welcome back to our weekly update I'm Charlotte McLoud with investing news.com and I'm here to give you a quick look at the mining stories I found most interesting this week the gold price largely stayed flat for the first part of this week but jumped on February 29th after the release of the latest personal consumption expenditures price index data core PC8 which excludes the more volatile food and energy categories was up 0.4% month on- Mon and 2.8% from the previous year the PC price index is the US Federal


reserve's preferred gauge for inflation and it's watched closely by experts who are looking for clues about when the Central Bank may start to lower interest rates well the 2.8% urine year increase is the slowest since March 2021 the 0.4% month-on-month rise is the biggest since January 2023 and is quite a bit larger than December's uptick of 0.1% the fed's next meeting is scheduled to run from March 19th to 20th and it now looks as the market participant for pricing in three rate Cuts this


[Music] year back in 2022 Canada ordered three Chinese investors to sell their stakes in Canadian critical Metals companies the move was geared at restricting foreign investment in this sector but new research from the University of Alberta shows that the landscape hasn't exactly changed in 2023 investors in China and Hong Kong made at least a dozen Investments worth 2.2 billion in Canadian critical Metals companies that's up substantially from the 62 million scene in 2022 as TMX group's demut ferson told


Reuters in reality this source of capital isn't being blocked public perception of uranium saw another shift this week as Sweden made moves to lift its ban on uranium Mining and exploration the moratorium has been in place since May 2018 but now the country has started a government investigation that could see it reverse course the inquiry will conclude on May 15th of this year Executives at Major nickel miners are sounding the alarm about the future of their businesses as cheap metal continues to flow from Indonesia


Bloomberg reported this week that about half the world's largest mines are unprofitable at current prices Indonesia's output of low-grade nickel has increased rapidly and Innovations in processing have allowed it to be refined into higher quality products meanwhile economic weakness has dampen demand non-indonesian miners have the advantage of producing Greener nickel but that hasn't boosted buying I'll leave the links to these stories in the video description if you'd like to learn


more by the time you see this video the investing news.com team will be on the way to pdac which runs from March 3rd to 6th in Toronto PDC is always one of my highlights for the year and I'm excited to be doing interviews with some of our most popular guests including Rick rule loo Adrien Dave Brian London and more if you're at PDC i' love love to say hello we'll be filming on the 700 level of the convention center just outside room 714b if you're not attending stay tuned here on YouTube and find us on xn


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