Gold demand to hit record with central bank buying, WGC says

Overall consumption climbed by about 3% to 4,899 tons last year, supported by strong demand in the OTC market, the World Gold Council says.

Bloomberg News | January 31, 2024 | 10:10 am

Activists, Hollywood take down top 50 mining company

The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new listing went ballistic.

Frik Els | January 31, 2024 | 8:31 am

Lithium market transition comes with delays, layoffs and M&As — WoodMac

Consultancy Wood Mackenzie says the market is moving towards maturity and its actors need to adapt to the new conditions.

Cecilia Jamasmie | January 31, 2024 | 3:45 am

State of strategic metals: navigating 2024 trends and global supply chain dynamics beyond China’s influence

Many factors, including economic conditions, technological advancements, and geopolitical events, can influence the status of rare metals.

Luisa Moreno | January 30, 2024 | 10:43 am

Pentagon plans AI-based program to estimate prices for critical minerals

The US Department of Defense plans to develop a program to estimate prices and predict supplies of nickel, cobalt and other critical minerals.

Reuters | January 30, 2024 | 9:01 am

LME targets Hong Kong as option for warehouse expansion

Chinese rules and regulations alongside resistance from competitor Shanghai Futures Exchange have frustrated LME's attempts to expand its network to China.

Reuters | January 30, 2024 | 8:31 am

Lithium miners warn on plunging profits after price freefall

Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry.

Bloomberg News | January 30, 2024 | 8:20 am

China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project

The entire Simandou project will be completed and put into operation in 2026, Baowu said in the document.

Reuters | January 30, 2024 | 8:15 am

Global clean energy spending surges to $1.8 trillion. It’s not enough

Total spending surged 17% last year to $1.8 trillion in installing renewable energy, buying electric vehicles, building hydrogen production systems and deploying other technologies

Bloomberg News | January 30, 2024 | 7:19 am

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Column: Funds buy back into copper’s supercycle credentials

Biden calls for tripling of tariffs on Chinese steel

Russia and China trade new copper disguised as scrap to skirt taxes, sanctions

Traders are already gaming the new Russian metal sanctions

Iron ore price hits over 5-week high on improving steel market, pre-holiday restocking

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