Beyond politics, the takeover must still pass a review by the Committee on Foreign Investment in the United States.

The US is supporting a grant to Eramen Minerals to develop an ore-to-nickel and cobalt processing plant.

Bloomberg analyst says that investors find gold to be a better hedge against geopolitical risk than government bonds.

The latest US inflation reading offered some calm to markets a day after a hot price reading curbed bets.

It comes about a month after a similar lawsuit was filed by the site's developer, Northern Dynasty Minerals.

Given its pricing and shipping costs, analysts with Wells Fargo wrote that it's likely a "very low-profit business at best."

Peabody said warm winter weather in the US crimped demand for coal from utilities.

The rise is driven by new builds in China and decommissioning delays elsewhere.