Gold prices eased on Thursday as a stronger dollar and bets over an early policy tapering by the U.S. Federal Reserve weighed on sentiment, although losses for the safe-haven metal were limited by concerns that rising COVID-19 cases will slow global growth.
[Chilean drought forces Antofagasta to lower its copper production target] Chilean miner Antofagasta (London Stock Exchange symbol: ANTO)) said on Thursday that Chile's water shortage forced it to cut its copper production target this year as climate change exacerbated a decade-long drought. The miner now expects to produce 710000-740000 tonnes of copper this year, down from a previous forecast of 730000-760000 tonnes.
Australia's Lake Resources said on Wednesday that the UK's export credit agency had expressed strong interest in covering 70% of the funding needed for the lithium developer's flagship Kachi project in Argentina.