Gold price gains 1% as US inflation data dents Treasury yields
"The report provides some optimism that inflation could be peaking here," OANDA analyst says.
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Novo sells New Found Gold stake to Sprott for $100 million
NFG's flagship asset is the 100%-owned Queensway project in Newfoundland.
Lundin Gold’s quarterly production reaches all-time high
The Fruta del Norte mine produced 121,665 oz. of gold, a 16.8% improvement over Q1 2021.
European coal price reaches one-month high as Russia supply curbs bite
The European Union, UK and Japan plan to phase out imports of the fuel to try to cut off a source of revenue for Moscow.
The near-500% rally in lithium price is showing cracks in China
Lithium prices seem to be losing momentum in China, as the nation’s worsening coronavirus outbreak has upended the electric-vehicle supply chain.
Newmont becomes sole owner of Yanacocha gold mine in Peru
The world’s no. 1 gold company is buying the 5% stake Sumitomo has in the Peruvian gold mine for $48 million.
American, UK companies join forces to develop largest uranium prospect in Argentina
Evolution Metals acquired a significant position in UrAmerica, the owner of the largest prospective uranium deposit in Argentina.
Glencore to supply cobalt to GM in multi-year deal
General Motors will use cobalt from Glencore's Murrin Murrin operation in Australia in the batteries that power its EVs.
Lynas posts record revenue on strong demand for rare earths
The miner also posted a record NdPr production of 1,687 tonnes during the quarter.