Global commodity trading profits topped $100 billion for second-best year ever
While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009.
Latest Stories
Avalon enters $11 million funding agreement for lithium processing facility
The first drawdown will be for C$2.75 million, and is expected to close within the next two weeks.
Indonesia says Vale to build another $2bn HPAL plant
PT Vale Indonesia is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island.
China coal output posts first decline since Beijing ordered more
Coal production dropped 4.2% from a year earlier for January and February combined, the first year-on-year decline since September 2021.
Put sanctions on Russian-origin aluminum, not on Rusal, industry group says
So far, sanctions have not been imposed, but they are still on the agenda in the EU.
Thungela sets higher coal output target as it seeks more assets
The newly acquired Ensham mine is forecast to ramp up output to about 4 million tons by 2026 from 2.9 million tons last year.
Iron ore price rebounds on upbeat China data, lower shipments
Total shipments from top producers Australia and Brazil dropped 12.5% week-on-week in the week ended March 18.
Widjaja family’s consortium seeks private credit for mine deal
A consortium led by Golden Energy is sounding out private credit funds to finance its $1.65 billion acquisition of South32's Illawarra coal operation in Australia.
Boliden to invest $463m at Swedish copper smelter
This will push production of copper cathodes and precious metals up to full capacity in the second half of 2026 at the Ronnskar facility.
