September 17, 2021

Australia approves controversial Whitehaven coal mine expansion

The backing of the federal environment minister is described by advocates as a betrayal.

September 16, 2021

Sprott’s new uranium trust sees hedge funds driving metal demand

The Sprott Physical Uranium Trust has itself been on a buying spree, bolstering its stockpile by 45% in four weeks.

September 16, 2021

BlackRock fund manager cuts almost all gold from portfolio

Expectations that inflation-adjusted yields on US bonds will rise means the metal will no longer function as a hedge against equity markets, Russ Koesterich said.

September 16, 2021

Gold price drops to lowest in a month after US retail data surprise

Gold shed as much as 3% as an unexpected increase in US retail sales pushed up the dollar.

September 16, 2021

Iron ore price dives 7% on China’s lower steel output data

Mining stocks also slid, with BHP down more than 6% from the previous week, Rio Tinto down 5.3%, and Vale down 7%.

September 16, 2021

Copper price falls as China vows to release more metal reserves

China has released 420,000 tonnes of the metals in three batches so far this year via public auctions at prices “slightly lower than market."

September 16, 2021

Platinum-group prices are being hammered by the chip shortage

The shortage of semiconductors is clobbering the price of platinum-group metals as investors brace for a long-lasting hit to car production.

September 15, 2021

Aluminum price rises on talks of fresh output curbs in China

China's aluminum output in August slipped for a fourth straight month.

September 15, 2021

China will release more metal reserves to ease supply shortage – state planner

"Currently, copper, aluminum, and zinc prices are still high," said Li Hui, an official from the National Development and Reform Commission.

September 15, 2021

Copper price up on weak US inflation

Chile’s copper commission Cochilco has revised down its average copper price forecast for the year.