February 25, 2021

Gold price weakness takes $1.5bn out of largest ETF

In the wake of the recent gold price decline, metal holdings in the GLD gold ETF have fallen by 26 tonnes in a week.

February 25, 2021

EVs are more expensive than traditional cars—but not by much

An analysis from BloombergNEF found that “upfront cost parity” for US electric and internal combustion vehicles will arrive in 2024.

February 25, 2021

World’s two largest asset managers have invested $170bn in coal

The figure pales in comparison to the $1 trillion in coal investments held by almost 4,500 institutions globally as of January this year.

February 25, 2021

African Gold SPAC to target ‘well-trodden’ mining countries

“We are the only Africa mining-focused SPAC amongst a sea of SPACs,” said Rob Hersov, the founder and chairman of the company.

February 25, 2021

Vale set to join peers in doling out more mining windfall

Bloomberg’s Dividend Forecasting team is projecting Vale will increase its payout to 2.697 reais a share from 1.41 reais in September.

February 25, 2021

Gold price extends decline on surging bond yields

Ten-year US Treasury yields climbed to the highest in a year on Thursday, making gold less competitive as it does not bear interest.

February 25, 2021

How high can copper price fly? this metals trader expects $12,000

Current prices would seem “far too low” if governments fulfill pledges for green infrastructure and electric-vehicle incentives, Concord Resources said.

February 25, 2021

Chinese broker Shanghai Dalu holds top long position in INE copper

The brokerage’s large bullish bets have startled some traders as prices for copper, widely used in power and construction, hit 9-1/2-year highs.

February 25, 2021

Anglo American ended 2020 stronger than expected

The miner beat expectations with a small fall in 2020 earnings, but boosted dividend as soaring commodity prices helped it recover from covid-19 disruptions in the first half of the…

February 24, 2021

Copper price extends rally; producers wary of costs

Mining firms in Chile, the world’s No.1 copper producer, warned that costs could rise as labor unions and vendors also try to cash in on the trend.