Copper traders get reprieve as historic New York squeeze eases “With physical markets still tight, further squeezes are possible, so CME may not be out of the woods yet,” said Bank of America. Bloomberg News | May 29, 2024 | 7:11 am
Mongolia defends plan to tap mining riches for new sovereign wealth fund Mining represented 28% of Mongolia’s GDP last year and comprised 92% of all exports. Bloomberg News | May 29, 2024 | 6:58 am
Indonesia buying record amounts of Philippine nickel ore due to quota delays Delays by Jakarta in issuing mining quotas and heavy rains have hurt local supply. Reuters | May 29, 2024 | 6:51 am
China 2024 rare earths quota growth set to slow amid supply glut The quota is likely to reach 270,000 metric tons for all of 2024. Reuters | May 29, 2024 | 6:46 am
India imports more silver in 4 months than in all of 2023 India imported a record 4,172 metric tons of silver during January to April. Reuters | May 29, 2024 | 6:39 am
Botswana wants quick separation of De Beers from Anglo The world's top diamond producer by value is finalizing a new ten-year gem sales deal agreed last June with De Beers. Reuters | May 29, 2024 | 6:35 am
Gem Diamonds finds sixth 100+ carat stone in 2024 The 212.9 carat Type II white stone was found at Letšeng mine, one of the world’s ten largest diamond operations by revenue. Staff Writer | May 29, 2024 | 5:19 am
Lithium in Marcellus shale gas wells could potentially meet part of US demand If it could be extracted with complete efficiency, lithium from the wastewater of Marcellus shale gas wells could supply up to 40% of the United States demand. Staff Writer | May 29, 2024 | 5:16 am
BHP walks away from proposed $49bn takeover of Anglo American Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover. Cecilia Jamasmie | May 29, 2024 | 4:05 am
