Caterpillar quietly uses Russia as shipping route after pullback
Caterpillar continues to use Russia as a supply-chain route, even after the company said it had suspended business with the country.
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Russians buy up gold to salvage savings after ruble collapse
Increasing household demand for physical gold prompted Bank of Russia to halt its purchases from banks to ensure there’s enough supply for local buyers.
Turquoise Hill shareholders could score big with Rio’s bid
Analysts predict Turquoise Hill investors will seek a higher offer than the current C$34/share bid, perhaps greater than C$50/share.
Gold price extends decline ahead of Fed policy meeting
“Gold prices have moved lower in the past three days mainly because oil prices have fallen,” an analyst said.
Iron ore price drops as covid-19 outbreaks in China dim growth outlook
China has reported more local symptomatic covid-19 cases so far this year than it recorded in all of 2021.
Zambia lead poisoning victims seek court approval for Anglo case
Claim bolsters a lawsuit in locals allege Anglo caused widespread lead poisoning from the Broken Hill mine it had a stake in until 1974.
Aluminum price leads metals lower as China lockdowns threaten economy
The European Union excluded aluminum, copper and nickel from its latest set of trade restrictions on Russia.
VW is already sold out of some electric models for the year
Europe’s biggest automaker is pushing ahead with the industry’s biggest rollout of electric cars to challenge Tesla.
AMC buys stake in gold and silver mine in Nevada
The cinema giant is investing in Hycroft Mining Holding Corp. alongside Eric Sprott.
