Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the US-China trade impasse lifted financial markets. Brent crude’s rapid recovery this year — with the biggest quarte…
Oil nears $70 as Opec tightens supply, hopes for trade deal grow Read More »
Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a ton, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark material rallied as…
Iron-ore thunders higher as mine dams closed, exports collapse Read More »
The UK’s financial regulator added a small diamond pricing firm to its roster of companies managing market benchmarks, opening the way to making the precious stones a more investable asset. The Financial Conduct Authority has authorized U2 Diamond Pric…
Diamond ETF gets closer as UK approves gem pricing benchmark Read More »
The World Trade Organization (WTO) slashed its global trade growth projection for 2019 to the lowest level in three years, citing the impact of rising commercial tensions and tariffs. World merchandise trade growth will slow to 2.6% this year and 3% ne…
Tariff war will hammer global trade growth this year, WTO says Read More »
AngloGold Ashanti is complying with an order from South Africa’s Department of Mineral Resources to amend its mining rights to reflect black economic empowerment, the company’s spokesperson Chris Nthite said. The world’s No. 3. gold producer may have c…
AngloGold to comply with South African mining rights directive Read More »
Palladium is heading for the biggest weekly decline in more than three years as investors’ focus turned to demand amid concerns over slowing global growth, with the slump following repeated warnings that the metal’s recent surge to record highs had pro…
Told-you-so rout hammers palladium after slew of bubble warnings Read More »
Vladimir Putin’s quest to break Russia’s reliance on the US dollar has set off a literal gold rush.
Within the span of a decade, the country quadrupled its bullion reserves and 2018 marked the most ambitious year yet. And the pace is keeping up so far…
Russia is stocking up on gold as Putin ditches US dollars Read More »
Palladium fell for a third day, heading for the biggest drop in almost nine years and fueling concern that the metal’s multi-month rally has run out of steam.
The commodity used in pollution-reducing auto catalysts, which surged to a record last week …
Palladium ‘bubble has burst’ in metal’s biggest drop since 2010 Read More »
BHP Group is among the potential bidders for Blackstone Group and LLOG Exploration Co.’s oil-exploration joint venture Bluewater, according to people with knowledge of the matter.
The Bluewater business, which is also attracting interest from closely …
BHP is said to weigh bid for Blackstone-backed Bluewater Read More »
A Kazakh mining company sued the UK’s anti-fraud authority for $93-million – the amount it has racked up in legal costs – as the agency moves closer to a decision on whether to charge one of its billionaire owners.
Eurasian Natural Resources Corp clai…
ENRC sues UK fraud cops as corruption charges loom Read More »
