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Commodities Archives - ViewusGlobal

#commodities (24 Posts)

  • Judge in Shanghai Calls Cryptos 'Commodities,' But Cautions Against Speculation and Crime Judge Sun Jie clarifies that cryptocurrency is legal in China as a commodity but warns against its speculative and illicit uses.
  • Gold Surges to All-Time High—Safe Haven Demand Soars with Election and Conflict Risks Gold prices have hit a new record high of $2,771.70 per ounce amid election uncertainties and Middle East conflicts, rising 34% this year.
  • Palladium Prices Spike 9.5% on Potential G7 Sanctions Against Russia’s Metals Palladium prices surged 9.5% after the U.S. proposed G7 sanctions on Russian minerals, raising supply concerns amid market anxiety.
  • Gold Hits Record High as Middle East Tensions and U.S. Election Fuel Demand Gold and silver prices surge amid election uncertainty and geopolitical risks, with gold reaching record highs of $2,740.
  • China and Turkey Set to Dominate Rare Earth Market with New Partnership China and Turkey signed an MOU to enhance cooperation in rare earth mining, aiming to strengthen global supply chains.
  • $2.1 Trillion Needed by 2050 to Meet Raw Material Demand By 2050, the mining industry will need $2.1 trillion to meet the rising demand for minerals crucial for a low-carbon economy.
  • Musk's Lithium Nightmare? Russia and Bolivia’s $970 Million Deal Could Shake Up the Market! Russia's state nuclear company subsidiary Uranium One Group will partner with Bolivia to build a lithium carbonate plant. 
  • Canadian Mining Giant Bets Big: $3.5 Billion Copper Investment Shakes Up Argentina First Quantum Minerals is investing $3.5 billion in Argentina's Taca Taca copper project, spurred by the suspension of the Cobre Panamá mine.
  • Goldman Sachs: China's Economic Slump Could Push Copper Prices Down to $5,000 Next Year Goldman Sachs has revised its forecast for copper prices next year, citing weak demand due to China's economic slowdown.
  • GM Hits Pause on Major Lithium Project Amid Trump Concerns GM postponed its $330 million investment in Lithium Americas' Thacker Pass project due to Trump’s potential re-election concerns.
  • Indonesia's Big Push for U.S. Investment Revealed—Here’s What You Need to Know Indonesia seeks U.S. investment in its copper industry and other projects to enhance resource value and strengthen mineral cooperation.
  • First Quantum Minerals Seeks $20 Billion in Compensation from Panama Over Cobre Panamá Mine Shutdown First Quantum Minerals seeks $20 billion from Panama for the shutdown of Cobre Panamá, affecting copper stockpile worth up to $340 million.
  • South Korea-Cuba Mineral Deal Threatened by U.S. Helms-Burton Law As South Korea and Cuba explore mineral cooperation, concerns about the Helms-Burton Act may disrupt business, similar to Panasonic's issues.
  • China’s Secret Copper Obsession: Why the World’s Top Consumer is Hoarding More Than Ever China's copper consumption surged 4.6% in 2022, driven by energy transition goals. Demand is rising in EVs and renewable energy.
  • World's Largest Uranium Deposit 'Declared a National Park'—Lawsuits and Legal Battles Follow ERA has filed a lawsuit against the Australian government after their lease renewal request for a major uranium mine was rejected.
  • Copper's Big Leap: Surges Past $10,000 as Investors Eye China's Policy Support Copper prices have surpassed $10,000. Amid expectations of increased demand in China, there's also speculation of further price increases.
  • Montana Faces Economic Blow with Potential Mine Closure The Montana palladium mine owned by Sibanye Stillwater, a South African mining company, is expected to shut down.
  • China's Rare Earth Monopoly Under Threat: Greenland's Minerals to the Rescue? The world's largest rare earth deposit in Greenland has been sold to Critical Metals, a Special Purpose Acquisition Company (SPAC).
  • Pennsylvania Could Supply 40% of U.S. Lithium Demand A research team at the University of Pittsburgh has suggested the possibility of large-scale lithium extraction in Pennsylvania.
  • Strike Alert! Canada's Second-Largest Copper Mine Faces Shutdown Canada's second-largest Gibraltar copper-molybdenum mine is on the verge of production suspension. A ...
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