Iron ore price tumbles as recession fears fuel commodities selloff
"It's not just China where steel output is under pressure," said Warren Patterson, head of commodities strategy at ING.
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India raises import tax on gold to support rupee
India has raised its basic import duty on gold to 12.5% from 7.5% as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit.
Copper, zinc, nickel price rout continues despite rebound in China manufacturing
“It is increasingly clear that concerns about demand are taking precedence over supply issues in the metals markets”.
Chile sticks to plan for new mining profit tax up to 32% linked to copper price
"Historically, few countries have reached economic prosperity with a low tax load" – Chile finance minister, Mario Marcel.
Orea negotiating with Nordgold to take full control of Montagne d’Or JV
Montagne d'Or is an open-pit gold development project with potential to increase its reserves through infill and expansion drilling.
Tesla’s EV market share seen plunging to 11% by 2025, BofA says
Tesla is likely to lose its position as the dominant EV maker in the US to GM or Ford by 2025, says analyst John Murphy.
Gold price keeps its shine as other precious metals fade
Gold has held up well relative to silver and platinum.
EU looking to ban Russian gold in new sanctions package
Russia is the second largest gold mining country in the world, and its gold exports were estimated to be worth £12.6 billion in 2021.
Zijin adds China mine in race to join lithium’s global top tier
The group plans to pay 1.8 billion yuan ($269 million) for a 71% stake in a company mining for lithium in Hunan province.
