Gold bulls delight in Jackson Hole as Powell juices price rally

Gold’s record-setting rally above $2,500 an ounce looks to have further to run, according to analysts.

Bloomberg News | August 26, 2024 | 8:03 am

Zijin Mining sees increasing threats to M&A ambitions

Zijin has already slowed acquisitions due to higher project valuations and geopolitical tensions.

Bloomberg News | August 26, 2024 | 7:57 am

China’s gold demand expected to rebound as economic jitters spur buying

A revival of demand in the world's top consumer of the precious metal could further support the rally in global gold prices.

Reuters | August 26, 2024 | 7:08 am

Nornickel examining impact of latest US sanctions

The US imposed sanctions on several Nornickel subsidiaries as well as on the Bystrinsky copper and gold project.

Reuters | August 26, 2024 | 6:54 am

Congo wants Trafigura partner Chemaf’s deal with Norinco halted

Chemaf put itself up for sale last year due to a cash crunch that was stalling the expansion of its Etoile and Mutoshi projects.

Reuters | August 26, 2024 | 6:50 am

Canada to hit China with tariffs on electric vehicles, steel

The government announced a 100% levy on electric cars and 25% on steel and aluminum.

Bloomberg News | August 26, 2024 | 6:46 am

Iron ore price rebounds past $100 after Chinese stockpiles shrink

A tentative sign that a period of severe oversupply is starting to ease.

Bloomberg News | August 26, 2024 | 6:20 am

Global refined copper surplus swells in first half of 2024 — report

New data from the ICSG indicated a preliminary surplus of about 488,000 tonnes, which is significantly higher than the 115,000 tonnes for H1 2023.

Staff Writer | August 25, 2024 | 8:35 am

KCGM — from unloved asset to Northern Star’s crown jewel

A former non-core asset of majors Barrick and Newmont, KCGM, also known as the Super Pit, is set to become Australia’s largest gold operation under the ownership of Northern Star Resources.

Kristie Batten | August 25, 2024 | 8:22 am

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