May 30, 2024

Billions in African gold smuggled to UAE each year — report

Illicit gold trade amounts to $23.7 billion-$35 billion annually based on current market prices, a report by SwissAid shows.

May 29, 2024

USD just bottomed; will gold really slide?

It seems that the next move up in the USDX and the next move down in the precious metals market (including mining stocks) is just around the corner.

May 29, 2024

Botswana flags synthetic gem threat ahead of $6 billion diamond project launch

The natural diamond market has struggled in the past two years due to rising consumer demand for cheaper lab-grown diamonds.

May 29, 2024

Mining M&A slips as firms lawyer-up to fight regulators

The value of deals in the industry declined 12.5% to $74.2 billion this year.

May 29, 2024

China’s silver imports set to jump as solar demand lifts prices

Chinese imports have already been strong in recent months.

May 29, 2024

Copper traders get reprieve as historic New York squeeze eases

“With physical markets still tight, further squeezes are possible, so CME may not be out of the woods yet,” said Bank of America.

May 28, 2024

Copper price: the squeeze has been squoze 

A deeper copper price correction is likely and a new report makes predictions of $40,000/t seem even sillier than they were a week ago. 

May 28, 2024

Aluminum recycler Novelis targets up to $12.6bn valuation in US IPO

Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries, is the world's largest recycler of aluminum.

May 28, 2024

Iron ore price falls to one-week low as weak fundamentals outweigh latest property stimulus

Steel demand remains subdued in China despite the latest property stimulus.

May 27, 2024

Cameco closes $366 million debt offering

The net proceeds will be used to retire Cameco’s outstanding 4.19% senior unsecured debentures.