Commodities face recession test even as Goldman stays bullish
Across markets, there’s growing talk that high prices for raw materials will be cured only by recessions in the second half.
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Imperial raises $32 million ahead of Mount Polley reopening
The bulk of the funds will be used to pay down debt and to fund capital expenditures at its 30%-owned Red Chris copper-gold mine.
Kore Potash cuts Congo project costs by $520 million
Kore also reduced the construction period for its Kola potash project by six months to 40 months.
Biden urges G7 to stay together as leaders target Russian gold, oil price
Britain, the United States, Japan, and Canada agreed to ban new Russian gold imports, the British government said on Sunday.
Asia coal prices hit record on hot global competition for fuel
Hotter-than-normal weather in China is pushing power demand to an all-time high, increasing the consumption of coal.
Norway, EU agree closer cooperation on batteries, raw materials
Several battery production plants are being planned in Norway already, including projects by Morrow, Freyr, Beyonder, and Corvus.
Codelco sees ‘very firm’ copper price ahead despite recent drop
Chile's government said this week it would allow the company to retain 30% of its profits from last year to help finance an ambitious investment plan until the end of the decade.
Ban on new gold imports from Russia seen as ‘largely symbolic’
The ban is unlikely to have any real impact on prices, with macro issues really driving sentiment at the moment.
Column: Iron ore needs China stimulus action, not just words
It appears market participants want to see actual demand rising, rather than officials talking about it, writes Clyde Russell.
