Prince Mohammed bin Salman is prepared to pour billions of dollars into tapping the more than $1.3 trillion of metals his government says is buried in the country.

The London Metal Exchange will enter 2023 with the smallest available warehouse stockpiles in at least 25 years.

The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024, according to the Silver Institute.

For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper.

Saudi Arabia is seeking to take minority stakes in global mining assets that will over time help provide access to supplies of strategic minerals.

“Money is a coward — it runs away at the first sign of trouble,” the chairman of Ivanhoe Mines said.

Move marks the first time a US government agency has included copper on one of its official “critical” lists, following the examples of the European Union, Japan, India, Canada, and China. 

A flurry of copper mining deals are being lined up for the next six to 12 months, industry sources told Reuters.

BlackRock has been among the most bullish voices in the copper market for years.

A state-backed Saudi venture would buy stakes in mining assets worth $15 billion in African countries, which will permit US companies to buy some of the production.

A forecast surplus of copper going into 2024 has suddenly all but disappeared.

Prices climbed as much 1.5% on Thursday after dovish comments from Federal Reserve Chair Jerome Powell.

Copper has gained 28.1% since the end of last year and is up 114.9% from its 2020 low, hit in March of that year.

Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector.

Citigroup said there’s potential for “explosive price upside” again in the next three years.

Demand for copper to build most electronic devices will exceed supply over the next decade and imperil climate targets unless dozens of new mines are built, analysts say.

Under a scenario where 40% of vehicles are electric by 2050, the need for lithium globally will increase by 2,909% from the 2020 level.

The metal has reclaimed the $10,000 threshold for the first time in two years.

The Prohibiting Russian Uranium Imports Act would bar Russian uranium imports 90 days after enactment while allowing a temporary waiver until January 2028.

The company said it will invest $498 million to develop an underground mine and infrastructure in an area known as the North Rim Skarn.

Chile, which accounts for a quarter of the world’s mined copper, posted its lowest monthly production in six years on Friday.

As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year.

Argentina expects lithium exports to reach $5.6 billion by 2025 based on the production of 200,000 annual tonnes of the battery metal.

Traders are paying huge premiums for quickly deliverable copper after stockpiles in the LME warehouse system tumbled to their lowest level in decades.

From copper to iron ore and oil, prices have rallied broadly in 2021, as the global economy emerges from the depths of the coronavirus pandemic and fires up demand.

Port workers in Chile called a strike in response to a move by the government to block a bill allowing people to make a third round of early withdrawals from their pension funds.

The Critical Raw Materials Act (CRMA) unveiled by the EU adds the two major industrial metals to a list that had previously focused on more niche minerals.

He Jinbi believes as top consumer China builds metals-intensive renewable energy and electric vehicle infrastructure, copper and other base metals will see serious supply deficits in future.

Futures on the London Metal Exchange have risen more than 12% so far this year.

The world’s no. 1 miner says copper output will need to double and nickel tripled in 30 years to reach decarbonization goals.

Copper climbed as much as 1.1% early Monday to reach $9,988 a ton.

The cells in the average battery with a 60 kilowatt-hour (kWh) capacity contained roughly 185 kilograms of minerals.

Argentina’s growing lithium industry hit a record high with exports rising to $60m in May.

Chinese lithium prices double again in 2022, Benchmark’s mid-March assessment shows with seasonal restart of domestic brine supply unlikely to counter growing deficits.

Investors look set to pile into the copper market on an unprecedented scale in the next few years, Citi analyst says.

Even if more lithium mines are built, there are not enough facilities to produce specialized types of the metal for batteries.

February high will be tested sooner or later, said Saxo Bank.

Bullion has gained about 16% so far this year and more than $500 since October.

He warned Canada should not take lightly Glencore's attempted takeover of Teck, which has a track record of supporting local juniors.

The mining magnate said that forecasts of copper prices reaching $9,000 a metric ton next year isn’t enough to stimulate the industry.

Friedland, who’s behind the discovery of some of the world’s biggest copper deposits, has long championed the importance of the metal.

A 60% slump in cobalt prices over the last two years has exposed the fragility in Washington’s efforts to bolster supplies of critical minerals.

A host of positive drivers have pushed up bullion by around 14% since the middle of February.

A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market, according to the bank.

The spread between cash and three-month futures surged to over $1,000 on the LME on Monday, a premium not seen since at least 1994.

Employment in Argentina’s lithium mining sector grew by 68% year-over-year.

Goldman Sachs sees prices averaging $11,000 per tonne over the next 12 months.

A UK official said London expected any market disruption to stabilize quickly.

First off from a C$300 million pool, applicants can seek up to C$50 million per project, while provincial and territorial governments can apply for as much as C$100 million for each project.

In New York’s Comex gold futures market, money managers are placing more bullish bets on gold.

Canada plans to reduce the time to approve mining permits by better funding the regulatory agency to get rid of paperwork backlogs.

The idea is to secure fresh funds within six months for feasibility and engineering work at the Los Azules project.

The decision follows recent robberies that took place in the Sonora state.

Bullion has gone up by more than 18% since mid-February.

Chief executive Mark Bristow approached some of First Quantum’s largest investors late last year, according to Bloomberg sources.

Benchmark says some Chinese lithium carbonate producers are putting up sold out signs as domestic prices surge to two-year highs.

While allocations appear to be above historical averages on commodities, they are not very overweight, according to strategists led by Nikolaos Panigirtzoglou.

Prices for two of the world’s most important mined commodities are diverging quickly.

Shifting battery chemistries sees lithium deployment outpace global electric car sales volume growth – report.

Even as consumption growth for other commodities like grain probably will trail off in the next 30 years, metals will remain in high demand, the bank said.

To put the current trend into perspective, this graphic uses data from the U.S. Federal Reserve and consultancy Roskill to picture copper’s previous rallies over the last 120 years.

BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected.

Adamas Intelligence forecasts that the market for magnet rare earth oxides will increase to $15.65 billion from the current $2.98 billion.

The planned investment, a tenfold increase on the $271 million pledged in the same period last year, dwarfs that of its closest rival, the United Arab Emirates,

BloombergNEF expects the nickel price to remain elevated above $18,000, although it will continue to underperform copper and aluminum.

Investors have been adding to bets that the Fed’s tightening cycle has ended after a series of US data points showed the world’s biggest economy is slowing.

The market may be left without production from a project that last year churned out 1.2 million tonnes.

The spot price of lithium carbonate in China has rebounded to the highest level since December.

Previous recipients of the award include Barack Obama, Hillary Clinton and John McCain.

A union representing workers at BHP’s Escondida and Spence mines has rejected the company’s contract offer, raising the risk of a strike.

We gotta find more copper.

The DRC-based mine started producing copper concentrate on Tuesday, months ahead of schedule and amid soaring copper prices.

Canada’s vow to curb foreign investment in its critical minerals sector will face its first major test with Saudi Arabia’s deal to buy into some of the country’s largest nickel mines.

China's biggest copper smelters have agreed to a symbolic cut in loss-making production, without specifying volumes and timing.

The central bank of China lowered a short-term lending rate for the first time in 10 months to prop up its post-pandemic recovery.

Copper is entering a second bull market this century, Citigroup said this week.

Chinese lithium carbonate ticked up 1.2% Wednesday, the first gain this year.

“We’ve got decades worth of high rates of investment into infrastructure as the world seeks to decarbonize. That’s a widely held consensual view.

EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.

The nickel market has been thrown into chaos after a flood of new supplies from Indonesia — the result of huge Chinese investment and major technological breakthroughs.

Scarcity of what is a critical input for EV batteries could potentially act as a powerful brake on e-mobility, writes Andy Home.

President Joe Biden’s signature climate policy is helping drive a golden age of mineral exploration in Australia, said the Australian Trade Minister.

Peru’s Ministry of Energy and Mines presented new mechanisms aimed at reducing the time it takes to get permits and authorizations.

Spot gold set a new record of $2,222.39 during the early hours of trading on Thursday.

The turmoil is the latest example of acute supply stress in global metals markets, and represents the third time in 12 months that the LME has stepped in to increase monitoring.

As part of its stated ambition to challenge China’s dominance, the Biden administration saw an opportunity to revitalize a century-old rail line linking key African mines to an Atlantic Ocean port.

China’s key role in the processing of raw minerals means it will remain a key partner, says Jose Fernandez, the US under secretary for economic growth and the environment.