A British consortium that includes mining giant Glencore will invest about US$9 billion in Indonesia's mining and electric vehicle (EV) battery sectors, a minister said on Wednesday (May 31), as the resource-rich country tries to lure a host of multinational firms.

British consortium to invest US$9b in Indonesia mining, EV batteries, minister says

Indonesia, the world's top nickel producer, has put on hold plans to tax nickel product exports while it works on creating a price index to ease volatility tied to the London Metal Exchange (LME) benchmark, a senior government official said on Tuesday (May 30).

Indonesia puts nickel export levy on hold to devise a price index first

Gold prices hovered near two-month lows in thin trading on Monday (May 29) as the US debt ceiling agreement eased investor worries and weighed on safe haven assets, while chances of the Federal Reserve raising rates dampened the demand for bullion.

Gold holds at two-month lows as US debt deal, Fed hike bets weigh

Gold prices rose on Friday (May 26) after the dollar retreated from a two-month high, although bullion was poised for a third straight weekly drop as traders assessed the progress of the US debt ceiling negotiations and the Federal Reserve's next policy move.

Gold prices set for weekly drop as US debt talks progress

Fitch Solutions has revised its tin price forecasts to US$25,000 per tonne (or RM115,602.77) from US$20,000 per tonne amid tight supply in the global tin market following regulatory changes.

Fitch forecasts higher tin prices amid tight supply following new rulings by Myanmar, Indonesia 

Indonesia will allow shipments of some raw minerals to continue despite an export ban that is set to start in June, the mining minister told parliament on Wednesday (May 24).

Indonesia to allow exports of five raw minerals despite June ban

Gold prices ticked up on Friday (March 19) but were on course for their biggest weekly drop in 3-1/2 months as hopes of a resolution in the US debt ceiling negotiations and fading expectations of a rate cut by year-end took some shine off bullion.

Gold set for biggest weekly fall since Feb on US debt deal hopes

BENGALURU (May 18): Gold prices steadied on Thursday as the dollar pulled back slightly from a seven-week peak, while traders focused on negotiations in Washington over raising the US debt ceiling.

Gold steady as US debt talks dominate market mood

Gold prices ticked down on Friday (May 12) as the dollar held firm, although persistent economic fears and the US debt ceiling standoff cushioned bullion's further decline.

Gold subdued on firm dollar, economic fears cap losses

Gold prices extended losses to a second session on Thursday (May 11) as the dollar advanced, while markets assessed US inflation data to gauge the Federal Reserve's next policy move and awaited England's interest rate decision.

Gold dips on stronger dollar as markets assess CPI data

Australia exported roughly US$40 million (RM178.3 million) worth of copper ore and concentrate to China early this year, Australian customs data shows, a sign of industry hope that trade in the red metal will resume as diplomatic relations improve.

Australia exports first copper to China since 2020, industry hopes end to ban near

Gold prices flitted in a narrow range on Tuesday (May 9) ahead of US inflation data, which investors will scrutinise for clues on the Federal Reserve's policy path.

Gold holds ground as investors brace for US inflation data

The Monetary Authority of Singapore (MAS) was the largest single buyer during the first quarter of 2023 with an addition of 69 tonnes of gold, the first increase in its gold reserves since June 2021.

Singapore top gold buyer among central banks in 1Q2023 — report

Gold prices ticked up on Monday (May 8) as the dollar eased and economic risks prevailed, while investors prepared for US inflation data to gauge the Federal Reserve's policy path.

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