Commodities broker Marex posts record profit on market boom
Pretax profit in 2021 rose 29% from the previous year to $79.6 million, while revenue climbed to a record $543 million.
Latest Stories
Gold investors bet against Fed as war threatens paradigm shift
“Gold has effectively been questioning the Fed’s ability to raise actual real rates, while delivering a soft landing for the economy,” analyst said.
Column: Tin price still flying high despite resurgent production
Global refined tin production surged by 11% last year but production rebound hasn't done much to cool prices, writes Andy Home.
Coal’s price blistering rally can continue into 2023, producer says
Disruption to the global coal trade as a result of Russia’s invasion of Ukraine should extend the fuel’s price rally into next year, according to Whitehaven Coal.
Petropavlovsk’s Russian bank asks gold miner for its money back
The gold producer has found itself in an existential crisis after Russia’s invasion of Ukraine and the sanctions that followed.
China buys cheap Russian coking coal as world shuns Moscow
China more than doubled imports of steel-making coal from Russia in March.
Russian metals producers want Putin to ease taxes amid war
Mining and metals companies want the tax system to return to how it was before changes made last year that effectively raised levies.
Musk’s tweets fuel mining industry’s hopes of a buyout by Tesla
The auto giant already has supply contracts for nickel, lithium and a range of other EV metals from suppliers across the globe.
Usiminas posts weather-hit income
Usiminas' iron ore sales fell 38% from the previous quarter and 17% year on year to 1.6 million tonnes.
