Palladium price drops below $1,000 as demand from key car sector wanes
Mining News Pro - Palladium dropped below $1,000 an ounce for the first time in five years as demand falters amid a slowdown in car sales, the rise of electric vehicles and as users switch to cheaper platinum.
-
-
Visit: 48
JPMorgan sees gold price charging to records in 2024 as Fed cuts rates
Mining News Pro - JPMorgan Chase & Co. sees an opportunity in gold ahead of a likely US recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.
-
-
Visit: 111
London aluminum, zinc on track for best week since January
Mining News Pro - Aluminum and zinc prices in London were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies.
-
-
Visit: 118
Mining veteran Mick Davis raises $590 million for metals fund
Mining News Pro - Mining veteran Mick Davis’s investment firm raised $590 million as the dealmaker steps up his hunt for the metals needed for the energy transition.
-
-
Visit: 103
Currency markets wobble after Credit Suisse deal as Fed remains acid test
Mining News Pro - Currency markets fluctuated amid thin volumes after Switzerland brokered a rescue of Credit Suisse Group AG, with traders weighing the deal’s impact on the Federal Reserve’s monetary-tightening path.
-
-
Visit: 0
AQR leads 10 hedge funds suing LME over nickel trade debacle
Mining News Pro - AQR Capital Management formally filed a London lawsuit against the London Metal Exchange, joining nine other hedge funds in a series of claims targeting the exchange’s decision to cancel billions of dollars in nickel trades last year.
-
-
Visit: 138
Harmony Gold says profit boosted by better metal grades and prices
Mining News Pro - South Africa’s Harmony Gold expects profit for the six months to Dec. 31 to have risen by as much as 30%, it said on Thursday, with higher metal grades and prices offsetting increased production costs.
-
-
Visit: 123
Harmony Gold says profit boosted by better metal grades and prices
Mining News Pro - Harmony Gold expects profit for the six months to Dec. 31 to have risen by as much as 30%, it said on Thursday, with higher metal grades and prices offsetting increased production costs.
-
-
Visit: 189
Historically low stocks behind spike in zinc price for delivery tomorrow
Mining News Pro - Prices of London Metal Exchange (LME) zinc for delivery tomorrow traded at a large premium on Monday over prices for the following day due to buying fuelled by nervousness about availability in the LME system as stocks hit historic lows.
-
-
Visit: 235
Banning Russian aluminum would create uncertainty about LME’s role
Mining News Pro - Banning Rusal’s metal will fuel volatility in the London Metal Exchange’s aluminum contracts and create uncertainty about the exchange’s role in the metals industry, the Russian aluminum giant said in a letter seen by Reuters.
-
-
Visit: 946
Gold price near ‘danger zone’ as dollar
Mining News Pro - Gold steadied after a two-day decline as traders eyed the soaring dollar and a surge in Treasury yields amid expectations of further monetary tightening by the Federal Reserve.
-
-
Visit: 539
Iron ore price rises as China cuts lending benchmarks
Mining News Pro - The iron ore price rose on Tuesday after China cut benchmark lending rates and lowered the mortgage reference by a bigger margin in a move to support its property market.
-
-
Visit: 667
LME nickel volumes plunge with exchange still hostage to March trading fiasco
Mining News Pro - The volume of nickel traded on the London Metal Exchange (LME) dropped more than 40% in July as funds, consumers and producers continued to shun the market – months after trade was suspended for more than a week in March as prices dramatically spiked.
-
-
Visit: 591
Copper price near 6-week high on softer than expected US inflation
Mining News Pro - The copper price rose on Thursday to the highest in nearly six weeks, helped by easing demand worries after US inflation data came in softer than expected.
-
-
Visit: 567
Aluminum price pulls back on concern about Chinese construction demand
Mining News Pro - Aluminum and copper prices slipped on Wednesday on worries about declining demand after data from top metals consumer China highlighted a weak construction sector.
-
-
Visit: 571
China July copper imports rise on-year as price slump spurs buying
Mining News Pro - China’s imports of copper rose 9.3% from a year earlier, customs data on Sunday showed, as a sharp drop in the price of the metal triggered buying appetite amid falling domestic inventories.
-
-
Visit: 655
Gold price rises to four-week high ahead of fresh US economic data
Mining News Pro - Gold rose to the highest since early July as investors waited on fresh data to be released on the state of the US economy and the potential pace for interest rate hikes.
-
-
Visit: 612
Glencore flags cash tied up in record trading profits
Mining News Pro - Glencore Plc, on course to report it best ever trading year, has flagged that those profitable bets have tied up more working capital than normal.
-
-
Visit: 501
Rio Tinto, Fortescue record profits near end on price view
Mining News Pro - Australian iron-ore miners Rio Tinto and Fortescue Metals Group are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labor market.
-
-
Visit: 730
Gold price set for longest run of weekly losses since 2018
Mining News Pro - Gold is heading for its fifth weekly loss, the longest streak of such declines in almost four years, with haven credentials sidelined by investors becoming super-bullish on the US dollar.
-
-
Visit: 736
Wealth shock delays gold bull market as Goldman revises targets
Mining News Pro - Gold has been hit by a large “wealth shock” on the back of a weaker yuan following the economic impact of the lockdowns in China, the world’s largest consumer, according to Goldman Sachs Group Inc., which revised its price targets. Still, the worst may be over, it added.
-
-
Visit: 980
Iron ore price sees biggest weekly gain since March on China demand optimism
Mining News Pro - The iron ore price topped up its biggest weekly gain in 13 weeks as traders tracked China’s moves to rein in covid-19 restrictions that have weighed on steel demand this quarter.
-
-
Visit: 835
Copper price hits 8-month low on slowdown fears
Mining News Pro - Copper prices tumbled on Thursday to their lowest in 8 months as traders worried that a slowing global economy would require less metal.
-
-
Visit: 385
Bears tip-toe back into copper market as demand fears grow
Mining News Pro - Copper prices were under pressure Monday morning, with London Metal Exchange three-month metal falling below the $10,000 per tonne level for the first time in a month.
-
-
Visit: 916
Gold price bounces back after Fed’s rate hike announcement
Mining News Pro - Gold steadied on Wednesday after falling to a two-week low earlier as the US Federal Reserve, in a widely expected move, raised interest rates by a quarter of a percentage point.
-
-
Visit: 1050