Metals News Results

  • Gold Demand Steadies as Jewelry Buyers Counter Falling Investor Appetite

    Gold demand was little changed in the first half of the year as a rebound in consumer demand for bars, coins and jewelry counteracted waning appetite from institutional investors, the World Gold Council said Thursday. Global demand for the precious metal stood at 1,833 metric tons in the first half of the year, 10% less than during the same period in 2020, the WGC said in its quarterly report. Demand in the second quarter stood at 955.1 tons, largely unchanged from the same period last...

  • BHP Inks Nickel Supply Deal With Tesla

    SYDNEY--BHP Group Ltd. (BHP) said it has signed a supply deal with Tesla Inc. (TSLA) for nickel, a commodity used in electric- vehicle batteries, from its Nickel West operations in western Australia. The world's biggest miner by market value said it and Tesla have also agreed to collaborate on sustainability efforts in the battery industry supply chain, such as ways to trace raw materials from pit to product using blockchain. BHP Chief Commercial Officer, Vandita Pant, said demand for nickel in...

  • BHP Expects Covid-19 to Remain a Challenge for Chile Mines -- Commodity Comment

    SYDNEY--BHP Group Ltd. Tuesday reported a lift in fiscal-year iron ore production, although weaker annual output of copper and petroleum. Here are some remarks from its fourth-quarter operational report:. "We achieved production records at our Western Australia Iron Ore operations and the Goonyella Riverside metallurgical coal mine in Queensland.

  • Rio Tinto Says Major Miners' Iron-Ore Supply Lagging Expectations -- Commodity Comment

    Rio Tinto PLC (RIO) on Friday recorded a sharp fall in second-quarter iron-ore shipments from Australia, while also notching year-on-year production declines for bauxite and copper. Here are some remarks from its operational report:. "The iron-ore price has remained resilient on a surge in demand while supply has struggled to keep pace.

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