June 7, 2024

Gold price falls most in two years on jobs data, China buying pause

After surging to a record above $2,450 an ounce, bullion has traded in a fairly narrow range amid the uncertainty over the Fed’s rate trajectory.

June 7, 2024

Iron ore extends gain on easing China demand concern, Fed rate cut bets

China's iron ore imports in the first five months reached 513.75 million tons, a year-on-year rise of 7%.

June 7, 2024

China May rare earth exports jump 36% y/y on restocking

China accounts for 70% of rare earths mining globally and 90% of refined output.

June 7, 2024

China’s central bank paused gold purchases in May after 18 months of buying

The People's Bank of China was the largest official sector buyer of gold in 2023.

June 5, 2024

China’s unusually large copper stockpiles fuel demand concerns

Stockpiles of the metal held in Shanghai Futures Exchange warehouses ended last week well above 300,000 tonnes.

June 5, 2024

Iron ore price hits seven-week low on softening China steel demand, higher supply bets

Iron ore futures extended their decline to a fifth straight session on Wednesday.

June 5, 2024

De Beers aims to rebrand as top jewellery group

De Beers seeks becoming a leading luxury jewellery retailer as it reels from weak market conditions and the failed BHP bid for Anglo American.

June 4, 2024

Gold purchases by central banks were strong in April despite high prices, WGC says

Demand from global central banks for gold has been elevated for two years as they diversify their foreign currency reserves.

June 4, 2024

Copper price falls through $10,000 as exchange inventories keep rising

Stockpiles on the Shanghai Futures Exchange have climbed to the highest since 2020.

June 3, 2024

MMG plans to raise $1.16bn to repay debt, fund mine development

The Chinese miner is raising funds to support the ongoing development of its operating mines.