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.
Efforts to cut dependence on Chinese rare earths face hurdles from market slumps and stalled projects.
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.
China Mining Expo 2024 in Xi’an offers key R&D and partnership opportunities in mining tech, focusing on coal power and sustainable solutions.
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Weir to supply HPGR for De Grey’s Hemi Gold Project in Australia, boosting efficiency and sustainability.
BHP warns of short-term copper surplus due to uneven China recovery but anticipates significant price increases later.
Inflection Resources and Fleet Space are using AI for a copper-gold survey in Australia’s Macquarie Arc to find new drill targets.
Trafigura forecasts 10M tons of extra copper demand in the next decade due to EVs, AI, and infrastructure, boosting prices amid tight supplies.
Victoria Gold CEO John McConnell was fired by PwC after the company’s Yukon mine went into receivership due to a landslide.
Iron ore prices jumped over 4.6% due to China's stimulus and rising holiday demand, marking the largest increase in over a year.
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.