Copper’s spike isn’t justified by fundamentals, Trafigura says
Trafigura has long been one of the copper market’s most bullish voices.
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New copper fund revives controversial product
Sprott Inc. has launched a $100 million fund that will buy and hold physical copper.
Global gold ETFs saw first inflows in a year in May, says WGC
Higher gold prices and inflows drove total assets under management up 2% to $234 billion, the highest since April 2022.
London gold body reviews purity concerns about Indonesian state miner
Investigators said over the period of 2010-2021, former managers at Antam oversaw production of around 109 tons of gold through an alleged illegal practice.
Atlantic Mining seeks to turn Touquoy mine into renewable energy hub
Company will explore the feasibility of converting the now closed Touquoy gold mine into a renewable energy hub in Nova Scotia.
Nevada Copper fears shutdown without immediate funding; stock plunges
The miner said it generated lower sales through the ramp-up process in Q4 than previously anticipated, which impacted its financing requirements.
Botswana may raise De Beers stake as Anglo weighs spin-off
The government owns a 15% stake in De Beers and Botswana accounts for 70% of the company's annual rough diamond supply.
Gold prices may hit another record high in 2024, Metals Focus says
Sentiment towards gold is supported by fears over US government debt and elevated geopolitical tensions.
Newmont CEO sees copper demand boom driving mining deals
Tom Palmer pointed to artificial intelligence as a surprisingly large new source of copper demand.
