SQM doubles down on lithium boom as peers go on the defensive

Britain sanctioned two of Russia's largest gold producers, Nord Gold Plc and Highland Gold Mining Ltd.

Iron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group.

The SPDR Gold Shares ETF has rallied 9.82% this year; yet those gains have not been reflected in the share prices of gold miners.

The miner has offered to sell copper at a premium of $89 a metric ton to major Chinese clients for its 2024 contracts, a drop of 36% from this year.

Also weighing on sentiment was news of unseasonably cold weather and blizzards hitting northeast China.

China topped up its gold holdings for a 12th straight month in October.

The offering comes six months after the company said it would need to raise enough cash to restart mining operations at its Velardeña properties in Mexico.

It’s been a big couple of weeks in mining circles and that’s being led by a surge in graphite stocks.

The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978, when it jumped 11.7%.