Gold surge sees shift to speculative asset from haven, BIS says
Gold's gain was partly due to “trend-chasing investors” trying to take advantage of the “media hype”, according to the bank.
Latest Stories
Aura Minerals lifts growth outlook with Era Dorada feasibility
Florida-based miner said it envisions several development scenarios that could take its annualized gold-equivalent production to 600,000 oz.
Drilling reveals new zone at Omai Gold’s project in Guyana
Highlight hole at East Wenot cut 14.7 metres grading 11.07 g/t gold from 304 metres depth.
Contango Ore agrees to $812M deal to buy Dolly Varden
The deal will give Contango increased exposure to silver through assets such as Dolly Varden’s Kitsault Valley project.
Copper price climbs to fresh high on China outlook boost
Futures on the London Metal Exchange climbed as much as 1.3% to $11,771 a ton.
China’s annual coal demand to fall for first time in eight years, industry group says
Coal use also fell this year in the steel and building industries but was partially offset by growth in the chemical sector.
Vale to boost autonomous truck fleet in deal with Caterpillar
Vale's fleet would reach 90 units, up from 18 at the end of this year.
Congo miners urge urgent talks to clear cobalt export backlog
China is unlikely to see cobalt shipments from Congo’s new export quota before April, a veteran analyst said.
Nornickel fully restores cobalt production after repairs from 2022 fire
After the reconstruction, the plant's annual capacity will reach up to 3,000 tons of metallic cobalt.
