Demand globally will reach 42 million metric tons per year by that 2040 mark, up from 28 million metric tons in 2025, according to S&P Global

Bullion has risen 10.5 per cent so far in September, and is on track for its biggest monthly percentage gain since July 2020

Former UK Deputy Prime Minister and Foreign Secretary, Dominic Raab, exclusively writes for Gulf Business on how the GCC can play a bigger global role in critical mineral supply chains

Spot gold was up 0.2 per cent at $2,848.69 per ounce, after hitting a record high of $2,853.97 earlier in the session

The venture will initially invest $1.2bn over four years in mining companies in emerging markets in Africa, Asia and Latin America

The venture will focus on energy transition minerals, with commercial lithium production scheduled to commence by 2027

The precious metal has been found spread across a 32-kilometre long stretch