March 16, 2023

Glencore won’t renew Rusal aluminum deal as things stand

Glencore Plc is willing to walk away from a $16 billion deal to buy aluminum from Russia’s No. 1 producer.

March 16, 2023

Glencore CEO says his company is cheapest way to benefit from copper price boom

Larger rivals BHP Group and Rio Tinto Group have already made billion-dollar moves to grow in copper in the past year.

March 15, 2023

Moody’s upgrades global metals & mining outlook to stable  

The investors service maintained its 12-month price assumptions and medium-term sensitivity ranges for all commodities except coal.

March 15, 2023

Polyus reports 27% drop in core profit as sales fall

Net profit declined 32% to $1.6 billion on the back of a 14% fall in revenue to $4.3 billion.

March 15, 2023

BHP potentially faces $44 billion bill in Brazil dam case

The lawsuit, one of the largest in English legal history, was thrown out in 2020 before the Court of Appeal ruled in July that it could proceed.

March 15, 2023

Gold price rebounds as fresh banking crisis hits risk appetite

The latest rally comes despite a sharp jump in the US currency, which would usually weigh on demand for the greenback-priced bullion.

March 13, 2023

Trafigura’s head of metals operations to leave in restructuring

Svetlana Kabanova, who ran operations for Trafigura’s metals trading unit, is leaving the company.

March 13, 2023

Europe balks at strategic stockpile for critical green metals

The energy crisis has hurt production of several key industrial commodities, exacerbating worries about supply.

March 13, 2023

Nornickel board rejects Rusal proposal to replace chairman

Rusal had proposed replacing current chairman Andrei Bugrov with independent director.

March 12, 2023

UK to spend £20 billion on carbon capture in clean energy push

The UK’s investment would go toward projects that aim to store 20 million to 30 million tonnes of carbon dioxide annually by 2030.