China’s gold prices surge, hitting a record against the world
On Wednesday, an ounce of gold in Shanghai cost $2,007, about 6% higher than the price in London or New York.
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Europe lines up African minerals pacts to ease reliance on China
The European Union is finalizing partnerships with the DRC and Zambia to boost local industries.
Glencore and Seriti weigh job cuts in South Africa due to ‘dire’ train situation
Transnet has been hobbled by sabotage, cable theft and aging equipment.
Glencore to stop funding troubled New Caledonia nickel plant
New Caledonia has some of the world’s largest reserves of the metal, but its three smelters have faced years of losses linked to high costs and social unrest.
Codelco expects copper output to start recovering in 2024
Chairman said it would be a mistake for Codelco to delay projects currently under development.
Ford halts work on $3.5bn EV battery plant with CATL
Ford is facing its second week of strikes from workers and continued scrutiny about the battery plant from US Congress.
Microsoft to get carbon removal credits from biochar project
Producing biological charcoal and burying it in soils is a way of storing carbon for centuries.
Climate targets threatened by lack of mining investment: McKinsey
Report reveals looming shortages of minerals key to the energy transition as low commodity prices cause investors and miners to cut spending.
Peru is approaching peak copper — for now — as new mines stall
Output from the world’s biggest copper supplier after Chile this year jumped 20% through July from the same period in 2022.