US aluminum buyers hunt for alternatives as Iran war upends global supply
About 6 million tons of primary aluminum — metal that has not yet been recycled — is now stranded in the Middle East.
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Trump gives US gold buyers a way around Venezuelan sanctions
The Treasury’s Office of Foreign Assets Control issued a license allowing US entities to undertake certain transactions involving Venezuelan gold.
Aluminum supply shock brings massive options bet into the money
April-expiry options with a notional value of several billion dollars have rapidly come into the money on the London Metal Exchange.
China, US pressure Ghana to halt gold royalty hike
Africa's largest gold producer wants to replace its fixed 5% royalty with a sliding scale between 5% and 12% linked to bullion prices.
United States Antimony graduates to NYSE
The Texas-based company will begin trading on the NYSE under the same ticker symbol on March 11.
Gold stuck in Dubai is being sold at discount as war widens
Traders are offering discounts of as much as $30 an ounce to the global benchmark in London.
A copper market awash with metal sours traders’ bullish mood
Even before the war in Iran triggered widespread concerns over a potential hit to global growth, copper sellers were struggling to offload cargoes.
Gulf disruption squeezes Indonesia nickel makers’ sulphur supply
Nickel makers in Indonesia are reliant on the Middle East for 75% of their sulphur.
South32 Hermosa project closer to US federal approval
Draft decision from Forest Service advances Arizona zinc-silver project after years of environmental study and review.