US-China tensions boost prospects for Mexico copper smelter plan
Southern Copper is considering spending $1 billion-plus on a new smelter in Empalme, Sonora state.
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Northisle stock surges to highest in a year on near-surface gold hits
The 33,000-hectare North Island property hosts a number of porphyry copper and gold occurrences at varying stages of development.
Trafigura gets $500 million to buy Saudi’s non-crude commodities
The three-year deal gives Trafigura a big new chunk of credit tor trading at a time when energy prices are rising again.
Gold price down 1% with higher Fed rate bets supporting dollar
On the flip side, gold continued to find some support from robust physical demand.
China’s gold prices surge, hitting a record against the world
On Wednesday, an ounce of gold in Shanghai cost $2,007, about 6% higher than the price in London or New York.
Europe lines up African minerals pacts to ease reliance on China
The European Union is finalizing partnerships with the DRC and Zambia to boost local industries.
Glencore and Seriti weigh job cuts in South Africa due to ‘dire’ train situation
Transnet has been hobbled by sabotage, cable theft and aging equipment.
Glencore to stop funding troubled New Caledonia nickel plant
New Caledonia has some of the world’s largest reserves of the metal, but its three smelters have faced years of losses linked to high costs and social unrest.
Codelco expects copper output to start recovering in 2024
Chairman said it would be a mistake for Codelco to delay projects currently under development.
