 2024
Soil containing rare-earth elements for export is transported at a port in Lianyungang, in China's Jiangsu province.
Commodities

China's rare-earth miners suffer profit falls as new supply chains rise

Global shifts and shaky domestic economy hit prices in strategic industry

29 April 2024
China accounts for more than half of global copper consumption.
Commodities

Copper hits 2-year high above $10,000 on China squeeze

Supply concerns hang over market for vital industrial metal

27 April 2024
A pit head is seen at an Anglo American platinum mine in South Africa in 2016.
Business deals

Anglo American rejects BHP's 'opportunistic' takeover offer

Deal between U.K. and Australian firms would have created world's largest copper miner

26 April 2024
Copper is a big business for Anglo American, accounting for 20% of sales.
Commodities

BHP makes $39bn bid for Anglo American amid copper rush

Australian miner proposes takeover to tap demand in EVs, renewables

26 April 2024
A refinery in Marin, Switzerland: Mines in Papua New Guinea now send their gold overseas for processing. 
Opinion

Papua New Guinea's planned gold monopoly will weigh economy down

Key export sector to be damaged by deal with mysterious Singapore company

24 April 2024
Queensland Pacific Metals is the latest Australian metal company impacted by falling nickel prices. (FIle photo by Reuters)
Commodities

Australian battery metal company shifts to gas amid nickel slump

Queensland Pacific Metals plans to process nickel domestically on back burner

24 April 2024
The price of silver touched a high not seen in more than three years earlier this month.
Commodities

Silver's solar demand tops forecast, surging 64% last year

Industrial sector poised to prop up prices for the precious metal

23 April 2024
U.S. President Joe Biden delivers remarks at United Steel Workers headquarters in Pittsburgh, Pennsylvania.
Trade

Biden calls for tripling tariffs on Chinese steel

At United Steelworkers, president stresses that U.S. Steel should remain American

18 April 2024
Pumpjacks sit atop an oil field in Heilongjiang province, China.
Energy

China slowdown will lead to global oil glut in 2025: IEA

Decarbonization and surging oil prices also weigh on demand

13 April 2024
The collapse of the Francis Scott Key Bridge in late March has significantly affected exports out of the Port of Baltimore.
Supply Chain

U.S. coal exports take hit after Baltimore bridge collapse: EIA

Japan the top importer of steelmaking coal from the port

11 April 2024
A worker in Chile checks a shipment of copper bound for Asia. China is the world's largest consumer of the metal.
Commodities

Copper hits 1-year high amid economic green shoots in China

Signs of manufacturing recovery on strong U.S. demand buoy metals and stocks

11 April 2024
A bulk carrier docks at the Ukrainian seaport of Pivdennyi in the Black Sea. The war with Russia has disrupted commodity shipments from Ukraine.
Interview

Ferrexpo to ship Ukraine iron ore to Japan again within 3 years: chair

Black Sea ports closed in Ukraine war have reopened, Lucio Genovese says

10 April 2024
Chinese buyers have historically been extremely sensitive to shifts in wheat prices.
Commodities

China shakes wheat market with canceled shipments from U.S., Australia

Buyers seek better prices under Beijing's push to boost food security

10 April 2024
A conveyor belt carries chunks of raw cobalt in the Democratic Republic of Congo, where Chinese companies dominate the mining sector. 
Supply Chain

Australian cobalt refiner bets on demand for 'ethical' China-free EV metals

Project pushes ahead despite price slump in key battery ingredient

5 April 2024
Demand for nickel has been rising due to its use as a key ingredient in hybrid and electric vehicle batteries. But the nickel sector in Indonesia, the world's largest producer of the metal, has been overshadowed by corruption.
Commodities

Indonesia nickel concerns stoked by corruption and land disputes

Bribery charges highlight challenge of regulating lucrative sector

3 April 2024