Top oil traders like Glencore and Gunvor Group are seeing reduced profits in 2024 due to lower market volatility. To adapt, they're shifting focus to new business strategies and asset acquisitions. Increased competition, especially from China, and global conflicts are adding to the challenges. Read the full article: https://lnkd.in/eA_4N9J5 #OilTrading #Commodities #MarketTrends #GlobalEconomy #EnergyIndustry
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Gold is uniquely valued and easily traded worldwide, unlike any other commodity. Its universal acceptance across cultures and countries makes it exceptionally marketable, solidifying its status as a premier global asset. . . . #AshokaGlobal #GoldInvesting #ashokaglobal #silverbullion #investmentopportunity #goldinvestment #investmentchoices #investwisely #secureyourfuture
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Track the latest corporate deals (M&A, IPOs & strategic shareholdings) within the African listed equity market. A new service from Capital Markets Africa. *For paid subscribers only* https://lnkd.in/eFnKUE5d Recent deals include Glencore, CalBank PLC, NEPI Rockcastle and CA Sales Holdings Ltd. #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets
Weekly update | African listed companies, corporate deals (w/c 1 Jul)
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Track the latest corporate deals (M&A, IPOs & strategic shareholdings) within the African listed equity market. A new service from Capital Markets Africa. *For paid subscribers only* https://lnkd.in/etE3bQD8 Recent deals include Glencore, CalBank PLC, NEPI Rockcastle and CA Sales Holdings Ltd. #investinginAfrica #Africanequities #Africanstocks #Africancapitalmarkets
Weekly update | African listed companies, corporate deals (w/c 1 Jul)
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Fundraise to raise £220,000 Anglesey Mining plc (AIM:AYM), the UK minerals development company, is pleased to announce that as follow up to the placing and subscription announced on 28 June 2024, the Company has raised £220,000 (before expenses) by way of a direct subscription of 22,000,000 ordinary shares at a price of 1pence per share (the “Subscription Shares”). Read full announcement here: https://bit.ly/4elNyof Fundraising Highlights • Subscription to raise approximately £220,000 (before expenses). • Issue Price of 1 pence per share Reasons for the Fundraising In line with the objectives outlined in the fundraising announced in June 2024, the Company has undertaken this Fundraise and its previous fundraise to progress its corporate and operational strategy and the net proceeds will therefore be applied towards: • Developmental work at Parys Mountain • Advancing development options at Grängesberg Iron Ore Mine • Debt repayment; and • General working capital purposes The Company is advancing a number of initiatives with a view to supporting its cash position, however if these are not successful the Company will need to raise further funds towards the end of the calendar year to continue to progress its activities. The Subscription is conditional only on Admission. #copper #gold #AYM $AYM
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📈 Gold Market Update: A Secure Future for Investors 📈 In uncertain economic times, gold continues to shine as a reliable investment. With its proven track record as a hedge against inflation and market volatility, gold remains a cornerstone of smart investing. At Avana Resources, we keep a close eye on market trends to ensure we’re at the forefront of the gold production industry. Whether you're a seasoned investor or just starting, gold can play a crucial role in your portfolio. #GoldMarket #GoldInvestment #EconomicSecurity #AvanaResources #InvestmentStrategy
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A former Glencore Plc copper trader is planning a return to the industry – but not to physical trading of metals, which he criticizes as having become “controlled by compliance, by accountants and by lawyers.” Sebastien Le Page, who worked at Glencore for 18 years before retiring in 2015, said in an interview that the current state of the copper market had piqued his interest. “I have a feeling after these 10 years that the copper market is getting hot again, and so that’s why I’m thinking it’s time to come back in it,” he said. Working with Peter Kalkandis, Glencore’s former head of base metals in Australia, Le Page hopes to advise industrial buyers, funds and mining investors on how to acquire copper and copper mines. They are the latest to seek to capitalize on the growing interest in copper, amid predictions of a future shortage driven by demand from the energy transition together with underinvestment in new mines. Investor enthusiasm for the metal drove copper to record highs of $11,104.50 a ton earlier this year, before a sharp reversal. Since leaving Glencore, Le Page has invested in restaurants and bars around his home in Switzerland, as well as Zurich’s polo club, a whisky distillery in Scotland and vineyards in France. He said that working in physical trading houses like Glencore had become “less fun” since his heyday. “The trading community has changed too much. It has become controlled by — and now I’m going to say something that maybe some people are not going to be happy with — but it’s controlled by compliance, by accountants and by lawyers.” #copper #commoditytrading #compliance #glencore https://lnkd.in/esawWACP
Ex-Glencore Trader Plots Return But Says Compliance Is a Turnoff
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When long-term demand drives up gold prices - but not the gold miners - value asymmetry emerges. Come and talk to us at CSAM about how you too can leverage that gap.
This top-performing fundie is all-in on ASX gold stocks
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📈𝗦𝗵𝗮𝗿𝗲 𝗣𝗿𝗶𝗰𝗲 up nearly 30% 💰𝗡𝗔𝗩 grew over 16% Golden Prospect Precious Metals Investment Fund have just released the latest March Fact Sheet for the fund. Co-fund managers Keith Watson and Robert Crayfourd have provided detailed insights for the month. 🎙️"𝘏𝘢𝘷𝘪𝘯𝘨 𝘭𝘢𝘨𝘨𝘦𝘥 𝘵𝘩𝘦 𝘮𝘰𝘷𝘦 𝘪𝘯 𝘨𝘰𝘭𝘥 𝘢𝘯𝘥 𝘴𝘪𝘭𝘷𝘦𝘳 𝘱𝘳𝘪𝘤𝘦𝘴 𝘵𝘩𝘶𝘴 𝘧𝘢𝘳 𝘪𝘯 2024, 𝘴𝘦𝘯𝘵𝘪𝘮𝘦𝘯𝘵 𝘵𝘰 𝘮𝘪𝘯𝘦𝘳𝘴 𝘴𝘩𝘰𝘸𝘦𝘥 𝘢 𝘮𝘢𝘳𝘬𝘦𝘥 𝘪𝘮𝘱𝘳𝘰𝘷𝘦𝘮𝘦𝘯𝘵 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘍𝘶𝘯𝘥 𝘕𝘈𝘝 𝘳𝘪𝘴𝘪𝘯𝘨 𝘰𝘷𝘦𝘳 16%....𝘏𝘰𝘸𝘦𝘷𝘦𝘳, 𝘸𝘦 𝘢𝘯𝘵𝘪𝘤𝘪𝘱𝘢𝘵𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘭𝘢𝘨 𝘪𝘯 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘴𝘮𝘢𝘭𝘭𝘦𝘳 𝘦𝘲𝘶𝘪𝘵𝘪𝘦𝘴 𝘩𝘦𝘭𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘍𝘶𝘯𝘥 𝘸𝘪𝘭𝘭 𝘤𝘢𝘵𝘤𝘩-𝘶𝘱 𝘸𝘪𝘵𝘩 𝘭𝘢𝘳𝘨𝘦𝘳 𝘱𝘦𝘦𝘳𝘴 𝘨𝘪𝘷𝘦𝘯 𝘵𝘩𝘦𝘪𝘳 𝘳𝘦𝘭𝘢𝘵𝘪𝘷𝘦𝘭𝘺 𝘢𝘵𝘵𝘳𝘢𝘤𝘵𝘪𝘷𝘦 𝘷𝘢𝘭𝘶𝘢𝘵𝘪𝘰𝘯𝘴." West African Resources and Fortuna Gold and Silver were strong contributors to performance. This was closely followed by Australian gold producer Karora Resources. 🪙#Gold was one of the stronger commodities with the price rising over 9% during March to new all-time highs. #Silver is latterly starting to catch-up, registering a 10% price increase over the month. For the full report please see below ⬇️: #preciousmetals #fund
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JSE: AGL share price R513.79 24 Apr, 17:53 SAST • Disclaimer BHP's recent takeover offer for Anglo American has stirred up considerable interest in the mining industry. This potential merger could herald the most significant shakeup in the sector in over a decade. Analysts suggest that such a deal, valued at $42.6 billion, could attract other bidders and potentially reshape the industry landscape. However, antitrust issues may pose challenges, given the critical status of copper as a mineral. For investors considering exposure to the mining sector, this development underscores the dynamic nature of the industry and the potential for significant market movements. Stay up to date with the latest news updates with Lloyd Markets. Visit our website to learn more: www.lloydmarkets.com https://lnkd.in/dRqvV67U
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📢 KEFI Gold and Copper plc (AIM: KEFI) Saudi Arabia Operational Update 📢 KEFI is excited to share the latest operational updates from our 25%-owned joint venture, Gold and Minerals ("GMCO"), in the Kingdom of Saudi Arabia. This covers significant progress at the Jibal Qutman Gold Project, the Hawiah Copper-Gold Project, and ongoing regional exploration. Read full statement here: https://lnkd.in/ePjZFhc3 Harry Anagnostaras-Adams, Executive Chairman, commented: In Saudi Arabia we have made two significant discoveries which, in aggregate gold-equivalent terms, are approximately double the in-situ metal of Tulu Kapi in Ethiopia. The two advanced Saudi projects will now benefit from an expanded leadership team has begun to be installed to oversee GMCO's next chapter of development as we aspire to become a leading Saudi metal producer. Whilst feasibility studies are refined and focused for completion on Jibal Qutman Gold and Hawiah Copper-Gold, GMCO's regional exploration effort is being re-elevated to expand and optimise our project pipeline within the Kingdom. "Furthermore, as already reported this quarter, we remain on track in Ethiopia at Tulu Kapi, our most advanced project. In response to the most welcome and appreciated huge effort made by the Ethiopian Government to facilitate safe and internationally compliant development, the long-awaited Tulu Kapi funding package has been able to move into project finance completion and project launch mode. The Early Works programme was launched in May 2024 to facilitate financing agreement closings in October 2024 for Major Works to then proceed. Updates on this project will be made as appropriate via further announcements." 🚀 #KEFI #Gold #Copper #SaudiArabia #Mining #Exploration #Development #Innovation
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