Glencore set to lose crown as top cobalt miner to China’s CMOC
The Chinese company aims to double production this year, as it brings another massive Congolese mine online.
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Goldman Sachs expects commodities supercycle
Bank expects the copper price to hit $10,500 in the near term.
Copper boosted development of most important trade hub of Late Bronze Age
Copper and a sheltered location turned the Cypriot village of Hala Sultan Tekke into one of the most important trade hubs of the Late Bronze Age.
Wyloo seeks takeover of nickel explorer Mincor Resources
Wyloo offered to buy all the shares of nickel miner Mincor it does not already own for an implied equity value of $504 million.
Former director of Tesla Australia sentenced for insider trading
The Australian Securities and Investments Commission found that Kurt Schlosser purchased shares in Piedmont after being informed of details of a five-year spodumene concentrate supply agreement.
First Majestic stock plunges as it shuts down Jerritt Canyon gold mine in Nevada
The Jerritt Canyon operation was expected to produce between 119,000-133,000 oz. of gold this year.
JPMorgan owned the LME ‘nickel’ that was actually bags of stones
It’s not clear whether the bags ever contained nickel, and whether the issue is a result of error, theft or fraud.
Thor Explorations more than doubles resource at Senegal gold project
The updated estimate’s 1.78 million oz. of contained gold is a 144% increase compared with an initial resource in November 2021.
Trafigura sees fresh copper price records within a year
The world’s biggest copper trader believes the metal could even surpass $12,000 a tonne within 12 months.