ECB data shows gold now tops US Treasuries in reserves as dollar holdings gradually ease. The US dollar remains the world’s dominant currency for trade and finance. Yet central banks are steadily buying more gold and reducing the share of dollar assets in their reserve portfolios. Here’s what the latest data shows — and why it matters. The US dollar …
Continue ReadingCopper climbed on Monday as fresh evidence of physical tightness in China and a growing tally of weather-hit output in Chile outweighed jitters over the US-Iran conflict. Comex copper for September delivery rose 1.3% to $6.35 a pound (just under $14,000 a tonne) by early afternoon in New York, bringing the red metal within 5% of the record set in early …
Continue ReadingAustralia needs to talk less about critical-mineral supply chains and more about specific minerals. Generic discussions about supply-chain resilience have become a substitute for strategic thinking. They encourage governments to speak in broad concepts while avoiding harder questions about where vulnerabilities actually sit. Supply chains don’t fail in theory but rather in specific minerals, facilities, ports and processing plants. Antimony …
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