November 15, 2024

Hedge funds slash bullish wagers on gold over Trump election win

Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.

November 15, 2024

US House of Representatives approves 2024 Critical Mineral Consistency Act

The bill modifies the Energy Act of 2020 to expand the definition of critical minerals.

November 15, 2024

Russia takes aim at US nuclear power by throttling uranium

Limits creates potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity.

November 15, 2024

Gold price faces worst week since 2021 as Fed signals no rate-cut rush

The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.

November 15, 2024

Peninsula Energy shares plunge on lower uranium production forecast

Peninsula also announced that CEO Wayne Heili will step down next year.

November 15, 2024

Trump’s transition team aims to kill Biden EV tax credit

Transition team is planning to kill the $7,500 consumer tax credit for EVs as part of broader tax-reform legislation.

November 14, 2024

Military Metals acquires past-producing antimony project in Nevada

The Last Chance property is situated in Nye county, Nevada, 11 miles west of the Round Mountain gold mine operated by Kinross.

November 14, 2024

Deep sea mining risks over $560 billion in countries’ annual export earnings — report

Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.

November 13, 2024

Citigroup cuts copper forecast on tariffs risk, China outlook

The bank has cut its short-term outlook for copper prices by 11% to $8,500 a ton over the next three months.

November 13, 2024

Hudbay Minerals shares up on record gold production in Manitoba

During Q3, the Manitoba operations produced 62,468 oz. of gold.