You can now buy gold bars from vending machines in South Korea The machine at GS Retail Co.’s convenience store sells gold bars from as big as 37.5 grams (1.32 ounces) to as small as less than 1 gram. Bloomberg News | June 5, 2024 | 3:08 pm
Aluminum producer Novelis hits pause on $945 million US IPO Novelis had planned to sell 45 million shares for $18 to $21 each, and Hindalco would have owned about 92.5% of the company after the IPO. Bloomberg News | June 5, 2024 | 9:16 am
China’s unusually large copper stockpiles fuel demand concerns Stockpiles of the metal held in Shanghai Futures Exchange warehouses ended last week well above 300,000 tonnes. Bloomberg News | June 5, 2024 | 7:59 am
Traders are desperate for copper deals and miners are cashing in Recent moves by cash-flush energy traders are raising tensions and sparking a scramble for contracts. Bloomberg News | June 5, 2024 | 7:25 am
Glencore said to weigh selling stake in Kazakh miner Kazzinc The company has already sold zinc assets in Peru, and some of its smaller copper operations. Bloomberg News | June 5, 2024 | 7:13 am
EU asks Germany to add backstop to €1.8 billion coal exit payout A state payment of as much as €1.2 billion to an entity of Czech billionaire Daniel Kretinsky’s EPH Group has been preliminarily passed by the European Commission. Bloomberg News | June 4, 2024 | 1:08 pm
Chile lithium project attracting plenty of interest, Enami says The early-stage Altoandinos project is part of President Gabriel Boric’s agenda to open up new areas to lithium extraction in a bid to double output. Bloomberg News | June 4, 2024 | 10:44 am
Bravura expects to begin Zimbabwe lithium production in 2025 The miner remains committed to commissioning the Kamativi lithium tailings project despite the weak price of the battery metal. Bloomberg News | June 4, 2024 | 9:41 am
Trafigura settles billionaire Reuben brothers’ nickel fraud suit Last year, the trader revealed it had paid nearly $600 million for nickel only to discover that the cargoes contained worthless rubble. Bloomberg News | June 4, 2024 | 7:36 am
Copper price falls through $10,000 as exchange inventories keep rising Stockpiles on the Shanghai Futures Exchange have climbed to the highest since 2020. Bloomberg News | June 4, 2024 | 7:30 am
BHP faces test of patience after $49 billion Anglo bid fails Over the coming months, copper deals are unlikely to be far from executives’ minds. Bloomberg News | June 4, 2024 | 7:27 am
De Beers ditches lab-grown diamonds as it looks beyond Anglo De Beers will turn its focus on so-called category marketing, where it promotes diamond jewelry in general rather than just its own branded gems. Bloomberg News | June 3, 2024 | 1:45 pm
