Gold tops US bonds as largest foreign reserve asset
Gold has surpassed US Treasuries as the world’s largest reserve asset globally for the first time in 30 years amid rising prices and aggressive buying by central banks. According to…
United States
BlueScope Steel rejects $8.8B takeover offer
BlueScope Steel (ASX: BSL) has rejected an $8.8 billion takeover bid by U.S. steelmaker Steel Dynamics (Nasdaq: STLD) and Australian conglomerate SGH (ASX: SGH), accusing the bidders of trying to buy…
Critical Metals to build pilot plant in Greenland
Rare earth developer Critical Metals (Nasdaq: CRML) surged on Wednesday as it approved the construction of a multi-use storage and pilot facility in Greenland to support its Tanbreez project. In…
US awards $2.7B in uranium enrichment orders
The United States Department of Energy awarded contracts worth $2.7 billion (C$3.7 billion) to three companies in a bid to boost domestic uranium enrichment capacity over the next decade and…
Copper prices hit yet another record
Copper prices surged to a fresh record on Tuesday as supply disruptions and U.S. trade uncertainty continue to fuel a sharp early-year rally across base metals. Benchmark three-month copper on…
Banks remain bullish on gold above $4,500
After delivering its best annual performance since 1979, gold is drawing fresh bullish calls from major banks as conditions line up for fresh record highs. In a note published on…
Mineral, metal prices to edge higher: Fitch’s BMI
Most mineral and metal prices are expected to increase slightly this year as robust demand and tighter supply combine with declining tariff uncertainties, according to BMI, a unit of Fitch…
Gold jumps after Venezuela president captured
Gold advanced nearly 3% on heightened geopolitical tensions following the capture of Venezuela President Nicolás Maduro by United States special operations forces. Spot gold hit a one-week high of $4,455.42…
Sprott kicks off year with 100,000-lb uranium buy
The Sprott Physical Uranium Trust (TSX: U.U for USD; U.UN for CAD), the world’s largest holder of physical uranium is hitting the ground running in 2026 after it bought 100,000…
BlueScope plays down $8.8B takeover bid
Australia’s BlueScope Steel (ASX: BSL) said Monday it will likely reject an A$13.2 billion (US$8.8 billion) takeover proposal from a consortium led by Kerry Stokes-backed SGH (ASX: SGH) and U.S.-based…
London Symposium video: McEwen touts Milei boost for Los Azules copper
Argentina’s pro-business shift under President Javier Milei makes it easier to move McEwen’s (NYSE, TSX: MUX) $3.1-billion (C$4.3 billion) Los Azules copper project towards construction, founder Rob McEwen says, provided…
Editorial: London calling
The title track of The Clash’s 1979 album borrows the urgency of a BBC global news broadcast, the ones that used to proclaim “this is London calling.” The song is…