July 6, 2022

Iron ore price falls on China covid woes, recession fears

Goldman Sachs expects the metal price to average $100 per tonne in Q2 2022.

July 6, 2022

Potanin a major obstacle to $60 billion Rusal, Nornickel merger

Potanin has said a tie-up could strengthen the companies' defences against any sanctions the West might impose on them.

July 5, 2022

Gold price sinks to half-year low amid growing recession fears

The dollar surged to its highest in about 20 years as investors, worried about a potential recession, retreated to the haven asset.

July 5, 2022

Copper price lowest since November 2020 on economic slowdown worries

Prices extended decline as aggressive interest rates, a spike in covid-19 cases in China, potential recession, and rising inventories weighed on investor sentiment.

July 5, 2022

Bank of England takes deep dive into ‘opaque’ commodities

Big UK banks have up to 50% of their total core capital of gross exposure to commodity producers, suppliers, and traders, and to commodity derivatives.

July 5, 2022

Russia’s Potanin weighs big metals merger as defence against sanctions

Nornickel-Rusal merger would create national champion and would also help to resist sanctions, Potanin said.

July 4, 2022

Australian gold miner Genesis in merger talks with rival St Barbara

A potential combination would give Genesis control of St Barbara's prized Gwalia gold mine in Leonora.

July 4, 2022

Copper price below $8,000 as slowdown fears mount

"Inventories for metals are shrinking to multi-year lows."

July 4, 2022

Banks step up trade finance in global commodities boom

Commodity trading houses have seen earnings climb as they capitalize on wild swings in prices and arbitrage opportunities.

July 4, 2022

Phoenix Copper launches novel bond linked to copper price

Phoenix is raising cash to revive production at the Empire copper mine in Idaho.