April 12, 2024

US plans chips, nickel deals in Philippines as defense ties grow

The US is supporting a grant to Eramen Minerals to develop an ore-to-nickel and cobalt processing plant.

April 12, 2024

Safe-haven demand lifts gold price to $2,400, silver price to 3-year high

Bloomberg analyst says that investors find gold to be a better hedge against geopolitical risk than government bonds.

April 11, 2024

Gold price hits fresh high as Mideast tensions boost haven demand

The latest US inflation reading offered some calm to markets a day after a hot price reading curbed bets.

April 11, 2024

Alaska sues EPA over Pebble mine prohibitions

It comes about a month after a similar lawsuit was filed by the site's developer, Northern Dynasty Minerals.

April 11, 2024

Costco is selling up to $200 million of gold bars and silver coins every month

Given its pricing and shipping costs, analysts with Wells Fargo wrote that it's likely a "very low-profit business at best."

April 11, 2024

Peabody falls as production issues, weather crimp coal sales

Peabody said warm winter weather in the US crimped demand for coal from utilities.

April 11, 2024

Global coal power grew 2% last year, the most since 2016, survey says

The rise is driven by new builds in China and decommissioning delays elsewhere.

April 11, 2024

Sibanye-Stillwater to axe 4,000 jobs in gold mines restructuring

The planned restructuring of its loss-making South African gold operations may impact 3,107 employees and 915 contractors. 

April 10, 2024

Trafigura is using late founder as scapegoat on bribes, son says

Trafigura last month admitted that Claude Dauphin had approved bribe payments in Brazil

April 10, 2024

Gold price rally halted on signs of likely Fed rate cut delay

Both the US Treasury yields and dollar rose after the latest core consumer price index data.