Gold plummets to five-year low overnight
As heavy selling in early Asian trading hours tossed over a billion dollars’ worth of the bullion on the market in just a few minutes.
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Chinese rare earth metals exchange to pay $6.4bn owed to investors
The announcement came after the Fanya Metal Exchange saw hundreds of investors protesting outside the building last week.
India to create strategic uranium reserve
Concerned about running out of nuclear fuel, India is creating a strategic uranium reserve to ensure that its atomic reactors can keep producing electricity without interruption.
$5-trillion asteroid to whiz past Earth
An asteroid said to contain up to $5.4 trillion worth of platinum reserves will be making a close approach to planet Earth this evening, July 19th.
Gold stocks crash – Barrick plummets to 25-year low
Shares of world's top producer falls to 1990 levels while most valuable gold mining stock Goldcorp tumbles to decade low.
Nexen’s oil sands pipeline leak one of Canada’s largest ever
A day after reporting a significant jump in the number of pipeline failures, the Alberta Energy Regulator is now investigating one of the biggest ruptures in the province in years.
Lucara gets $69 million from first diamond sale, amid tough market conditions
The star of the show was a 341.9 carat diamond —unveiled in April —, which sold for $20.55 million
China just broke silence on gold reserves — first time since 2009
China says its gold reserves increased 57%, which makes it the country with the sixth-largest hoard of the precious metal.
Extremes become more extreme
On the New York Stock Exchange margin debt has hit all-time records at $500bn, roughly double that at the top of the dot-com bubble in 2000 when valuations rose to the highest ever recorded.
