August 23, 2024

Societe Generale leaves London Metal Exchange’s open-outcry trading floor

The SocGen move leaves seven members operating in the LME ring, down from about 30 at its peak in the late 1980s.

August 23, 2024

Chalice downsizes board, cuts costs amid nickel prices slump

Cost-cutting measures means Chalice won't meet diversity goals as the two board members dismissed were the only female directors.

August 22, 2024

Perseus gets $45m cash injection with sale of Montage Gold stake

The sale would help strengthen its balance sheet following the recent purchase of a strategic stake in Australia's Predictive Discovery.

August 22, 2024

Column: Cobalt supply tsunami hits the market of last resort

Someone delivered 23 metric tons of cobalt to London Metal Exchange warehouses last month.

August 22, 2024

Copper is flooding into US as flash-squeeze chaos reverberates

The huge dislocation between global prices saw the US import about 91,000 tons in July alone, the third-largest monthly amount in the last decade.

August 22, 2024

Lead sellers caught short by Shanghai delivery rule change

Would-be sellers of battery metal lead on the Shanghai Futures Exchange have been forced to search for overseas supplies.

August 21, 2024

Wild first half for metals drives big jump in LME earnings

HKEX said core earnings from its commodities unit jumped by 82% from a year earlier.

August 21, 2024

Peabody rises after Thomist takes stake, suggests buybacks

Thomist suggested to Peabody management that the company should use some of its $1.45 billion cash balance to repurchase stock.

August 21, 2024

Arch merges with Consol Energy to create US coal export powerhouse

The new company will own 11 mines producing thermal coal for power plants and metallurgical coal for making steel.

August 21, 2024

O3 Mining upsizes bought deal to raise $13 million due to strong demand

O3 Mining holds six properties in Quebec, with its flagship asset being the Marban Alliance.