Metal trader misery undercuts supercycle hype as losses pile up The world’s metal traders are enduring one of their toughest periods in years. Bloomberg News | October 8, 2023 | 11:35 am
UK risks losing out to Europe in hydrogen energy race In 2021, the UK set out a bold ambition to become a ‘global leader in hydrogen’ by 2030 but lack of clarity on subsidies is delaying project approval. Bloomberg News | October 7, 2023 | 12:06 pm
LME seeks to move on from nickel crisis as traders return It’s been 19 months since Matthew Chamberlain responded to a runaway short squeeze by suspending the world’s benchmark nickel market and cancelling $12 billion of trades. Bloomberg News | October 7, 2023 | 11:42 am
Iron ore billionaire’s lithium raid leaves investors guessing “Investors seem keen to know Rinehart’s plan,” Seth Goldstein, an equity strategist at Morningstar, said. Bloomberg News | October 6, 2023 | 3:36 pm
Electric vehicles are fueling Indonesia’s green IPO boom In a country blessed with natural resources, the vast bulk of IPOs this year came from expansion-minded metals companies. Bloomberg News | October 6, 2023 | 2:03 pm
Out-of-favor gold attractive as risks mount, Nikko AM says There’s a “decent chunk” of gold at around 6% to 8% of the Japanese portfolio, says Nikko's global head of multi-asset. Bloomberg News | October 6, 2023 | 9:50 am
China’s giant iron ore buyer starts supply talks with top miners The group is seeking preferential terms on transport, grades and delivery arrangements. Bloomberg News | October 6, 2023 | 9:43 am
China’s grip on germanium gets challenged by new Congo plant China restricted exports of the metal in August amid an escalation of trade war on technology with the US and Europe. Bloomberg News | October 6, 2023 | 9:28 am
BHP plans to keep its remaining coal after completing mine sales Efforts to divest BHP’s interests in the Daunia and Blackwater sites in Queensland are ongoing. Bloomberg News | October 5, 2023 | 2:39 pm
Chinese lithium plunge has created huge discount to US prices The spread offers traders an opportunity to make money, but also highlights just how bearish the outlook is in the top EV producer. Bloomberg News | October 5, 2023 | 2:14 pm
Codelco loses CFO in latest blow to world’s top copper miner Alejandro Rivera resigned as CFO a day after Codelco’s investment-grade credit rating was cut one notch by Moody’s. Bloomberg News | October 5, 2023 | 11:29 am
Aurubis to keep European copper premium at record high next year The company has told customers it will keep the surcharge at $228 a ton, ahead of the start of annual supply negotiations next week. Bloomberg News | October 5, 2023 | 9:29 am