While gold was taking a hit on Tuesday, the metals trade has outshined artificial intelligence on Wall Street this year, even the latter has propelled the broader stock market to record levels. Gold crossed the $4,000-per-ounce threshold earlier in October, and just this week, it hit a record above $4,300 . It’s currently up more…
Key Points Demand for copper is expected to surge over the next decade, powered partly by the ongoing AI boom and a ramp-up in European defense spending. A “fragility” of supply chains, magnified by the current flare-up of trade tensions, shows why a diversity of supply is critical going forward. London Metal Exchange CEO Matt…
A view of mining facilities at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters China has tightened export controls on rare earths and related technologies while barring its citizens from participating in unauthorized mining overseas, adding fresh strains to a sector central to its geopolitical…
Gold eased on Thursday, as investors booked profits a day after bullion breached the crucial $4,000-per-ounce level. Fatido | E+ | Getty Images Gold eased Thursday, as investors booked profits a day after bullion breached the crucial $4,000-per-ounce level to hit a record high on economic and geopolitical uncertainties and hopes of additional U.S. interest…
Iron ore declined due to a cautious tone ahead of a major holiday in China that’ll see mainland markets closed for a week from Wednesday. Futures fell to $103 a ton in Singapore, the lowest since early September, after dropping 2.8% last week. Demand for the steel-making staple may ease during Golden Week break. Iron…