February 6, 2025

BOE says tariff premium is fueling clamor to withdraw gold

Tariff worries have led to premiums in the New York market and weeks-long queues to withdraw metal from the BOE.

February 6, 2025

Anglo American to review De Beers value amid weak diamond demand

De Beers rough diamond production decreased by 26% to 5.8 million carats in 2024.

February 6, 2025

Glencore poaches alumina trader from Gunvor

Gunvor mostly trades oil and other energy products, but has recently forayed into metals.

February 6, 2025

Aurubis CFO sees uplift from sulphuric acid, AI industry demand amid earnings beat

The company is building a second module at its new recycling plant in the US state of Georgia.

February 6, 2025

Savannah suspends some lithium prospecting in Portugal after injunction

Savannah was granted access to over 520 hectares of land, which it does not own, for a year.

February 6, 2025

Critical Metals announces $22.5m financing, shares plummet

Critical Metals will issue 4.5 million shares with an offer of $5.00 per share, a significant discount (over 43%) to its opening price Thursday.

February 5, 2025

Financial industry groups raise concern on LME’s OTC trade plans

The LME wants its members to transact OTC trades of up to 10 lots, equivalent to 250 tonnes of copper, on its Select trading system.

February 5, 2025

Gold dealers sell BOE bullion at discount in tariff turmoil

Dealers are quoting prices for gold at the BOE at discounts of more than $5 an ounce below spot in London.

February 5, 2025

UK’s largest lithium extraction facility gets go-ahead

Once scaled to commercial production, the facility in Durham will have a production target of at least 10,000 tonnes a year.

February 4, 2025

Fundraising by junior, intermediate miners at lowest since 2019: S&P

Funds raised by junior and intermediate mining companies dropped by 12% in 2024 to $10.27 billion, its lowest in five years.