Gold prices edged higher in early trading Wednesday as US Treasury yields inched lower, although persistent inflation and the prospect of further Federal Reserve tightening continued to limit gains in precious metals. At the time of writing, spot gold was trading near $4,132.70 an ounce, up 0.22%. Spot silver moved in the opposite direction, down 0.58%, to around $57.61 an …
Continue ReadingTaiwan is the next pressure point that will test China’s weaponization of rare earth metals. When Japan indicated it would not remain neutral in a Taiwan conflict, Beijing responded by sharply restricting exports of several heavy rare earth materials, including dysprosium and terbium. Japan was the test case. With U.S.-China tensions escalating, a confrontation could likely lead to an immediate …
Continue Reading“We’re not at current price levels in base metals because of demand conditions,” Snowdon said. He said copper was at $14,500 per tonne because of US policy, while aluminium and zinc prices had been supported by supply “going backwards” for long periods this year. The London Metal Exchange three-month copper price closed at $14,420.50 per tonne at 5pm on Tuesday …
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