Fund money has surged into the London Metal Exchange (LME) aluminium contract over the past couple of months as investors bet that the market’s days of chronic oversupply are coming to an end. Investors have built up record long positions, fuelling a six-month rally that has seen the LME three-month metal trade this week above […]

Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion was still on track for its third straight monthly gain. Spot gold was down 0.4% at $4,005.54 per ounce, as of 0459 GMT. Bullion has gained 3.9% so far this month. U.S. gold futures for December […]

Gold prices rose nearly 2% on Thursday, buoyed by a Federal Reserve interest rate cut as well as lingering uncertainty over the outcome of a trade deal between China and the U.S. Spot gold was up 1.7% at $3,995.59 per ounce as of 11:26 a.m. ET (1525 GMT), having risen nearly 2% earlier in the […]

Tomago Aluminium has today started a consultation process with employees on the potential future of its operations. Since 2022, Tomago Aluminium has undertaken a comprehensive market-sounding process to identify an economically viable energy solution for when its existing electricity supply contract expires. Despite extensive engagement and market approaches, Tomago is yet to identify a pathway […]

Gold prices jumped 2% on Thursday, helped by dollar weakness after a Federal Reserve rate cut and as investors remained uncertain regarding the outcome of a trade deal between China and the United States. Spot gold climbed 1.3% to $3,980.00 per ounce as of 1109 GMT. U.S. gold futures for December delivery slipped 0.2% to […]

Gold funds received their largest weekly inflow on record in the week to Wednesday, Bank of America Global Research said in a note citing EPFR data, a week in which the precious metal’s price surged to a new record, before retreating sharply. Gold funds saw inflows of $8.7 billion in the week BofA said, putting […]

Anglo American plc (“Anglo American”) announces that Hixonia Nyasulu has decided to step down as a non-executive director of the Board of Anglo American on December 31, 2025, after six years of service, to focus on her broader board portfolio. Hixonia Nyasulu has been an independent non-executive director since November 2019, and she serves on […]

Futures linked to Canada’s resource-heavy main stock index fell on Wednesday following a sharp decline in the previous session, pressured by ongoing weakness in metal prices and uncertainty surrounding trade and geopolitical issues. December futures on the S&P/TSX index were down 0.3% at 05:54 a.m. ET (0954 GMT). The Toronto Stock Exchange’s composite index posted its […]

Rio Tinto is exploring a potential asset-for-equity swap with Chinalco that would trim the Chinese investor’s 11% stake, freeing up Rio to resume buybacks and pursue new strategic deals, three people familiar with the matter told Reuters. State-owned mining giant Aluminium Corporation of China Limited (Chinalco) would exchange part of its holding for partnerships in […]

Gold extended its rally to a new record high on Thursday, as investors turned to the safe-haven asset due to U.S.-China trade tensions and the U.S. government shutdown, with prospects of interest rate cuts further boosting demand. Spot gold was up 0.7% at $4,235.41 per ounce, as of 1012 GMT. Earlier, bullion touched a record […]