Elliott notches win with Suncor as shares rise to 16-year high Canada’s second-largest oil producer by market value said it boosted spending on share repurchases to 75% of its free funds flow this quarter. Bloomberg News | May 21, 2024 | 1:46 pm
Copper’s record rise steadies as demand signals challenge bulls Many participants in the physical trade have been warning that prices were running ahead of signals of underlying market conditions. Bloomberg News | May 21, 2024 | 9:50 am
China’s gold imports slow as record prices temper demand The precious metal’s allure has been further dimmed by warnings from China’s authorities over excessive speculation. Bloomberg News | May 21, 2024 | 9:28 am
Zimbabwe to start gold-tracing system in bid to curb smuggling Zimbabwe loses about $1.5 billion annually to smuggling of the precious metal. Bloomberg News | May 21, 2024 | 7:18 am
Southern Copper eyes start of stalled Peru mine project as soon as this year The company has had permits to build its Tia Maria project for years yet held back because of environmental opposition. Bloomberg News | May 21, 2024 | 7:05 am
Lithium miners shake up trading to tackle wild price swings Lithium prices are coming out of a boom-to-bust period that left in its wake an array of stalled projects, scrapped deals and production cuts. Bloomberg News | May 20, 2024 | 11:05 am
Energy mogul makes 100-year bet on Argentina’s mineral wealth Jose Luis Manzano has been snapping up mines and lithium-rich acreage in northern Argentina as well as tapping neighboring Brazil’s lithium valley. Bloomberg News | May 20, 2024 | 10:11 am
China’s SDIC in advanced talks for significant stake in Thai potash mine A deal for Asia Pacific Potash could be worth at least $400 million. Bloomberg News | May 20, 2024 | 9:47 am
South Korea said to build lithium reserves to aid battery sector Its trade ministry unveiled a plan in March to invest 241.7 billion won over the next three years to build warehouses for storage of critical minerals. Bloomberg News | May 20, 2024 | 9:32 am
Implats seals $500 million black investor deal This will result in black investors holding a 13% interest in the company and the Bafokeng business it acquired last year. Bloomberg News | May 20, 2024 | 9:21 am
Zimbabwe asks miners to ramp up gold output to support new currency Zimbabwe has been accumulating gold reserves at the central bank’s vaults to back the ZiG, short for Zimbabwe Gold. Bloomberg News | May 20, 2024 | 8:21 am
Copper price hits record above $11,000 on bets that shortage looms Several developments in 2024 have emboldened copper bulls and drawn in a rising tide of speculative money. Bloomberg News | May 20, 2024 | 8:09 am
