Iron ore price jumps on supply crunch at Chinese mills
Almost 80% of the Chinese economy has been affected in some way by the worst outbreak of covid-19 in two years.
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South African white diamond could fetch more than $20 million on auction
The largest white diamond ever to come to auction will hit the block at Christie’s in Geneva on May 11.
Tiffany joins Signet in banning new diamonds mined in Russia
The companies’ bans apply only to newly mined gems, meaning Russian diamonds will still be available in their stores for at least several months.
Gold miner Petropavlovsk caught in UK sanctions against lender
Russian gold miner said it would miss an interest payment due on Friday after Britain froze the assets of its main lender.
LME to nearly double its default fund after nickel price squeeze
The LME’s handling of the crisis has sparked fury among investors and traders.
Powerful clouds of methane spotted in Alabama coal country
Powerful clouds of the greenhouse gas methane have been observed by satellite near a coal-mining basin in Alabama, highlighting an often overlooked climate impact from the dirtiest fossil fuel.
Guinea expands role in mining sector with plan to ship exports
The world’s top bauxite exporter has a law that gives it the right to ship 50% of mining companies’ exports, but it hadn’t put it into effect until now.
Morgan Stanley flags EV demand destruction as lithium price soars
Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, said the bank.
Anglo American completes exit from Thungela
The South African coal miner and its shares are up six-fold in the last nine months.
