The Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (ZCDC) reported losing an estimated US$140 million dollars worth of round diamonds from their repositories. The missing diamonds weighed a total of 350,000 carats and were valued at …
POSCO Coated & Color Steel has announced it would end its partnership with a Myanmar military-controlled firm amidst backlash that its business benefited the military leadership, on Friday. The South Korean steelmaker said it would end its business with junta-controlled …
The copper industry needs to invest $100 billion by 2030 to close an annual supply deficit of 4.7 million tons as clean power and transport sectors boom. Estimates from CRU Group and Trafigura Group further estimate that the deficit could …
The Columbian and Peruvian governments have started discussions on centralizing gold purchases between the two nations, in an attempt to combat illegal and unsanctioned gold sales. On Tuesday Columbian President Ivan Duque said that they are considering the move because …
Tesla has agreed to partner with a nickel mine in New Caledonia in order to sure up their supply line for lithium-ion batteries. “Nickel is our biggest concern for scaling lithium-ion cell production,” said Elon Musk earlier in 2020 when …
Copper prices soared to their highest levels since April 2012, despite no market evidence to support the precious metals meteoric rise. Copper’s price per ounce hit $3.91 (+2.36%) today, with nickel and aluminum seeing similar spikes to record highs of …
Copper prices have soared 5.3% last week on the London Metal Exchange (LME), reaching its highest level since September 2012 which was driven by expectations of stronger demand and tight supply. On the LME, it climbed as much as 0.9 …