Key LME copper spread spikes to highest level since 2021 squeeze
Copper contracts expiring Wednesday briefly traded at a $100 premium to those expiring a day later.
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US proposed SECURE Act aims to offset China’s grip on critical minerals
Bill would establish a strategic reserve to support domestic production and processing of minerals vital to electrification, clean energy and national defense.
BHP still has iron ore pricing power despite discounts, RBC says
The world’s largest mining company is deliberately absorbing the discounts to protect pricing, analyst wrote.
Former BHP executive to be appointed Chile’s mining minister
Santiago Montt, who has a doctorate in law from Yale University, will be named to President-Elect José Antonio Kast’s cabinet in a ceremony Tuesday evening.
Venezuela aluminum restart could cost up to $2.3B: WoodMac
Years of outages and neglect have shut Venezuela’s smelters, but analysts say the country still holds strategic value.
USA Rare Earth to build plant in France with gov’t backing
USAR's proposed facility has a capacity of 3,750 metric tons per annum and will be co-located at the Caremag oxide facility.
Portugal’s Lifthium wins $210 million grant for lithium refinery
Bondalti, Portugal's largest chemicals producer, already operates sites there and Lifthium aims to start operations by 2030.
Gold price soars past $4,700 for new record
Spot gold rose as much as 1.4% to an all-time best $4,749.84 an ounce.
Russia gains $216 billion in gold rally, replacing lost assets
Russia, the world's second-largest gold producer, mines over 300 tonnes/y of the metal.