LME acts to shield aluminum market from huge Mercuria bet
The LME took action after Mercuria’s position in the June contract was consistently far bigger than the aluminum inventories in the exchange’s warehouse system.
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Australian Strategic Materials sees jump in rare earths enquiries amid supply shortage
Shares of the company rose as much as 29.1% to hit a more than 3-week high.
Falling LME copper stocks inflate premium for nearby contracts
Total copper stocks in the LME warehouse system have halved since mid-February to 132,400 tons, the lowest in almost a year.
Sinomine halts Namibia copper smelter, citing concentrate shortage
The Tsumeb smelter is one of the few facilities in the world that can treat arsenic and lead-bearing copper concentrates.
Mosaic cuts 2025 phosphate forecast on plant setbacks, shares drop
Mosaic now expects to produce between 7 million and 7.3 million tonnes of phosphate this year.
Gold price fades on upbeat US jobs report
The decline follows new US data that showed a largely stable labour market for the month of May.
China’s rare earth weapon changes contours of trade war battlefield
Several European auto suppliers shut down production lines this week after running out of supplies.
Equinox-Calibre tie up lifts miner to Canada’s fourth largest
The $1.83 billion all-stock deal, set to close this month, will bring to nine the number of producing mines under Equinox from the current seven.
Gold-mining ETFs losing their shine following torrid 2025 rally
Investors are exiting exchange-traded funds that track the shares of gold-mining companies.