ArcelorMittal offered a cautiously upbeat outlook for the global steel industry, saying its core markets are showing signs of recovery from exceptionally low levels amid the coronavirus pandemic.
“The first six months of the year, and particularly the…
ArcelorMittal sees steel market improving Read More »
Occidental Petroleum Corp is in talks about a potential sale of energy assets in Africa and the Middle East to Indonesia’s state-owned PT Pertamina, people with knowledge of the matter said. Pertamina is negotiating the acquisition of oil and gas stake…
Occidental discusses $4.5bn asset sale to Pertamina Read More »
Silver’s biggest monthly rally since 1979 has mainly been a story of strong demand. Investors are seeking shelter from pandemic turmoil and negative rates while industrial demand for the metal recovers in some parts of the world.
But here’s another re…
The other reason silver is soaring: Disruptions in Latin America Read More »
China’s purchases of iron-ore from India rocketed to an eight-year high in the first half of 2020, fueled by supply shocks at major producers and record steel output at the world’s largest steelmaker.
Shipments of the raw material from India more than…
China’s iron-ore appetite pushes Indian imports to 8-year high Read More »
Two decades ago, a burst in the dot-com bubble meant that shares of Ballard Power Systems may have been dead in the water. Now, it’s rebounding with a vengeance.
After a meteoric rise that saw the hydrogen fuel-cell company’s stock surge more than 400…
Fuel-cell firm stages comeback 20 years later with help of China Read More »
Rio Tinto Group, the world’s second-biggest miner, is accelerating its work on potential development of the giant Simandou iron-ore project in Guinea as half-year earnings showed the steel-making ingredient dominated the producer’s profits.
New studie…
Rio Tinto accelerates Africa plans as iron-ore shores up profits Read More »
Gold has just smashed a record, and every major bank agrees that it’ll cross $2 000/oz. What happens next is where forecasts diverge. JPMorgan Chase & Co says the rally that has already seen prices rise 28% in 2020 could start to lose steam later t…
As gold smashes records, forecasters ask whether peak is near Read More »
The US Mint has reduced the volume of gold and silver coins it’s distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows. The Mint’s West Point complex in New York is taking measures to pre…
US Mint has reduced silver, gold coin supplies to purchasers Read More »
Gold futures traded at a record as the dollar plunged and concerns about the global economy boosted demand for havens, while the most-active contract rolled to a month that had already topped the all-time high. Bullion’s move came as a gauge of the dol…
Gold futures touch record as haven demand builds, contract rolls Read More »
Shuttering businesses, grounding airlines and ordering people to stay home was hard enough the first time. The thought of having to do it all over again is something world leaders don’t want to even contemplate. From Italy to New Zealand, irrespective …
The dilemma of Covid-19’s second wave Read More »
