January 13, 2021

Elite diamond-buying club shrinks as De Beers culls old clients

De Beers has cut off some of its long-term diamond buyers, marking one of the biggest shakeups in the way the miner sells gems.

January 13, 2021

Rhodium price roars above $20,000 in precious metals’ biggest rally

Rhodium, used in engine exhausts to neutralize harmful nitrous oxides, has been in deficit for most of the last decade.

January 13, 2021

Gold-backed ETFs end record 2020 with second month of outflows

ETFs grew their holdings by 876 tonnes in 2020 - equivalent to around a quarter of the annual output of the world's gold mines.

January 13, 2021

Petra Diamonds’ investors back restructuring

Majority approved plan includes reducing authorized share capital of the company by cutting the nominal value of all ordinary shares from 10p to 0.001p.

January 13, 2021

Cornish Metals to float shares in London

The copper and tin miner will apply for admission of its common shares to trade on the Alternative Investment Market.

January 12, 2021

M&A and strong metal prices in the year ahead

Many analysts believe 2021 will see other big M&A deals in the mining space.

January 12, 2021

Lithium miner’s German smelter plan draws billionaires

Rock Tech's planned $400 million lithium refinery has attracted support from billionaires including Peter Thiel.

January 12, 2021

Portuguese energy group backs Savannah’s lithium project

Galp Energia could take up to a 10% stake in the Mina do Barroso lithium project by investing $6.4 million.

January 11, 2021

US steel groups, union urge Biden to keep Trump’s steel tariffs in place

Trump's Commerce Department imposed the Section 232 metals tariffs -- 25% on steel and 10% on aluminum -- in March 2018.

January 11, 2021

Gold price rally of 2020 crushes analyst forecasts

Analysts were forecasting gold prices at $1,558.8/oz on average, up 12% from 2019, still short of the actual price by over $200.