Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminum, copper and nickel produced by Russia and barred the import of the metals into the US and Britain. The action is aimed at disrupting Russian export revenue amid Moscow’s ongoing invasion of Ukraine, which has killed or wounded tens of thousands and reduced […]
Battery Metals
US, UK take action targeting Russian aluminum, copper and nickel
Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminum, copper and nickel produced by Russia and barred the import of the metals into the US and Britain. The action is aimed at disrupting Russian export revenue amid Moscow’s ongoing invasion of Ukraine, which has killed or wounded tens of thousands and […]
Battery breakthrough could eliminate range anxiety for electric vehicles
Scientists have discovered a new process that could supercharge the transition to next-generation rechargeable batteries capable of more than doubling the range of current electric vehicles. The research could help facilitate a switch from conventional lithium-ion batteries – which are found in everything from smartphones to electric cars – to solid-state sodium batteries, which are […]
Vitol CEO confirms energy trading giant is getting into metals
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with an “exciting decade” ahead. “It’s a relatively small addition to our business,” Chief Executive Officer Russell Hardy said at the Financial Times Commodities Summit on Tuesday. Hardy’s comments are the first public acknowledgment […]
BHP set to dethrone Codelco as world’s biggest copper producer
The copper industry is about to get a new leader as BHP Group overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates. As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year, disrupting the Chilean state-owned behemoth’s reign as […]
Copper hits fresh 14-month high on supply fears, China optimism
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter supply and hopes for a recovery in Chinese demand. Prices climbed as much as 1.7% to $9484.50 a ton on Monday before paring some of the gains. The metal has rallied about 15% in the last two […]
Could Fracking Tech Be the Key to Tapping Geothermal’s Potential?
Geothermal energy provides one of the cleanest and most consistent sources of renewable energy on Earth. In theory, there is enough geothermal energy under the Earth’s crust to sustainably power the entire planet – so why aren’t we using so incredibly little of it? The issue is tapping into that radiant heat – only a […]
Biggest gold miners are missing out on bullion’s record run
The world’s biggest gold miners are at risk of missing out on the metal’s record run after spending billions of dollars to become the obvious home for bullion-focused investors. Despite gold hitting all-time highs almost daily, Newmont Corp. shares were down about 6% this year to Thursday’s market close, while rival Barrick Gold Corp.’s stock had fallen […]
Bullish gold wagers swell as funds climb aboard record price run
Hedge funds and money managers boosted bullish bets on gold to the highest in four years as prices of the precious metal reached a series of peaks. Their net-long positions in US bullion futures and options surged 13% in the week ended April 2 to the highest since 2020, according to Commodity Futures Trading Commission data […]
Copper price jumps to new 14-month high on supply risks, demand hopes
Copper rallied to the highest in 14 months as investors flock to the bellwether industrial metal in response to rising supply risks and hopes for a global recovery in demand. Prices climbed as much 1.5% on Thursday after dovish comments from Federal Reserve Chair Jerome Powell added impetus to a rally that began in early […]