Iron ore price up as China steel futures hit new highs
Steel futures in China reached new highs as investors weighed the nation’s commitment to lowering production against its strong demand.
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White House touts EVs, but not backing gasoline-powered phase-out date
Biden’s plan calls for 500,000 new EV charging stations and $100 billion in new consumer rebates for electric vehicles.
FX investors see metals as a way to get in on Biden’s trillions
Currency investors are already picking the winners of the infrastructure spending boom that the plan is likely to unleash.
Zimbabwe gold output down 30% in first quarter
Small-scale miners who produce half of the mineral say shafts were flooded by above normal rainfall during the period.
Home: Shanghai aluminum soars as China’s production stalls
Shanghai aluminum prices last week hit their highest since 2010 as the Chinese market gears up for a seasonal demand peak.
Palladium shoots to new records as deficit fuelled rally reignites
Expectations of a deeper deficit have pushed up prices 20% since mid-March, with palladium touching a new all-time peak of $2,891.20 on Wednesday.
Metso Outotec profit beats forecast on aggregates rebound
Company said there was strong demand for its equipment in Europe and North America.
Debswana to sink $6bn into Jwaneng underground mine
The expansion will produce as much as 9 million carats per year, extending the current diamond mine’s lifespan by 20 years.
Foran Mining wants to develop world’s first carbon-neutral copper project
The miner will record emissions and purchase offsets for the carbon emitted from exploration activities over the past decade at the McIlvenna Bay deposit.