BofA identifies the prime causes of violent metal short squeezes
LME inventories and non-commercial futures positioning are the primary drivers of metals short squeezes.
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Wesdome cuts new high-grade mineralization at Kiena gold mine in Quebec
Highlights from the drill results included 50.7m, with an estimated true width of 5.5m, grading 92.11 g/t gold.
Chinese warehouses check metal inventories as traders cry foul
Regular operations in at least three Chinese warehouses have been suspended to check on-site metal inventories.
Chile open to all paths to lithium mining, minister says
Chile's mining minister Marcela Hernando said the government is not opposed to tenders for lithium.
Gold price rises on dollar slump, weak private payroll data
Spot gold rose 1.3% to reach its highest in nearly a month.
Copper price scales $10,000 on Chinese stimulus, lockdown reprieve
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies to revive its pandemic-ravaged economy.
Global copper supply to outpace demand next year, says RBC
The brokerage in a note said it expects the industrial metal's price to be at $4.32 per pound in 2022, and then drop to $3.75 in 2023 and 2024.
Jewelers’ gold sourcing more challenging in times of war
With Russian gold and diamonds off-limits due to the war in Ukraine, makers of luxury jewelry and watches are finding it more difficult to secure raw materials.
Electrification of heavy-duty long-haul operations key to reaching net-zero on road transport by 2050 – report
Experts at BloombergNEF believe that battery-electric trucks are likely to become a viable option for heavy-duty long-haul operations by the end of the 2020s.