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.
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Visit: 33
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.
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Visit: 98
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.
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Visit: 98
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.
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Visit: 66
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.
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Visit: 79
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.
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Visit: 113
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.
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Visit: 82
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.
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Visit: 67
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.
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Visit: 111
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.
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Visit: 152
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.
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Visit: 85
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.
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Visit: 91
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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Visit: 93
China’s 2023 iron ore imports hit a record high on rising demand
China’s iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected steel exports.
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Visit: 219
Dalian iron ore soars on stimulus anticipation, strong demand outlook
Mining News Pro - Iron ore futures rose on Tuesday, driven by hopes of economic stimulus measures aimed at bolstering the Chinese economy and anticipation of robust demand.
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Visit: 96
China’s copper premium spikes on demand from renewables industry
Mining News Pro - China’s copper market is tightening with premiums over exchange prices spiking as better-than-expected demand from electric vehicles, solar panels and the power industry draws down inventories.
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Visit: 112
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.
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Visit: 140
SQM sells green bond to feed EV battery demand
Mining News Pro - SQM, the world’s second-largest lithium supplier, tapped the US investment-grade bond market as it looks to feed growing demand for rechargeable batteries used in electric vehicles.
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Visit: 173
Gold price slump may boost demand from India’s festive shoppers
Mining News Pro - A slump in gold prices to a seven-month low in India may stimulate demand in the current festive season, when people traditionally buy more coins and ornaments.
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Visit: 149
Slumping lithium prices signal angst over China’s demand outlook
Mining News Pro - Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.
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Visit: 145
Silver price to benefit from solar sector demand once rates peak
Mining News Pro - Robust demand from the solar industry and limited supply growth from mines will buoy silver prices once the period of higher global interest rates is over, analysts said.
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Visit: 160
LME copper stocks rise to two-year high as demand falters
Mining News Pro - Copper stockpiles immediately available to withdraw from the world’s top metals bourse hit the highest in almost two years, adding to evidence of flagging demand.
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Visit: 205
Lithium players race for breakthrough to meet electric car demand
Mining News Pro - On the outskirts of El Dorado — heart of Arkansas’ 1920s oil boom — a company backed by Koch Industries Inc. is looking to dramatically speed up extraction of a battery metal essential to weaning the world off fossil fuels, while proving naysayers wrong in the process.
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Visit: 167
Australia sees strong demand for critical minerals over next 40 years
Mining News Pro - Australia’s economy is well-placed to benefit from strong demand for critical minerals with the global appetite expected to rise by 350% by 2040, official forecasts showed on Wednesday, as many big economies rush to hit net zero emission targets by 2050.
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Visit: 161
Miners face ‘considerable challenges’ meeting demand from US climate law -study
Mining News Pro - The mining industry faces “considerable challenges” meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a US climate law, S&P Global said in a report on Tuesday, ahead of the legislation’s one-year anniversary.
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Visit: 187