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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.