Base metals drop as investors weigh Fed path, China consumption
Industrial metals have had a soft start to the year.
Latest Stories
Capstone Copper to sell 59.5 million shares to RBC Capital for $280m
The offering is expected to close on around Feb. 8.
Endeavour resumes work at Burkina Faso gold mine after strike ended
The work stoppage at the Hounde mine in Burkina Faso has had “significant financial impacts” on the company.
China’s Zhaojin extends offer period for Tietto Minerals further
The Chinese gold miner last year lodged a bid of A$0.58 a share for Tietto.
Japan adds uranium to critical minerals list
According to official figures, Japan's uranium reserves are estimated at 6,600 tonnes, which could meet internal demand for about six years.
Gold price up 1% on new US jobs data
Investors' focus now shifts to Friday's US nonfarm payrolls for further clarity on the Fed's interest rate path.
GM, Stellantis-backed lithium startup seeks more than $1 billion for brine project
The funds are for a project from Controlled Thermal Resources Holdings Inc., known as CTR, in California.
Hedge funds ramp up copper bets as supply shocks reverberate
Funds including Tribeca Investment Partners, Terra Capital and Anaconda Invest all say the supply dynamics support price increases in 2024.
Glencore reports lower 2023 copper, nickel, cobalt output; flags further falls
Other producers including BHP have put nickel projects on ice to counter falling prices for the metal.
