Gold price rallies on geopolitical risks and Fed rate cut bets
Treasury yields and the dollar weakened after the PPI report.
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Samsung SDI invests in Canada Nickel, has right to buy 10% of Crawford project
The South Korean battery maker can acquire a 10% equity interest in the Crawford project for $100.5 million.
China’s 2023 iron ore imports hit a record high on rising demand
The world's largest iron ore consumer brought in a total of about 1.18 billion metric tons in the past year.
China’s rare earth exports hit 5-year high on demand from EV, high-tech sectors
The world's largest producer of rare earths shipped 52,307 metric tons of the minerals abroad last year.
Codelco caps worst year in quarter century with production drop
Production for the last three months of the year was 358,000 metric tons, compared with about 384,000 tons in the fourth quarter of 2022.
Codelco reaches deal with supervisors union at Chuquicamata copper mine
The deal affects 658 people and includes incentives associated with meeting goals and improving productivity.
China copper smelter margins squeezed by tight supply of raw material
The scramble to secure supply has meant Chinese smelters have had to accept a cut in treatment charges.
Peru copper production in November up 10.9% from year ago
Peru's production boost in the month largely came from a strong performance at Anglo American's Quellaveco mine.
Ivanhoe’s Congo copper is what everyone’s after, president says
“Everybody's been knocking on our door, trying to understand what we are doing, trying to see how we did it,” Marna Cloete said.
