Gold seen rising above $2 000/oz on inflation, mining veteran says

Gold price seen rising above $2,000 on inflation, mining veteran says

“The market is going to have to get used to inflation numbers being much higher for longer,” said Jake Klein, executive chairman at Evolution Mining.

Bloomberg News | August 18, 2022 | 5:15 am

Bankruptcies pile up in North America energy sector

Biden’s freeze on oil, gas leases on public land is reinstated — for now

Court on Wednesday threw out the judge’s nationwide injunction forcing a restart of leasing from the Gulf of Mexico to Alaska.

Bloomberg News | August 17, 2022 | 3:43 pm

Coal India has enough stock for non-power sector, ministry says

India may delay coal plant closures in blow to climate action

Other nations globally have also been responding to high demand and severe shortages of natural gas by burning more coal.

Bloomberg News | August 17, 2022 | 3:29 pm

Toyota, CATL shut plants in Sichuan as power crisis worsens

Floods in the northern Shanxi province, the biggest coal producer, are also leading to mine closures that could impact the wider electricity market.

Bloomberg News | August 17, 2022 | 9:08 am

Norsk Hydro to raise capex, cut more costs

Norsk Hydro shuts aluminum plant as Europe’s power woes deepen

Europe’s energy crisis has claimed another victim in the power-hungry metals industry.

Bloomberg News | August 17, 2022 | 8:56 am

Gold price to rebound when Fed pivots, FS Investments’ Gayeski says

The FS Chiron Capital Allocation Fund’s exposure to bullion may rise from 4% once the Fed begins to ease aggressively, said Troy Gayeski.

Bloomberg News | August 16, 2022 | 6:34 pm

Gold gaps higher after US output drops first time since Sep 2009

Gold price slips with rising yields as traders weigh data, Fed hiking

Data Tuesday showed a bigger-than-expected drop in US home construction, while production at US factories increased in July for the first time in three months.

Bloomberg News | August 16, 2022 | 4:22 pm

Graphite in EV batteries creates conundrum under US climate bill

Graphite, which is mostly produced in China, may cause issues.

Bloomberg News | August 16, 2022 | 3:47 pm

Commodity boom at risk as supporting factors fade, Fitch says

Why BHP reckons China’s economy is poised to improve

China’s infrastructure and automotive sectors are “already responding to policy support,” although a rebound in housing activity is expected to take longer, the producer said.

Bloomberg News | August 16, 2022 | 12:53 pm