October 24, 2022

US mining sanctions take aim at Nicaragua’s Ortega

Biden has signed an executive order that includes the authority to ban US companies from doing business in Nicaragua's gold industry.

October 24, 2022

Copper tech firm Jetti raises funds at $2.5 billion value

Jetti tapped existing investors as well as new backers at a valuation that’s about double its last raise.

October 24, 2022

Analysis: Biden’s EV minerals cash fruitless without permitting reform

President Joe Biden last week doled out $2.8-billion to miners developing new US sources of lithium, nickel, copper, and other EV minerals.

October 24, 2022

UK prosecutors implicate 11 Glencore employees in bribery probe

The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution.

October 24, 2022

Trafigura and EVelution Energy plan to develop cobalt plant

EVelution Energy is expected to start construction of the plant in Arizona in late 2023.

October 21, 2022

Euphoric dollar vexing gold

The euphoric US dollar’s epic parabolic surge over this past half-year continues to sorely vex gold.

October 21, 2022

Gold price rebounds on expectations of Fed rate hike peaking soon

“Gold is staging a comeback as expectations grow that this next 75 basis-point hike will be the last major one,” analyst said.

October 21, 2022

Copper faces long-term shortage as demand outruns supply

BHP CEO Mike Henry said the market will be in “a little bit oversupply” in the next few years, before tightening up toward the end of the decade.

October 20, 2022

‘Strikingly tight’ copper market belies price drop, Freeport says

Macroeconomic headwinds have pushed copper futures down almost 30% from a peak in March.

October 20, 2022

Aluminum rebound buoys Alcoa, muting global slowdown worries

The largest US aluminum producer had third-quarter adjusted loss of $60 million or 33 cents a share, missing the average estimate of 3 cents profit.