#Metals don’t shine @Trafigura

While Trafigura's metals business accounted for an average of 40% of the company's total profit in the period 2012 to 2019, that share fell to 23% between 2020 and 2022, and in the 12 months to March 2023 it has been just

#China lifts curbs on #Gold imports, Shanghai-London spread drops 40%

Spread between Shanghai gold price and London hit a record $121/oz. last Thursday. It had narrowed to $76 on Monday after PBOC People's Bank of China relaxed curbs on imports last week.

So far this year, China has imported

Wanted!: #Mining Engineers & Geo’s

Coming labor precipice in mining sector as shortage of skilled engineering and geo's risks crimping output of critical #metals.

#AI and automation may further reduce the sector's reliance on skilled labor.

The flip side? Drop in mining graduates means those who do choose to go into the industry have a lucrative career ahead.

From Bloomberg:

It's getting harder to find the Mining engineers the world needs.

Fewer students want to be geologists or engineers, partly due to mining's negative image regarding pollution, human rights and gender equality. That's leaving the industry with an aging workforce:

Some 80% of the 1,250 mining engineers registered with the UK's Engineering Council are over 50, and 40% are at least 60!