Today: 3 May 2026
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Mining Industry 26 January 2026 - 27 January 2026

Vale S.A. stock jumps 4%, but Brazil suspends permits at two iron ore units

Vale S.A. stock jumps 4%, but Brazil suspends permits at two iron ore units

Vale S.A.’s U.S. shares rebounded 4% to $16.34 midday after halting two Minas Gerais iron ore units due to water overflows that led to permit suspensions. The overflow reached the Maranhao River, causing environmental damage and flooding a CSN site. Vale said only sediment-laden water was released, not tailings. The company reaffirmed its 2026 iron ore guidance and will report Q4 results Feb. 12.
Hecla Mining stock slides as Casa Berardi sale and 2026 outlook sink in

Hecla Mining stock slides as Casa Berardi sale and 2026 outlook sink in

Hecla Mining shares fell 6.8% to $27.93 Tuesday after announcing the $593 million sale of its Casa Berardi gold mine to Orezone Gold. The deal includes $160 million in cash and the rest in shares and contingent payments, with closing expected in Q1 2026. Hecla also released 2026 guidance, projecting silver output of 15.1–16.5 million ounces and a capital budget up to $279 million.
Rio Tinto share price slips as Glencore deadline nears and HSBC turns cautious

Rio Tinto share price slips as Glencore deadline nears and HSBC turns cautious

Rio Tinto shares fell 0.8% to 6,622 pence in early London trading Tuesday after HSBC downgraded the stock to “hold.” The move comes as Rio faces a Feb. 5 deadline to announce its intentions in merger talks with Glencore. Iron ore futures slipped in Asia, adding pressure. Perpetual Limited disclosed a 2.03 million share stake in Rio as part of ongoing regulatory filings.
Sandfire Resources share price jumps 3% after Australia Day break; what ASX:SFR investors watch next

Sandfire Resources share price jumps 3% after Australia Day break; what ASX:SFR investors watch next

Sandfire Resources rose 3.4% to A$19.71 Tuesday, nearing its 52-week high as materials stocks led the ASX 200 up 0.9% after the holiday break. The company maintained its FY26 copper output forecast and reported $13 million net cash at year-end. Key events ahead include a Feb. 6 shareholder vote on its Kalkaroo acquisition and half-year results due Feb. 19.
Newmont stock price: why NEM rose as gold tops $5,100 and Scotiabank lifts target to $152

Newmont stock price: why NEM rose as gold tops $5,100 and Scotiabank lifts target to $152

Newmont shares rose 1.3% to $125.92 in after-hours trading Monday as gold prices hit a record $5,100 an ounce. Trading volume reached about 13.1 million shares. Scotiabank raised its price target for Newmont to $152, citing economic uncertainty and higher gold forecasts. The company’s Boddington mine in Australia resumed operations at reduced capacity after bushfires, with a Q1 production shortfall expected.
Almonty Industries stock jumps in New York as tungsten supply anxiety keeps building

Almonty Industries stock jumps in New York as tungsten supply anxiety keeps building

Almonty Industries shares rose about 6% to $11.79 Monday after an SEC filing revealed a 2026 tungsten delivery contract tied to its Panasqueira mine in Portugal. Trading volume topped 8.8 million. The move comes as U.S. defense rules and Chinese export limits push investors to seek non-Chinese tungsten sources. Most contract pricing and volumes remain undisclosed.
Buenaventura (BVN) stock jumps as gold tops $5,100 — what to watch next

Buenaventura (BVN) stock jumps as gold tops $5,100 — what to watch next

Buenaventura shares jumped 6.5% to $39.52 Monday after gold prices surged past $5,100 an ounce, setting a new record. Silver also hit an all-time high above $117 an ounce. Traders are watching the Federal Reserve’s January 27–28 meeting for signals on rates. Buenaventura’s San Gabriel project in Peru recently produced its first doré bar during commissioning.
Vale stock slides on Fabrica mine overflow in Brazil; what investors watch next

Vale stock slides on Fabrica mine overflow in Brazil; what investors watch next

Vale shares fell 1.6% in U.S. trading Monday after a water-and-sediment overflow at its Fábrica mine in Minas Gerais reached a competitor’s facilities and local streams. Vale reported no injuries and said the incident was unrelated to its dams, keeping production guidance unchanged. Rival miners Rio Tinto and BHP rose up to 2%. Local officials confirmed a second overflow at Vale’s Viga mine within 24 hours.
Hecla Mining stock pops on $593 million Casa Berardi sale as silver hits records

Hecla Mining stock pops on $593 million Casa Berardi sale as silver hits records

Hecla Mining shares rose 5.6% to $33.59 after announcing the sale of Casa Berardi for up to $593 million. Silver prices hit a record high, jumping 6% on the day. Hecla reported 2025 silver output at 17 million ounces, with 2026 guidance set between 15.1 million and 16.5 million ounces. The company expects to close the Casa Berardi deal in the first quarter of 2026.
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Stock Market Today

  • West Bengal Elections and Nifty Trading: Analysts Advise Caution Amid Political Noise
    May 3, 2026, 8:19 AM EDT. Indian equities face pressure as Nifty hovers just below 24,000 amid elevated crude oil prices and persistent foreign institutional investor (FII) selling. FIIs offloaded Rs 70,100 crore in April, driven by a weak rupee and rising US yields; domestic institutions partially offset this with Rs 51,000 crore in inflows. With elections in West Bengal, Assam, Tamil Nadu, Kerala and Puducherry, experts advise caution. Analysts highlight that state elections typically create short-lived market noise rather than lasting trends. Brent crude at above $113 per barrel may influence markets more than election results. Expected Nifty moves range between 1% to 1.5% depending on outcomes; investors are advised not to chase sharp opening moves and to focus on earnings, liquidity, and global cues.

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 03.05.2026

3 May 2026
Rivian shares fell 8.4% to $15.02 after first-quarter results beat expectations, as investors focused on cash burn and profitability concerns. Trading volume jumped 78% above average. The company plans to ramp up R2 SUV production in Georgia to 300,000 units annually. Tesla and Lucid Group shares both rose more than 2%.
Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

3 May 2026
Vertiv shares hit a 52-week high Friday before closing at $328.31, following a 30% jump in Q1 net sales to $2.65 billion. The company raised its 2026 outlook and recently acquired Strategic Thermal Labs, expanding its liquid cooling portfolio. Investors await further details at Vertiv’s May 19-20 conference in South Carolina.
AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

3 May 2026
AT&T closed a $6 billion sale of long-dated notes on April 30, with maturities ranging from 2033 to 2066, according to an SEC filing. The company reported first-quarter free cash flow of $2.5 billion, down from $3.1 billion a year earlier, citing higher capital investment. AT&T is preparing to close a $23 billion purchase of EchoStar spectrum licenses. CFO Pascal Desroches said net debt to adjusted EBITDA rose to 2.71 times.
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