Author: Bullion Index
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$18 Million Pledged to Remediate Copper Contamination at Port Kembla
In a significant move to address environmental concerns, a substantial sum of $18 million has been pledged towards remediating copper contamination at Port Kembla. The copper smelter, a longstanding landmark in the Port Kembla skyline for nearly a century, has been dormant for over two decades in terms of manufacturing activities. The current owner of…
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Platinum Sees 120% Surge in Outflows as Co-CIOs Step Back
Platinum, a renowned asset management firm, witnessed a significant surge in outflows, exceeding 120% as its co-chief investment officers decided to step back from their roles. The firm, Platinum Asset Management, reported a notable decrease in its funds under management (FUM) from $10.99 billion in January to $10.76 billion in February. During the month, Platinum…
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Silver Surges Above $33.10, Breaking Three-Day Losing Streak
Silver prices surged above $33.10 per ounce, breaking a three-day losing streak, driven by heightened safe-haven demand amidst geopolitical tensions and economic uncertainties in the US. The market saw a rebound as investors closely monitored efforts to resolve the Russia-Ukraine conflict and escalating conflicts in the Middle East, such as the recent Israeli airstrikes on…
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Gold Rush: Australia’s Precious Metal Investment Boom
In the realm of commodities, gold stands out as a shining star in Australia, poised to maintain its allure and investment appeal in 2025. A recent report by BDO has highlighted the resilience and prosperity of gold exploration projects in the country, amidst a backdrop of fluctuating fortunes for other sectors. The report reveals a…
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Copper Prices Surge Above $10,000 Amid Tariff Concerns
The surge in copper prices above $10,000 per tonne has been attributed to concerns over potential tariffs imposed by Donald Trump. This increase has led to a significant rise in copper stocks on the ASX as traders hurried to export the metal to the US, fearing a shortage in supply. The rally in copper prices…
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Riot Platforms Set to Acquire $185M Rhodium Assets for Mining Expansion
Riot Platforms, a prominent player in Bitcoin mining, has recently made a significant move by entering a non-binding term sheet agreement to potentially acquire Rhodium assets at the Rockdale Facility. The proposed acquisition, valued at $185 million, involves a mix of cash, return of a power security deposit, and Riot shares. This strategic transaction aims…
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PM Capital’s Ongoing Pursuit of Platinum Funds Revealed
PM Capital’s interest in acquiring Platinum funds has been ongoing for the past eight months, according to sources familiar with the matter. The PM Capital Global Opportunities Fund recently confirmed its non-binding proposals to acquire two funds under the control of Platinum Asset Management. This recent bid by PM Capital is not their first attempt…
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Errawarra Resources Acquires High-Grade Elizabeth Hill Silver Project in WA
Errawarra Resources, an ASX-listed exploration company, has recently made a significant acquisition by obtaining 70% ownership of the Elizabeth Hill silver project located in Western Australia. This acquisition marks a pivotal moment for Errawarra Resources as it ventures into the high-grade silver sector. The Elizabeth Hill project, which had previously yielded 1.2 million ounces of…
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Gold Price Slides Below $3,050 Amid Ukraine Peace Deal Prospects
Gold prices have dipped below $3,050 as markets anticipate a potential peace deal in Ukraine. The XAU/USD pair is trading around $3,025 in the early Asian session, marking a decline from its recent peak. This movement is largely influenced by the optimism surrounding peace talks between Ukraine and the US, with hopes for a ceasefire…
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Copper Surges Past $11,000 Amid Tariff Fears
Copper prices have surged above $11,000 per tonne in New York due to concerns over tariffs, with global trade disruptions stemming from US President Donald Trump’s tariff proposals. Trump’s directive to investigate copper imports has led to a spike in US prices, prompting traders to redirect metal to the US to avoid potential duties, resulting…