August 7, 2024

Impala Platinum flags $1bn impairments after metal price plunge

The miner will publish its financial results on Aug.29.

August 7, 2024

Glencore scraps plans to ditch coal on investor pressure

Over 95% of Glencore shareholders were in favour of keeping the coal unit to help fund growth in metals and support returns.

August 6, 2024

Soaring prices have Australian gold bugs expecting M&A splurge

Major Australian companies including Northern Star Resources and Ramelius are reporting stronger cash flows this year.

August 6, 2024

Arcadium Lithium pauses expansion plans on prices, supply glut

The company posted second-quarter net income of $85.7 million.

August 6, 2024

Gold price sinks lower after sharp selloff as equity markets stabilize

Gold continued its march lower on Tuesday, while global equity markets steadied after the previous day’s rout.

August 6, 2024

Caterpillar says 2024 profits will be higher than expected

Caterpillar, one of the world’s biggest producers of heavy machinery, is seen as a bellwether for industrial activity as a key supplier to industries.

August 6, 2024

Copper price hovers above 4-month low struck during global rout

Zinc also extended losses while aluminum ticked up.

August 6, 2024

Petra defers another diamond tender amid weak demand

Petra is holding on to the diamonds from its South African operations, but will sell those from its Williamson mine in Tanzania as planned.

August 5, 2024

Commodities face contagion as global market meltdown deepens

For commodities linked to industrial cycles, such as copper, a hard-landing scenario would put fresh pressure on bulls.

August 5, 2024

Gold price falls over 1% as wider market crash spills over

Analysts believe the precious metal could regain its footing given the persistent economic and political uncertainties looking ahead.