Bullion climbed for a fifth day Wednesday on reports that the president asked FBI Director James Comey to drop an investigation into a former National Security Adviser.
At least six startups have recently placed or leased claims in the area. They join North Carolina-based Albemarle Corp., whose recently acquired Silver Peak mine and processing operation has been unearthing lithium from Clayton Valley’s brines since the mid-1960s.
Botswana withdrew its decision to buy a 50 percent stake in South Africa’s Nkomati mine from GMK Norilsk Nickel PJSC because it can’t afford the price tag of just under 3 billion pula ($279 million).
The world’s two largest iron-ore exporters Brazil and Australia will each add about 100 million metric tons of supply through the end of the decade, boosting a global glut and hurting prices in a slump that will then force marginal miners to cut output, according to Citigroup Inc.
Hochschild Mining PLC, which operates three mines in Peru and one in Argentina, has soared 460 per cent in 2016, beating every other company in the Bloomberg world index of 5,125 stocks.
