July 29, 2022

Glencore flags cash tied up in record trading profits

The world’s biggest commodity trader is expected to report record profits next week, driven by surging thermal coal prices and record trading returns.

July 29, 2022

Eldorado Gold operating costs up more than 20% in Q2

The Canadian gold miner saw cash operating costs for the second quarter jump by 22%, while costs per ounce sold increased by 9%.

July 28, 2022

First global gold exchange in India seen burnishing hub role

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, its CEO said.

July 28, 2022

US coal giants see surging sales as global prices reach records

Peabody Energy, the biggest US coal producer, saw second-quarter sales jump 83% to $1.32 billion.

July 28, 2022

Gold price extends rally after data shows unexpected contraction in US economy

The unexpected contraction means that both the peak in Treasury yields has been made and a bottom has been formed for gold, one analyst said.

July 28, 2022

Potash prices to normalize by 2023, says Brazil Potash president

Prices of the fertilizer ingredient have soared this year on fears of a shortage caused by the Russian invasion of Ukraine.

July 28, 2022

Gold sees dovish light in the Fed’s hawkish darkness

Despite another hawkish FOMC meeting, gold rose again.

July 28, 2022

Anglo American’s new boss sounds warning on future copper supply

The world is headed for a severe shortage of copper as new mines become increasingly difficult to build, said Duncan Wanblad.

July 28, 2022

Iron ore price hits 4-week high boosted by rebounding steel margins in China

Twelve blast furnaces in China have resumed operations as margins improved, Chinese metals information provider SMM reported.

July 28, 2022

Rio Tinto inks deal to unlock huge Simandou iron ore project

The miner has formed a JV with the Guinea government and Winning Consortium Simandou to develop infrastructure, including a railway and port.