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Anglo American rejected on Wednesday a third takeover bid by BHP that valued the company at $49.2 billion, but it has agreed to extend the deadline for the world’s largest miner to make a formal offer. BHP now has until May 29 at 5pm GMT time to table a binding bid for its smaller rival, which is simultaneously working on a radical business overhaul that will see it divest its less profitable ...

The price of silver opened at $31.18 per ounce, as of 9 a.m. ET. That’s up 2.96% from the previous day’s silver price per ounce and up 30.33% since the beginning of the year. The lowest trading price within the last day: $29.72 per ounce. The highest silver spot price in the last 24 hours: $32.51 per ounce.

Umicore announces the appointment of Bart Sap as Chief Executive Officer, effective May 16th.

Anglo American Platinum – To be demerged in a responsible and orderly way to optimise value for both Anglo American’s and Anglo American Platinum’s shareholders

The organization says central banks added $24 billion of gold, weighing 290 tonnes, to their coffers in the first quarter of this year.

Between 2021 and 2023 recycled platinum supply decreased by 30%. Recycled platinum supply declined by 14% year-on-year (-245 koz) in 2023 to 1,495 koz, due to factors including a shortage of end-of-life vehicles and other issues within the scrap supply-chain that are currently considered to be relatively short term.
While recycled platinum supply is forecast to recover by 7% in 2024 to 1,600 koz ...

The platinum market faces its largest supply shortfall in 10 years in 2024 as shipments from Russia return to normal from last year's highs and industrial demand stays firm, Johnson Matthey said in a report on Thursday.

India’s jewellery market maintained its robust growth during the final quarter of last year, while Japan enjoyed modest gains, and the US was flat following a multiyear period of phenomenal post-pandemic performance.

Umicore patented a process for recovering platinum group metals (PGM) from PGM-bearing catalysts containing silicon carbide (SiC). By mixing catalysts with an Fe-oxide compound and smelting in specific conditions, high PGM yields are achieved.

As widely expected, Anglo American Corporation has rejected the £31m takeover bid from BHP saying it “significantly undervalues Anglo American and its future prospects.”

The bid was unanimously rejected by the Anglo board of directors which also commented the BHP proposal “contemplates a structure which the Board believes is highly unattractive for Anglo American’s shareholders, given the ...