Goldman told clients to go long copper a day before price plunge
Goldman suggested clients buy September calls with a $6.25 strike price – about 11% above the prevailing price at the time.
Latest Stories
Site visit: Unearthing buffalo spirit stones in Alberta’s Bearpaw Formation
The only known ammonite reserves in the world are in the Bearpaw Formation.
Canada’s Sudbury, Voisey’s Bay expansions boost Vale nickel, copper output
Nickel sales drove base metals revenues to $1 billion, a 15% rise, as copper revenues climbed 23% to $958 million.
Winning consortium vows responsible mining at Guinea’s Simandou
Commitment follows NGO which revealed that construction of the Simandou project was linked with water and soil pollution.
Copper price posts second weekly drop after Trump’s tariff surprise
Traders are now rushing to book storage space for copper in a bet that Trump’s decision will prompt a wave of supplies stockpiled in the US to be shifted to LME warehouses.
Ivanhoe’s Friedland raises Kamoa-Kakula cost outlook
“Management’s goal is to return Kamoa-Kakula to similar throughputs as previously planned by 2027," analyst says.
Vale says ERG Brazil mine investment still not adding up
The Bahia Mineração project, known as Bamin, needs an estimated 30 billion reais ($5.4 billion) investment.
Idaho Strategic rises on gold property acquisition from Hecla
Company said its acquisition of Toboggan represents the first time the two major components of the Murray gold belt has been united.
Gold price rebounds nearly 2% on US payrolls data
Spot gold climbed 1.8% to $3,348.31 per ounce to erase all of this week's losses.