Gold price erases gains with yields rebounding on stimulus approval
Yields are in the rise again on approval of the $1.9 trillion covid relief bill, as well as promising jobs data.
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BlackRock says gold ‘failing’ as equity hedge, faces risks
BlackRock says that right now gold isn’t working well as a hedge against either stock moves or inflation risks, although it was against the dollar.
LME to make improvements to electronic pricing during ring closure
The London Metal Exchange will make changes to its electronic system for closing prices to make it more efficient during the suspension of open outcry trading due to the pandemic.
Glencore chairman Tony Hayward to step down by 2022
Announcement heralds a changing of the guard at the company, with long-serving chief executive Ivan Glasenberg due to step down in June.
Nonferrous metals exploration budget down 11% in 2020 – report
The global budget was $8.7 billion in 2020, down from the $9.8 billion registered in 2019, S&P found.
Lithium Australia’s cathode material manufacturing process granted patent
Lithium Australia and VSPC want to provide practical solutions for electric vehicle manufacturers seeking cobalt-free batteries.
Ontario to develop first critical minerals strategy
Recent proposed investments of almost C$6 billion in Ontario's auto sector could make the province a global hub for EV manufacturing.
BHP moves exploration team to Toronto to grow copper, nickel pipeline
The move to Canada’s most populous city is expected to help BHP grow its pipeline of “future-facing” metals projects.
Investors lining up for hydrogen subsidies in Chile
Chile plans to begin a competitive process within a month to award $50 million in subsidies.