March 31, 2020

Coronavirus pushes London banks to consider additional gold storage sites

The five banks that clear gold trades are considering expanding their network of storage locations to other countries if it becomes impossible to fly enough gold in and out of…

March 31, 2020

Lead’s viral resistance carries a lesson for other metals

Lead, trading in London at $1,725 per tonne, is down by just 10.1% so far this year.

March 31, 2020

Glencore postpones dividend payment decision

The miner is focusing on protecting and strengthening its capital structure during this period of heightened uncertainty due to covid-19.

March 31, 2020

Global M&A dwindle as coronavirus batters world’s economies

With large swathes of the globe shut down, the M&A pipeline remains patchy and likely to be dominated by rescue deals.

March 30, 2020

Russia, world’s biggest buyer of gold, will stop purchases

With gold prices near a seven-year high and international investors clamoring for a safe haven, Russian dealers are probably eager to sell.

March 30, 2020

Collapsing auto sector a body blow for industrial metals

In terms of industrial metal markets, the automotive sector has turned from hero to zero in the space of weeks.

March 30, 2020

KGHM operating below break-even due to low copper prices, says PM

The company sees no grounds to change its 2020 budget assumptions.

March 27, 2020

Gold stranded by coronavirus may travel on chartered flights

Suppliers are in talks to use chartered or cargo flights to transport the precious metal.

March 27, 2020

Aurubis plant in Italy closed as coronavirus shutters economy

Europe's biggest copper smelter Aurubis said its operations in Italy had been closed for a week.

March 27, 2020

Polyus to launch covid-19 response fund in Russia

A portion of the fund will be allocated to the Magadan region and Yakutia, Polyus’ principal regions of operations.