There’s a big shift in the balance of power in the global gold market. A relentlessly expanding physical hoard of bullion stored in London and New York means exchange-traded funds have usurped managed money in the futures market as the key driver of th…
Hedge funds in gold futures market get crushed by ‘big boy’ ETFs Read More »
For a metal intrinsically tied to economic growth, copper has had a spectacular few months, surging about 50% from a March low to more than recoup its initial losses in the pandemic. Despite the uncertain global outlook as the coronavirus spreads, pric…
Copper’s 50% pandemic rally isn’t scaring bulls away yet Read More »
A hedge fund manager who returned 47% this year by betting on gold and Treasuries says the next decade is going to be marked by inflation that central banks are powerless to control.
Diego Parrilla, who heads the $450-million Quadriga Igneo fund, says…
Doomsday hedge fund sees gold topping $3 000/oz Read More »
Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among Opec+ members over cheating of quotas are being resolved. …
Opec+ oil tensions ease after Saudis speak to Iraq and Nigeria Read More »
The world’s biggest ruby mine, Gemfields’ Montepuez operation in northern Mozambique, has reported an outbreak of coronavirus. The company had already placed the operation under care and maintenance in April due to the pandemic, and on July 12 “a few” …
World’s biggest ruby mine reports coronavirus outbreak Read More »
China’s steel buyers have pounced on cheap offers from around the world to feed buoyant demand at home, with flows to the biggest market reaching levels unseen since the global financial crisis.
Imports of finished steel products jumped last month to …
China snaps up steel as pandemic creates two-speed global market Read More »
Copper has erased losses racked up in the early months of the coronavirus outbreak. China’s economic uptick, set to be confirmed by second-quarter figures this week, is encouraging an optimistic view of demand. Latin American supply constraints may be …
Copper’s made-in-China rally has friends Read More »
Franco-Nevada will do at least $500-million in streaming and royalty deals in mining this year, and a lot more if base-metal producers proceed with several larger financing deals in the $500-million to $1-billion range.
That’s the view of the Toronto-…
Franco-Nevada eyes $1bn deals as base metals lag gold Read More »
Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International as the price of bullion soars to the highest in more than eight years. Landela Mining Ventures, which is controlled by Sotic, bought two of Zimbabwe’s gold mines …
Zimbabwe gold mines lure offshore investor despite economic ruin Read More »
The red-hot rally in gold prices driven by investor concern about the coronavirus pandemic and its impact on the global economy has propelled South African gold stocks to record-slaying highs. A Johannesburg index of producers has surged more than 90% …
Johannesburg gold stocks slay records as virus bolsters bullion Read More »
