November 17, 2024

Aluminum price to average 6% higher in 2024, says Fitch Group’s BMI

Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations.

November 17, 2024

Gold loses some luster after Trump’s decisive win

Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.

November 15, 2024

Hedge funds slash bullish wagers on gold over Trump election win

Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.

November 15, 2024

Russia takes aim at US nuclear power by throttling uranium

Limits creates potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity.

November 15, 2024

Gold miners’ Q3 2024 fundamentals

Thanks to record gold prices, major miners achieved record revenues, record bottom-line earnings, and record operating cash flows.

November 15, 2024

Gold price faces worst week since 2021 as Fed signals no rate-cut rush

The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.

November 15, 2024

Peninsula Energy shares plunge on lower uranium production forecast

Peninsula also announced that CEO Wayne Heili will step down next year.

November 15, 2024

Aya Gold & Silver rises on Zgounder optimism, despite Q3 miss

In its Q3 results release, the company noted that the silver mine expansion is essentially complete at 99%.

November 15, 2024

Trump’s transition team aims to kill Biden EV tax credit

Transition team is planning to kill the $7,500 consumer tax credit for EVs as part of broader tax-reform legislation.

November 15, 2024

Aluminum price soars as China cancels tax incentive on exports

The export tax rebate was also removed for copper and lowered for some refined oil, solar, battery and non-metallic mineral products.