For the handful of hedge-fund traders who built long careers riding the volatility of commodities markets, two things are obvious about copper: it’s cheap and terrifying.
There’s a good argument that the metal – which is in the midst of a record-brea…
Hedge funds say copper is a cheap, but terrifying trade Read More »
When dealmaker Neal Froneman acquired Stillwater Mining three years ago, critics lined up to say he had overpaid for the palladium producer. Now, his $2.2-billion bet on the metal is set to pay off for Sibanye Gold investors.
Sibanye may declare its f…
Mining veteran’s $2.2bn palladium bet to pay dividends Read More »
Chinese commodity markets collapsed on the first day of trading after the Lunar New Year holidays as investors returned to markets gripped by fear over the impact the coronavirus will have on demand in the world’s biggest consumer of raw materials.
Th…
Commodity prices collapse in China as demand fears spook market Read More »
Chinese commodity prices collapsed on the first day of trading after the Lunar New Year break as investors returned to markets gripped by fear over the impact the coronavirus will have on demand in the world’s biggest consumer of raw materials.
The co…
Commodity hammered in China by virus-driven demand fears Read More »
No major commodity has felt the pain of the worsening coronavirus epidemic more deeply than copper.
The metal has tumbled for 12 straight sessions in London, the longest retreat in more than three decades of data. Since January 20 when the outbreak i…
Coronavirus has copper hitting record 12-day losing streak Read More »
The bad news from Sasol’s chemical project in Louisiana keeps stacking up. South Africa’s biggest fuel and chemicals producer said the Lake Charles Chemicals Project will make a smaller contribution to earnings, cutting its guidance for the second time…
More bad news for Sasol’s giant Lake Charles Chemical Plant Read More »
After borrowing billions to fund an overseas expansion to ride a lithium boom, a collapse in prices has left one of the world’s top producers straining under a mountain of debt.
Valued at more than $6-billion, Tianqi Lithium’s predicament highlights t…
China lithium giant faces debt mountain after deal at cycle top Read More »
Teck Resources’ proposed Frontier oil-sands mine won votes of confidence from the heads of two rival crude producers as Canada weighs a decision on the project.
The mine in Alberta won the green light from a government panel last year, and Prime Mini…
Teck’s proposed oil-sands mine gets support from rival producers Read More »
A rift between between Teck Resources and the company it uses to export its coal widened as the Vancouver-based miner publicly accused the shipper of charging too much and contaminating some freight.
The head of Teck, already shifting some steel-maki…
Teck CEO unloads on shipper with gripes about costs and cargo Read More »
Environmental Protection Agency Administrator Andrew Wheeler’s chief of staff is leaving the US agency to work for the nation’s top coal mining trade group.
Ryan Jackson is stepping down from his post after three years to become the National Mining As…
US EPA chief of staff is headed to top coal mining group Read More »
