Crescat Capital says buy gold, sell stocks in ‘trade of century’
Going long gold in yuan terms and shorting global equities currently explains three-quarters of the hedge fund’s strategy.
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U.S. sanctions Venezuelan gold company for supporting Maduro
This is the sixth round of sanctions since January by the U.S., which is seeking to wrest power and the military’s loyalty away from Maduro.
Biggest trading in copper options ever signals supply troubles
According to Citigroup analysts, copper production will trail consumption by 116,000 metric tons this year, a second straight deficit.
Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall
Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.
Cyber attack hits operations at aluminum maker Norsk Hydro
The company couldn’t detail how much output had been impacted, but said the so-called potlines, which process molten aluminum and need to be kept running 24 hours a day, had switched to manual mode.
How much oil is displaced by electric vehicles? not much, so far
Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie.
Chile’s Codelco to ink copper deal with Ecuador-controlled miner
The 982-million-tonne Llurimagua copper project is located in the Imbabura Province, about 80 km northeast of Ecuador's capital of Quito.
Antofagasta expects copper deficit of up to 300,000 tonnes this year
The Chilean miner expects demand to outstrip supply in 2019 as consumption growth remains positive, but production increases continue to be minimal.
Taxes and royalties paid by Australian miners equivalent to Federal Government education spending
Aussie miners paid A$30.6 billion in company tax and royalties in 2017-18.