WisdomTree ESG funds with fossil fuels draw $4 million SEC fine

WisdomTree touted three funds with an environmental, social and governance strategy that excluded certain “controversial products or activities,” according to the regulators.

Bloomberg News | October 21, 2024 | 3:43 pm

China’s steel demand has shrunk to less than half global total

China will account for less than half of global steel consumption in 2024 for the first time in six years, according to the World Steel Association.

Bloomberg News | October 21, 2024 | 11:18 am

Metals drop on higher dollar; traders weigh China lending help

The reductions in two key rates were larger than economists had expected.

Bloomberg News | October 21, 2024 | 7:04 am

Zambia pursues deals with investors to develop mining permits

The nation has an ambitious plan to more than quadruple production by early next decade.

Bloomberg News | October 21, 2024 | 6:35 am

Gold price hits fresh record, silver at 12-year high

Gold futures may rise to average $3,000 an ounce in the fourth quarter of 2025, analyst said.

Bloomberg News | October 21, 2024 | 4:19 am

World’s top ruby mine in Mozambique stormed after ‘fake’ notice

About 300 people invaded a pit at the Montepuez ruby mine in northeastern Mozambique on Sunday.

Bloomberg News | October 20, 2024 | 4:49 pm

Australia’s MinRes probes payments to tycoon founder

Chris Ellison, who has a large stake in the miner, said that the company set up offshore entities more than 20 years ago that supplied Mineral Resources with mining equipment.

Bloomberg News | October 20, 2024 | 4:46 pm

Congo’s state miner bids for Trafigura-backed cobalt projects

The bid comes amid opposition from the government regarding a sale to China’s Norin Mining.

Bloomberg News | October 18, 2024 | 10:06 am

Gold price tops $2,700 for first time to extend record-breaking run

Bullion climbed as much as 0.8% to $2,714.10 an ounce, beating the all-time high set in the previous session.

Bloomberg News | October 18, 2024 | 8:42 am

Indonesia controls nickel ore supply to balance weak demand

Nickel smelters in the country responsible for more than half of world production are enduring a shortage of ore due to government licensing issues.

Bloomberg News | October 18, 2024 | 7:53 am

Indonesia looks to next phase for nickel industry as fixer-in-chief bows out

The new administration will have to navigate institutional hold-ups, cut red tape and protectionist measures and campaign for continued disclosure.

Bloomberg News | October 17, 2024 | 3:29 pm

Indonesia forms $1.2 billion battery venture with China’s CATL

The project in Karawang, West Java, aims to scale up battery production to 15 gigawatts a year.

Bloomberg News | October 17, 2024 | 12:13 pm

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