March 17, 2022

Gold price shakes off Fed rate hike, back towards $1,950

The precious metal quickly turned around after dropping to a two-week low Wednesday following the US central bank's move to raise interest rates.

March 17, 2022

Signet shocks diamond trade with refusal to buy Russian gems

The move by the largest diamond retailer in the industry’s most important market will create difficulties through the entire global supply chain.

March 17, 2022

Nickel price plunges as traders fume over latest London Metals mayhem

Nickel fell by the maximum allowed for a second day as the market seeks to reset from last week’s historic short squeeze.

March 17, 2022

LME rips up its free-market rule-book to tame wild metals

You can tell the London Metal Exchange is new to price limits, writes Andy Home.

March 17, 2022

Eramet, Suez eye EV battery recycling in France by 2024

The joint project would produce black mass, a metal concentrate containing nickel, cobalt, manganese, lithium and graphite that is suitable for hydrometallurgical refining.

March 17, 2022

VW joins sustainable mining initiative to boost scrutiny

Other carmaker members of IRMA include General Motors and Ford.

March 16, 2022

Severstal gets Kremlin OK to pay debt, says Citi may block transaction

Severstal’s interest payment is due to holders of $800 million in so-called loan participation notes that mature in 2024.

March 16, 2022

Russia pressures metals producers to keep prices at home low

The government has asked steel, nickel and aluminum producers to maintain low prices at home.

March 16, 2022

Energy traders lobby for urgent funds to avoid liquidity crisis

The European Federation of Energy Traders is petitioning for “emergency funding mechanisms” in order to prevent some traders from experiencing liquidity problems.

March 16, 2022

Gold price bounces back after Fed’s rate hike announcement

Benchmark 10-year US treasury yields are approaching the highest in almost three years, placing further pressure on bullion.