PetroChina to start metals trading, eyeing energy transition
In addition to lithium and copper, the new PetroChina unit may also look to trade nickel.
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Gold price extends loss as Fed cuts rates, signals less easing
New forecasts showed several officials penciled in fewer rate cuts for next year than estimated.
Coal demand to keep hitting records through 2027, IEA says
The latest forecast from the IEA sees demand for coal rising to nearly 8.9 billion tons by 2027, about 1% higher than 2024 levels.
Glencore in talks to sell Philippine copper smelting unit
Due to its location, the business — Pasar — has long been a key trading asset for Glencore.
Idemitsu to take majority stake in Australian vanadium developer Vecco
Vecco is developing the Debella project in Queensland, focusing on a vanadium mine and an electrolyte plant for vanadium flow batteries.
Dundee’s prefeasibility bumps Čoka Rakita gold project NPV by 25% in Serbia
The new NPV (at a 5% discount) stands at $735 million, and the IRR is 41%.
India’s record gold import said to be due to calculation error
Officials double-counted gold shipments in warehouses following a change in methodology in July, Bloomberg sources say.
Trump advisers urge ending environmental reviews for mines receiving US funds
Proposed US critical minerals projects have been in regulatory review for more than a decade.
Aluminum price falls to one-month low in wider commodity slump
The longer run trends are more bullish for aluminum, according to Commerzbank.
