Floods in the northern Shanxi province, the biggest coal producer, are also leading to mine closures that could impact the wider electricity market.

Europe’s energy crisis has claimed another victim in the power-hungry metals industry.

The FS Chiron Capital Allocation Fund’s exposure to bullion may rise from 4% once the Fed begins to ease aggressively, said Troy Gayeski.

Data Tuesday showed a bigger-than-expected drop in US home construction, while production at US factories increased in July for the first time in three months.

Graphite, which is mostly produced in China, may cause issues.

China’s infrastructure and automotive sectors are “already responding to policy support,” although a rebound in housing activity is expected to take longer, the producer said.

Annual copper demand is set to expand 53% to 2040, mainly driven by the electrification of transport and infrastructure, BNEF analysts said.

The Central African Republic is defending the use of Russian assistance to take back territory the government says rebels have illegally occupied.

Large producers that exceed their goals will receive 80% of the payment for the additional output in foreign currency.

The world's largest miner by market value said coal and copper prices have risen in the recent months due to tight supply and geopolitical tensions.

The deal worth $55 million will give Seriti a 51% stake in the wind and solar power business.

Thungela Resources is searching for assets to buy after first-half profit surged on record-high fuel prices.