Higher investment risk appetite boosts activity at LME by 11% in 2023Lead got a boost from index trading after it was included in the Bloomberg Commodity Index for the first time last year.Reuters | January 11, 2024 | 9:38 am
Grupo Mexico weighs bid for First Quantum’s Spanish mineFirst Quantum initiated a process to sell its Las Cruces…Bloomberg News | January 11, 2024 | 8:52 am
Share of Russian aluminum in LME warehouses rises to 90% after UK curbsThe rise follows a restriction imposed by Britain on entities and individuals…Reuters | January 10, 2024 | 9:31 am
LME profits fall to 8-year low as nickel crisis hits exchange The LME’s annual profit fell 27% to $56.1 million, the lowest since before a hike in trading fees in 2015. Bloomberg News | May 19, 2023 | 11:18 am
Trafigura says accused fraudster’s wife not a bystander Trafigura in February accused Prateek Gupta and the companies connected to him of perpetrating a “systematic fraud” . Bloomberg News | May 19, 2023 | 9:33 am
Gem trader HB Antwerp eyes African diamonds after Botswana pact The firm is looking for potential deals to process rough diamonds in countries including Namibia, South Africa, Lesotho and the DRC. Reuters | May 19, 2023 | 8:24 am
G-7 to chase Russia’s diamonds while stopping short of total ban Earlier attempts to sanction Russian gems in Europe have met resistance from importer nations like Belgium. Bloomberg News | May 19, 2023 | 8:14 am
Half of the coal-fired power plants announced worldwide unlikely to be built — study A study by Mercator found that 50% of the coal-fired power plants that were planned to come online in the next few years will fail to do so. Staff Writer | May 19, 2023 | 6:34 am
Ultra-rare Bulgari Laguna Blu diamond sells for $25 million The exceptional blue diamond found a buyer after a four-minute bidding battle between three telephone bidders and one bidder in the room. Staff Writer | May 18, 2023 | 10:17 am
G7 to discuss diamond trade with future Russia sanctions in mind – EU official Poland in April presented a proposal for a new set of sanctions on Russia for waging war against Ukraine, including oil and diamond imports. Reuters | May 18, 2023 | 8:47 am
Pembridge Resources in trading halt as it seeks liquidation The miner, whose shares collapsed this week on the closure of its Minto copper-gold mine in Canada, has engaged insolvency advisers. Cecilia Jamasmie | May 18, 2023 | 6:30 am
Scientists purify uranium-laden water using magnetic bacteria Magnetotactic bacteria can accumulate dissolved heavy metal in their cell walls. Staff Writer | May 18, 2023 | 6:19 am