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Global Commodity News
China’s Norinco Enhances Bid for Congo Copper Mines as Deal Stalls
New Delhi; China North Industries Group Corporation (Norinco), a major Chinese state-owned enterprise, has reportedly sweetened its bid for lucrative copper mining assets in the Democratic Republic of the Congo (DRC). Negotiations have…
Zelensky Insists on Military Guarantees in U.S.-Ukraine Minerals Deal
Ukrainian President Volodymyr Zelensky has made it clear that any deal involving U.S. access to Ukraine’s mineral resources must include military guarantees to ensure the nation’s security. This comes in response to a proposal from the…
Efforts to Reduce Dependence on Chinese Tungsten
Tungsten is a critical mineral essential for various industries, including aerospace, defense, electronics, and manufacturing. The United States and other Western countries have long been heavily dependent on China for tungsten supply, as…
Greenland’s Rare Earth Mineral Potential: A Key Resource for the Future
Greenland, known for its vast ice-covered landscape, is emerging as a significant player in the rare earth minerals sector. Beneath its melting ice lies a treasure trove of rare earth elements (REEs) crucial for modern technologies,…
Wyloo and Hastings Technology Metals Forge Strategic Joint Venture for Rare Earths Expansion
The Australian rare earths industry is set for a significant boost with the announcement of a strategic joint venture between Wyloo and Hastings Technology Metals. This collaboration aims to develop the Yangibana rare earths and niobium…
Goldman Sachs Raises Year-End Gold Price Forecast to $3,100 Amid Strong Central Bank Demand
Goldman Sachs has revised its gold price forecast for the end of the year, raising its target to $3,100 per ounce. The decision comes amid increased central bank purchases, economic uncertainty, and rising investor interest in gold as a…
Anglo Sells Brazil Assets for $500M, Targets June to Demerge Amplats
New Delhi; Anglo American has announced the sale of its Brazilian assets for $500 million as part of its broader strategy to streamline operations and focus on core business areas. The divestment comes as the company prepares to demerge its…
Ex-Glencore, Lundin Executives Launch Moranda Metals: A New Powerhouse in the Mining Industry
New Delhi; A group of former executives from global mining giants Glencore and Lundin have launched a new venture—Moranda Metals. With deep industry expertise and access to significant financial backing, the company aims to establish itself…
Why Trump Wants Ukraine’s Minerals: The Strategic Race for Critical Resources
New Delhi; The intersection of geopolitics and natural resources has once again come to the forefront, with former U.S. President Donald Trump reportedly expressing interest in Ukraine’s vast mineral wealth. With an estimated $11.5 trillion…
China’s Strategic Resource Initiatives: Strengthening Control Over Critical Minerals
New Delhi; China has long been a dominant force in the global minerals and metals market, playing a crucial role in the supply of key materials necessary for modern industries. As the demand for lithium, cobalt, and nickel intensifies,…