Gold price under pressure from high US bond yields in holiday trading week
Gold has gained 27 per cent so far this year.
Indonesia’s state miner PT Aneka Tambang Tbk and Chinese precursor manufacturer CNGR Advanced Material Co. Ltd. signed a framework agreement to build a nickel industrial park in Indonesia, the companies said on Wednesday.
CNGR will invest in a facility to produce nickel matte with installed capacity of 80,000 tonnes in a park managed by Antam’s unit PT Kawasan Industri Antam Timur, which is expected to start operations in 2025.
(By Stefanno Sulaiman and Bernadette Christina; Editing by Martin Petty)
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