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Surpassing the Euro, Challenging the Dollar! Gold Accounts for 18% of Global Reserve Assets

Gold Rises Again, Surpassing the Euro and Challenging the Dollar Gold has not only become the hottest asset this year but also its status in international reserves has risen. According to media data on Friday, since 2009, central banks have been heavily buying gold, and with rising gold prices, its share in global international reserves […]

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New Project Approval to Boost Peru’s Copper Production to 4 Million Tons in Coming Years

According to foreign media reports on June 2, Peru’s Minister of Energy and Mines, Rómulo Mucho, announced the approval of the technical report related to the expansion project of the Cerro Verde copper mine. Cerro Verde, located in the southwestern region of Arequipa, accounts for nearly 19% of Peru’s copper production and 34% of its

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Indonesia to Issue Copper Export Permits to Freeport and Amman, Valid Until December 31

According to foreign media reports on May 31, an Indonesian Trade Ministry official stated on Friday that Indonesia will issue copper concentrate export permits to Freeport Indonesia and Amman Mineral International to ensure their exports are not disrupted. The current export permits for Freeport and Amman expire on Friday. Budi Santoso, Director General of International

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Rio Tinto and BHP Test Electric Haul Trucks to Aid Net-Zero Emissions Goal

Global mining giants Rio Tinto (RIO.US) and BHP Group (BHP.US) will collaborate to officially test battery-powered electric haul trucks in Western Australia’s Pilbara region. In a statement on Monday local time, Rio Tinto announced that the joint goal of Rio Tinto and BHP is to achieve net-zero greenhouse gas emissions as soon as possible before

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Post-Milei Reforms: Copper Rush Attracts Mining Giants to Argentina

According to foreign media reports on May 23, industry analysts say that mining giants including Lundin Mining, Glencore, and First Quantum Minerals are flocking to Argentina as the government of Javier Milei aims to attract foreign investment. This brings these mining giants closer than ever to developing large copper mines in the Andes Mountains. This

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BHP Needs to Spend $50 Billion to Successfully Acquire Anglo American

JPMorgan analysts released a report stating that BHP needs to increase its latest offer by approximately 30% to fairly reflect the value of the British mining company Anglo American. In other words, BHP needs to spend $50 billion to successfully acquire Anglo American. BHP previously launched a bid for Anglo American, but both offers were

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BHP’s Proposed Acquisition of Anglo American Highlights the Hot Demand for Copper Assets

On April 25, the world’s largest mining company, BHP Group (referred to as “BHP”), confirmed that it has made an all-stock acquisition proposal to Anglo American Plc (referred to as “Anglo American”) with a valuation of $38.8 billion. BHP’s proposal comes with the condition that Anglo American first divests its platinum and iron ore businesses

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Aperam: External Sales Down by Approximately 4.8% in 2023, Sales of Stainless Steel Scrap and Others Up by About 1.1%

Aperam released a report indicating that in 2023, its external sales volume fell by approximately 4.8% to 2.198 million tons, and revenues decreased by nearly 19.2% to 6.592 billion euros due to declines in sales volume and prices. Gross operating profit (EBITDA) dropped by nearly 72.8% to 293 million euros (adjusted decrease of about 73.1%

Aperam: External Sales Down by Approximately 4.8% in 2023, Sales of Stainless Steel Scrap and Others Up by About 1.1% Read More »

New Breakthrough Achieved in the Development of Rare Earth Fiber Aerogel Material

Recently, the Baotou Rare Earth Research Institute collaborated with Lanzhou University to develop a flexible rare earth fiber aerogel that combines low thermal conductivity with high-temperature resistance, featuring advanced core technical indicators. It is understood that aerogel materials are widely used in chemical insulation, new energy vehicles, and clothing due to increasing demand and performance

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Peruvian Minister of Mines: Strong Copper Prices to Revitalize Peru’s Mining Industry

According to Wenhua Finance citing foreign sources on May 3rd, Peru’s Minister of Mines stated on Friday that although the mining sector in Peru has been heavily impacted by years of political turmoil, strong copper prices and optimistic prospects for further increases are boosting the mining sector, helping to attract investor interest. Romulo Mucho stated,

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