Metals traders hit with margin-call snafu in chaotic week
A stressful week in markets got even worse for some metals traders when the main exchange’s software misfired by generating erroneous margin calls.
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Fertilizer turmoil bolsters Brazil’s case for mining the Amazon
The potential of potash production in the Amazon Basin is similar to the Urals region, in Russia, and Saskatchewan, in Canada, according to the state geological survey.
Greatland Gold grows Havieron resources by nearly 50%, reserves by 70%
The mineral resource update shows that Havieron's total endowment (including ore reserves) has increased to 5.5moz gold and 218,000t copper.
Congo to sell Gertler’s oil, gold, iron ore permits
Gertler will retain some of his richest assets in Congo, among them royalty streams from two copper and cobalt mines owned by Glencore.
Chile copper production seen recovering from January’s slump
The world’s biggest supplier saw output slide 7.5% from January 2021, with lower ore quality and water scarcity among the reasons.
Tesla’s German gigafactory gets conditional green light
The $5.5 billion plant, located outside Berlin, is expected to boost the carmaker's market share in Europe’s fast-growing EV sector.
Gold price tracking towards best weekly performance since May
Spot gold is trading at a level last seen during the record-setting month of August 2020.
Copper price hits all-time high as warehouses empty out
"The market is in a panic mode in terms of supply" as warehouse inventories hit 16-year low.
Commodity funds in demand as investors seek refuge from soaring inflation
Energy funds have risen 24.7% this year, while precious metals and agriculture funds climbed 12.6% and 9.8% respectively.
