The price of zinc hit a four year high on the London Metal Exchange (LME) last week as plunging western stockpiles and mine supply cuts squeezed the physical market. LME zinc for cash settlement closed at US$4,107 per metric ton (MT) on August 27, the highest level since June 2022. The metal has rallied 55 percent from a mid-2025 trough of …
Continue ReadingThe transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said. The Dutch central bank (DNB) said on Wednesday it had moved 86 tonnes of its gold stock out of the United States and Canada to London, citing “increasing geopolitical unrest.” The DNB said gold reserves held in London could …
Continue ReadingCATL’s Jianxiawo lithium mine, China’s largest by capacity, is back in care and maintenance after regulators revoked its environmental approval, delaying a meaningful return of supply to a tightening market. Benchmark Mineral Intelligence cut its 2026 mined output forecast for Jianxiawo to 32,000 tonnes of lithium carbonate equivalent (LCE) from 62,500 tonnes. Its 2027 forecast remains unchanged at about 99,000 tonnes. The …
Continue Reading