Glencore set to lose crown as top cobalt miner to China’s CMOC The Chinese company aims to double production this year, as it brings another massive Congolese mine online. Bloomberg News | March 21, 2023 | 7:46 am
Goldman Sachs expects commodities supercycle Bank expects the copper price to hit $10,500 in the near term. Reuters | March 21, 2023 | 7:38 am
Copper boosted development of most important trade hub of Late Bronze Age Copper and a sheltered location turned the Cypriot village of Hala Sultan Tekke into one of the most important trade hubs of the Late Bronze Age. Staff Writer | March 21, 2023 | 7:05 am
Wyloo seeks takeover of nickel explorer Mincor Resources Wyloo offered to buy all the shares of nickel miner Mincor it does not already own for an implied equity value of $504 million. Bloomberg News | March 20, 2023 | 4:54 pm
Former director of Tesla Australia sentenced for insider trading The Australian Securities and Investments Commission found that Kurt Schlosser purchased shares in Piedmont after being informed of details of a five-year spodumene concentrate supply agreement. Reuters | March 20, 2023 | 3:26 pm
First Majestic stock plunges as it shuts down Jerritt Canyon gold mine in Nevada The Jerritt Canyon operation was expected to produce between 119,000-133,000 oz. of gold this year. Staff Writer | March 20, 2023 | 2:07 pm
JPMorgan owned the LME ‘nickel’ that was actually bags of stones It’s not clear whether the bags ever contained nickel, and whether the issue is a result of error, theft or fraud. Bloomberg News | March 20, 2023 | 1:50 pm
Thor Explorations more than doubles resource at Senegal gold project The updated estimate’s 1.78 million oz. of contained gold is a 144% increase compared with an initial resource in November 2021. Staff Writer | March 20, 2023 | 10:44 am
Trafigura sees fresh copper price records within a year The world’s biggest copper trader believes the metal could even surpass $12,000 a tonne within 12 months. Reuters | March 20, 2023 | 10:04 am