Iron ore extends gain on easing China demand concern, Fed rate cut bets

Iron ore futures rose for a second straight session on Friday, underpinned by easing concerns over demand prospects in top consumer China and firming bets for a US Federal Reserve interest rate cut in September.

Iron ore price hits seven-week low on softening China steel demand, higher supply bets

Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week trough, pressured by faltering steel demand and expectations of higher shipments to top consumer China in June.

China’s unusually large copper stockpiles fuel demand concerns

China’s copper inventories are growing at exactly the time of year when they should be shrinking fast — an anomaly that underscores concerns about demand in the world’s biggest market.

Iron ore price tumbles to lowest in six weeks on China demand concerns

Iron ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis.

China’s silver imports set to jump as solar demand lifts prices

Chinese silver imports could surge in coming weeks, as traders take advantage of a jump in demand that’s taken prices well above the international market.

Iron ore price dips as falling China demand

Iron ore futures prices slid on Monday after some investors and traders liquidated long positions to cash in profits on bets of faltering consumption amid seasonally slack steel demand in top consumer China.

Copper’s record rise steadies as demand signals challenge bulls

Copper’s barnstorming run is showing signs of cooling, one day after reaching an all-time high, with investors cautioning its rally may have been running ahead of weak fundamentals for refined metal.

Copper price above $10,000 as supply worries counter faltering demand

Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.

Nutrien beats quarterly profit estimates on robust North America demand

Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.

Nutrien beats quarterly profit estimates on robust North America demand

Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.

Copper price slips as Chinese demand outlook comes into focus

Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand conditions in China.

Iron ore price set for 3rd weekly rise on China demand

Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with improving demand in top consumer China countering higher portside inventories.

Gold price tumbles as haven demand wanes amid easing war risks

Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.

Iron ore price edges higher on hopes of China’s demand recovery

Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market.

Iron ore hit by fresh selling as traders fret over China demand

Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese demand. Base metals also fell.

Iron ore price set for weekly gain on prospects of improving China demand

Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption.

China coal group says peak demand imminent as clean power grows

China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the nation’s top industry association.

Debswana diamond sales down 25.1% in 2023 on weak demand

Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the U.S. and China and competition from lab-grown gems increased.

Bearish demand expectations challenge iron ore’s price resilience

Iron ore prices, long resilient despite China’s gloomy economic outlook, have tumbled since the end of the Lunar New Year holiday, sparking concerns around faltering demand and denting mining stocks in top producer Australia.

Iron ore price slides as rising stocks, weak steel margins blur demand outlook

Iron ore futures prices slipped on Monday, as traders took a cautious stance after rising stocks and weak steel margins counteracted with hopes that demand will pick up in top consumer China following a week-long Lunar New Year holiday break.

Gold demand to hit record with central bank buying, WGC says

Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.

Plaintiffs demand 582m euros from TÜV Süd over Brazil dam burst

More than 1,400 plaintiffs are demanding over 582 million euros ($634 million) in damages from German industrial inspector TÜV Süd over its alleged role in the deadly collapse of a dam in Brazil, their lawyers said on Thursday.

Funds sell copper as weak demand trumps supply pressures

Funds are adopting an increasingly bearish stance in the copper market, preferring to focus on a globally weak demand picture rather than signs of supply-chain stress.

Iron ore price consolidates as traders ponder demand outlook

Iron ore futures were in a tight range on Monday, with the Dalian benchmark ticking up and Singapore prices receding, as investors pondered the demand outlook in the absence of an expected monetary easing in top consumer China.

Rio Tinto sees stimulus boost in China to drive gradual recovery for iron ore demand

Rio Tinto Group, the world’s top iron ore exporter, sees increased stimulus measures in China driving the broader economy into a gradual recovery this year.

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