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Renewed hostilities between the US and Iran have driven volatility across oil and metals markets, with OPEC cutting its 2026 global oil demand growth forecast to 780 000 barrels a day and the International Energy Agency warning the escalation could upend its projected 2027 supply surplus. Precious metals prices dropped after fresh strikes, though gold, silver, platinum and palladium have shown signs of rebounding as markets weigh whether the flare-up will dissipate.
Supply shock revives idled Western aluminium smeltersThe Iran war's disruption to Gulf aluminium output has prompted Magnitude 7 Metals to restart the New Madrid smelter in Missouri, aided by US import tariffs of 50%, while similar dynamics are reviving capacity in Slovakia, underscoring Washington's push to cut import dependency.
US deepens push for critical minerals access in CongoThe Democratic Republic of Congo has approved a plan with Portugal's Mota-Engil to rehabilitate the Lobito Corridor rail link used to transport copper and cobalt, a project backed by US financing as the Trump administration seeks preferential access to Congo's copper, cobalt, lithium and tantalum deposits and reduces reliance on China.
United States Updates
Following the latest hostilities in the US war with Iran, precious metals prices dropped across the board, with the gold price falling back below $4 100/oz and silver below $60/oz. In its latest...
OPEC on Monday lowered its forecast for world oil demand growth in 2026 to 780 000 barrels per day, a copy of its monthly report showed, marking the third straight downward revision. The producer...
The Democratic Republic of Congo (DRC) approved a plan to partner with Portuguese construction company Mota-Engil SGPS on rehabilitating a key railway used for transporting copper and cobalt. The...
A new, Beijing-backed mining investment vehicle is aimed at bolstering China’s grip on overseas resources, as the country pushes back against US and European efforts to curb its dominance of the...
A recent escalation of hostilities between the US and Iran could upend the International Energy Agency's (IEA's) forecast of a significant oil market surplus next year, it said on Friday, as global...
TSX-V-listed LibertyStream Infrastructure Partners has entered into a definitive lithium carbonate offtake agreement with a US industrial customer. The definitive agreement follows a term sheet...
The supply shock caused by the Iran war is sparking old Western aluminium smelters back into life. In the US, Magnitude 7 Metals is reactivating the New Madrid smelter in Missouri.
Mining and exploration company Dateline Resources proposes to restart the former Colosseum gold mine, which produced about 344 000 oz of gold before mining ceased in 1992.
Kinross Gold Corporatiom expects to produce about 1.4-million gold equivalent ounces from the proposed project over an initial 11-year mine life from 2028.
ioneer has signed separate nonbinding memorandums of understanding with South Korea's Korea Overseas Infrastructure & Urban Development Corporation and Hyundai Engineering to help advance the project.
The US Forest Service has released a final record of decision.
The International Energy Agency (IEA) announced on Thursday that $900-million of new commitments had been made to the international Clean Cooking in Africa (CCA) initiative. Further, of the...
Nasdaq-listed Eagle Nuclear Energy Corporation has engaged several key service providers as part of the company's planned prefeasibility study- (PFS-) related drill programme at the Aurora uranium...
ASX-listed Victory Metals has successfully dispatched heavy rare earth concentrate to potential offtake partners in Australia, Japan and the US for independent product examination. The company...
The International Monetary Fund on Wednesday inched its 2026 global growth forecast lower again to a sluggish 3.0%, warning of ongoing risks linked to the war in the Middle East, trade...
The Wilmington Group, a recycling, secure destruction and managed waste services provider, has announced the launch of OneWaste – a fully managed waste and recycling service for organisations...
Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after US President Donald Trump said the memorandum of understanding signed with...
Diversified miner Rio Tinto has notified Aim- and ASX-listed Sovereign Metals that it will not exercise its option to elect to become operator of the Kasiya rutile/graphite project, in Malawi,...
Nasdaq-listed REalloys has signed a letter of intent with a leading developer and manufacturer of advanced permanent magnets, JS Link, to evaluate a strategic partnership to develop an integrated...
The US Department of Defense is buying lithium for its strategic stockpiles as the nation ramps up efforts to reduce supply risks for critical minerals. The Defense Logistics Agency (DLA) is...
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