Bloomberg News

Top-grade iron ore may spike to $100

High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity.

Copper trains ransacked by ‘Moles’ in full-moon desert heists

A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.

Trade war sends commodities to biggest drop in 5 months

China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.

Copper trains ransacked by ‘moles’ in full-moon desert heists

Thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo slabs of copper to the ground and disappearing.

Wage talks begin in South Africa's shrinking gold industry

Negotiations start against the backdrop of stark declines in the industry that was once the world’s largest.

Trump started the metals rally, now he's the reason it's ending

The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth.

China’s electric car appetite spawns 77-year-old billionaire

Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.

Worthless just two years ago, West Texas sand now brings in billions

Until the miners arrived, these dunes were a quasi-barren wasteland. And the price of sand was, well, zero.

Canada oil supply to stay tight with Syncrude down for weeks

Part of Suncor’s oil-sands facility will restart this month.

2,500 job cuts weren’t enough for world’s no. 2 platinum miner

Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.

BP is front-runner to buy BHP's US shale unit

The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package.

Invesco turns to Trump playbook for signs of a metal rebound

Escalating trade conflict between the U.S. and China has sent industrial metals to oversold territory.

Zambia delays projects to cut debt and woo IMF back to talks

The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans.

Metal markets are preparing for a new world disorder

Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.

China's top EV maker starts battery-swap service to lure users

Beijing Electric Vehicle Co.,is preparing for a stock-market listing and starting a battery-swap service to reduce customers’ range anxiety and keep up with similar offerings from rivals.

Goldman says buy commodities as clock ticks toward trade war

Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the U.S. and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted.

Glencore announces $1 bn share buyback days after probe

Glencore Plc will buy back as much as $1 billion of its shares, a move that may soothe investor concerns after the world’s top commodity trader was hit by a U.S. Department of Justice probe earlier this week.

Automaker shares soar on U.S. proposal to eliminate tariffs

Shares in European carmakers are having their best trading day in two years after a U.S. official floated a proposal to eliminate vehicle-import tariffs on both sides of the Atlantic.

Thyssenkrupp CEO asks to step down, board to meet on Friday

After two years of at times fraught talks, the two steel firms last Saturday signed an agreement to create Europe's second-largest steelmaker.

Iron ore slides to seven-month low as trade war fears mount

Iron ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the U.S. and China.

First Quantum given time to solve $7.9 bn Zambian tax row

First Quantum, which operates the Kansanshi and Kalumbila mines in the country, accounted for more than half of Zambia’s copper production last year and is the biggest individual taxpayer.

Renault, PSA unveil plans for electric-car services in Paris

Renault SA and rival French automaker PSA Group unveiled plans for new electric car-sharing services in Paris just days after Mayor Anne Hidalgo pulled the plug on an operation backed by Bollore SA.

S. Africa seeks re-opening of shuttered mines to boost economy

Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy.

VW to start electric car-sharing service to boost lineup

“Our target is to sell more than 1 million electric cars in 2025,” VW brand head of sales Juergen Stackmann

Indians are falling out of love with gold — and millennials are partly to blame

Indians’ love affair with gold is cooling.