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Citi

Citi is a global financial services corporation headquartered in New York City, United States. The bank operates in more than 160 countries and jurisdictions, providing a broad range of financial products and services to consumers, corporations, governments and institutions. Citi's core businesses include consumer banking, institutional clients group, corporate and investment banking, treasury and trade solutions, and wealth management. The company is one of the largest banking institutions in the world by assets and maintains a significant presence across Africa, where it offers corporate banking, trade finance, cash management and advisory services. In Africa, Citi serves multinational corporations, local businesses, financial institutions and public-sector entities, supporting cross-border trade and investment flows. The bank has operated on the continent for decades, with offices in key markets including South Africa, Nigeria, Kenya and other economic hubs. Citi provides research and economic analysis on African markets, tracking developments in trade policy, infrastructure investment and regional integration initiatives. The institution is listed on the New York Stock Exchange and is a systemically important financial institution closely regulated by US and international authorities. Citi was formed through the 1998 merger of Citicorp and Travelers Group, though its roots trace back to the founding of the City Bank of New York in 1812.

Citi News


Harmony CEO Beyers Nel
Harmony secures multicurrency credit facilities to strengthen liquidity
28th July 2026 By: Lumkile Nkomfe

Gold and copper miner Harmony Gold has concluded new syndicated multitranche, multicurrency loan facilities comprising $500-million, A$500-million and R7-billion. The company says this reduces its... 


Copper smelting
Citi maintains bullish copper price targets on supply pressure
28th July 2026 By: Reuters

Citi maintained on Monday its bullish copper price targets through the end of the year, citing tighter physical markets and supply pressure in China. The bank held its $14 500 per metric ton zero-... 


Vale's Mutuca iron-ore mine
Vale posts largest second-quarter iron-ore output since 2018
22nd July 2026 By: Reuters

Brazilian miner Vale posted on Tuesday its largest second-quarter output figure since 2018, with production of the steelmaking material rising 0.8% from a year earlier and coming above analysts'... 


Iran oil fields
Oil hits four-week high as US, Iran step up attacks in Strait of Hormuz
14th July 2026 By: Reuters

Oil prices rose on Tuesday to their highest in four weeks, as the US reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows... 


Gold smelting
Citi gains seat at heart of global bullion trading with clearing approval
6th July 2026 By: Reuters

Citi has become the fifth bank to clear transactions in London's over-the-counter gold market, the world's largest bullion trading centre, in a major expansion of its precious metals business, the... 


Michael Berner, head of South and East Africa at Visa
Michael Berner
10th April 2026 By: Creamer Media Reporter

This week we profile Michael Berner, head of South and East Africa at Visa, a global payments technology company  


US hosts critical minerals event in Brazil amid diplomatic strains
18th March 2026 By: Reuters

The US embassy will sponsor an event in Sao Paulo between US investors and Brazilian firms looking to produce critical minerals on Wednesday amid diplomatic tensions that threaten to overshadow... 


Copper produced at Glencore's operations in Chile
Glencore close to appointing Citi as adviser for Rio Tinto merger talks, sources say
2nd February 2026 By: Reuters

Swiss miner Glencore is close to engaging Citi as its lead investment bank on its potential acquisition by Rio Tinto that could create the world's largest miner worth over $200-billion, two people... 


Deutsche Bank sees gold reaching $6 000 per ounce in 2026; Citi lifts near-term silver forecast
Deutsche Bank sees gold reaching $6 000 per ounce in 2026; Citi lifts near-term silver forecast
28th January 2026 By: Reuters

Deutsche Bank said on Tuesday that the price of gold could climb to $6 000 per ounce in 2026, while Citi raised its short-term forecast for silver to $150 an ounce. Spot gold notched a record high... 


Vale's iron-ore output hits seven-year high in 2025, surpassing Rio Tinto's Pilbara
Vale's iron-ore output hits seven-year high in 2025, surpassing Rio Tinto's Pilbara
28th January 2026 By: Reuters

Brazilian miner Vale's iron-ore production rose to 336.1-million metric tons in 2025, the company said on Tuesday, marking the first time since 2018 that its output surpassed that of rival Rio... 


Rio Tinto's offices
Rio Tinto engages three banks to advise on potential Glencore acquisition, source says
14th January 2026 By: Reuters

Rio Tinto has engaged JPMorgan and two other advisers on its potential acquisition of Glencore, a deal that could create the world's largest miner worth over $200-billion, a source with knowledge... 


Los Pelambres.
Antofagasta sees annual copper output at lower end of guidance
23rd October 2025 By: Reuters

Chilean miner Antofagasta reported on Thursday a modest 1% rise in third-quarter copper production, and said it expects annual output at the lower end of its forecast range of 660 000 to 700 000... 


Vale sees 2025 iron-ore output at top range after strongest quarter since 2018
Vale sees 2025 iron-ore output at top range after strongest quarter since 2018
22nd October 2025 By: Reuters

Brazilian miner Vale reported on Tuesday its highest quarterly iron-ore production since 2018, and said it is on track to reach the upper band of its 2025 production target for its three main... 


Atlantic Nickel’s Santa Rita project in Bahia, Brazil
Appian, IFC launch $1bn mining fund for emerging markets
21st October 2025 By: Darren Parker

Investment adviser Appian Capital Advisory has announced the launch of a $1-billion fund targeting critical minerals and mining projects in emerging markets. The fund – launched in partnership with... 


Sharp divide between copper bulls and bears at industry gathering
Sharp divide between copper bulls and bears at industry gathering
14th October 2025 By: Reuters

A yawning gap has emerged in views about copper between those counting on mine disruptions to send prices of the major industrial metal to fresh record highs and sceptics who say demand is weak and... 


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