Gold price falls below $2,000 as market readjusts rate hike expectations
Markets are now pricing in an 85% chance of a 25-basis-points rate hike at the Federal Reserve's next meeting.
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Ximen receives final permit for Kenville gold mine in British Columbia
Between 1890-1954, the Kenville mine produced approximately 66,000 oz. of gold.
China to speed up iron ore projects to secure domestic supply
China's annual iron ore output is set to hit an eight-year high of 290 million tonnes in 2023.
CATL says new super strong battery may power electric flight
The battery, which loads more power into a smaller package, has an energy density of 500 watt-hours per kilogram.
CMOC gets Congo deal to free stockpile of copper and cobalt
CMOC and its state-owned partner Gécamines reached a “consensus on the royalties issue” at the Tenke Fungurume operation.
India’s NMDC explores lithium reserves for mining in Australia
NMDC is the majority owner of a mine located in Mt Bevan and hopes to start mining within two years.
China’s Huayou seeks to build nickel ore processing plant in Philippines
The Philippines has 34 operating nickel mines and ships most of its raw nickel ore to China and some to Japan.
Record demand pushes silver into new era of deficits, Silver Institute says
Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces.
Chile’s drought hits Antofagasta’s copper output in Q1
It produced 145,900 tonnes of copper in the period, down 25.4% from Q4 2022 on water shortages at Los Pelambres and lower grades at Centinela.