Aurubis to grow organically rather than through deals, CEO says
The $700 million facility will have an initial capacity of 90,000 metric tons per year.
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Gold price holds near record, could rise to $2,700, says Goldman Sachs
Bullion has gained about 16% so far this year and more than $500 since October.
Traders are already gaming the new Russian metal sanctions
The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.
Gold, copper-infused device quickly detects bacteria responsible for food poisoning
The new gold-copper-infused device is expected to be a game-changer when it comes to the shipment of food and pharmaceutical products.
Iron ore price hits over 5-week high on improving steel market, pre-holiday restocking
Near-term ore demand will remain solid as mills show increasing willingness to resume production after an improvement in margins and downstream demand, said analysts.
Short squeeze fears grip tin as LME says it’s watching market
Tin's 25% advance in 2024 puts it well ahead of more closely-watched commodities like copper or crude oil.
Zambia copper mines hit by state utility’s warning of power cuts
The southern African nation, which relies on hydropower for 85% of its electricity generation, is experiencing rolling blackouts amid an ongoing drought.
Global silver deficit to rise in 2024 due to higher demand, lower supply
The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024, according to the Silver Institute.
Antofagasta’s Q1 copper output down 11% yr/yr
The company reiterated that it expects output in 2024 of between 670,000 and 710,000 tons.
