February 11, 2023

Trafigura’s nickel nemesis was already notorious in metal circles

Indian businessman Prateek Gupta and his companies, against whom Trafigura secured a $625 million freezing order this week, have a checkered history in the trading world.

February 10, 2023

Comparing the metal values of the world’s biggest sports trophies

Despite its global recognition and prestige in North American sports, the Vince Lombardi Trophy may not be worth as much as we'd think.

February 10, 2023

Trafigura tells its banks they aren’t exposed to nickel fraud

Trafigura is briefing lenders that none of its banks have direct exposure to the nickel deals linked to systematic fraud.

February 10, 2023

Gold ETFs register $1.6bn in outflows during January – report

While the gold price witnessed its strongest January in a decade, gold ETF outflows in Europe and Asia dwarfed positive demand in North America.

February 10, 2023

US seeks critical mineral pacts with Japan, UK to curb China

The US is looking to create a “critical minerals buyers club” with allies like the EU and Group of Seven.

February 10, 2023

Nornickel 2022 core profit down as sales drop

Nornickel is the world's largest producer of palladium and refined nickel.

February 10, 2023

Visualizing gold’s return across currencies

While gold posted a small gain in 2022 for investors in the U.S., it posted significant gains against other currencies.

February 10, 2023

Column: US tariffs on Russian aluminum risk more market fracture

Russian producers of industrial metals have largely evaded the official sanctions net since the invasion of Ukraine.

February 9, 2023

Russian metal makes up 42% of LME warehouses’ stocks – report

Last year, the LME decided not to ban Russian metal from being traded and stored in its system.

February 9, 2023

Trafigura faces $577 million loss on alleged nickel fraud

The company found that some cargoes it had bought didn't contain the nickel they were supposed to, and spent two months uncovering the scheme.