Andurand’s hedge fund pared 2025 loss to 40% on metals rally
With no set risk limits, Andurand’s Discretionary Enhanced fund often sees double-digit gains and losses.
Latest Stories
Sprott kicks off new year with 100,000-lb uranium buy
The market value of its uranium totals $6.13 billion.
Largo receives $56M term sheet for iron ore calcine stockpiled at Brazil mine
The term sheet provides for a multi-year contract to sell 4.5 million tonnes of iron ore calcine.
Copper price hits new record of $13,000 in London
Benchmark futures on the London Metal Exchange rallied as much as 4.3%.
China’s iron ore starts new year higher on strong demand, tight supplies
Chinese iron ore prices are being underpinned by steelmakers restocking ahead of the Lunar New Year holiday in February.
BlueScope plays down $8.8B bid from Stokes, Steel Dynamics
BlueScope says the A$30-a-share offer fails to reflect its value, after rejecting multiple earlier approaches.
Indonesia tightens grip on resources with Switzerland-sized land grab
Indonesia is the world’s top exporter of coal and palm oil, the biggest nickel producer and a leading source of copper and tin.
Energy storage boom strengthens demand outlook for beaten-down lithium
The data centre building boom in China and globally has also driven growing power storage demand for lithium, analyst says.
Korea Zinc revises share issuance for US smelter to $1.94 billion
The $1.94 billion would fund the establishment of a non-ferrous metal smelter for the production of core minerals such as antimony and gallium.
