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 […]
Battery Metals
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 […]
Newmont terminates option on Nevada gold-silver project
Newmont (NYSE: NEM, TSX: NGT, ASX: NEM) said on Thursday that it is walking away from the Appaloosa project in Nevada held by Canadian junior Gunpoint Exploration (TSXV: GUN). A notice to terminate an option and earn-in agreement signed in September 2022 between Gunpoint and Newcrest Mining, now part of Newmont, has been issued. Appaloosa […]
Scientists make game-changing discovery with new rechargeable battery in goal to replace lithium-ion — and it could drastically lower the cost of power
A new development in battery making could drastically cut the cost of power production. In a study published in Joule on March 20, researchers explored how manganese metal batteries are among the best candidates to overtake the conventional lithium-ion battery because they feature high energy densities and low costs, but that the development of a […]
Gold price heads for best month in over a year
Gold rose again on Thursday and is bound for its biggest monthly rise since November 2022 on the back of a blistering rally spurred by bets on US interest rate cuts and strong safe-haven demand. Spot gold was up 0.9% to $2,210.80 per ounce by 9:05 a.m. EDT, on track for a monthly gain of […]
Chile needs to finalize more lithium plan details to spur investment, miners say
The Chilean government’s new plan to usher in private investment at a number of the country’s lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining executives and analysts said on Wednesday. Industry players said they are seeking information on how contracts will be awarded by officials in the country […]
How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffett-backed BYD. In […]