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US Dollar: What effects on commodities market
The US dollar seems to be recovering against the euro, the renminbi and the other major currencies (Jby,Gbp, Cad, Sek and Chf – summarized in the dollar index). By graphically analyzing, on a weekly basis, quotations started to rise again from the fundamental support...
Rio Tinto to close operation in South Africa
Rio Tinto reported Monday that operations at its Richards Bay Minerals (RBM) project in KwaZulu-Natal, South Africa, which was shut down in late June after the murder of its top manager, will remain shut down despite talks with the government. Escalating violence has...
Copper: possible rebound in prices for July
From mid-May 2021 until June 21, 2021 copper prices corrected the bullish movement started in March 2020 (+144% new highs since 2009 in 10740 S/ton area). From June 21, 2021 prices started to settle, favoring a first recovery towards 9500 $/ton (currently prices are...
Rare earth: Vital Metals becomes Canada’s first producer
Vital Metals Limited has begun production of rare earth at its Nechalacho project in Canada's Northwest Territories. The company is now the first rare earths producer in Canada and the second in North America, in addition to California's Mountain Pass mine. CEO Geoff...