G7 plan to ban Russian diamonds to further dim industry sparkle

"The demand is bad but the outlook is good."

Zinc's early-year rally has quickly fizzled out as the market prices in a looming supply surge.

Amid such a backdrop, Bristow is keen to highlight that Barrick will invest more on its operations in the coming year.

Aluminum stocks in LME-registered warehouses have risen to 602,150 tonnes from 375,950 tonnes in mid-January.

Also weighing on gold, Fed officials said earlier this week that the US central bank will need to keep raising interest rates gradually.

The drop below key levels reflects bearish sentiment as China’s economic recovery hasn’t been as strong as expected.

High oil and coal prices helped the company to post a record annual profit.

Barrick would be open to taking over Newmont’s stake in the massive Nevada Gold Mines joint venture, CEO Mark Bristow said on Wednesday.

Until late October, the US bank had been helping to finance Trafigura’s nickel trades with companies linked to Indian businessman Prateek Gupta.