Nickel, zinc join 'critical minerals' list

TUESDAY was a mixed session for metals as the US market ended an eight-day streak of gains, with the S&P 500 index falling 0.4% off an all-time high, its first loss this month.
Nickel, zinc join 'critical minerals' list Nickel, zinc join 'critical minerals' list Nickel, zinc join 'critical minerals' list Nickel, zinc join 'critical minerals' list Nickel, zinc join 'critical minerals' list
Among the base metals, aluminium, copper, lead and nickel each fell by more than 1%, while zinc and tin rose modestly.
 
It comes as the US Geological Survey published its 2021 draft critical minerals list for comment, adding nickel and zinc, and removing helium, potash, rhenium and strontium.
 
"Under the Energy Act of 2020, a ‘critical mineral' is defined as a non-fuel mineral or mineral material essential to the economic or national security of the US, as well as the supply chain, which is vulnerable to disruption," the USGS said.
 
Gold was trading at $1833.90 an ounce, while oil hit $84.15 a barrel.

 

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