April 7, 2023

Central banks are buying gold at a record pace so far in 2023

In January and February, central banks collectively bought a net 125 tonnes of the metal.

April 7, 2023

China expands gold reserves at central bank for fifth month

The People’s Bank of China raised its holdings by about 18 tons in March.

April 6, 2023

Iron ore price falls to lowest in 3 months on weak steel demand

Analysts expect steel demand to gradually pick up.

April 6, 2023

China’s lithium hub cuts back production after price collapse

Some lithium producers in Yichun in Jiangxi province, including two major ones, have reduced processing rates to stem losses.

April 4, 2023

Iron ore price expected to ease over next 5 years on slower demand growth and more supply

In the long term, Fitch expects prices to decline to $50 a tonne.

April 4, 2023

Shanghai Futures Exchange lowers margin requirements for metals trading

Margin requirements for copper and aluminum will be lowered from 12% to 9%.

April 4, 2023

Companies can vie to mine the deep sea starting in July

The Metals Company expect to file an application in H2 2023 and to receive a mining license in 2024.

April 3, 2023

Iron ore price slides on Chinese regulatory crackdown worries

The Chinese state planner has issued several warnings against hoarding and speculation in recent weeks.

April 3, 2023

Copper price back below $9,000 on weak China industrial activity

Metal price was also impacted by the rise in oil prices and fears about inflation and higher interest rates in the US.

April 3, 2023

Factbox: Automakers accelerate the drive to secure battery raw materials

Rising demand for EVs is encouraging automakers such as Tesla, Volkswagen and Stellantis to step up efforts to secure raw materials.