Goldman Sachs lifts 2026 gold target to $5,400 an ounce
Goldman Sachs raised its December 2026 gold price forecast to $5,400 an ounce from $4,900 in a note dated 21 January 2026, days before gold hit an all-time high.
Category
Markets news
Every markets story we've published, newest first.
- 86
- 20
- 22 January 2026
Alphamin guides for record 20,000 tonnes of tin from Bisie in 2026
Alphamin Resources has guided for about 20,000 tonnes of contained tin production from its Bisie mine in the Democratic Republic of Congo in 2026, building on record 2025 output of 18,576 tonnes.
Kodal Minerals banks $21.3m as Mali's Bougouni lithium mine ships maiden cargo
Kodal Minerals received a $21.3m payment from Hainan Mining in December 2025 after Bougouni's maiden 28,950-tonne spodumene shipment departed Cote d'Ivoire's San Pedro port for China on 30 November 2025.
US, DBSA lend $753m to fast-track Lobito Corridor rail line for Congo and Zambia copper
The US International Development Finance Corporation signed a $553m loan on 17 December 2025 as part of a $753m package, with the Development Bank of Southern Africa, to rehabilitate Angola's Benguela railway and Lobito port for Copperbelt exports.
FG Gold closes $330m financing for Sierra Leone's first large-scale gold mine
FG Gold, the Africa Finance Corporation and Afreximbank achieved financial close on a $330m senior debt package for the Baomahun gold project on 1 December 2025, paving the way for Sierra Leone's first large-scale commercial gold mine.
Manganese oversupply from South Africa keeps prices under pressure
Manganese ore prices stayed under pressure through 2025 and into 2026 as oversupply, driven partly by strong South African and Gabonese exports, left about six million tonnes stockpiled at Chinese ports.
ICSG warns of copper deficit swing for 2026
The International Copper Study Group forecast a 2025 surplus giving way to a 150,000-tonne deficit in 2026, a call that anticipated the tight market later blamed for record prices.
Qatar's sovereign fund takes $500m stake in Ivanhoe Mines
Ivanhoe Mines closed a $500m strategic private placement with the Qatar Investment Authority on 29 September 2025, giving the sovereign wealth fund roughly 4% of the company behind the Kamoa-Kakula and Kipushi mines.
B2Gold sanctions Antelope underground expansion at Namibia's Otjikoto mine
B2Gold approved development of the Antelope underground deposit at its Otjikoto mine in Namibia on 15 September 2025, after cutting the pre-production capital estimate to $105m from $129m.
First Quantum drops plan to sell stakes in Zambian copper mines after balance-sheet turnaround
First Quantum Minerals abandoned plans to sell minority stakes in its Kansanshi and Sentinel mines in Zambia, its CEO said on 25 August 2025, after a $500m Jiangxi Copper prepayment and an earlier $1bn Royal Gold stream eased balance-sheet pressure.
Trump exempts gold bars from tariffs after Swiss customs scare
A US customs ruling that 1kg and 100oz gold bars from Switzerland were subject to tariffs briefly unsettled bullion markets, until Trump said gold would not be tariffed.
First Quantum raises $1bn from Royal Gold in Kansanshi gold-streaming deal
First Quantum Minerals agreed on 5 August 2025 to a $1bn gold stream with Royal Gold referenced to copper production at its Kansanshi mine in Zambia, providing non-dilutive funding as it expands the operation.
Trump's 50% copper tariff jolts global trade flows
President Trump's proclamation of a 50% tariff on semi-finished copper imports, effective 1 August 2025, triggered a scramble to ship metal into the US and tightened supply elsewhere.
Bushveld Minerals collapses into liquidation, ending vanadium miner's AIM listing
Bushveld Minerals was placed into liquidation on 15 April 2025 after running out of funds, setting up its delisting from London's AIM market once its nominated adviser resigned.