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05.03.26 - 16:09
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Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense (ZeroHedge)
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Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense
Poland's central bank chief laid out a proposal to generate as much as 48 billion zloty ($13 billion) from the sale of gold reserves to finance defense spending as part of a plan backed by the nation's president, according to people familiar with the matter.
Bloomberg reports that Governor Adam Glapinski outlined the proposal in a meeting with President Karol Nawrocki on Wednesday as the head of state announced he'd seek an alternative to a European Union program that's opposed by the US.
Nawrocki and his aides have criticized the EU's €150 billion ($174 billion) loans-for-weapons project as a costly endeavor that would jeopardize ties with Washington.
Glapinski told the president that the National Bank of Poland could generate the profit by selling down some of its roughly 550 tons of gold reserves, which it could then buy back, the people said, on condition of anonymity as discussions take place behind closed doors.
Bu...
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17.02.26 - 10:42
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NKT signs EUR 6 billion landmark copper agreement with KGHM (Cision)
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NKT has renewed its long‑term copper supply agreement with leading European mining and smelting company KGHM. The renewed contract secures a stable supply of European‑produced copper for NKT's power cable manufacturing over the next decade, ensuring long‑term availability through to 2036.
NKT's copper demand continues to grow in line with the company's expansion of production facilities to meet the high global demand for power cable solutions. Ensuring access to reliable copper supply sources is therefore essential to maintaining NKT's competitiveness and strengthening the resilience of its...
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17.01.26 - 13:16
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Polnische Zentralbank will weiter Gold kaufen (SG)
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Der Gouverneur der polnischen Zentralbank, Glapinski, hat gestern angekündigt, dass die Goldreserven von aktuell 550 Tonnen auf 700 Tonnen aufgestockt werden sollen. Im vergangenen Jahr war die polnische Zentralbank der größte Käufer unter den Zentralbanken. Nach elf Monaten lagen die Goldkäufe laut World Gold Council bei 95 Tonnen. In den letzten drei Jahren stiegen die Goldreserven der polnischen Zentralbank insgesamt um 315 Tonnen. Durch die Aufstockung der Goldbestände hält diese mittlerweile die zwölftgrößten Goldreserven aller Zentralbanken noch vor der EZB. Mit dem Erreichen des angekündigten Zielwertes würde sie nach aktuellem Stand in die Top-10 vorstoßen..
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