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After opening at $2035.10 in trading today gold futures surged to a high not seen for approximately the last year. As of 3:15 PM EST, the most active February 2024 contract has surged by $26.30 and is currently fixed at $2061.50.

BASF is taking advantage of the currently low interest rate environment in China and has signed a CNY 40 billion syndicated bank term loan facility with a maturity of 15 years for its new Verbund site in Zhanjiang. The new site is currently under construction in Guangdong province. The loan will be provided by major Chinese banks and offers flexible repayment options to optimize BASF’s cash ...

A vessel off the coast of Bilbao is now operating with an on-board ammonia cracker making pure hydrogen fuel to power its auxiliary services, in what the company behind the scheme claims is a “world first”.

“The lack of response [in the platinum price] is the elephant in the room that everyone is talking about,” he said. “During Covid and during the semi-conductor shortage automakers were not producing but they continued to take PGMs in terms of offtake agreements.”
This resulted in an estimated 1Moz in inventories held by automakers. Consequently, they modified their procurement strategies to run ...

Analyst: H2 Projects could be impacted.
The bombshell legal ruling cast doubt on Germany’s entire financing plans, including projects ranging from subsidies for chip and battery plants to sorely needed investment in the railway network. Senior officials have canceled some public appearances, clearing their calendars to deal with the upheaval.

The global semiconductor manufacturing industry is on track for recovery in the fourth quarter of 2023, setting the stage for continued growth in 2024, Semi and Techinsights predict. Q4 IC sales are expected to rise 4% sequentially as end demand improves and inventories normalize. Electronic sales are predicted to register a robust +22% QoQ increase in Q4 2023.

Global mined silver production is expected to fall 2% year-on-year to 820Moz in 2023, driven by lower output from operations in Mexico and Peru, according to The Silver Institute.

In the trial from late October through January, a specially modified van from Toyota's HiAce series is being used by local construction and security firms to confirm the vehicle's operability and durability on roads in the suburbs of Melbourne.

The business lost over $1.5 billion in value at the end of last week following a shocking announcement

Palladium prices have tumbled to five-year lows below $1,000 an ounce this week, hastening a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts.