Hot News in this Week
May 16, 2025
Gold prices rose by nearly 2% on Thursday as investors sought safe-haven assets amid mixed economic reports and geopolitical tensions, with spot gold rising to $3,240.87 per ounce and US gold futures gaining 1.7%. The recovery follows recent data showing a decline in US producer prices and barely increased retail sales, which could lead to a more dovish approach by the Federal Reserve and boost the appeal of non-yielding assets like gold. Additionally, geopolitical instability involving major world powers, such as the ongoing Ukraine peace talks and tensions between the US and China, have contributed to gold's appeal.
Source: www.mining.com
Rio Tinto is investing $1.2 billion to modernize its Isle-Maligne hydroelectric power plant in Quebec, Canada, which has been operational since 1926. This is the company's largest single investment in hydroelectric assets since the 1950s and will ensure the long-term future of low-carbon aluminum production in the region, supporting jobs across Saguenay–Lac-Saint-Jean. The project will run until 2032 and includes replacing turbine-alternator groups, rehabilitating water intake and hydraulic passage, building an extension, and modifying a spillway.
Source: www.mining.com
Codelco, Chile's state-owned copper company, is expected to name its partner for the Maricunga lithium project by the end of June, with negotiations underway for contract terms and regulatory approvals, as the government seeks to assert greater control over lithium while keeping the door open for private investment.
Source: www.miningfeeds.com
The rest of this article is reserved for signed-in users.
Sign in or create your free account to read the full article.
Disclaimer: This content is generated by AI and may contain errors. We encourage you to verify any information presented.