R/€ = 19.7464 Change: 0.1050
R/$ = 18.1755 Change: 0.0109
Au 2435.74 $/oz Change: 21.49
Pt 1053.91 $/oz Change: -40.59


Copper hits record above $11 000 on bets that shortage looms

By: Bloomberg     20th May 2024 Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages. Futures on the London Metal Exchange jumped more than 4% in early Monday trading, taking copper past $11 000... 

Company focuses on core competence in complete machining

17th May 2024 Austrian mechanical engineer WFL Millturn Technologies’ latest development has enabled the company to manufacture the complete machining of chuck parts with a diameter of 2 000 mm. The complete machining of chuck parts for the aerospace industry is one of the core competencies of WFL Millturn... 

Distributor to launch new products at Machine Tools expo

17th May 2024 Power transmission and motion control products distributor BMG will be participating at the Machine Tools Africa exhibition, which will be held at the Johannesburg Expo Centre at Nasrec, from May 21 to 24. BMG’s stand – Hall 6, F10 – will showcase the company’s comprehensive range of quality... 

New-vehicle sales gain 2.2% after eight months of decline, Suzuki swoops into second place

By: Irma Venter     17th May 2024 New-vehicle sales have finally moved into positive territory following eight gruelling months of decline. Not all market segments experienced growth, however. 

Combustion Technology

17th May 2024 As the market leader in oil and gas burners and boiler installations, Combustion Technology strives to provide world-class, environment-friendly solutions to meet any combustion and heating challenges. Combustion Technology’s unwavering dedication to innovation is showcased through cutting-edge... 

ANC walks political tightrope over coal plant shutdowns 

By: Reuters     16th May 2024 In a ward where South Africa's governing African National Congress won handily in local elections three years ago, party campaign worker Poppy Vilakazi has been getting a decidedly frosty reception lately. "Mostly they are angry," she told Reuters, speaking in Komati, a village in the shadow of a... 

PGMs to face continued supply constraints, low prices – report

By: Darren Parker     14th May 2024 Precious metals consultancy Metals Focus’ new ‘Platinum Group Metals (PGM) Focus 2024’ report, which offers a comprehensive analysis of the PGM industry, indicates that the rest of the year will be defined by persistent supply constraints, coupled with robust demand, leading to another year of... 

Hastings CEO departs amid cost-cutting restructuring

By: Creamer Media Reporter      13th May 2024 Paul Brown will leave rare earths developer Hastings Technology Metals at the end of the month as the company restructured its business to reduce costs. The restructuring has resulted in a “material reduction” in the workforce numbers, ASX-listed Hastings said on Friday. 

Copper above $10 000 as supply worries counter faltering demand

By: Bloomberg     10th May 2024 Copper climbed above $10 000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China. Prices of copper have risen 17% this year on fears of shortages, with aging mines forecast to... 

Mkango executives’ salaries cut by up to 50% until September

By: Darren Parker     10th May 2024 Aim-listed Mkango Resources has cut the salaries of its executive management team by between 25% and 50% from April through to September. This comes as part of the company’s cost cutting initiatives and is complementary to Mkango’s recent £750 000 private placement closing, as announced on April 11. 

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