Metal prices are at 10-month lows due to lower demand from the electric vehicle and aerospace sectors amid the pandemic.

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Although the United States continues to hold the largest gold reserves, China and Russia have emerged as the top buyers.

A global infrastructure spending push would mean a lot more energy metals will need to be mined.

The Australian miner would supply a minimum of 60,000 tonnes of the metal.

The deal continues a recent M&A flurry by Chinese gold firms.