June 27, 2024

London Metal Exchange mulls adding warehouse in Hong Kong

The LME is exploring whether to license a warehouse in Hong Kong as it seeks to strengthen services to clients in China.

June 27, 2024

Petra Diamonds cuts targets and costs in tough market

Petra plans to cut operating costs by $30 million a year from the fiscal year ending June 30, 2025, while reducing spending to $100 million.

June 26, 2024

Andurand ditches famed oil trades for copper and cocoa

The pivot comes as the firm recovers from a record loss last year, ending a three-year winning streak.

June 26, 2024

Sprott-backed gold trading platform secures investment, launch imminent

Official launch of the Argo digital gold and precious metals platform is scheduled for next month.

June 26, 2024

Trafigura clinches share of major zinc deal snubbed by Glencore

Production from Ivanhoe's Kipushi zinc mine in Congo will now be split between several new buyers.

June 26, 2024

Copper price extends slide on soft Chinese demand and stronger dollar

The metal has shed 14% since rocketing to a record above $11,000 a ton in May.

June 26, 2024

Iron ore price extends gains on sustained China demand, property stimulus

Beijing on Wednesday lowered the minimum down payment ratio for first home buyers to no less than 20%.

June 26, 2024

De Beers sales drop to $315m amid search for new owner

Provisional figure is less than the $383 million fetched in the previous sales cycle and the $456 million sold at this time last year.

June 25, 2024

Column: Copper stocks surge offers little relief for CME shorts

Rising global exchange stocks of copper have damped bullish spirits.

June 25, 2024

Gold Reserve announces $30 million placement for Citgo bid

Part of the proceeds will go toward the company's credit bid for PDV Holdings, the indirect parent company of Venezuela-owned oil refiner Citgo Petroleum.