April 3, 2024

Gold price rises above $2,300, shattering all-time high

US gold futures, meanwhile, crossed the $2,300 mark, up 1.4% at $2,313.60 per ounce.

April 2, 2024

US Steel union rejects Nippon Steel’s appeal for takeover support

In December, Nippon agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle to approval amid bipartisan opposition in a US election year.

April 2, 2024

Senators raise concerns over Nippon Steel’s China ties amid US Steel takeover bid

Democrat Sherrod Brown has urged President Biden to investigate Nippon Steel’s business dealings in China, according to the Financial Times.

April 2, 2024

Lithium trading hits record on CME as funds seize budding market

The drop in lithium prices has flipped the market into a contango, creating opportunities for funds.

April 2, 2024

Deutsche Bank says Glencore may weigh listing move to US

The firm’s primary listing could come into focus due to a lack of shareholder support for a plan to split off its coal business and list it separately in New…

April 2, 2024

Electra commissions clean iron pilot plant

Electra announced the commissioning of a pilot plant to produce metallic iron from already mined, high-impurity ores.

April 1, 2024

MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory

The manufacturing facility would have the capacity to produce approximately 1,000 tonnes of NdFeB magnets per year.

April 1, 2024

Pairing cryptocurrency mining with green hydrogen could boost deployment of renewable energy – study

Cornell University researchers found that pairing cryptocurrency mining with green hydrogen could provide the foundation for wider deployment of renewable energy.

April 1, 2024

Gold price hits another all-time high as Fed-fuelled rally continues

A host of positive drivers have pushed up bullion by around 14% since the middle of February.

April 1, 2024

Austria’s RHI Magnesita to buy US-based alumina producer Resco

The combined company would have 15 production sites across the United States, Canada and Mexico.