INFOGRAPHIC: World gold production

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

The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.

The IEA is placing a strong focus on critical minerals analysis, with the Agency set to release a World Energy Outlook special report this month.

The world's biggest nickel producer has bought record volumes of the ore from the Philippines since April.