Car industry faces shutdown threat over magnets
AUTOMAKERS across Europe are confronting potential factory closures by mid-July as Chinese export restrictions on rare-earth magnets threaten to trigger the industry's third major...
Copper smelters face record losses amid oversupply
COPPER smelters are paying unprecedented sums to process raw materials as China's aggressive expansion of processing facilities creates a global market imbalance that threatens...
Valterra leads charge as platinum surges to three-year high
SHARES in Valterra Platinum, which last month demerged from Anglo American, surged in Johannesburg after the platinum price reached its highest in more than...
Six consortia show interest in De Beers
DE BEERS has attracted interest from at least six consortia, including commodities billionaire Anil Agarwal, Indian diamond firms and Qatari investment funds, Reuters reported...
Petra Diamonds abandons ‘regular tender cycles’
PETRA Diamonds has abandoned regular diamond tenders in favour of opportunistic sales as the market for unpolished goods continues to struggle.
Commenting in a sales...
Omnia declares second special dividend running
SOUTH African chemicals company Omnia Holdings declared a special dividend for the second consecutive year on Monday, as its expanding explosives business helped counteract...
Partnerships will transform Africa’s mining sector
AFRICA'S mining sector stands at a crossroads. With its vast mineral reserves, the continent possesses the resources to power the next phase of development...
A year after unveiling its restructure, Anglo has surprised the market
Voicemail is on the decline globally, 8% lower since 2020, according to US company Vonage. Coca-Cola removed it from its corporate headquarters three years...
Global nickel oversupply expected until 2028
THE global nickel market faces prolonged oversupply until at least 2027-2028, according to Reuters citing industry analysts at a metals conference in Jakarta this...
Cobalt Holdings scraps £180m London IPO
COBALT Holdings has abandoned its planned London listing just weeks after announcing a $230m share offering backed by leading investors including Glencore, said the...