More News

What sets HSBC apart is its clout in the bullion market. It is one of the world’s largest custodians of precious metals and one of four clearers on the London gold market, where over $30 billion of the metal changes hands every day.

With the US Federal Reserve expected to hold its key interest rate at near 2-decade highs this Wednesday, the gold price hit new all-time highs in most major non-Dollar currencies, including the Chinese Yuan, Euro, British Pound and Japanese Yen, ahead of tomorrow's Bank of Japan decision and then the UK's Bank of England on Thursday.

Currently, according to industry data, approximately 97% of Germany’s (natural gas) grid is capable of transporting hydrogen fuel.

Sibanye-Stillwater announced today restructuring plans of its South African platinum group metal (shafts) affecting 4,095 full time employees and contractors. The precious metals miner said the restructuring was owing to cost increases in electricity and water especially as well as the deterioration in PGM prices this year.

Amplats posted a -9% decline in refined PGMs output to 909,700 Toz for the third quarter partly owing to a five day water supply interruption.

AN estimated 543 miners are being held hostage in an underground gold mine in Springs, east of Johannesburg by the Association of Mineworkers & Construction Union (AMCU), said reports including one by the Citizen, a newspaper, which first reported the incident on Monday.

Taiwan’s computer manufacturer Acer said that PC demand has come back and the firm has seen year-to-year growth in the third quarter.
“We have seen the demand reach the bottom during about the May timeframe this year and ever since that, the demand has come back. For Q3, we have already seen YoY growth,” said CEO Jason Chen.
Latest Canalys data showed that the global PC market saw a slower ...

Green technologies have emerged as the largest demand vector for silver — including the uptake of solar panel technology, the rise of electric vehicles and the shift to 5G cellular service.
Industrial demand for silver, especially for solar panels, is expected to put the silver market in deficit again this year and create significant market imbalances in the future.

The Vang family was part of a nationwide catalytic converter theft ring that ceased operations in October of 2022 after authorities coordinated a takedown of thieves, dealers and processors over a $600 million sale to a metal refinery. (Matt: Processor w/zero KYC “Know Your Customer” infrastructure leads to you being a magnet for criminals. Is DG Auto is the only one using you?)

Six people who ...

A new ternary alloy catalyst (Cu-Au-Pt) was developed that is not only cheaper but also performs more than twice as efficiently as traditional platinum catalysts. The novel catalyst uses just 37% platinum and shows remarkable durability, with little degradation even after 5,000 stability tests.

US President Joe Biden’s administration is seeking to strengthen controls on selling graphics chips for artificial intelligence (AI) applications and advanced chipmaking equipment to Chinese firms, the people said, asking not to be named because the rules are not yet public.

Demand for green hydrogen will skyrocket in the EU after the 27 member states finally approved the long-gestating Renewable Energy Directive, which includes mandatory usage targets for renewable H2 and its derivatives (known in EU parlance as Renewable Fuels of Non-Biological Origin, or RFNBOs).

H2 hubs that were selected to receive $7 billion in Infrastructure Law funding for low-cost, clean H2.

PGM would recover 15% to 20% their current price levels as “some of the floor” in the basket price had been reached, said Craig Miller, CEO of Anglo-American Platinum (Amplats).

While risks are very much to the downside in the near-term, our outlook is positive longer-term.
We expect gold to trade in the U$2,100s in the first half of next year.

"Significant restructuring" is very likely in the platinum sector of the world's top supplier of the metal as miners try to stay profitable, said Neal Froneman.

Gold prices edged lower for a ninth straight session on Thursday, as U.S. data indicating tight labor market conditions raised worries about the Federal Reserve keeping interest rates higher for some time.

Toshiba Energy Systems & Solutions Corporation announced today that it has agreed a memorandum of understanding with Furuya Metal Co. on exploring an alliance to establish a stable supply network for iridium. One of the world's rarest metals, iridium is an essential material for the manufacture of PEM used in water electrolyzers that produce H2. The projected alliance will reinforce the metal's ...

As part of Umicore’s goal to reach carbon neutrality by 2035, the Group signed three long-term power purchase agreements (PPAs) using renewable wind energy --- one PPA to power Europe’s first cathode materials plant in Poland and two PPAs to power its sites in Belgium, which is home to two of Umicore’s largest sites in the world.

Beginning Aug. 1’23, China has imposed export restrictions on gallium (Ga) & germanium (Ge) products.
In fact, China has been signaling that it may restrict the export of rare earth minerals to the United States as the trade conflict between the two countries escalates.

Nikola says its ground-breaking H2 fuel cell electric truck features a range of up to 500 miles and an estimated fueling time as low as 20 minutes. This truck is expected to have among the longest ranges of all commercially available zero tailpipe emission Class 8 trucks.
Progressing steadily towards its strategic goals, Nikola and its dealers have received 223 non-binding orders for its H2 fuel ...