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.
Published 6 Nov 2026 · 22 storiesClear filter
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…
- Better Planning Could Help Mine ApprovalsCanadian engineering consultancy BBA says approval delays often start before an application is lodged, when decisions on how a mine will be built, operated and closed remain unresolved. Waste geochemistry, water management and closure inputs that arrive late can force developers to revisit engineering during…
- Codelco Says Production Under Irregular Circumstances Amounts to 42,100 TonsCodelco chairman Bernardo Fontaine told an extraordinary shareholders' meeting on Thursday that artificially inflated production detected in the miner's reports amounts to 42,100 tonnes, while a second case cuts stock by 17,000 tonnes, worth US$120 million to US$140 million. Codelco has ordered audits and dismissed…
- Lundin Cuts Copper Outlook Again as Chile Weather BitesLundin Mining cut its Caserones copper target to 105,000 to 115,000 tonnes from 120,000 to 130,000 tonnes, its second cut since August, as snowmelt keeps disrupting the Chilean mine. Company-wide guidance falls to 285,000 to 310,000 tonnes from 300,000 to 325,000 tonnes. Third-quarter free cash flow of US$312 million…
- Lula's Election Win Dashes US Hopes of Quick Access to Brazil's Rare EarthsLula's reelection is likely to dash Washington's hopes of fast access to Brazil's rare earths, the world's second-largest reserves. His government plans new rules through the National Council for the Industrialization of Critical and Strategic Minerals, which will prioritise processing in Brazil over raw exports, with…
- UK Found to Be 'Dangerously' Reliant on China for Critical Minerals Needed for Defence and AIA UK parliamentary business committee found the country "dangerously" dependent on China for critical minerals needed for defence, net zero and AI. MPs heard lithium demand will rise 45-fold and rare earth demand 16-fold by 2030, and called for a critical minerals finance facility to fund mines and diversification.…
- Gold Fields Puts Question Mark Over Northern Star BidGold Fields said in its third-quarter update there is no certainty its proposed cash and share takeover of Northern Star Resources will proceed. The offer's implied value has slipped 15% to A$22.90 a share from A$27.00 when it was made on 14 September. Nedbank Securities said deals of this kind typically need premiums…
- Sibanye-Stillwater Slashes US Platinum Forecast After StrikeSibanye-Stillwater cut its 2026 US PGM production guidance to 245,000 to 255,000 oz from 280,000 to 300,000 oz after a five-week strike at the Stillwater mine and Columbus metallurgical complex. AISC guidance rises to US$1,700 to US$1,760/oz from US$1,520 to US$1,580/oz. Staffing sits about 25% below the planned 2027…
- Rio Tinto Approves $144 Million Investment to Advance Resolution Copper ProjectRio Tinto approved a US$144 million investment by Resolution Copper, with Rio's share at US$79 million, to advance the next phase of the Arizona project. The program funds feasibility studies and final design engineering for shaft material handling and water treatment, plus exploration drilling and underground…
- India Pushes to Triple Coal Stockpiles to Avert Summer BlackoutsIndia has asked coal miners and railways to triple stockpiles at power stations before next summer, lifting inventories from near 18 million tonnes to at least 55 million tonnes by the end of March. Stockpiles sit near a five-year low of about six days, against the roughly three weeks the government typically wants…
- AngloGold Ashanti Q3 30 September 2026 Earnings Release and Dividend DeclarationAngloGold Ashanti delivered US$722 million of third-quarter free cash flow, with EBITDA up 12% to US$1.57 billion on a received gold price of US$4,239/oz. Production of 696,000 oz kept full-year guidance of 2.8 million to 3.17 million oz intact, though AISC rose to US$2,170/oz from US$1,720/oz a year earlier. The…
- Entrée Resources Closes Oversubscribed $36.2 Million FinancingEntrée Resources closed an oversubscribed non-brokered placement of 12,485,300 units at C$2.90, raising C$36.2 million after lifting the raise by C$4.3 million on demand. Each unit carries a three-year warrant exercisable at C$3.95. Proceeds will fund an updated technical report on its Entrée/Oyu Tolgoi joint venture…
- Brunswick Upsizes Previously Announced LIFE Offering and Concurrent Private Placement for Gross Proceeds of Up to $20 MillionBrunswick Exploration lifted its Canaccord Genuity-led LIFE offering to up to C$17.8 million, comprising common shares at C$0.19 and charity flow-through shares at C$0.30. A concurrent non-brokered placement of flow-through shares at C$0.28 adds up to C$2 million. Closing is expected around 25 November, subject to a…
