The International Energy Agency bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previou…
IEA warns oil demand recovery at risk from virus resurgence Read More »
Copper prices are surging, and for once it’s not because the economy is booming.
The metal – known colloquially as Dr. Copper because its performance is often used to gauge the health of the overall economy – has surged by a staggering 45% since mid-M…
Copper is surging, but it doesn’t mean economy is booming Read More »
The Economic Transformation Committee of South Africa’s ruling African National Congress suggested that pension funds take over some of the assets of the indebted state power company. The proposal to transfer parts of Eskom Holdings SOC Ltd. into non-s…
ANC suggests pension funds take some Eskom assets Read More »
Gold prices could be set to take out their long-standing record as mounting concerns about the global economy fuel gains above $1 800/oz. Spot bullion extended its advance into a sixth day as the resurgence of the coronavirus in some parts of the world…
Record-high gold prices are in sight Read More »
Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change.
First State Super said it will advocate for Australia’s economy to…
$83bn Australian pension fund to divest from thermal coal Read More »
The world’s biggest publicly traded copper company is navigating the pandemic better than it thought.
Freeport-McMoRan expects to report about 8% more copper sales volume and 10% more gold in the second quarter than it forecast in April when it was fi…
Freeport is selling more copper than it thought in pandemic Read More »
As Chile’s giant copper mines battle to keep workers healthy in the Covid-19 pandemic, a laboratory in the country is touting the use of tiny specks of the metal to contain the spread among the general population.
Santiago-based Aintech says its produ…
In copper country, they’re using the metal to fight the virus Read More »
Gold’s allure is only getting stronger as 2020 unfolds. Spot prices reached $1 800/OZ and year-to-date inflows into bullion-backed exchange-traded funds have topped the record full-year total set in 2009. Investors have favored havens this year as the …
Gold’s rally to $1 800 sees ETF inflows exceed full-year record Read More »
It’s no coincidence that global copper prices and Chilean Covid-19 cases are rising together.
Chile, which accounts for more than a quarter of global supply, is battling to maintain output levels as more workers fall ill amid a nationwide surge of inf…
Thousands of copper workers have fallen ill in Chile Read More »
A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore.
Kobold Metals has acquired rights to an area of about 1 000 km2 — roughly the size …
Bill Gates-backed company to hunt for cobalt near Glencore mine Read More »
