Gold mining stocks capped one of their strongest weeks in years on Friday, with benchmark funds gaining more than 20% as bullion climbed to its highest level since mid-June. The VanEck Gold Miners ETF (GDX) rose 21.09% over five days to $89.73 just after midday in New York. The VanEck Junior Gold Miners ETF (GDXJ) did even better, climbing 22.42% …
Continue ReadingAt the end of 2023, a cargo ship sailing towards the Bab el-Mandeb strait did something that would have been unthinkable just a year earlier. It turned around and sailed thousands of kilometres around the Cape of Good Hope instead. This one move sparked a chain of similar decisions, and in a matter of days, one of the world’s most important maritime corridors was effectively bypassed. It was a vivid …
Continue ReadingExports of Indonesian mineral products have resumed after delays linked to testing for rare-earth element contents, with shipments of alumina hydroxide and alumina oxide leaving from West Kalimantan, the President’s office said on Friday. The alumina products were produced by PT Indonesia Chemical Alumina, Presidential Chief of Staff Dudung Abdurachman said in a statement, and were among shipments that had been delayed by “differences in interpretation” of a policy regarding rare-earth …
Continue Reading