Copper price and China reserves: sell on rumor, buy on fact
Beijing confirmed the release of state reserves for the first time in a decade to cool metals markets, but copper prices rose more than 1% on the news.
Latest Stories
Cobalt supply must double by 2030 to meet demand – Trafigura exec
Total supply of cobalt in 2020 was 126,500 tonnes, according to consultancy Benchmark Mineral Intelligence.
Companies with $2.1 trillion of debt face natural capital risks
Moody’s says companies in 12 sectors, including mining, oil and gas, and shipping, have “high” or “very high” exposure to natural capital risks.
Nouveau Monde launches public offering, private placement to raise nearly $100m
Net proceeds would be used towards the development of the Matawinie graphite property and li-ion battery anode plant.
One of only four 1,000 carat-plus diamonds ever found dug up in Botswana
DeBeers-Botswana joint venture has recovered a 1,098 carat diamond from Jwaneng mine, the world’s richest diamond mine by value.
Iron ore prices fall on increasing supply from miners
Iron ore shipments from Australia and Brazil stood at 26.14 million tonnes last week, up by 1.1 million tonnes from the week earlier, data from Mysteel consultancy showed.
Rio Tinto to study using hydrogen in alumina refining in green push
The Australian Renewable Energy Agency will provide half the funds for the $925,000 study.
Golden Bear discovery could be a ‘gamechanger’ for Osisko at Windfall
The disovery hole hit the 6.7 metre interval of 27.4 g/t gold uncut (17.2 g/t gold cut to 100 g/t) at 503 metres depth.
Large methane leak detected over South Africa coal mining region
The cloud was spotted about 125 kilometers east of Johannesburg in an area where Sasol Ltd. has several coal mines.
