Citi’s mega metals trade shows global markets turning to glutIn the last few months, Citi requested delivery of about 100,000 tons of aluminum and 40,000 tons of zinc — worth over $300 million.Bloomberg News | October 10, 2023 | 10:24 am
Some EU states baulking at streamlined mine permitting, says commissionerUnder the draft CRMA, strategic mine projects would have to…Reuters | October 10, 2023 | 9:33 am
Swedish industrialists explore $6 billion green steel project in CanadaH2 Green Steel is in talks with governments in Canada…Bloomberg News | October 9, 2023 | 4:25 pm
Goldman Sachs strategists say bear market will last in 2023 The bank strategists estimate the S&P 500 will end 2023 at 4,000 index points -- just 0.9% higher than Friday’s close. Bloomberg News | November 21, 2022 | 8:41 am
Egypt to start building $11 billion wind farm from 2024 The construction of one of the world’s largest wind farms in Egypt is set to start in 2024 and could provide electricity to Europe and Saudi Arabia. Bloomberg News | November 20, 2022 | 1:13 pm
Russia’s Rusal: 2023 sales pick up after LME decision Rusal said that its sales for 2023 have picked up after the LME decided not to ban Russian metal from being traded and stored in its system. Reuters | November 19, 2022 | 12:35 pm
Russia’s mining giants rush to sell metal after LME green light The decision not to ban Russian metal from LME warehouses has triggered a rush to conclude contracts with the country’s two big producers. Bloomberg News | November 18, 2022 | 10:03 am
Massive emerald cluster sets new record at Gemfields auction The Kafubu Cluster, found at the Kagem mine in Zambia in 2020, became the most expensive single emerald item ever sold by Gemfields. Cecilia Jamasmie | November 18, 2022 | 5:11 am
Andrew Forrest commits $500 million for Ukrainian reconstruction fund The Ukraine Green Growth Initiative will focus on building out infrastructure projects in energy and communications, including a green energy grid. Reuters | November 17, 2022 | 9:50 am
LME raises initial margins on nickel by 28% after volatility A notice released on Wednesday said the initial margin for nickel would climb to $6,100 a tonne effective after close of business on Friday. Reuters | November 17, 2022 | 9:41 am
Volkswagen delays key EV project as Tesla challenge stumbles Volkswagen AG’s ambitious push to supplant Tesla Inc. as the global electric-vehicle leader is running into trouble. Bloomberg News | November 17, 2022 | 7:43 am
Rusal calls for LME to disclose origin of all metal stocks The LME said last week it will not ban Russian metal from being traded and stored in its system. Reuters | November 17, 2022 | 7:34 am