The copper industry is about to get a new leader as BHP Group overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates. As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year, disrupting the Chilean state-owned behemoth’s reign as […]
Battery Metals
Copper hits fresh 14-month high on supply fears, China optimism
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter supply and hopes for a recovery in Chinese demand. Prices climbed as much as 1.7% to $9484.50 a ton on Monday before paring some of the gains. The metal has rallied about 15% in the last two […]
Could Fracking Tech Be the Key to Tapping Geothermal’s Potential?
Geothermal energy provides one of the cleanest and most consistent sources of renewable energy on Earth. In theory, there is enough geothermal energy under the Earth’s crust to sustainably power the entire planet – so why aren’t we using so incredibly little of it? The issue is tapping into that radiant heat – only a […]
Biggest gold miners are missing out on bullion’s record run
The world’s biggest gold miners are at risk of missing out on the metal’s record run after spending billions of dollars to become the obvious home for bullion-focused investors. Despite gold hitting all-time highs almost daily, Newmont Corp. shares were down about 6% this year to Thursday’s market close, while rival Barrick Gold Corp.’s stock had fallen […]
Bullish gold wagers swell as funds climb aboard record price run
Hedge funds and money managers boosted bullish bets on gold to the highest in four years as prices of the precious metal reached a series of peaks. Their net-long positions in US bullion futures and options surged 13% in the week ended April 2 to the highest since 2020, according to Commodity Futures Trading Commission data […]
Copper price jumps to new 14-month high on supply risks, demand hopes
Copper rallied to the highest in 14 months as investors flock to the bellwether industrial metal in response to rising supply risks and hopes for a global recovery in demand. Prices climbed as much 1.5% on Thursday after dovish comments from Federal Reserve Chair Jerome Powell added impetus to a rally that began in early […]
Gallium price has more than doubled since China export curbs
Prices for gallium are close to their highest since 2011 as China’s export restrictions crimp global supply and hurt buyers of the metal used in a swathe of high-tech applications. Beijing last year placed gallium and germanium under stricter government oversight — largely seen as a tit-for-tat response to the US-China trade war on technology. […]
Gold shatters new records as Mideast tensions add to bullish mix
Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing Middle East tensions, largely ignoring a stronger dollar and tempered bets for U.S. rate cuts. Spot gold was up 0.8% at $2,268.44 per ounce by 2:07 p.m. EDT (1807 GMT), after hitting an all-time high of $2,276.89 […]
Gold price hits another all-time high as Fed-fuelled rally continues
Gold continued its historic rally on Monday by setting another record high, as the latest US inflation data further boosted expectations of a Federal Reserve interest rate cut this coming June. Spot gold hit an all-time high of $2,265.53 per ounce in the early hours of trading, an increase of 1.6% on Thursday’s closing price, […]
Horizonte Minerals sinks further as company details additional costs for nickel mine
Horizonte Minerals (AIM, TSX: HZM) sank further this week after the company detailed additional funding that will be needed to complete the construction of its Araguaia nickel project in Brazil. In an update on Thursday, the nickel developer said the total funding required is in the region of $567-$592 million, which is at least $100 […]
