Aramco trading pushes into metals, plans copper hires
Aramco Trading could make prepayments to mines and smelters as part of the build-out of a copper position.
Latest Stories
US aluminum industry seeks export curbs on some scrap material
The call for restrictions mimics those from the copper industry earlier this year.
Freeport to break away from copper benchmark it set for decades
Many expect the benchmark to plunge even further in 2026, potentially turning negative.
Cobalt price rally risks pushing away battery makers, top miner says
“I think it’s at the upper end of what people will tolerate without being forced to switch,” CMOC says.
Silver price falls in frenetic trading as short squeeze starts to ease
A lack of liquidity in London has sparked a worldwide hunt for silver, with benchmark prices soaring to near-unprecedented levels over New York.
Metals veteran sees $12,000 copper price this year
Kenny Ives, chief commercial officer at Chinese producer CMOC and CEO of its trading arm IXM, is one of the metals industry’s best-known traders.
First Quantum hits back at ESG report on “blocked” La Granja
In September 2023, La Granja began a new phase, emphasizing advanced exploration and detailed technical and socio-environmental studies.
EU’s Ukraine funding plan could further boost central bank gold buying, analysts say
The Commission's plan would allow EU governments to use up to 185 billion euros ($214 billion) of Russian sovereign assets.
Fitch’s BMI lifts 2025 copper price forecast on resilient demand, supply disruptions
The Fitch Solutions unit has raised its 2025 average copper price forecast to $9,650 per tonne, up from $9,500 previously.
