April 16, 2024

Nornickel says new Western sanctions raise risk of metals market disruption

Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company.

April 15, 2024

Copper price at fresh high as satellite data shows sharp Chinese smelter cutbacks

China’s Copper Smelter Purchase Team appears to be making good on promises of cutbacks with end-March inactivity at refiners jumping to 12.8% compared to 4.1% a year ago. 

April 15, 2024

Aurous Resources eyes fivefold gold production increase, NASDAQ listing

Aurous is also looking for mergers and acquisitions opportunities in South Africa, and the continent.

April 15, 2024

Antofagasta CEO foresees higher 2024 copper prices, plans growth at home

The company also did not rule out the possibility of acquisitions, as long as they are in the Americas.

April 15, 2024

Gold price pushes toward fresh record as tensions rise in middle east

Bullion has risen as much as 1.7% Monday as the conflict in the Middle East entered a dangerous new phase.

April 15, 2024

Metals whipsawed as sanctions on new Russian supplies rattle LME

Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987.

April 15, 2024

Horizonte Minerals fails to secure financing, considering mine sale

The company considers selling its Brazilian nickel mine amidst low prices and supply surplus from Indonesia.

April 15, 2024

New metals sanctions push Russia further into China’s embrace

The sanctions now leave the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments.

April 15, 2024

OceanaGold gets initial approval for Philippine unit’s IPO

Proceeds from the offering, as OceanaGold had disclosed, will be applied towards debt repayment.

April 15, 2024

Iron ore climbs to multi-week high on lower shipments, hopes of China stimulus

Iron ore shipments from top suppliers Australia and Brazil tumbled by 28.8% week-on-week.