Embattled London Metal Exchange is headed into yet another fight

The London Metal Exchange has faced a firestorm of criticism this year, and it’s about to get even worse.

Bloomberg News | October 24, 2022 | 12:53 pm

Brokers balk as nickel tycoon seeks to add to LME short position

Tsingshan is talking to brokers about starting to increase its position on the London Metal Exchange as a hedge for its own nickel output.

Bloomberg News | October 24, 2022 | 9:43 am

Jokowi’s metals downstreaming push leads to record FDI surge

Foreign-direct investments into Indonesia surged by the most on record, driven by the metals industry.

Bloomberg News | October 24, 2022 | 9:38 am

China’s billion-dollar cash-for-copper trade grinds to a halt

The Chinese copper market is at its tightest in more than a decade as traders pay massive premiums for immediate supplies.

Bloomberg News | October 24, 2022 | 9:13 am

Copper buyers want longer-term deals on supply concerns, Codelco says

The Chilean state-owned company recently signed some contracts for three to five years with customers in Europe, in contrast to the more standard annual deals.

Bloomberg News | October 24, 2022 | 9:02 am

Copper tech firm Jetti raises funds at $2.5 billion value

Jetti tapped existing investors as well as new backers at a valuation that’s about double its last raise.

Bloomberg News | October 24, 2022 | 8:18 am

UK prosecutors implicate 11 Glencore employees in bribery probe

The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution.

Bloomberg News | October 24, 2022 | 7:39 am

Giant gold mine in South Africa emulates Toyota to boost profit

Gold Fields looked at Toyota’s processes in a bid to turn South Deep into a so-called tier 1 mine.

Bloomberg News | October 23, 2022 | 10:16 am

Australia joins pledge to cut methane emissions 30% by 2030

The cheapest way for Australia to reduce methane emissions is to reduce leaks from coal mines, according to a recent analysis.

Bloomberg News | October 23, 2022 | 9:53 am

De Beers to offer sweeter terms as diamond market shows strain

De Beers has told customers in a memo that it would be doubling the size of its so-called buyback process.

Bloomberg News | October 21, 2022 | 3:21 pm

Rare pink diamond of 170 carats to go on sale this month

The 170-carat “Lulo Rose” may be the largest recovered in the last three centuries, Lucapa Diamond said in July.

Bloomberg News | October 21, 2022 | 3:11 pm

Rio Tinto seeks pitches from bankers for lithium deals in battery metal foray

Rio Tinto is the only one of the world’s biggest diversified miners looking to start mining lithium.

Bloomberg News | October 21, 2022 | 10:32 am

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