Basic Materials
US Mining Companies Rush to Secure Loans Over Fears of Trump's Potential Return and Block Funding
US miners and battery recyclers are rushing to secure government loans before January due to concerns that a re-elected Donald Trump could block crucial funding for domestic mineral production.
Gold Hits Record Highs of $2,540.8 per Ounce, Analysts Predict $3,000 by 2025
As of August 19, gold prices have hit new highs, with spot gold at $2,508.14 per ounce and U.S. futures at $2,540.8 per ounce, amid rising expectations that prices could reach $3,000 by mid-2025.
Nestlé Expects Chocolate Demand to Drop as Cocoa Prices Rise
Nestlé warns of potential reduced chocolate consumption due to soaring cocoa costs, which may force price hikes and impact consumer demand.
Gold Production on Pause as Mining Industry Reveals Gold Becomes Difficult to Find
The gold mining industry struggles to ramp up gold production due to declining deposits, financing, and regulatory challenges as gold prices increase.