Hedge funds ramp up copper bets as supply shocks reverberate Funds including Tribeca Investment Partners, Terra Capital and Anaconda Invest all say the supply dynamics support price increases in 2024. Bloomberg News | February 1, 2024 | 8:04 am
Gold demand to hit record with central bank buying, WGC says Overall consumption climbed by about 3% to 4,899 tons last year, supported by strong demand in the OTC market, the World Gold Council says. Bloomberg News | January 31, 2024 | 10:10 am
Trafigura-backed nickel mine seeks new partner for bailout The trading giant declined to contribute more funds as part of a French government rescue package for the New Caledonian mining industry. Bloomberg News | January 31, 2024 | 10:04 am
Metals sanctions are dividing the biggest traders and banks The latest UK sanctions on Russia are creating new fault lines across the global metals world. Bloomberg News | January 31, 2024 | 8:37 am
Endeavour wins ruling to end strike at Burkina Faso gold mine The court issued an interim ruling on Tuesday that instructs “the expulsion of protesters” from the Hounde project. Bloomberg News | January 31, 2024 | 8:25 am
Rob McEwen seeks $100 million for Argentina copper mine as Milei boosts prospects The idea is to secure fresh funds within six months for feasibility and engineering work at the Los Azules project. Bloomberg News | January 30, 2024 | 10:19 am
Europe can’t compete as a hub for green hydrogen, Fortescue says The company will likely make final investment decisions on green hydrogen initiatives in northeastern Brazil and Norway this year. Bloomberg News | January 30, 2024 | 10:11 am
Vale cranks up iron mining just as demand concerns resurface The Brazilian mining giant is accelerating production, posting its best December in five years. Bloomberg News | January 30, 2024 | 9:56 am
Lithium miners warn on plunging profits after price freefall Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry. Bloomberg News | January 30, 2024 | 8:20 am
Global clean energy spending surges to $1.8 trillion. It’s not enough Total spending surged 17% last year to $1.8 trillion in installing renewable energy, buying electric vehicles, building hydrogen production systems and deploying other technologies Bloomberg News | January 30, 2024 | 7:19 am
US to rescind Venezuela gold license after opposition candidate barred The operations authorized in the license had been issued in October alongside others on oil and gas production. Bloomberg News | January 29, 2024 | 4:27 pm
Battery metal bust spurs output cut at leading lithium project Production from Greenbushes in Western Australia is likely to be reduced as sales drop and inventories rise. Bloomberg News | January 29, 2024 | 9:58 am
