July 22, 2022

UPDATE: Knotty nickel supply chain highly exposed to new price shocks

Volatile market reeling from a big short gone wrong can blow up if West imposes sanctions on Russia. And don’t expect Indonesia to fill in gaps anytime soon.

July 21, 2022

Gold price recovers as European Central Bank raises rates higher than expected

The rate hike was the first by the ECB in over a decade, and its largest since 2000.

July 21, 2022

Iron ore price back below $100 on clouded China demand outlook

Risks from lockdowns have prompted the Asian Development Bank to lower its economic growth forecast for China this year to 4.0%.

July 21, 2022

De Beers boosts 2022 guidance despite drop in output

The miner expects to produce 32m-34m carats, up from 30m-33m carats thanks to what it calls “robust demand” from US customers.

July 21, 2022

New Indonesian nickel supply douses expectations for fresh price rally

Nickel prices on the LME started their ascent in January as stocks in LME-approved warehouses started to slide due to soaring demand.

July 21, 2022

Lithium refining is a ‘license to print money,’ Musk says

Tesla's CEO said there are software-like margins to be made in lithium processing — "You can't lose."

July 21, 2022

Caledonia Mining to buy one of Zimbabwe’s largest gold projects

The $53 million shares deal could more than double Caledonia's production, potentially making it Zimbabwe’s top gold miner.

July 20, 2022

JPMorgan gold trader says boss coached him on spoofing lie

Christian Trunz told a Chicago jury that Michael Nowak, the managing director who ran the precious metals business, advised him to mislead investigators about his intent to execute the trades.

July 20, 2022

Alcoa jumps after quarterly profit, sales top analyst estimates

The company posted $913 million in adjusted earnings before interest, taxes, depreciation and amortization in the second quarter.

July 20, 2022

Gold price sinks below $1,700 ahead of key central bank meetings

Spot gold fell 0.9% to a new 11-month low, after holding steady earlier in the session.