Trader buys $36m of copper and gets painted rocks instead
The saga unfolds like a gangland thriller, with the Swiss trading house saying it’s been the victim of cargo fraud.
Latest Stories
Energy Fuels to start rare earth recovery in Utah
The first shipments of natural monazite ore have arrived at the White Mesa mill in Utah.
Discovery Harbour partners with Newcrest on Nevada gold project, stock jumps
The companies have entered an option and earn-in agreement for the early-stage Fortuity 89 gold property.
Copper price rises on demand hopes
Copper futures advanced in London and New York on Wednesday on hopes of rising demand, but prices in Shanghai fell on fears of policy tightening by top consumer China.
Neo Performance eyes expansion of European rare earth processing plant
European officials expect the continent's demand for specialized minerals to jump as much as tenfold by 2050.
More platinum deficits to come after record undersupply in 2020 – WPIC
By disrupting mining activity, the coronavirus pandemic affected platinum supply much more than demand, pushing the roughly 8-million ounce market into a deficit of 932,000 ounces last year.
Danakali looks into solar, wind to power Eritrea potash project
The Australian miner says that both energy sources are viable power alternatives for its 100%-owned Colluli sulphate of potash (SoP) project.
Nornickel’s $2 bln fine will be used to improve Arctic environment – Putin
The leak of 21,000 tonnes of diesel into rivers and subsoil from a rusty-looking storage tank at mining firm Nornickel's power plant in Siberia angered President Vladimir Putin.
Copper prices to hit record high in next 12 months, China’s Maike says
He Jinbi believes as top consumer China builds metals-intensive renewable energy and electric vehicle infrastructure, copper and other base metals will see serious supply deficits in future.