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Gold surges past $2 400 on Middle East conflict concerns
Published: 19 Apr 24
Gold surged past $2 400 an ounce as concerns over rising tensions between Israel and Iran stoked haven demand. Bullion rose as much as 1.3% and headed for a fifth weekly gain after unverified media reports of explosions in Iran, Syria and Iraq.
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New boost for platinum group metals may arise from eFuel scale-up
Published: 19 Apr 24
The emerging use of electrofuel (eFuel) as an interchangeable substitute for petrol, diesel and aviation fuel has the potential to create important new demand for Southern Africa’s platinum group metals (PGMs). This is because eFuel is a combination of green hydrogen and waste carbon dioxide (CO2) and demand for PGMs will arise when proton exchange membrane (PEM) electrolysers are used to generate the green hydrogen. PGMs and PEMs go hand-in-glove.
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platinum group metals PGMs Infinium AP Ventures
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Codelco eyeing more output, not competition with BHP, Chile's mining minister says
Published: 19 Apr 24
Chile's State-run copper miner Codelco must focus on boosting its production, but it has a global prestige that would not be tarnished if it cedes its role as Chile's top producer to rival BHP, Mining Minister Aurora Williams said on Thursday. Codelco, the world's largest copper producer and a symbol of national pride, is aiming this year to reverse two years of falling production in a bid to not only boost profits but also buttress Chile's sway over global markets.
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Antler copper project, US – update
Published: 19 Apr 24
New World Resources has received firm commitments to raise about A$20.4-million to advance its Antler copper project towards development and production.
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