Mark Burton Journalist Profile

Articles

Vitol and Gunvor Rock Metals Markets With Big Aluminum Bets

1 month ago | ca.finance.yahoo.com | Jack Farchy |Alfred Cang |Archie Hunter |Mark Burton

(Bloomberg) -- Some of the world’s biggest energy traders are making waves in global metals markets by taking positions so large that they prompted questions from the London Metal Exchange. • None They Built a Secret Apartment in a Mall. Now the Mall Is Dying.
Trump Tariff Risks Spur Global Race to Get Copper to the US

1 month ago | ca.finance.yahoo.com | Alfred Cang |Archie Hunter |Mark Burton

(Bloomberg) -- The world’s top commodity traders are rushing to ship copper to the US from as far afield as Asia as Donald Trump’s threat of import tariffs on the metal creates a huge opportunity for profit.
Trump’s Tariff Threat Sparks Global Race to Get Copper to the US

1 month ago | news.bloomberglaw.com | Alfred Cang |Archie Hunter |Mark Burton

The world’s top commodity traders are rushing to ship copper to the US from as far afield as Asia as Donald Trump’s threat of import tariffs on the metal creates a huge opportunity for profit. The gap between copper prices in the US and the rest of the world widened sharply after the president on Tuesday ordered the Commerce Department to examine potential levies on the metal.
Bank of England’s gold diggers grapple with Trump-fueled frenzy

2 months ago | mining.com | Mark Burton |Sybilla Gross

Every day in London, thousands of commuters on the Central Line take a subterranean detour around the Bank of England’s vast underground vaults, bringing them as close as they’re ever likely to get to the $500 billion of gold the bank holds on behalf of nation states, commercial banks and other financial institutions. Tube trains come so close that staff inside sometimes report hearing a dull hum as they pass.
Trump Wants Ukraine’s Minerals. But What Exactly Is Up for Grabs?

2 months ago | msn.com | Thomas Biesheuvel |Mark Burton

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Trump Wants Ukraine’s Minerals, But What Does It Actually Have?

2 months ago | news.bloombergtax.com | Thomas Biesheuvel |Mark Burton

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Trump Wants Ukraine’s Minerals, But What Does It Actually Have?

2 months ago | news.bloomberglaw.com | Thomas Biesheuvel |Mark Burton

Ukraine’s mineral wealth has been thrown into the spotlight as US President Donald Trump looks to seize control of its resources in return for military support. Yet very little is actually known about what’s up for grabs. Various reports have suggested that Ukraine has mineral deposits worth upwards of $10 trillion, and President Volodymyr Zelenskiy’s government has been keen to promote crucial materials that can be exploited as it seeks more military and economic support.
Anglo American Expects to Take Another Writedown on De Beers

2 months ago | finance.yahoo.com | Mark Burton |Thomas Biesheuvel

(Bloomberg) -- Anglo American Plc expects to take a writedown on its De Beers operations, as plunging diamond sales prompt output cuts and complicate its plan to exit the business. The company is likely to book an impairment in its full-year results due to deteriorating market conditions, particularly in China, Anglo said in a statement Thursday. That comes after it wrote down the value of its De Beers unit by $1.6 billion 12 months ago. Anglo sees a marginal 2024 loss for the diamond business.
EU to propose Russian aluminum ban in sweeping sanctions package

2 months ago | shippingwatch.com | Ewa Krukowska |Alberto Nardelli |Mark Burton

The sanctions package would allow European buyers to import Russian metal under a quota system for a one-year period, before a full ban comes into effect, sources say. By Ewa Krukowska, Alberto Nardelli and Mark Burton, BloombergThe European Union is proposing a phased ban on imports of Russian aluminum as part of a broad sanctions package ahead of the third anniversary of the Kremlin’s invasion of Ukraine, according to people familiar with the matter.
EU to Propose Russian Aluminum Ban in Sweeping Sanctions Package

2 months ago | ca.finance.yahoo.com | Ewa Krukowska |Alberto Nardelli |Mark Burton

(Bloomberg) -- The European Union is proposing a phased ban on imports of Russian aluminum as part of a broad sanctions package ahead of the third anniversary of the Kremlin’s invasion of Ukraine, according to people familiar with the matter. • None NYC Subway’s Most Dangerous Stations Are on Lexington Ave.