MINING.COM MINUTE: Biggest stories of the week
Copper price keeps soaring as bullish sentiment prevails; Iron ore price retreats on higher steel inventories in China; Gold price dealt ‘fatal blow’ by bond yield rally
Latest Stories
Gold price goes from commodity leader to laggard in shocking reversal
The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spending, has dropped more than 6% in 2021.
Global Battery Metals expands drill program at Irish lithium project
The company said new target areas are along the same lithium pegmatite trend as Ganfeng and International Lithium Corporation’s Avalonia project.
Iron ore price retreats on higher steel inventories in China
Iron ore prices fell on Friday after hitting their highest level since September 2011, as a survey of inventories of steel products in China showed a significant increase.
Copper price keeps soaring as bullish sentiment prevails
Citigroup analysts have pinned the global copper deficit at about 500,000 tonnes starting this year.
Golden quarter for Newmont, Barrick as high prices help profit beat
A 25% surge in gold prices last year has offered miners a lifeline following production disruptions due to the covid-19 pandemic.
Rio Tinto willing to negotiate Oyu Tolgoi agreement
Rio Tinto is open to replacing the underground development agreement with a new deal ratified by parliament, one of the sources said.
Biden to order review of US reliance on overseas supply chains for semiconductors, rare earths – CNBC
The White House plans to review gaps in domestic manufacturing and supply chains that are dominated by or run through “nations that are or are likely to become unfriendly or unstable,” CNBC reported.
Barrick to ‘step back’ from Freeport after copper gain
Barrick says the window has closed on a potential deal with Freeport-McMoRan.
