Copper price steadies as dollar strength balances fresh China stimulus
A stronger local currency makes imports cheaper for domestic traders and fabricators in the world’s top metals consumer.
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China gold premium hits record as Beijing defends yuan
Bullion on the Shanghai Gold Exchange traded at a premium of more than $120 an ounce on Thursday.
London gold body aims to create secure global database
The LBMA's database of Russian gold bars held by banks in London helps to prevent sanctions evasion by Russian companies.
Greener steel production is the first step. Next comes scaling it up
Decarbonizing steel will be difficult and costly, and if done at meaningful scale will remake one of the world’s biggest industries.
Cornish Metals updates South Crofty tin resources, targets feasibility by end of 2024
The new MRE showed a 39.0% increase in tonnes and 31.6% increase in contained tin in the indicated category.
LME to change the way closing prices are determined
The changes will extend the volume-weighted average price methodology to five additional prompt dates for aluminum, copper, zinc, lead and nickel.
South Africa’s Kruger Park opposes new border link to Mozambique
South Africa’s biggest wildlife reserve is opposing plans for a new privately operated trucks-only border crossing.
Codelco chairman calls claims of insolvency risk ‘nonsense’
Pacheco was responding to a report last month from copper studies center CESCO that said if production promises are not met, high levels of debt could lead to insolvency.
Global silver demand to fall 9.4% in 2023, Chile’s Cochilco says
Market, however, will maintain a deficit, according to a report from the Chilean state agency.
