Alleged $600 million nickel fraudster can’t pay his bills Prateek Gupta was last year accused by commodities giant Trafigura Group of orchestrating a massive fraud against it. Bloomberg News | March 19, 2024 | 10:51 am
Implats’ Zimbabwe unit plans voluntary job cuts to contain costs Weak platinum group metal prices are projected to last for the next 12 to 18 months. Bloomberg News | March 18, 2024 | 12:44 pm
Copper price hits new 11-month high with global rate policy in focus Prices climbed as much as 1% to $9,164.50 a ton on the London Metal Exchange. Bloomberg News | March 18, 2024 | 11:11 am
South Africa optimistic for tax breaks to kick-start EV industry South Africa has abundant supplies of raw materials vital for the manufacture of lithium-ion batteries. Bloomberg News | March 18, 2024 | 9:14 am
Global commodity trading profits topped $100 billion for second-best year ever While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009. Bloomberg News | March 18, 2024 | 7:57 am
China coal output posts first decline since Beijing ordered more Coal production dropped 4.2% from a year earlier for January and February combined, the first year-on-year decline since September 2021. Bloomberg News | March 18, 2024 | 7:28 am
Widjaja family’s consortium seeks private credit for mine deal A consortium led by Golden Energy is sounding out private credit funds to finance its $1.65 billion acquisition of South32's Illawarra coal operation in Australia. Bloomberg News | March 18, 2024 | 6:24 am
Tropical Cyclone Megan closes major mine in Australia’s north The storm has already led to the closure of a manganese mine on Groote Eylandt island, the world’s largest producer of the metal. Bloomberg News | March 17, 2024 | 4:26 pm
Gold beans all the rage with China’s Gen Z as deflation bites Weighing as little as one gram, the beans are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty. Bloomberg News | March 17, 2024 | 9:50 am
BHP stands down 25% of nickel project workforce BHP has stood down around a quarter of the workers constructing its West Musgrave nickel and copper project in Western Australia. Bloomberg News | March 17, 2024 | 9:20 am
Lithium permit freeze limited to new projects, Argentina province says Companies such as Arcadium Lithium and Posco Holdings are free to continue producing the metal and developing existing projects, Catamarca said. Bloomberg News | March 15, 2024 | 11:05 am
Congo rebels block trade routes, threatening supply of key metal The world’s supply of tantalum, an essential component in most computers and mobile phones, is under threat. Bloomberg News | March 15, 2024 | 10:36 am