Eramet set to sell aero supplier Brown Europe to Ace Capital

Total gold consumption, including jewellery and bullions but excluding the central bank’s purchases, rose 16% to 815.9 tonnes in the first nine months of the year.

The equipment maker has a very strong presence in Europe, Australia and Africa, but says in North and South America there's plenty of room for improvement.

The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.

Stuart Chambers faces investor calls for clear direction at the company, long seen as a potential takeover target.

A source said the LME had made contact with established online venues Trayport and EBS, which are currently focused largely on energy and foreign exchange.

In third-quarter production report, Glencore lowered its output guidance for copper, zinc and coal but said full-year earnings would not suffer.

Fura Gems aims to resume production at the mine within six months of the deal closure.

Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.

The next few years will likely see the biggest shake-up of gold mining's top tier in a decade.