Wages cannot keep up with how fast the US federal government has been devaluing the dollar, and perhaps the only way to protect against this is to own gold.
Copper prices rose on Friday tracking gains in equities market buoyed by optimism over the global economic recovery on positive US labour data and its faster-than-expected covid-19 vaccination roll-out plans.
Major miners need to increase spending to secure fresh copper supply, analysts say, amid worries that availability of the red metal will slide just as demand surges.
Heliogen's AI-powered technology will be deployed at Rio's borates mine, using heat from the sun to generate and store carbon-free energy to power industrial processes.