A handful of Western banks and traders from Citigroup to Trafigura Group are increasingly willing to enter new deals for Russian metals.

US Trade Representative Katherine Tai said "significant progress" was made on a US-UK critical minerals agreement in talks on Saturday in Japan.

According to S&P Global, the highest capital budget spend in financial year 2023 is expected to come from BHP.

Miner is struggling with weak production after a strike at its Peñasquito mine had shuttered operations since June.

The US Export-Import Bank is being eyed as a venue for boosting investment in Australian critical minerals development.

Wheaton has agreed to purchase 100% of the silver produced by the mine over the project life.

The US suspended import tariffs of 25% on EU steel and 10% on EU aluminum for two years from January 2022.

The geopolitical concerns are not going away in the short term, which will continue supporting gold, analyst says.