Column: Funds amass record bear bets on zinc as LME stocks jump
Fund managers have been scaling up short positions on zinc, betting that this year's weakest base metals price performer has further downside.
Latest Stories
Montage Gold gains on Lundin-backed financing
Montage said it will use the proceeds to advance its Koné gold project in Côte d'Ivoire, expected to begin construction in H2 2024.
Activist investor Elliott to target mining assets worth more than $1 billion
Elliot's new venture, called Hyperion, would have a mandate to buy across all assets, including base and precious metals.
AngloGold Ashanti posts 3% drop in 2023 output
Poor ground conditions at Obuasi in Ghana and a carbon-in-leach tank failure at Siguiri, Guinea, had an adverse impact on gold production.
Vale sees no indication of environmental breach at suspended mines
The environmental secretary of Para state suspended environmental licenses for Onça Puma and Sossego mines.
Mining People: DRF Gold, Goldshore, Newmont, O3 Mining
Key moves in the mining sector.
AI to help determine best carbon capture material
US researchers using generative artificial intelligence to dream up previously unknown building block candidates.
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The miner kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.
Zijin to expand Tibet copper mine expected to be world’s largest
Approved project will increase Julong mine's capacity to 350,000 tonnes per day by 2025, making it China's largest single copper mine.