Tag: metal
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Gold hits over 9-month highs as U.S. Fed chief strikes dovish tone
Gold prices rebounded sharply on Wednesday as the Federal Reserve chief’s surprisingly dovish remarks on the central bank’s fight to bring down inflation sank the dollar and signaled to investors that a peak in interest rates was likely approaching. Spot gold climbed 1.2% to $1,951.43 per ounce by 3:48 p.m. ET, its highest since mid-April…
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Canada injects $75 million into BHP’s Jansen potash mine
With billions of dollars spent in the past decade, BHP has already built two mine shafts and is planning for first potash production in 2026. (Image courtesy of BHP.) The government of Canada is investing C$100 million ($75m) to support the development of BHP’s low-emissions Jansen potash mine in Saskatchewan, about 140 km east of Saskatoon. The cash…
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More Than 300,000 mt of Lithium Battery Scrap Was Recycled in China in 2022, Recycling Market to Embrace Both Opportunities and Challenges in 2023
SHANGHAI, Jan 20 (SMM) – According to SMM survey, a total of 300,258 mt of lithium battery scrap was recycled in China in 2022 (including scrap in the form of battery, pole piece and black mass). Among them, 188,692 mt of ternary battery scrap was recycled, accounting for 63% of the total recycling volume, versus…
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