Britannia Global Markets to quit as clearing member of the LME
The LME and its brokers were thrown into turmoil as nickel prices surged during an unprecedented short squeeze in March.
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Volkswagen looking at making its own batteries in North America
The company has been scouting for US battery plant sites and should make a decision by the end of 2022.
Activist investor Bluebell adds pressure on Glencore to fix coal unit
Bluebell Capital Partners has again asked Glencore Plc to overhaul its climate policy, while seeking support from other shareholders to push for reform at the commodities giant.
Gold price may be set to rise – but so are risks for miners
Gold saw a 34% surge in demand in the first quarter compared with the same period of 2021.
Alrosa nixes dividend as economic sanctions bite
The company is subject to stinging economic sanctions levied by the West against Russia for its war in Ukraine.
Codelco stops smelter for maintenance after environmental incident
Ventanas smelter and refinery halted to carry out maintenance after authorities declared an environmental emergency in the region earlier in the week.
Seventh missing miner found dead in flooded Burkina Faso mine
The Perkoa mine was flooded after torrential rain fell unexpectedly during the West African country's dry season.
BYD may sell batteries to Tesla, executive tells state media
“We are good friends with Elon Musk and we are preparing to supply batteries to Tesla,” BYD’s EVP said.
Central banks to increase gold holdings over crisis concerns
Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors.