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opinion
First Quantum’s Panama saga shows Canada must treat copper, a vital metal, more seriously
Heather Exner-Pirot
energy and resources
Exxon Mobil to start lithium production for EVs in the U.S. by 2027
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
investment ideas
China’s strong metal imports not as bullish as they seem
Andy Home
canada
Saint John, N.B., scrapyard fire contained and shelter-in-place advisory lifted, mayor says
The mayor of Saint John, N.B., says a fire at a recycling plant in the city is contained and the shelter-in-place advisory has been lifted. Firefighters battle a blaze on Thursday, Sept. 14, 2023, at a metal recycling yard along the harbour in Saint John. THE CANADIAN PRESS/Michael Hawkins
economy
Canadian manufacturing sales up 1.2% to $72.9-billion in May
A seeding rig is readied to plant a canola crop on a farm near Cremona, Alta., Tuesday, May 16, 2023. Statistics Canada says manufacturing sales rose 1.2 per cent to $72.9 billion in May after declining 0.1 per cent in April. THE CANADIAN PRESS/Jeff McIntosh
energy and resources
Mine waste could become some of ‘new resources of the future’ for critical minerals, executive says
Ore is hauled from the Kennecott's Bingham Canyon Copper Mine Wednesday, May 11, 2022, in Herriman, Utah. Rio The Utah copper mining company will begin manufacturing, tellurium, a rare mineral used in solar panels that used to be discarded along with the other mine tailings. The company says it is one of two in the U.S. to produce the tellurium, which is listed as a “critical mineral” by the U.S. government. (AP Photo/Rick Bowmer)
report on business
Yukon government takes over Minto Mine after company ceases operations
Sherwood Copper's Minto Project near Pelly Crossing, Yukon Territory. Ian Stewart for The Globe and Mail Story details: from Sherwood's website - The Minto Mine is a high grade copper-gold mine that commenced commercial production on October 1, 2007. It is located 240km north of Whitehorse, Canada, and is owned 100% by Minto Explorations Ltd., a wholly owned subsidiary of Sherwood Copper Corporation. The Minto Mine is an open pit operation with conventional crushing, grinding, and flotation to produce copper concentrates with significant gold and silver credits. Concentrates are exported via the Port of Skagway, Alaska, to smelters in Asia for treatment and sale.
report on business
Centerra Gold reports US$73.5-million Q1 loss compared with profit a year earlier
Centerra Gold Inc. reported a US$73.5-million loss in its first-quarter compared with a profit of US$89.4 million in the same quarter last year. A view of the Kumtor gold mine, in Kumtor 350 kilometers east of Bishkek, Kyrgyzstan, Friday, May 28, 2021. THE CANADIAN PRESS/AP-Vladimir Voronin
style advisor
Maker’s marks: Why human touch still matters in design
technology
Apple to use only recycled cobalt in batteries by 2025
FILE PHOTO: Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts
report on business
Peru will mine more copper in 2023, lithium permits pending
Peruvian Minister of Energy and Mining, Oscar Vera (L), speaks during a press conference with representatives of foreign press in Lima on April 10, 2023. - Vera presented his sector's situation after the period of social and political instability that rocked the country following the ousting of President Pedro Castillo and the subsequent reactions to the swearing of his Vice President Dina Boluarte as the new President, and future outlook in the mining sector. (Photo by Cris BOURONCLE / AFP) (Photo by CRIS BOURONCLE/AFP via Getty Images)
u.s. business
U.S. judge dismisses proposed class action against L’Oreal over ‘Paris’ product labels
FILE PHOTO: Staff members work at a counter of cosmetics brand L’Oreal at a shopping mall in Beijing, China November 18, 2021. REUTERS/Tingshu Wang/File Photo
world
One killed, a dozen injured after blast at Ohio factory scatters molten debris, starts fire
Firefighters begin to pack up gear at the I. Schumann & Co. metals plant after an explosion at the factory in Bedford, Ohio, U.S., February 20, 2023. REUTERS/Aaron Josefczyk
report on business
Project Arrow, the first all-Canadian electric vehicle, makes its domestic debut
The Arrow electric vehicle is unveiled at the 2023 Toronto International Auto Show, in Toronto, on Thursday Feb. 16, 2023. (Christopher Katsarov/The Globe and Mail)
life
This month’s home and garden news: Artful lighting, raising the bar on cocktail hour and cozy interiors
Caesarstone Porcelain 2023 - 501_Snowdrift_501_Snowdrift Known for its indoor and outdoor quartz countertops, Caesarstone (caesarstone.ca) has added porcelain and natural stone to its portfolio of surfaces
investment ideas
Gold prices seen rising toward record highs as rate rises near end
Gold bars are pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020.
canada
Friendly rivals: With EV tensions in past, Canada poised to compete with United States
Prime Minister Justin Trudeau speaks at the General Motors CAMI production plant in Ingersoll, Ont., on Monday, December 5, 2022. With cross-border auto tensions now in the rear-view mirror, Prime Minister Justin Trudeau is talking about Canada’s next big bilateral challenge: head-to-head economic competition with the United States.THE CANADIAN PRESS/Nicole Osborne
top links
The two biggest risks for equity markets in 2023, according to BofA Securities
Traders work on the floor of the New York Stock Exchange during morning trading on Dec. 2.
on commodities
Russian aluminum still flowing into the London Metal Exchange
Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Russia October 3, 2018. REUTERS/Ilya Naymushin
investment ideas
Metal markets brace for a downturn of a different kind
An employee works at a electricity cable factory in Baoying, Jiangsu province, July 23, 2006.
investment ideas
Copper today, aluminum tomorrow? LME’s Russian dilemma
Aluminum ingots are stacked at Mitchell Aerospace, Inc., a manufacturer of light alloy sand castings for the aerospace industry, in Montreal on Sept. 8.
report on business
Rio Tinto, Ottawa to invest $737-million in titanium and scandium project in Quebec
FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo
report on business
Noront to be renamed Ring of Fire Metals as Wyloo pushes to build EV nickel mine in Ontario’s Far North
The Esker mining camp owned by Ring of Fire Metals.The date of the picture was Sept 2022. Credit is Ring of Fire Metals.
economy
Canadian factory sales fall 0.9% in July due to decreases in metals, petroleum
GM workers place vehicle truck fenders on a rack at the General Motors assembly plant during the COVID-19 pandemic in Oshawa, Ont., on Friday, March 19, 2021. THE CANADIAN PRESS/Nathan Denette
energy and resources
Rio Tinto closes in on acquisition of Canadian copper miner Turquoise Hill, but uncertainty swirls around minority shareholder approval
KHANBOGD-SOUTH GOBI DESERT, MONGOLIA - OCTOBER 11: An overall view of the concentrator and surrounding area at the Oyu Tolgoi mine October 11, 2012 in the south Gobi desert, Khanbogd region, Mongolia. The Oyu Tolgoi (Mongolian for Turquoise Hill) copper and gold mine is a combined open pit and underground mining project. The site, discovered in 2001, is located approximately 550 km south of the Mongolian capital, Ulan-Batar in the South Gobi Desert. Turquoise Hill Resources (Formerly Ivanhoe Mines) and Rio Tinto signed a long-term comprehensive investment agreement with the Government of Mongolia in 2009 with the deal awarding Turquoise Hill Resources, whose majority shareholder is Rio Tinto, with a controlling 66 percent interest and The Mongolian Government with a 34 percent interest in the project. Rio Tinto provided a comprehensive financing package and assumed direct management of the project under an agreement with Ivanhoe Mines. Initial production from open pit mining is currently underway and commercial production is planned to start in first half of 2013. An 85million USD investment was earmarked for education and training projects, with Mongolians expected to constitute 90 percent of the work force when production begins in 2013. When Oyu Tolgoi starts fully operating Mongolia will be set to become one of the world's top copper and gold producers with production estimates of 450,000 tons of copper and 330,000 ounces of gold annually. Mongolia is currently the world's fastest growing economy with its GDP increasing by more than 17 percent last year and an estimated $1.3 trillion in untapped mineral resources. Oyu Tolgoi is Mongolia's largest foreign investment project and the country's biggest economic undertaking to date, which is projected to add one-third of future value to the country's GDP by 2020. (Photo by Paula Bronstein/Getty Images)
canada
Toxic chemicals commonly found in dollar store items, testing shows
Customers entering and exiting the Dollarama store on Front St. East, are photographed on Dec 4 2019.
report on business
JX Nippon Mining & Metals buys Mississauga-based eCycle Solutions as recycled metal demand jumps
Barrie, November 06/ 06 - A pile of broken up electric and electrical boards on their way to be recycled for precious metals at Global Electric Electronic Processing Inc. in Barrie, Ontario, Canada. Deborah Baic /The Globe and Mail 06/11/06
home of the week
An award-winning laneway home in Summerhill
Home of the Week, 40R Shaftesbury Ave., Toronto.
world
South Korea develops nanotech tattoo as health monitoring device
Steve Park, Materials Science & Engineering professor at Korea Advanced Institute of Science and Technology (KAIST), demonstrates an electronic tattoo (e-tattoo) on his arm connected with an electrocardiogram (ECG) monitoring system in Daejeon, South Korea, July 26, 2022. REUTERS/Minwoo Park
opinion
Metals melt down as recession fears overwhelm supply woes
Andy Home
energy and resources
Elliott Associates sues LME for $456-million over nickel trading halt: HKEX
FILE PHOTO: The offices where the London Metal Exchange is headquartered are seen in the City of London, Britain, January 18, 2018 REUTERS/Peter Nicholls
investment ideas
Shrinking stocks likely mean more LME metal price volatility
FILE PHOTO: Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. REUTERS/Simon Dawson
opinion
Investors spooked as gloom grips markets
Katie Martin
globe advisor weekly newsletter
Micro-cap miners doing ‘bulk of exploring’ set to benefit from flow-through shares credit
A mosasaur fossil, has been discovered at the KORITE mine south of Lethbridge, Alberta shown on Wednesday, May 11, 2022. THE CANADIAN PRESS/David Rossiter