Hedge funds boost bullish wagers on gold to four-year high Hedge funds and other large speculators boosted net-long positions by 7.8%. Bloomberg News | August 23, 2024 | 2:56 pm
Traders stuck in LME queue vent fury at warehouse’s fee hike The company’s warehouses at Port Klang in Malaysia have become the focal point for the aluminum market, holding more than three quarters of LME stocks. Bloomberg News | August 23, 2024 | 10:19 am
Investors rush into uranium miners on Kazakh production outlook Investors are plowing into miners of the nuclear reactor fuel after Kazatomprom released guidance that fell short of expectations. Bloomberg News | August 23, 2024 | 8:30 am
World’s top cobalt producer expects supply pressures to ease Growth in global supply should gradually moderate, according to CMOC. Bloomberg News | August 23, 2024 | 7:55 am
Gold Fields slumps after cutting output target for second time Gold Fields' profit slumped to $320.7 million in the first half of this year, compared with about $458 million last year. Bloomberg News | August 23, 2024 | 7:40 am
Copper is flooding into US as flash-squeeze chaos reverberates The huge dislocation between global prices saw the US import about 91,000 tons in July alone, the third-largest monthly amount in the last decade. Bloomberg News | August 22, 2024 | 7:54 am
Northvolt’s $20 billion battery plan suffers summer of setbacks On Tuesday, the Swedish electric-vehicle battery maker closed down a Californian unit, Cuberg, that it acquired only three years ago. Bloomberg News | August 21, 2024 | 3:10 pm
Wild first half for metals drives big jump in LME earnings HKEX said core earnings from its commodities unit jumped by 82% from a year earlier. Bloomberg News | August 21, 2024 | 2:19 pm
Argentina to sign deal with US to boost metals mining The Minerals Security Partnership already includes 14 countries and the European Union. Bloomberg News | August 21, 2024 | 9:52 am
China’s exports of critical minerals recover after curbs imposed Overseas sales of gallium, germanium and graphite show a spike in the month that preceded export controls as buyers stocked up. Bloomberg News | August 21, 2024 | 9:38 am
Chinese zinc smelters meet to mull output cuts to stem losses Demand in China is also weak due to a crisis among customers in the steel industry. Bloomberg News | August 21, 2024 | 9:29 am
Peabody rises after Thomist takes stake, suggests buybacks Thomist suggested to Peabody management that the company should use some of its $1.45 billion cash balance to repurchase stock. Bloomberg News | August 21, 2024 | 9:25 am
