Energy crises and central bank moves to crush inflation present powerful headwinds across markets, underscored by copper’s collapse Friday below $8,000 a ton.

Hedge fund Elliott Associates and Jane Street Global Trading are suing the London Metal Exchange for up to $500 million after the LME cancelled nickel trades on March 8 when prices soared to record highs above $100,000 a tonne in chaotic trade. 

“It is increasingly clear that concerns about demand are taking precedence over supply issues in the metals markets”.

Montagne d'Or is an open-pit gold development project with potential to increase its reserves through infill and expansion drilling.

Russia is the second largest gold mining country in the world, and its gold exports were estimated to be worth £12.6 billion in 2021.

West Texas Intermediate dropped below $106 a barrel on Thursday, posting a monthly decline of 7.8%.

Deep-sea mining would involve using heavy machinery to suck up off the ocean floor nodules that contain cobalt, manganese, and other rare metals mostly used in batteries.

Chief Executive Officer Herbert Diess called China the company’s “second home market” this week.