Iran private sector urges gov’t to reopen borders with Afghanistan

Iranian private sector representative in Afghanistan called on Iran’s Foreign Ministry on Wednesday to deploy economic councilors in Afghanistan and reopen joint borders between the two neighboring countries at the earliest. “Although trade between Iran and Afghanistan has resumed over the past three days, it is still unclear whether we can increase the volume of our trade with this country to $200 million a month or not,” Hossein Salimi told Iran Chamber newsroom. Salimi, the Chairman of Iran-Afghanistan Joint Chamber of Commerce, said that the border crossings between Iran and Afghanistan were closed over the past month due to insecurity and civil war in Afghanistan. Dogharoun border crossing reopened three days ago gradually resuming bilateral trade between Iran and Afghanistan, Salimi said, however noting that the two other gateways to Afghanistan are still closed. He said that Iran’s exchanges decreased from 150 trucks a day to and from Afghanistan to 12 trucks a day as the situation in the country worsened last month, and then the borders were actually closed for a while. Salami said that Currently, most of Iran’s exports to Afghanistan are food.Noting that the current level of bilateral trade is too low, he said, “I think we have to wait about another month for a government to be formed there. It can then be determined whether we can maintain our $2.5 billion of annual exports to Afghanistan.” Source: ICCMA

Iran private sector urges gov’t to reopen borders with Afghanistan

Copper slips as US data stokes worries about rate-cut policy

El Salvador sitting on $3 trillion worth of unmined gold, president says

Gold price could extend record run into 2025, Heraeus says

Trump tariff risk roils gold and silver as New York prices jump

Rio Tinto’s $2.5 billion lithium plan is a win for Milei

Copper price jumps on China policy, but we’ve been here before

Zimbabwe wants 26% free-carry stake in new mining projects

Glencore ties up with Cyclic Materials in copper recycling push

Lithium supply surplus set to stay with battery makers’ help

China tightens rules to curb methane emissions from coal mines

Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant

Arcadium Lithium investors sue miner over Rio Tinto takeover

Skeena advances Eskay Creek permitting, unlocks Orion funding

US foreign investment panel split on Nippon-US Steel deal

Norge Mining acquires Europe’s largest natural graphite producer

Australia’s CEFC invests $75m in homegrown critical minerals

Forensic technology aids Brazil’s crackdown on illicit Amazon gold trade

Mobarakeh steel is producing green steel through scrap recycling

BHP seeks Brazil growth to emerge from shadow of mining disaster

Norilsk Nickel plans to sell all it produces in 2025