Saudi Arabia ups mineral resource estimates to $2.5 trillion

Gold mining is a pillar of the country's economy, accounting for about 9% of gross domestic product in 2021 and 2022.

South Africa’s Moti Group said a Chinese company with which it planned to develop a lithium processing plant was halving its stake in the venture.

Governments have increasingly restricted or banned mineral exports in a bid to boost processing and retain more of the gains.

Indiana Resources delivered notices to Tanzanian authorities in 2020 over the amendments that canceled retention licenses prior to 2018.

Vescovo in 2019 became the first person to venture to the deepest trenches in the world’s five oceans.

That compares with a surplus of 18,800 metric tons in April 2023.

Prior to this, bullion has been consolidating around the $1,950 level as investors wait for a clearer outlook on the Federal Reserve’s monetary policy path.

Automakers argue they need more leeway on the rules because it’s currently impossible to produce EV batteries without inputs that have at least some Chinese ownership, while US materials producers contend the domestic supply chain won’t succeed if China’s playing a role.

The partnership will make it possible to set up more than four industrial mines, the president’s office said.