Annealed neodymium iron boron magnets sit in a barrel at a Neo Material Technologies Inc. factory in Tianjin, China on June 11, 2010. Bloomberg | Bloomberg | Getty Images Rare earth magnet makers are having a moment as Western nations scramble to build domestic “mine-to-magnet” supply chains and reduce their dependence on China. A turbulent…
Gold and silver prices soared to new highs on Monday. Gold was last seen at a record $4,445.8 per ounce while spot gold was last trading at $4,414.99. Prices are up nearly 70% since the start of the year. The metal has soared this year, smashing consecutive price records as risk assets lost ground. Gold is typically viewed…
Silver, often nicknamed the ‘Devil’s metal’ because of its volatility, has reached record highs this year and still has further to run despite a supply crunch, according to experts. The metal’s growth value has been running alongside gold’s, which has seen its own rally with the price surging past $4,000 an ounce this year. Silver…
Crystals of gallium are seen in a laboratory at Freiberg University of Mining and Technology in Saxony, Germany on 13 September 2023. Picture Alliance | Picture Alliance | Getty Images China has rolled back a number of restrictions on its export of critical minerals and rare earth materials to the United States, in a sign…
Annealed neodymium iron boron magnets sit in a barrel prior to being crushed into powder at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory in Tianjin, China, on Friday, June 11, 2010. Bloomberg | Bloomberg | Getty Images China’s exports of rare earth magnets to the U.S. fell sharply in September, ending months of recovery…
Gold prices rose to record highs as a U.S. government shutdown began on Wednesday. Chris Mcgrath | Getty Images News | Getty Images Gold prices soared to new highs on Wednesday, as the U.S. government entered its first shutdown in almost seven years after lawmakers failed to reach a deal on government funding. While the…
Gold prices notched another fresh record this week as more investors piled into the metal amid economic uncertainty and rising bets for a Federal Reserve rate cut. So far this year, bullion has gained about 35% as of Friday’s close. Spot gold is now near $3,600 an ounce. “Without a doubt, gold has been trending higher, and it’s…
Coils, coiled copper wires, lie on pallets in the wire plant (coiler) at Aurubis AG. Picture Alliance | Picture Alliance | Getty Images U.S. President Donald Trump has slammed an appeals court decision to temporarily block a land transfer needed by mining giants Rio Tinto and BHP to develop what is slated to become one…
