Tin prices rise on Myanmar supply worry

Mining News Pro - Tin prices rose on Thursday on renewed concerns about plans by a major tin producing region in Myanmar to suspend mining later this year.

Aluminum trader’s huge LME position ignites battle for stock

Mining News Pro - One of the world’s biggest metals traders has built up a dominant position in one part of the London Metal Exchange aluminum market, creating a squeeze on exchange stocks and putting focus on the availability of non-Russian metal.

China’s property pain deflates ‘overhyped’ iron ore market

Mining News Pro - After a bullish start to 2023, iron ore is struggling with the reality that China’s property sector — the steelmaking material’s largest demand driver for two decades — is still far from a robust recovery.

Iron ore price mixed as steel group urges producers to cut output

Mining News Pro - Iron ore prices were mixed on Wednesday while a China steel industry group urged producers to curb output to stay afloat.

Iron ore price extends decline as China demand slumps

Mining News Pro - The iron ore price was the lowest since November on Monday as weak steel demand in China prompted a production slowdown.

Gold price falls below $2,000 as market readjusts rate hike expectations

Mining News Pro - Gold prices retreated below the key $2,000 level on Wednesday as the US yields marched higher, with investors turning skeptical over potential rate cuts later this year.

Hefty shortages to help buoy aluminum prices this year

Mining News Pro - Supply disruptions in China due to problems with hydropower mean hefty shortages of aluminum this year, which are likely to offset slow demand growth and help bolster prices.

Glencore adds Russian aluminum to LME system

Mining News Pro - Commodity trader Glencore has deposited more Russian aluminum in warehouses approved by the London Metal Exchange (LME) in the South Korean port of Gwangyang, one source with knowledge of the matter told Reuters.

Gold price hits 1-week high on robust China economic data

Mining News Pro - Gold prices edged higher on Wednesday as strong Chinese economic data drove bets for better physical demand from the world’s top consumer, though the risk of elevated US interest rates capped bullion’s gains.

Copper price rebounds on Chinese demand revival hopes

Mining News Pro - Copper price rose on Thursday as the dollar weakened and investors looked ahead to an expected revival in demand in China.

Copper price falls with China absent for Lunar New Year

Mining News Pro - Copper price fell for a second day on Wednesday, weighed down by a stronger dollar and the absence of China, where markets are closed for a week-long Lunar New Year holiday.

BHP expects China to underpin commodities demand in 2023

Mining News Pro - China is set to be a stabilizing force for commodities demand this year as developed nations face economic headwinds, BHP Group Ltd said on Thursday as it posted higher quarterly iron ore shipments that edged past expectations.

Trafigura plans to take large amounts of LME copper

Mining News Pro - Commodity trader Trafigura is planning to take large amounts of copper from London Metal Exchange registered warehouses, two people familiar with the matter said, adding that the metal was likely to remain in Europe.

Gold price retreats as new US employment data sends hawkish signal

Mining News Pro - Gold prices slipped by more than 1% on Thursday, putting an end to its New Year rally, as the latest release of US labour market data boosted expectations of higher interest rates for longer.

Copper price retreats as China reports rising covid cases

Mining News Pro - Copper prices slid on Thursday as rising covid-19 infections in China and fears of a global recession weighed on prices.

Iron ore price rises as more policy support looms in China

Mining News Pro - Iron ore price rose on Monday underpinned by looming additional policy support to shore up the Chinese economy amid its battle to contain covid outbreaks.

US coal prices climb past $200 as global energy crunch boosts demand

Mining News Pro - US coal prices surged past $200 for the first time as a global energy crunch drives up demand for the dirtiest fossil fuel.

Copper price pressured by crumbling demand

Mining News Pro - The copper price was down on Monday despite expectations of weakening demand reinforced by manufacturing data from around the world, a strong dollar, and rising inventories in warehouses approved by the London Metal Exchange.

Aluminum price extends gains after record spike on Russia supply fears

Mining News Pro - Aluminum rose again after Thursday’s record surge, with the London Metal Exchange’s plan to discuss a potential ban on Russian metal exacerbating supply concerns while stimulus measures in China bolstered the demand outlook.

Aluminum price lowest since April 2021 on strong dollar and demand outlook

Mining News Pro - The aluminum price sank to the lowest since April 2021 on Wednesday as faltering global economic growth weakened the outlook for demand and boosted the dollar.

Iron ore price down as China’s covid

Mining News Pro - The iron ore price fell on Thursday pressured by worries over fresh covid-19 restrictions and property sector troubles in China squeezing demand for ferrous metals.

Copper price falls on demand worries in China

Mining News Pro - The copper price fell on Monday as worries about demand in China surfaced due to weak economic data and a firmer dollar.

Iron ore price falls as traders weigh demand prospects in China

Mining News Pro - The iron ore price fell on Friday as traders weighed demand prospects in China.

Copper price up as Chinese imports rise

Mining News Pro - The copper price rose on Wednesday as improving demand prospects due to stronger than expected data from the United States and China were reinforced by a lower dollar.

Iron ore price rises on improved China steel margins

Mining News Pro - Iron ore prices rose on Monday, extending their gains as improved steelmakers’ margins in China encouraged mills to gradually restart idled blast furnaces and boost imports of the steelmaking ingredient.

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khuzestan steel
chadormalu Co.
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sangan steel
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