May 13, 2020

HSBC lost $200m in a day on paper as coronavirus dislocated gold market

HSBC said the issue was mainly due to an "unprecedented widening" of the price difference between US gold futures and spot gold in the London market.

May 13, 2020

Russia, Congo, Botswana hold 80% of global diamond reserves

Russia, Congo and Botswana combined have the lion's share of the world’s 1.1 billion million carats in reserves.

May 13, 2020

World’s largest wealth fund blacklists Glencore, Anglo over coal

Norway's $1 trillion wealth fund is excluding some of the world's biggest commodities firms from its portfolio because of their use and production of coal.

May 12, 2020

MetGrow+ project looks at metals recovery

Project found ways to increase Europe’s self-sufficiency in cobalt, nickel and zinc.

May 12, 2020

As demand implodes, zinc supply chain starts to adjust

The LME zinc price has bounced by 20% from its March low of $1,685 a tonne to $2,020.

May 12, 2020

Alrosa’s anemic April sales a new sign of market agony

The world’s top diamond producer by output saw sales dive 95% in April compared to the same month of 2019.

May 12, 2020

Eurobattery Minerals to acquire Hautalampi nickel-cobalt-copper project in Finland

The Swedish company will pay €8.6 million for the project located at the same site as the famous Keretti copper mine.

May 11, 2020

Metals markets to move into surplus — report

Fitch has revised down 2020 copper consumption growth forecasts for China and the US.

May 11, 2020

EU’s top met coal producer cuts output

Poland’s JSW limited output at its most profitable mine after employees tested positive for covid-19.

May 11, 2020

Demand for battery metals to jump 500% by 2050

The World Bank estimates that over 3 billion tonnes of minerals and metals will be needed to meet the growing demand for clean energy technologies.