Also weighing on gold, Fed officials said earlier this week that the US central bank will need to keep raising interest rates gradually.

Demand for lithium batteries in the United States is expected to grow more than six times.

High oil and coal prices helped the company to post a record annual profit.

Barrick would be open to taking over Newmont’s stake in the massive Nevada Gold Mines joint venture, CEO Mark Bristow said on Wednesday.

Fortescue Future Industries CEO said the Inflation Reduction Act has made doing business in the US domestic market more appealing.

Annual metal production falls slightly in comparison to the 2020 feasibility study .

Until late October, the US bank had been helping to finance Trafigura’s nickel trades with companies linked to Indian businessman Prateek Gupta.