Today’s Top News
Today’s Top News
Key mining news, market moves and developments from Australia, Canada, the US, UK and across the globe.
All news · 99 stories
Friday 6 November 2026
- Canada Proposes Five-Year Exploration-Credit Extension and Renewed Critical-Minerals FundingThe federal budget proposes extending both the 15% Mineral Exploration Tax Credit and the 30% Critical Mineral Exploration Tax Credit to 31 March 2032, an estimated C$956 million of support over five years. Antimony would join the 30% credit for flow-through agreements entered into after budget day. Ottawa also…
- India Launches Another Critical-Minerals Auction RoundIndia's Ministry of Mines launched the ninth tranche of critical and strategic mineral block auctions, offering 20 blocks across eight states with minerals including graphite, rare earths, tungsten, scandium and gallium. The previous eight tranches offered 100 blocks, of which 64 sold. Bids close 7 January 2027, and…
- Codelco Stops Andina Concentrator After Tailings SpillCodelco halted the concentrator and tailings transport at its Andina division in Chile's Valparaíso region after an object fell into a tailings channel, causing a partial spill that threatened the Blanco River. The company says water tests on the Blanco and Aconcagua rivers showed no significant variation. The…
- Copper Futures Retreat While China's Physical Stocks Remain TightLME copper closed overnight at US$13,774 a tonne, down 1.72%, as a US tech sell-off and AI sentiment risk drove long liquidation. The most-traded SHFE contract fell 1.29% to 104,950 yuan a tonne. SMM-tracked stocks in China's main regions fell to about 60,000 tonnes, roughly 140,000 tonnes below a year ago, and…
- MP Materials Completes GM Magnet Qualification as Rare-Earth Sales RiseMP Materials completed General Motors magnet qualification, with saleable magnet deliveries and revenue starting in the fourth quarter. Third-quarter NdPr oxide production rose 41% to 1,018 tonnes and sales rose 94% to 1,020 tonnes, lifting revenue 176% to US$147.7 million. Magnetics segment revenue was US$18.6…
- Wheaton's Quarterly Production Rises 13%, With Strong Cash Flow but Net DebtWheaton produced 230,965 gold equivalent ounces in the third quarter, up 13% on the prior year, mainly from the BHP Antamina silver stream acquisition. Revenue was US$772 million, net earnings US$410 million and operating cash flow US$645 million, with year-to-date revenue a record US$2.6 billion. Net debt stood at…
- Tin Falls Despite a Thin Physical Inventory BufferLME three-month tin officially closed at US$45,479 a tonne, down 3.23%, and the most-traded SHFE contract closed its night session at 343,040 yuan, down 2.96%, as AI capital expenditure concerns hit sentiment. SHFE dipped to the 337,000 yuan level before recovering to 340,000. LME inventory held at 3,940 tonnes on 5…
- KPMG Coal ForecastsKPMG's September/October bulletin of broker and research forecasts puts the 2026 average hard coking coal price at US$240.2 a tonne (nominal, free on board), up from US$230.3 in the June/July bulletin. The 2026 average for Newcastle thermal coal is US$133.8 a tonne, up from US$130.7, and the average AUD:USD forecast…
- Europe Should Stockpile Critical MineralsGerman Chancellor Friedrich Merz called for critical raw material stockpiles to be built at the European level in Brussels, to cut dependence on countries that dominate extraction and processing. Speaking at an economic conference in Berlin, he also said the state must help diversify supply sources and strengthen…
- Goldman Cuts Its Gold ForecastsGoldman Sachs cut its end-2026 gold forecast to US$4,150 an ounce from US$4,650 and its end-2027 forecast to US$4,800 from US$5,400, citing a more hawkish US Federal Reserve. The bank says structural central bank demand remains supportive. It warns that sharp equity drawdowns could initially pull gold lower as margin…
