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Gold price on Tuesday, October 21: Gold starts at $4,371 as rare earths gain attention

Gold price on Tuesday, October 21: Gold starts at $4,371 as rare earths gain attention

Gold Futures Update Gold futures started the day at $4,371 per ounce, reflecting a 0.8% increase from Tuesday’s close of $4,336.40. In initial trading, prices even climbed to $4,393.60. Rare earth minerals have emerged as a significant factor in the ongoing US-China trade conflict. These minerals are essential for manufacturing computer chips, with China accounting […]

Cleveland-Cliffs to manufacture rare earths in the US

Cleveland-Cliffs to manufacture rare earths in the US

In a recent discussion, major U.S. steel manufacturers are looking to enhance domestic production of rare earth minerals. This move seems to be a reaction to China’s increasing control over these resources amidst ongoing trade tensions, particularly with the previous Trump administration. Cleveland-Cliffs, a prominent steel producer based in Ohio, made an announcement regarding this […]