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Rare metal

August 18, 2015

The family office of billionaire Stanley Druckenmiller, who famously broke the Bank of England with George Soros in 1992, has made a huge gamble on gold in the second quarter, despite being downbeat on the economy.

The family office of billionaire Stanley Druckenmiller, who famously broke the Bank of England with George Soros in 1992, has made a huge gamble on gold in the second quarter, despite being downbeat on the economy.

According to a regulatory filing, Duquesne Family Office paid $324 million for a 2.8 million share position in the SPDR Gold Trust (GLD), the market's largest physical gold exchange-traded fund, just weeks after prices fell to a five-year low.

September 6, 2011

The family behind the world’s largest niobium producer has sold part of its stake to a group of Chinese companies, as the Brazilian group sees growing demand for the rare metal. The Moreira Salles family, which controls Companhia Brasileira de Metalurgia e Mineracao, has sold 15% of its stake to a consortium of five Chinese companies.

The family behind the world’s largest niobium producer has sold part of its stake to a group of Chinese companies, as the Brazilian group sees growing demand for the rare metal.

The Moreira Salles family, which controls Companhia Brasileira de Metalurgia e Mineracao, has sold 15% of its stake to a consortium of five Chinese companies.

Following the sale, valued at $1.95 billion (€1.37 billion), the family will retain 70% of CBMM, according to a company statement seen by the Wall Street Journal.

March 16, 2011

Clean technology is fuelling a boom for metals with names seemingly from the comic strips of superman. Collectively known as rare earths, David Wigan takes a look at what exactly are these weird metals and asks whether it is possible to make money out of them

In the year 1219, after uniting the tribes of Mongolia, Genghis Khan dispatched 450 men to the town of Otrar, in present-day Kazakhstan, to trade. The local governor Inalchuq executed the group, and later beheaded Khan’s ambassador, sent to request an apology. Khan’s response was to raise an army and embark on the most brutal and successful military campaign in history. Inalchuq was executed by the application of molten silver to his ears and eyes.

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