G7 plan to ban Russian diamonds to further dim industry sparkle But even before it is in force, producers say Western customers have been shunning gemstones from Russia. Reuters | October 30, 2023 | 10:08 am
Finland discovers rare earth minerals at the Sokli deposit Sokli is the world’s largest carbonatite deposit and could produce 10% of the REE needed annually in Europe. Staff Writer | October 30, 2023 | 9:34 am
Fortuna Silver wins another court decision in Mexico, has San Jose EIA reinstated In its ruling on Monday, the Federal Administrative Court dismissed the allegations contained in the annulment resolution. Staff Writer | October 30, 2023 | 9:18 am
Glencore cuts 2023 nickel guidance as strikes hit production The company has lowered its guidance for full-year nickel production by 9% to approximately 102,000 metric tons. Staff Writer | October 30, 2023 | 9:13 am
Gem Diamonds finds 117-carat diamond at Letseng The discovery of the white Type IIa rough diamond is a much-needed positive news for the miner, which reported last month a $1 million loss. Staff Writer | October 30, 2023 | 9:12 am
Hedge funds pile into uranium stocks set for ‘dramatic’ rise Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains. Bloomberg News | October 30, 2023 | 8:33 am
Traders abandon China’s ‘copper king’ as metals woes spread More than a dozen employees have left Shanghai-based copper traders affiliated with Chinese conglomerate Amer International Group Co. in the past few weeks. Bloomberg News | October 30, 2023 | 7:39 am
China’s fraying ties to Myanmar’s tin hub threaten key supply Since the discovery of large deposits in Wa State, Myanmar has become a crucial tin producer. Bloomberg News | October 30, 2023 | 7:07 am
BlackRock says buy metals companies if you care about climate "The story is about what’s happening over the next 10 to 15 years,” said Evy Hambro, global head of thematic and sector investing at BlackRock. Bloomberg News | October 30, 2023 | 6:58 am