Gold price surpasses $2,470 for a new all-time high Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks. Staff Writer | July 16, 2024 | 8:13 am
Development banks seek to revive world’s biggest power project The planned Grand Inga hydropower complex in the DRC has been stalled for decades. Bloomberg News | July 16, 2024 | 7:22 am
Ganfeng Lithium plans to build $1.1 billion trading desk Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said. Bloomberg News | July 16, 2024 | 7:04 am
China copper smelters bracing for shortage of vital scrap metal Around 30% of China’s refined copper production used scrap metal as a feedstock in 2023. Bloomberg News | July 16, 2024 | 6:58 am
Vedanta seeks $1 billion in upsized share placement Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country. Bloomberg News | July 16, 2024 | 6:55 am
UK’s first coal mine in 30 years faces climate court test Environmental campaigners are challenging the approval of a coking coal mine in northwest England. Bloomberg News | July 16, 2024 | 6:50 am
Barrick’s quarterly gold and copper output edges higher Barrick Gold's second-quarter gold output edged up by almost 0.9% from the previous three months. Reuters | July 16, 2024 | 6:47 am
Marimaca Copper gets $50m injection from Assore Investment gives Assore International a 14.99% non-diluted stake in the Canadian copper company, which owns the namesake project in Chile. Staff Writer | July 16, 2024 | 6:07 am
Rio Tinto ready to build Simandou after almost 30 years of setbacks Simandou has faced delays due to legal disputes, political changes, and the challenges of building out 600 km rail and port infrastructure. Cecilia Jamasmie | July 16, 2024 | 3:54 am
