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Copper hits seven-year high as demand hopes build

Copper rallied for a fourth day to reach a seven-year high, adding to this week’s powerful surge across base metals on hopes for a post-pandemic demand boom. The metal, which is used in everything from household wiring to electric vehicles, is gaining on optimism that...

Australian gold output declines

Surbiton Associates director Sandra Close believes Australia’s gold production in 2020 may surpass last year’s record results despite output dropping in the September quarter. Gold output in the September 2020 quarter was 81 tonnes, marking a four-tonne decrease from...

Victoria blocks prospect for uranium mining

Victoria’s Legislative Council Environment and Planning committee has flagged that it is unlikely that the state will change its stance on uranium mining. In the committee’s its inquiry into nuclear prohibition report, the committee pondered Australia’s future for...