Gold price steadies near record high as US inflation data looms

A flurry of copper mining deals are being lined up for the next six to 12 months, industry sources told Reuters.

Strong purchases during the October-December festival period, considered an auspicious time to own and wear gold, may underpin the global market.

Codelco is nearing a deal to acquire Lithium Power International.

The government also set the royalty for niobium at 3% of the average sale price, and for rare earth elements at 1% of the average sale price of rare earth oxide.

Fitch Solutions is revising down its 2023 average annual copper price forecast as US dollar strength and market fears of another US Fed rate hike places a cap on price growth.

Part of the funds will be used for long lead items identified during the ongoing front-end engineering design process.

Tecpetrol SA is giving shareholders in Alpha Lithium until Oct. 20 to accept a “best and final offer” that’s worth $210 million to $230 million.

"Our two venues have opened a new chapter of close cooperation and we intend to further deepen our collaboration in 2024," says LME CEO.

In the last few months, Citi requested delivery of about 100,000 tons of aluminum and 40,000 tons of zinc — worth over $300 million.