March 5, 2021

Bank of America, Morgan Stanley win dismissal of metals spoofing litigation

US District Judge said the 2019 lawsuit over alleged spoofing in gold, silver, platinum and palladium futures from 2007 to 2014 was filed long after the two-year federal statute of…

March 5, 2021

LME’s plan to end open outcry meets growing resistance

The London Metal Exchange’s proposal to end 144 years of open outcry trading is running into opposition from both brokers and industrial users.

March 5, 2021

Shandong Yulong Gold to buy Australia’s Barto for $188m in debt

Barto's operations, in the Southern Cross greenstone belt, are currently managed on behalf of Shandong Tianye by West Perth-based explorer Minjar Gold.

March 5, 2021

Tesla gets involved in New Caledonia mine to secure nickel supply

Tesla will be a “technical and industrial partner" in the Goro nickel mine, which is being acquired by a consortium led by Trafigura.

March 4, 2021

Copper price crashes through $4.00, down 7%

Massive selloff in industrial metals wipes billions off mining stocks – Freeport down 14%, Rio Tinto 11% for the week.

March 4, 2021

Battery grade lithium prices in China surge 68%

"Three years of falling lithium prices failed to incentivise sufficient investment into supply chains, leading to greater risks of price volatility as battery demand ramps up."

March 4, 2021

Nickel price drops most since 2016 on Tsingshan deal

The nickel and stainless steel giant will provide 100,000 tonnes of nickel matte to Huayou Cobalt and battery materials maker CNGR Advanced Material.

March 4, 2021

Gold price slump led to $4.6bn monthly loss in ETFs

Global ETFs have retraced the last six months of overall inflows over the past four months, the WGC says.

March 4, 2021

Global copper smelting edges lower in February due to Chinese holiday

The decline in China was partially offset by gains in Europe and North America.

March 4, 2021

Resource nationalism surge spells rough times for miners

Resource nationalism has been on the rise over the past year, but Verisk Maplecroft believes the worst is yet to come for miners as governments try to claw back the…