Buyer From:
United Kingdom
/
Quantity Requirement:
500 Ton
Requirements: - Acceptance of SBLC (Standby Letter of Credit) - Full payment only upon testing and smelting ore in South Korea - Seller to provide certificates of purity, export, and customs clearance Procedure: - Seller prepares 500kg/AU (21-23K). - Export customs clearance - After import clearance and purity inspection results, importer pays taxes. - Warehousing by Brinks and smelting (99.99%/24K) by Refinery (LS MnM/Korea Zinc). - Buyer pays for smelted gold - LBMA price.
Gold typically declines in September, but strong demand and central bank purchases might help counter this trend.
Gold has hit record highs this year but faces reduced demand from high prices. Geopolitical tensions may sustain investor interest.
Gold discoveries have dwindled since 2020, threatening future supply as production is set to peak in 2026 and decline afterward.
A study finds earthquakes may explain large gold nugget formation by generating electrical charges in quartz,leading to gold deposition
Kinross Gold's Great Bear project could produce 518,000 ounces of gold yearly at $812/ounce, with a $1.9 billion net present value, starting in 2029.
Weir to supply HPGR for De Grey’s Hemi Gold Project in Australia, boosting efficiency and sustainability.
Inflection Resources and Fleet Space are using AI for a copper-gold survey in Australia’s Macquarie Arc to find new drill targets.
Victoria Gold CEO John McConnell was fired by PwC after the company’s Yukon mine went into receivership due to a landslide.
BHP warns of short-term copper surplus due to uneven China recovery but anticipates significant price increases later.
Iron ore prices jumped over 4.6% due to China's stimulus and rising holiday demand, marking the largest increase in over a year.
BHP suspended Nickel West due to weak demand and supply issues. Nickel prices fell over 20%, with the market in surplus.
Tribal warfare near Barrick Gold’s Porgera mine in Papua New Guinea has killed at least 20 people and briefly halted the mine’s operations.