Gold price drops to 2-week low as Fed opens door to faster tapering
The Fed suggested last week that it would table the idea of tapering its asset purchases at the upcoming December meeting.
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Iron ore price up as demand improves in China
Traders cheered a marginal improvement in consumption of industrial metals in China.
Zinc price jumps as Glencore cuts production in Italy
The Portovesme line, which can produce 100,000 tonnes of zinc sulphide a year, will be put on care and maintenance by the end of the year.
CATL becomes China’s second-biggest stock
With a market capitalization of nearly $249 billion, the Tesla supplier narrowly surpassed Industrial & Commercial Bank of China Ltd.
Congo president demands audit of mining registry to fight fraud
Transparency activists have estimated Congo has lost out on billions of dollars of revenue from mining deals over the past two decades.
Greenland strips Chinese mining firm of licence to iron ore deposit
General Nice, a major Chinese coal and iron ore importer, took control of the Isua mine project in 2015,
‘Greenflation’ a risk for renewable energy, but long-term viability intact
Prices of metals such as tin, aluminum, copper, nickel and cobalt have risen between 20% and 91% this year.
Mechanism behind coal creation may be different than previously thought
Penn State University researchers discovered that organic material eventually becomes coal and produces methane through microbial action.
Canada Nickel expands footprint in Ontario with 13 new properties
The target properties are within a radius of 95 km of the company’s flagship Crawford nickel-cobalt project.