Platinum is the third most traded precious metal in the world after gold and silver, and investment demand is growing. It is also an industrial metal that is widely used in a variety of sectors. The four main uses of platinum are in catalytic converters for the automotive industry; as…
Gold marked a new price milestone on Wednesday (October 8), breaking US$4,000 per ounce. The spot price hit a fresh record, rising as high as US$4,056.14 in midday trading. Future prices for gold breached US$4,000 for the first time on Tuesday (October 7) and have continued to climb higher. The…
Major miner BHP (ASX:BHP,NYSE:BHP,LSE:BHP) welcomed October with the news that it will invest over AU$840 million in its Olympic Dam copper operation in South Australia. In an October 1 release, the commodities giant said that the funding is for a series of “growth-enabling projects” at the site, focused on strengthening…
Saskatchewan has introduced a new royalty framework for lithium production, marking a major step toward supporting the province’s growing role in Canada’s critical minerals sector. The amendments to 2017 subsurface mineral royalty regulations formally establish a 3 percent Crown royalty on the value of brine mineral sales, coupled with a…
Here’s a quick recap of the crypto landscape for Wednesday (October 8) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ether price update Bitcoin (BTC) was priced at US$123,495, up by 1.5 percent…
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever. Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben…
Oracle Corp (NYSE: ORCL) closed notably lower on Tuesday after a report from tech publication – The Information – raised concerns about the company’s cloud margins.The aforementioned report suggested Oracle’s artificial intelligence (AI) infrastructure buildout – powered by Nvidia chips and new data centres – may be more capital-intensive than…
A fresh FBI probe into cyberattacks on prominent US law firms, an expanded funding drive for Elon Musk’s xAI, and UK Prime Minister Keir Starmer’s firm stance on visa restrictions dominated headlines overnight. Meanwhile, Washington’s government shutdown stretched into its seventh day, with lawmakers still deadlocked over health care subsidies.FBI…
Gold futures on COMEX hit a historic $4,000 per ounce late on Tuesday as record monthly ETF inflows continued to boost prices. The World Gold Council expects the gold price to hold on to its gain and there could be more upside in the coming weeks. “Our Gold Return Attribution Model (GRAM)…
SoftBank Group said on Monday it would acquire the robotics division of Swiss engineering firm ABB for $5.4 billion, marking one of its most ambitious bets yet on the convergence of artificial intelligence and robotics.The deal, which remains subject to regulatory clearance in multiple jurisdictions, will see ABB abandon earlier…