China played key role in gold’s rally: Apollo
China has emerged as a key catalyst behind gold’s record-setting rally this year, according to Torsten Sløk, the chief economist at New York-based Apollo Global Management. In a daily newsletter…
Commodities Markets
Angola challenges Botswana in De Beers bid
Angola’s state diamond company Endiama has submitted a formal bid for Anglo American’s (LSE: AAL) majority stake in De Beers, in a sharp shift from its earlier position of seeking…
Platinum price hits five-year high
Platinum prices have surged to their highest level in five years as global supply tightens and investors position ahead of policy changes in China. The spot platinum price was $1,658.68…
Gold price falls on profit-taking
Gold prices fell sharply on Tuesday, recording their biggest one-day drop in more than a decade and halting a powerful rally that had carried the metal to a record high….
RANKED: Top 10 automakers by battery cobalt spending
Democratic Republic of Congo’s export quotas have lit a fire under cobalt prices and spending on the battery material is up 43% year on year despite ongoing thrifting. A surge…
Gold price is overextended: bond veteran Gross
Despite gold’s record-breaking rally and widespread optimism about its outlook, one legendary bond investor has issued a warning for those seeking to own the metal amid concerns over U.S. regional…
Myriad Uranium drills Wyoming project derailed by Three Mile Island
Vancouver-based Myriad Uranium (CSE: M; US-OTC: MYRUF) has a new permit to expand drilling at a Wyoming project where a past owner spent $25 million ($100 million today) in the…
Friedland says global economy faces copper crisis
Global demand for copper is accelerating toward levels that could outstrip supply within two decades, creating what industry veteran Robert Friedland calls a once-in-history challenge for the world economy. Over the next…
Gold, mining stocks still underinvested: Sprott
Gold and gold mining stocks have not only surged past the S&P 500 this year but have also quietly outperformed over the past three, five and even 10 years—a remarkable…
BHP eyes revival of long-closed copper mines in Arizona
BHP (NYSE, LSE, ASX: BHP), the world’s largest miner, is considering the reopening of four long-closed copper mines in Arizona, the centre of the copper industry in the United States….
Fitch lifts 2025 copper price forecast
Fitch Solutions’ Business Monitor International (BMI) has raised its 2025 average copper price forecast to $9,650 per tonne, up from $9,500 previously, as persistent supply disruptions and resilient industrial demand…
Codelco fast-tracks automation after deadly collapse
Chile’s state-owned copper giant Codelco is to fast-track automation at its El Teniente mine after a deadly collapse killed six workers, in what became Chile’s worst mining accident in decades….