In today’s Mining Minute, Shae Russell discusses the uranium spot price increase to US$82 per pound while gold remains steady at US$2,660.
With reduced physical demand for gold, upcoming seasonal events may shift demand.
Meanwhile, base metals like copper, zinc, and nickel benefit from Chinese stimulus measures. Iron ore prices rise as inventories at Chinese ports decrease, and OPEC+ reaffirms plans to boost oil production in December.
Key Highlights:
Uranium spot price climbs to US$82/lb.
Gold holding at US$2,660 with potential demand from wedding season.
Base metals continue benefiting from Chinese stimulus.
Iron ore inventories drop, boosting sentiment.
OPEC+ plans to increase oil output in December.
Stay tuned for updates on economic data releases that could influence the Fed’s next move.
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#MiningNews #Uranium #Gold #BaseMetals #OPEC
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