Copper’s contango widest since at least 1994 as inventories rise The cash contract changed hands at a discount of $70.10 a ton to three-month futures on the LME on Monday. Bloomberg News | September 27, 2023 | 2:43 pm
Vedanta preparing to de-merge sprawling operations Shares in Vedanta Ltd. have fallen by more than a fifth over the past 12 month. Bloomberg News | September 27, 2023 | 11:49 am
US-China tensions boost prospects for Mexico copper smelter plan Southern Copper is considering spending $1 billion-plus on a new smelter in Empalme, Sonora state. Bloomberg News | September 27, 2023 | 10:32 am
Trafigura gets $500 million to buy Saudi’s non-crude commodities The three-year deal gives Trafigura a big new chunk of credit tor trading at a time when energy prices are rising again. Bloomberg News | September 27, 2023 | 9:07 am
China’s gold prices surge, hitting a record against the world On Wednesday, an ounce of gold in Shanghai cost $2,007, about 6% higher than the price in London or New York. Bloomberg News | September 27, 2023 | 8:43 am
Europe lines up African minerals pacts to ease reliance on China The European Union is finalizing partnerships with the DRC and Zambia to boost local industries. Bloomberg News | September 27, 2023 | 7:53 am
Glencore and Seriti weigh job cuts in South Africa due to ‘dire’ train situation Transnet has been hobbled by sabotage, cable theft and aging equipment. Bloomberg News | September 27, 2023 | 7:45 am
Peru is approaching peak copper — for now — as new mines stall Output from the world’s biggest copper supplier after Chile this year jumped 20% through July from the same period in 2022. Bloomberg News | September 26, 2023 | 5:53 pm
Lithium boom in Argentina hinges on politics, Zijin unit says Argentina is currently the fourth-biggest producer of lithium. Bloomberg News | September 26, 2023 | 4:00 pm
Short sellers mount attack on ESG stocks bloated from green hype Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus. Bloomberg News | September 26, 2023 | 3:02 pm
India spat spills over into boardroom of Canadian potash firm Karnalyte Resources abruptly canceled plans to meet with its Indian board members this week. Bloomberg News | September 26, 2023 | 2:35 pm
Peru to keep copper and investments flowing with unrest in check The blockades that disrupted copper shipments and mine supplies late last year and early this year have been cleared. Bloomberg News | September 26, 2023 | 2:22 pm