The company plans to use the funds to advance the Altar copper-gold project in San Juan, Argentina.

Smelter closures in Europe could cut aluminum capacity by 750,000 tonnes and zinc output by 150,000 tonnes this winter.

Data showed that euro zone industrial production grew three times more than expected in June.

South Korea’s National Pension Service faces criticism over potentially weaker-than-expected plans to curb investments in coal.

Scarcity in the physical supply chain has drained metal away from the exchange, hitting rental revenue for storage suppliers, writes Andy Home.

Gold gave up early gains as traders assessed the Federal Reserve’s path of monetary tightening after another report showed US inflation easing.

Neal Froneman, who has urged gold miners to consolidate, said "the market is just not conducive at this stage to doing value-accretive transactions."