Mining

After President Donald Trump's recent announcement, the Danish and Greenlandic Foreign Ministers will meet U.S. Secretary of State Marco Rubio and Vice President JDVance on Wednesday. Threats escalated Greenland is a?takeover'. Autonomous territory of Denmark Greenland's strategic location and mineral resources could prove useful to the United States. Greenland is home to 25 out of the 34 minerals that European Commission deem "critical raw materials". Greenland has banned the extraction of natural gas and oil for environmental reasons. The development of its mining industry is encumbered by red tape and resistance from indigenous people. Here are the main Greenland mineral...

Canada's main stock index reached a new record on Tuesday, thanks to gains in mining and energy stocks. Investors also analyzed U.S. inflation figures for clues about the Federal Reserve's future interest rate policy. As of 10:43 a.m., the S&P/TSX composite index was 0.2% higher at 32,924.5. ET, the index briefly touched an intraday high of 32,978.58 points earlier in session. Energy sector gains 2% as crude oil prices rise, as fears of supply disruptions from unrest in Iran outweigh the prospects for increased production in Venezuela. Materials sub-index, which includes precious metals miners, rose 1.2%, reaching a new peak,...

The price of gold hit a new record on Tuesday as U.S. inflation data fueled bets that the Federal Reserve will cut rates this year. As of 11:21 am, spot gold rose 0.4% to $4.609.69 an ounce. ET (1621 GMT), after a session high of $4634.33. U.S. Gold Futures for February Delivery rose by 0.1% to $4 617.90. David Meger said that the CPI data was a factor in the slight 'positive' tone in the market. This is because the CPI data indicates a greater likelihood of future Fed rate cuts. The core Consumer Price Index for the U.S. The...

The upward trend in gold and silver has resumed. Bullion is now above $4,600 per ounce, and brokerages are predicting $5,000, as a number of factors intensify and boost the metals' safe-haven appeal. On Monday, spot gold reached a high of $4,629.94?per?ounce, while silver rose to a new record of $86.22/oz during the same session. Metal has gained over 6% in only 13 days for 2026 after breaking multiple milestones last year and gaining 64 %. Major brokerages predict that gold will reach $5,000/oz by 2026. They expect safe-haven demand due to geopolitical tensions, monetary policy ease, ETF inflows, and...

L3Harris will separate rocket motor unit to IPO in 2026 Pentagon's investment marks the first direct-to supplier partnership Conflicts of interest may cause scrutiny to be placed on transaction structure By Mike Stone Jan 13: The U.S. Government will invest $1 billion into L3Harris Technologies, a growing rocket motor business. This investment will ensure a constant supply of motors that are used in many missiles including 'Tomahawks' and Patriot interceptors. In New York, shares were up 11.4% during pre-market trading. This deal is the latest investment by the U.S. Government in Corporate America. Previous investments include a 10% stake at...

Official blames 'terrorists' for deaths Protests are a result of a rotten economy The biggest challenge for authorities in recent years Elwely Elwelly DUBAI, January?13, - An?Iranian Official?said that about 2,000 people, including security personnel, have been 'killed during protests in Iran. This is the first time the authorities have admitted the high death toll following an intensive crackdown after two weeks of unrest across the country. Speaking to, the Iranian official said that what he referred to as 'terrorists' were responsible for both the deaths of protesters and security staff. The official didn't give any breakdown of the deaths....

L3Harris spins off rocket motor unit to be listed on the IPO market in 2026 Pentagon's investment marks the first direct-to supplier partnership Conflicts of interest may cause scrutiny to be placed on transaction structure By Mike Stone Jan 13 - U.S. Government will invest $1 billion into L3Harris Technologies rocket motor business. This investment guarantees a constant supply of the much-needed motors that are used in missiles like Tomahawks, Patriot interceptors and other types of missiles. The deal represents the latest U.S. Government investment in Corporate America. This includes a 10% stake at chip maker Intel, and investments in...

CME Group, the U.S. exchange operator, announced Monday that it will change the way 'it sets margins on precious metals in order to ensure adequate collateral coverage due to the current market volatility. CME announced in an announcement that, as of January 13, it will determine margins for gold and silver, platinum, palladium, and other metals based on percentages of the contract value. Previously, the margins were based on dollar values. Margin is the amount of money that a futures market participant must deposit to cover any default risk. In response to increased price volatility, exchanges typically increase margin requirements....

Atlantic Alumina Company announced that the U.S. Government and a Pinnacle?Asset Management?affiliate have invested more than $450?million into the alumina?producer in order to?boost the domestic output and build a large-scale primary galium production circuit. Atlantic Alumina or ATALCO announced on Monday that the U.S. Department of War had invested $150 million as preferred equity. Pinnacle, through its?affiliate Concord Resources Holdings?, has also put more than $300 million of private capital into play. The Trump administration is stepping up its efforts to secure U.S. mineral supply chains, including shifting federal support from grants to direct equity stakes. Washington wants to reduce...

QXO announced on Monday that it had secured $1.8 billion in additional financing from Apollo Global Management, Temasek, and other investors. The firm of?billionaire Brad Jacobs? is targeting acquisitions in the consolidating U.S. Building-Products Industry. After the building products supplier, QXO has committed to a new investment of $3 billion. Raised $1.2 billion Last week. QXO has said that it will structure the funding in a previously-disclosed series of convertible perpetual preferred stock, and use the proceeds for future acquisitions. M&A activity in the U.S. construction products industry has increased, as firms have sought to scale up and 'localize supply...

The U.S. Environmental Protection Agency rejected Colorado's plan on Friday to comply with regional haze regulations by closing its coal plants. It said the state "needs" the plants to continue running to maintain reliable power. The agency stated that Colorado's plan to reduce pollution from sulfur dioxide and nitrogen oxidation, which causes haze and smog in national parks and wilderness regions, violated the Clean Air Act since the state failed to?get the consent of one of the coal plant targeted for an early retirement. Why it's important The Trump administration is extending the life of coal-fired plants in order to...

The U.S. Securities and Exchange Commission dismissed on Friday its lawsuit against an ex-Rio?Tinto Chief Financial Officer, ending a longstanding fraud case over a "bad investment" in a Mozambique Coal Project by one of the world's biggest mining companies. The SEC announced in a Manhattan federal filing that it dismissed its civil case against Guy Elliott, "in the exercise its discretion," and without addressing its remaining claims. The SEC dismissed its civil case against Guy Elliott on Friday, without addressing the merits of any remaining claims. Elliott denied wrongdoing. His lawyers called it "a complete victory for the defense" in...

Silver broke through $90 for the first time and gold reached a new record on Wednesday. The escalating tensions in Iran, along with concerns about the Federal Reserve’s autonomy, fueled demand for safe havens, while lower inflation numbers boosted bets to cut rates. Gold spot rose 0.9%, to $4,627.72 an ounce, by 1001 GMT. This was after the gold price had reached a session high of $4.639.48. U.S. gold futures for delivery in February rose by 0.8% to $4 636. Jamie Dutta is the chief analyst at Nemo.money. He said that prices are rising because of "well-known haven characteristics" amid...

Silver surpassed the $90 mark for the first time, and gold climbed to a new record on Wednesday, after softer than expected U.S. inflation data fueled bets that interest rates would be cut amid geopolitical uncertainties. As of 0525 GMT spot gold was up 1% at $4,633.40 an ounce, after reaching a session high of $4.639.42. U.S. Gold Futures for February Delivery rose by 0.8% to $4640.90. Spot silver rose 4.2% to $90.59?per ounce, after breaking through $90 for the very first time. It has already risen nearly 27% this year. "U.S. CPI figures showed that inflation was relatively contained...

China's steel imports reached a monthly record high in December. This was largely due to the front-loading of shipments, which was prompted by Beijing's announcement that export licenses would be required for shipments starting 2026. Data from the General Administration of Customs in the Philippines showed that the world's largest steel producer exported 11.3 million tons of'metal' used in construction and manufacturing during the month of December, which was the highest amount ever for a month. Beijing plans to implement a license system to regulate steel exports in 2026, after robust shipments sparked a protectionist backlash around the world. Analysts...

Gold hit a new record on Tuesday as U.S. data on inflation fueled?bets that the Federal Reserve will cut rates this year. Meanwhile, persistent geopolitical and economic uncertainty drove demand for safe-haven assets. Silver also reached a new peak. As of 09:50 am, spot gold rose 0.8% per ounce to $4631.19 ET (1450 GMT) followed a session high of $4634.33. U.S. Gold Futures for February Delivery rose by 0.6% to $4641.30. David Meger said that the CPI data was a factor in the slight positive market tone. This is because the CPI data indicates a greater likelihood of Fed rate...

Investor caution before key inflation data slowed the upward momentum. Gold prices were mostly stable near their all-time high on Tuesday. Supported by concerns about Russia's intensified attacks?on?Ukraine?and?the situation in Iran?, gold prices were relatively steady. As of 1134 GMT spot gold was trading 0.2% lower, at $4,586.15 an ounce, after hitting a new record high of $4629.94 the previous session. U.S. Gold Futures for February Delivery fell 0.4% to $4,595.10. "A modest improvement?in U.S. dollars, driven by hawkish remarks from a Fed official and investors' attention?on the U.S. CPI release later in the session act as a headwind for...

The gold price was largely stable near its peak on Tuesday. This was supported by?ongoing geopolitical conflicts, but investor caution before key inflation data limited the upside momentum. As of 0947 GMT spot gold was trading 0.1% lower, at $4,588.43 an ounce, after hitting a new record high of $4629.94 the previous session. U.S. Gold Futures for February Delivery fell 0.4% to $4597.50. "A modest'recovery' in the U.S. Dollar, driven by hawkish remarks from a Fed official,... and investors' focus on U.S. CPI later in the session, acts?as a?headwind (for Gold)," said ActivTrades Analyst Ricardo Evangelista. John Williams, President of...

As investors took profits, gold?prices dipped on Tuesday. This was after the precious metal hit a record high of $4,600/ounce in the previous session, amid increased geopolitical uncertainty and economic instability. As of 0646 GMT spot gold was trading 0.3% lower, at $4,593.81 an ounce, while U.S. futures for delivery in February were down 0.6%, to $4,587.10. Kyle Rodda is a senior analyst at Capital.com. He said, "There may be a few traders who are just looking to make a quick profit. But as we saw yesterday the drop in Asia hours can be purchased pretty quickly." In the previous...

Gold prices were largely stable on Tuesday. They traded below the record $4,600/ounce price?reached in the previous session amid increased geopolitical uncertainty and economic instability as investors booked profits. As of 0357 GMT spot gold was little changed at $4.593.81 an ounce, while U.S. futures for gold delivery in February fell 0.3% to $4.602.70. Kyle Rodda is a senior analyst at Capital.com. He said, "There are probably some people who want to make a quick profit. But as we saw yesterday, the dip during Asia hours can be purchased pretty quickly." Bullion climbed over 2% in the previous session to...

Maximo Pacheco, the chairman of Chilean state-owned miner Codelco, said on Monday that it is expected to produce about 1.344 million metric tons (about 10,000 tons more) of copper by 2026. Pacheco stated that Codelco, as the world's biggest copper producer, will achieve a copper output of 1,33 million tons by 2025. The company also produced 100,000 tons of copper in partnership with other companies. Pacheco stated that the company's strategy was to "find copper" and to develop structural projects that would expand and prolong the life of our copper mines. The company will invest $150 million into exploration by...

On Monday, gold broke through $4600/ounce, and silver also hit a new record. Investors bought safe-haven assets amid increased geopolitical uncertainty, and the criminal investigation into Federal Reserve Chairman Jerome Powell. Gold spot jumped 1.7%, to $4.584.74 an ounce at 0752 GMT. Bullion reached a record-high of $4,600.33 during the day. U.S. Gold Futures for February Delivery increased by 2.1% to $4,595.30. Tim Waterer, KCM Trade’s chief market analyst, said: "Iranian events, potential U.S. participation, and the Fed chair being the subject of a criminal investigation... U.S. Futures turned lower after the Powell news. This was a greenlight for gold...

Gold prices broke the $4,600-per-ounce barrier on Monday, for the first time. Silver also reached a new record high. This was boosted by geopolitical, economic, and betting trends that the U.S. will cut interest rates. By 0203 GMT, spot gold had risen 1.3% per ounce to $4469.49. Bullion reached a record-high of $4,600.33 during the day. U.S. Gold Futures for February Delivery firmed by 2% to $4.591.10. Kelvin Wong is a senior analyst at OANDA. He said that the geopolitical risks are driving the bullish intraday momentum in the gold and silver market today. A rights group reported that more...

As commodity index readjustments, and a strong dollar kept the pressure on prices. Investors were positioning themselves ahead of important U.S. Non-Farm Payrolls Data due later that day. As of 0536 GMT spot gold was down 0.2% to $4,469.03 an ounce, but it still had a weekly gain of more than 3%. Bullion reached a record-high of $4,549.71 in December. U.S. gold futures for delivery in February rose 0.4% to $4 477.70. The U.S. Dollar strength is a major driver of gold prices at the moment, ahead of the NFP data, said Ross Norman, an independent analyst. The U.S. Dollar...