Donlin contains about 39 million ounces of gold grading 2.24 grams gold in the measured and indicated categories, making it one of the largest and highest grade undeveloped open pit projects in the world.

Gold has been trapped between $1,930 and $1,880, and will take cues from the election.

Batteries can make up a third of a vehicle’s cost.

Biden supports bipartisan efforts to foster a domestic supply chain for lithium, copper, rare earths, nickel and other strategic materials.

Demand for gold from jewellers and central banks will remain sharply lower in 2021 than before coronavirus, company said.