Pressure groups sue LME for allowing trade of ‘polluting’ Indonesian metalActivists allege that the LME allowed sales on its platform of copper produced at the Grasberg mine, which they claim is polluting local rivers.Reuters | February 8, 2024 | 7:15 am
‘Silver is the new gold’ as Egyptians try to protect savingsThe price of one gram of silver more than doubled…Reuters | February 8, 2024 | 4:29 am
Some Russian banks may have swapped gold for dollars, report saysRussia has faced a shortage of dollars and euros as…Bloomberg News | February 7, 2024 | 8:51 am
Canada, France boost critical minerals cooperation They will work together to secure supplies of critical minerals in both countries and promote investment in the supply chain. Cecilia Jamasmie | September 28, 2023 | 7:57 am
Lucara Diamond ends HB Trading sale agreement The Canadian diamond miner cited a “material breach of financial commitments” by the Belgian manufacturer as the reason for the split. Cecilia Jamasmie | September 28, 2023 | 3:53 am
Copper’s contango widest since at least 1994 as inventories rise The cash contract changed hands at a discount of $70.10 a ton to three-month futures on the LME on Monday. Bloomberg News | September 27, 2023 | 2:43 pm
Trafigura gets $500 million to buy Saudi’s non-crude commodities The three-year deal gives Trafigura a big new chunk of credit tor trading at a time when energy prices are rising again. Bloomberg News | September 27, 2023 | 9:07 am
Europe lines up African minerals pacts to ease reliance on China The European Union is finalizing partnerships with the DRC and Zambia to boost local industries. Bloomberg News | September 27, 2023 | 7:53 am
Climate targets threatened by lack of mining investment: McKinsey Report reveals looming shortages of minerals key to the energy transition as low commodity prices cause investors and miners to cut spending. Cecilia Jamasmie | September 27, 2023 | 3:50 am
Czech tycoon backs Coronado’s coal expansion in Australia, US Coronado has expansion options including developments in Queensland, Australia and at Mon Valley in southwest Pennsylvania. Bloomberg News | September 26, 2023 | 9:48 am
Glencore bought at least 5,000t of Russian copper via Turkey – report The Financial Times reported the metal was sold by UAE-based entity Haldivor Energy and exported through Turkey to Italy’s Livorno port. Staff Writer | September 26, 2023 | 8:41 am
Cornish Lithium raises $6.2m to support UK project Funds were secured through a crowdfunding campaign, the largest of its kind any company has undertaken in the UK this year. Cecilia Jamasmie | September 26, 2023 | 5:36 am