View: Source Traders report a ‘scramble’ for yttrium, used in chips and jet engines; prices have soared 4,400% this year and China has sent no yttrium to the US since April. Another rare earth crisis may be looming as global supplies of the element yttrium have sunk due to China’s export restrictions. The price of yttrium has shot up by 4,400% …
Continue ReadingView: Source China’s Vice Premier He Lifeng and German Finance Minister Lars Klingbeil agreed on Monday that the two countries should strengthen commercial ties and bring an end to months of trade tensions between the world’s second- and third-largest economies. Klingbeil met He in Beijing on the first visit to China by a minister from Chancellor Friedrich Merz’s government. Ties between …
Continue ReadingView: Source Three new critical minerals projects will advance to the recently created Major Projects Office (MPO), Prime Minister Mark Carney announced on Thursday, unveiling the second tranche of nation-building initiatives aimed at accelerating infrastructure and resource development across the country. The new referrals to the MPO – a fast-track approvals body established under the Building Canada Act – include electricity infrastructure, liquefied natural gas (LNG) and three critical minerals projects. Earlier this month, as part of the federal Critical …
Continue ReadingView: Source China has announced the discovery of the largest gold deposit found in the country since 1949, with an estimated 1,444 tonnes of reserves in Liaoning province. The find, completed in just 15 months, comes as gold prices hit record highs. China’s Ministry of Natural Resources confirmed the discovery of the Dadonggou deposit on Friday. This is the largest single …
Continue ReadingView: Source September’s production up 1.2% from a year ago, with the sector in expansionary territory in the third quarter. SA’s mining production rose 1.2% in September compared with a year prior, outperforming consensus expectations and pushing the mining sector into expansionary territory in the third quarter. After a 5.1% gain in July and a flat reading in August, mining production …
Continue ReadingView: Source Gold rises above $4,200 as weak US data and central bank buying bolster demand. Gold prices climbed on Thursday, extending a week-long rally as investors continued to hedge against uncertainty over the US economy, even after lawmakers moved to end the government shutdown. Spot gold was trading at $4,234.63 an ounce by 09:25 GMT. The yellow metal has seen …
Continue ReadingView: Source Canada is working to reignite trade ties with India after a diplomatic pause that stalled negotiations in 2023. The emphasis is now shifting from political tensions to economic opportunity, with both governments keen to develop partnerships in sectors like critical minerals, clean energy, aerospace, agriculture, and artificial intelligence. According to a Reuters report, Canadian Trade Minister Maninder Sidhu’s recent three-day …
Continue ReadingView: Source The U.S. all-in aluminum price hit a record $4,816 per ton, nearly double its 2023 lows, as inventories tightened sharply. Trump’s 50% steel and aluminum tariffs slashed Canadian imports and spurred renewed interest in domestic production. Analysts warn that rising aluminum costs could intensify inflationary pressures amid strong global demand from AI and data center construction. Aluminum prices in …
Continue ReadingView: Source Prime Minister Mark Carney deserves credit for putting the subject of critical minerals at the top of his agenda, alongside port development and other key infrastructure, as his Liberal government aims to sidestep the United States and its current problematic leadership. Carney’s pro-mining stance is a welcome change from his predecessor, Justin Trudeau, whose government put roadblocks in front …
Continue ReadingView: Source Between early April and October 2025, palladium prices rose over 95% from $870 to nearly $1,700 per troy ounce, rising in lockstep with gold, silver and platinum over the same period. Prices for all four metals, however, corrected sharply in late October. The global inflation narrative that fueled the rally has three primary elements: Many countries including Brazil, China, …
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