Rating agency said decision to nationalise the Kumtor mine indicated weak governance and investment climate deterioration.

The deal marks a positive development for Rio, which is reeling from Serbia's rejection last week of its proposed lithium mine as well as local opposition to projects in Ghana and the United States.

BofA sees investment demand driving gold to $1,925 in 2022.

Chinese lithium carbonate prices rose to a fresh record on Monday, as data showed a 35% month-on-month jump in electric-vehicle registrations in December.

Robert Wilt, a former Alcoa Corp. exec who was most recently CEO of one of Canada’s largest food companies, will lead Saudi Arabian Mining Co.

Kumtor is said to be tax compliant under Kyrgyz law for the first time.

Benchmark tin prices on the London Metal Exchange have hit record highs this week.