Rich Asian investors are hot on gold, offsetting jewelry slump In the April to June period, purchases in the difficult-to-track OTC market totaled 329.2 metric tons, WGC says. Bloomberg News | July 30, 2024 | 10:08 am
Guinea cuts president’s term to five years in draft constitution In addition to being the world’s top exporter of bauxite, Guinea also has the world’s largest untapped iron ore deposit. Bloomberg News | July 30, 2024 | 8:44 am
Funds cut copper bets by $20 billion as bull trade unravels Mounting worries about Chinese demand are helping to spark a rapid exodus from copper. Bloomberg News | July 30, 2024 | 7:08 am
Fortescue slumps as Capital Group sells $1.2 billion stake The trade represents about 100 million shares, representing around 3.2% of securities on issue. Bloomberg News | July 29, 2024 | 5:18 pm
Saudis see Codelco as good option for lithium partnership Codelco is navigating one of the most challenging periods in its nearly 50-year history after a series of setbacks at projects and mines. Bloomberg News | July 29, 2024 | 3:09 pm
Guinea’s Simandou iron ore project seen aiding climate goal “With an iron content of nearly 65% and few impurities, Simandou project will make Guinea a key player,” Rio says. Bloomberg News | July 29, 2024 | 2:58 pm
The future of deep sea mining hinges on a contentious election International Seabed Authority head incumbent Michael Lodge faces Leticia Carvalho, a Brazilian ocean scientist. Bloomberg News | July 29, 2024 | 8:31 am
Chinese bullion demand takes hit in risk to gold price rally Total demand for bullion fell almost 6% from a year earlier in the first half to 524 tons, the China Gold Council said. Bloomberg News | July 29, 2024 | 8:23 am
Gold, not dollar, is the best trump trade, survey shows Trump’s platform of tax cuts, tariffs and weaker regulation are viewed as inflationary on Wall Street. Bloomberg News | July 29, 2024 | 7:11 am
Anglo faces headwinds in keeping restructuring on track Anglo has been forced to accelerate its restructuring after successfully holding off a bid from BHP, the world’s biggest miner. Bloomberg News | July 26, 2024 | 2:30 pm
Teck draws M&A attention from big miners in rush for copper Teck is seen as a logical merger partner, in particular for Anglo American or Vale SA’s base-metals business. Bloomberg News | July 26, 2024 | 11:17 am
Indonesia trying to cut China stakes in new nickel projects The strategy could help the industry qualify for US government subsidies. Bloomberg News | July 26, 2024 | 7:18 am
