February 9, 2025

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

The US President said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately.

February 7, 2025

London sees record gold outflow in January in race to ship to US

The amount of gold stored in London vaults fell by 4.9 million troy ounces in January, the largest monthly decline since records began in 2016.

February 7, 2025

Anglo American nears De Beers spinoff

Botswana, which holds a 15% stake in De Beers valued at $2.5 billion, is considering increasing its stake in the diamond miner.

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.