Look just beneath the surface of many of the technologies powering the energy transition and there’s a red metallic glint. Copper is a vital part of green infrastructure from grids to wind turbines, and a recent price surge threatens to make decarbonization more costly.
Copper steadied above $9,000 a tonne on Tuesday, easing fears that prices could correct lower after a breakneck rally powered by expectations of tight supply and growing demand.
Shares in copper miner Freeport-McMoRan (NYSE:FCX) rose 26% in February according to data from S&P Global Market Intelligence.
Gold has been taking a beating in recent weeks, the sell-off prompted by rising bond yields which are taking the shine off the yellow metal.
(Kitco News) - Brixton Metals (TSX: BBB, OTCQB: BBBXF) announced today the signing of a USD$44.5 million definitive earn-in agreement with a wholly-owned Montana subsidiary of High Power Exploration (“HPX”), a privately-owned mineral exploration and development company led by Chairman and CEO, Robert Friedland.
Gold prices inched up on Tuesday, having earlier slid to its lowest in 8-1/2 months, as U.S. Treasury yields eased and offset pressure from a stronger dollar.
(Kitco News) - Gold (1.38%) and silver (1.44%) have bounced quite nicely this morning on the first trading day of the month.
Gold jumped over 1% on Monday as a retreat in U.S. Treasury yields pushed investors to bullion again as a refuge from inflation following the passage of a $1.9 trillion U.S. stimulus package.
Leviathan Gold ramps up drilling at its high-grade Avoca gold property as a second drill rig is mobilized for March.
Leviathan's second drilling rig will be deployed to its Avoca property during the first week of March.
(Kitco News) - The copper market has been grabbing a lot of investor attention since the start of the year as prices have surged higher, culminating in this week's 10-year high.
Bullion markets seem to have spent three months trying to work out whether to rise or fall.
Copper price surged again on Tuesday after the metal shot above $9,000 a tonne for the first time in nine years.
(Kitco News) - The gold market may continue to suffer as bond yields move up, according to one fund manager.
SKRR Exploration raises ~CAD$2 million in its new financing from the sale of 6.8 million units
