Investors are ramping up wagers that the Biden administration's focus on economic stimulus and electric vehicles will turbocharge a monthslong climb in copper and other industrial metals. Even though they slid alongside other commodities Friday, most actively traded copper futures are still up more than 2% so far in 2021 and near their highest level since early in 2013. They have been lifted by buoyant demand from China and wagers that an improving global economy will...
A U.S. judge approved the sale of shares in Venezuelan-owned refiner Citgo's parent company to pay Canadian gold miner Crystallex a $1.4 billion judgment for expropriation of its assets, even as the Treasury Department blocks the sale of the shares.
Global miner Rio Tinto said on Thursday it had reached an agreement with electricity provider Meridian Energy (MDDNF) to allow its aluminium smelter in New Zealand to continue operations until December 2024. Rio Tinto had said in July that it would close New Zealand's Aluminium Smelter, which is the country's single largest power user, due to high costs and a challenging market.
Global miner Rio Tinto said on Thursday it had reached an agreement with Meridian Energy (MDDNF), an electricity provider, which would allow its aluminium smelter in New Zealand to continue operations till December 2024.
- Rescue teams were on Tuesday racing to save 22 workers trapped underground for over two days after an explosion at a gold mine under construction in eastern China, as state media criticised a 30-hour delay in reporting the accident. Rescue workers were unable to contact the trapped workers because the blast damaged their communication system, the official Xinhua news agency reported.
* Biden to deliver a plan costing "trillions" of dollars. * Benchmark 10-year Treasury yields near 10-month highs. * Interactive graphic tracking global spread of coronavirus: https://tmsnrt.rs/3mvcUoa. By Shreyansi Singh.
- Rescue teams were on Tuesday racing to save 22 workers trapped underground for over two days after an explosion at a gold mine under construction in eastern China, as state media criticised a 30-hour delay in reporting the accident. Rescue workers were unable to contact the trapped workers because the blast damaged their communication system, the official Xinhua news agency reported.
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