Hedge funds say they lost $95 million in LME nickel crisis
A group of hedge funds led by AQR Capital Management on Friday applied to force LME to hand over information relating to two key phone calls.
Latest Stories
EnCore Energy wins court challenge to South Dakota uranium project
The Oglala Sioux Tribe and watchdog group Aligning for Responsible Mining wanted a US appeals court to review its decision in August approving the Nuclear Regulatory Commission’s licence.
Gold price facing worst week in a month after Fed’s hawkish signal
Despite a slight gain on Friday, gold remains on course for its biggest weekly decline since mid-November.
World’s coal consumption set to breach new record this year
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time.
Shutting huge copper project shows why miners worry about starting them
Panama’s decision to close a giant copper mine couldn’t come at a worse time for the market.
China’s new iron ore buyer sets off biggest shakeup in years
A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year.
Nucor, Electra partner to produce carbon-free iron for steelmaking
A new process to refine low-grade iron ores into high-purity iron results in zero carbon dioxide emissions.
Rio Tinto secures direct control of Oyu Tolgoi mine
Rio Tinto now has a 66% direct ownership over the world’s largest known copper and gold deposit, located in Mongolia.
Panama to shut down First Quantum’s giant copper mine
Moves comes after the Canadian miner missed a deadline to finalize a deal that would have increased payments to the government from the mine.
