Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
The bill modifies the Energy Act of 2020 to expand the definition of critical minerals to include critical materials designated by the Department of Energy (DOE).
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
The world's biggest nickel producer has bought record volumes of the ore from the Philippines since April.
Reuters | November 15, 2024 | 10:21 am
