The World Gold Council revealed that holdings in global gold-backed exchange-traded funds fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows.
If push comes to shove, one of the world’s largest gold miners is prepared to do an end run around the U.S. should President Donald Trump’s threatened tariffs on Mexican goods bite.
While Australia-based Lynas cannot match China's rare earth processing capability, it is hoping that its role as the largest rare earth miner and the largest processor outside of China will help it forge new relationships and fuel expansion projects.