Copper traders get reprieve as historic New York squeeze eases
“With physical markets still tight, further squeezes are possible, so CME may not be out of the woods yet,” said Bank of America.
Latest Stories
Mongolia defends plan to tap mining riches for new sovereign wealth fund
Mining represented 28% of Mongolia’s GDP last year and comprised 92% of all exports.
Indonesia buying record amounts of Philippine nickel ore due to quota delays
Delays by Jakarta in issuing mining quotas and heavy rains have hurt local supply.
China 2024 rare earths quota growth set to slow amid supply glut
The quota is likely to reach 270,000 metric tons for all of 2024.
India imports more silver in 4 months than in all of 2023
India imported a record 4,172 metric tons of silver during January to April.
Botswana wants quick separation of De Beers from Anglo
The world's top diamond producer by value is finalizing a new ten-year gem sales deal agreed last June with De Beers.
Gem Diamonds finds sixth 100+ carat stone in 2024
The 212.9 carat Type II white stone was found at Letšeng mine, one of the world’s ten largest diamond operations by revenue.
Lithium in Marcellus shale gas wells could potentially meet part of US demand
If it could be extracted with complete efficiency, lithium from the wastewater of Marcellus shale gas wells could supply up to 40% of the United States demand.
BHP walks away from proposed $49bn takeover of Anglo American
Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.
