Rio Tinto to change index for some iron ore settlement, client notice
Rio Tinto has been using the Platts indices to settle its flagship products in annual contracts and spot market.
Latest Stories
Alrosa flags smaller-than-expected decline in annual diamond output
Alrosa is the world's largest producer of diamonds, accounting for around a third of global output.
Argentina’s tax break program approves $665M gold mine project
The incorporation of the Gualcamayo project would extend the life of the existing mine and employ some 1,700 people.
China steel group urges domestic pricing in iron ore contracts
A newly launched port-side spot price index should become a core pricing reference for the market, the China Iron and Steel Association said.
Bauxite boom pollutes water and crops in Guinea
Guinea exports some 3.7 million tons of bauxite per week and produced about 146 million tons last year.
Disruption and dislocation: LME metals’ year in seven charts
Supply disruption and tariff dislocation have defined the London Metal Exchange base metals complex this year.
Platinum price soars to record above $2,300 on tight global supplies
The metal rose for a 10th straight session — its longest winning streak since 2017.
Gold price sets new record near $4,500, silver price touches $70
Gold has now gained more than 70% this year and is on track for its best annual performance since 1979.
Copper price tops $12,000 for first time on tariffs, supply woes
Copper prices exceed $12,000 a tonne for the first time on record due to mine disruptions and tariffs, despite weak demand in China.
