Base metals gain amid AI demand, supply concerns in July

Despite recent selling pressure, massive AI investments continue to expand the sector, supporting global growth and base metal prices, while persistent supply concerns push prices higher. Strong demand from the artificial intelligence (AI) sector, a weakening US dollar, supply concerns, and the US Federal Reserve’s waning likelihood of raising interest rates in the near future drove base metal prices higher …

Continue Reading

DRC bans copper and cobalt concentrates exports

The Democratic Republic of Congo has banned exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters on Thursday shows. After Reuters reported the ban, benchmark three-month copper on the London Metal Exchange rose by as much as 1.8% to $14,369.50 …

Continue Reading

UK opens applications for $34M critical minerals fund

The UK government has opened applications for its £25 million ($34 million) Critical Minerals Accelerator, offering grants to help bring critical minerals extraction, processing and recycling projects to commercialization. Run by the Department for Business and Trade, the program will provide grants of between £150,000 and £3 million ($200 and $4 million) to projects nearing their commercial stage but requiring support …

Continue Reading