Suez risk comes at bad time for unusually tight aluminum market
The Suez Canal blockage is threatening to intensify a rare shortage of aluminum products crucial to the transport and construction industries.
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One ultra-rare metal is doing much better than Bitcoin this year
Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January.
First Cobalt to issue shares to Glencore to repay $5.5m debt
In 2019, First Cobalt entered into a loan agreement with the miner and commodity trader to fund engineering studies, metallurgical testwork and permitting activities.
Gold hub UAE toughens fight against financial crime
The United Arab Emirates is strengthening its defences against financial crime, including new restrictions on the movement of cash and precious metals.
China copper smelters decide to not set treatment charge floor in Q2
China’s biggest copper smelters have decided to not set a floor price for second-quarter treatment and refining charges (TC/RCs) for the second straight year.
Colombia opens five mining areas to potential bids
Interested companies have had since Feb. 25 to study datasets of the five areas - which are located in the northeast of the country.
China rare earths extend surge on worries over Myanmar supply, inspection threat
Looming inspections and concerns over Myanmar supplies are adding fresh momentum to a rally in prices of the rare earth minerals.
Vital Metals to become Canada’s first rare earths miner
The Australian miner said the mining fleet was mobilized to the site this week and operations will begin before the end of March.
Alrosa fetches $23.9m in three diamond auctions
The world’s top diamond miner by output held three “special-size diamonds” auctions to celebrate its Jubilee Auction #100.
