Lithium, cobalt markets cautious on China’s demand

LME Week, an annual gathering of the metals industry, took place in Mayfair, London, over October 19-23. Prices of both battery metals edged down in recent months from peak levels reported in spring, with demand from the consumer electronics sector weighing on the cobalt market and demand from energy storage systems (ESS) pressing on lithium prices. Cobalt market awaits potential …

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Boroo Plans C$1.5 Billion Investment to Restart Yukon’s Eagle Gold Mine

Singapore-based Boroo has agreed to acquire Victoria Gold Corp. for up to C$140 million and plans to invest more than C$1.5 billion in the Eagle Gold Mine in Yukon, according to a Thursday (October 22) news release. The company will invest in environmental remediation, mine restart activities and future operations at the project. Victoria Gold, formerly listed on the Toronto …

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A Rough Week for Platinum and Palladium

Platinum and palladium posted the steepest declines in the precious metals complex over the week. Platinum fell 7.2% to $1,538/oz and palladium dropped 7.5% to $1,022/oz, recording the two largest declines in the group. Silver was not spared either, falling 7.1% to $53.67/oz. These three assets, which are more exposed to industrial and automotive demand, bore the brunt of the …

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