Metals rout deepens as China lockdowns add to growth fears
Mining News Pro - Base metals slumped, with copper falling further after capping its fifth consecutive monthly loss — the longest downward streak since the 2008 financial crisis — after China’s lockdown of megacity Chengdu added to demand woes.
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Iron ore price down on new China lockdown worries
Mining News Pro - The iron ore price fell on Friday on renewed concerns over demand in China, where fresh covid-19 alerts threaten to derail the economy’s reopening and steel margins have come under pressure.
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Copper price slips after new China lockdowns
Mining News Pro - The copper price slipped on Thursday after parts of Shanghai began imposing new covid lockdown restrictions.
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China electric car sales rose in May as lockdowns start to ebb
Mining News Pro - China’s legion of electric carmakers appears to be shaking off the worst of the nation’s lockdown-induced supply chain snarls and parts shortages, with at least four selling over 10,000 vehicles last month.
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Chinese lockdowns dragging aluminum prices down, no respite before H2
Mining News Pro - In its latest industry report, market analyst Fitch Solutions maintains its 2022 and 2023 aluminium price forecasts of $3,000/tonne and $2,800/tonne, after impressive rallies in Q122, but notes strong downside risks as strict Chinese lockdowns pose a strong threat to demand for the metal in 2022.
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Copper price near 8-month low on tightening lockdowns in China
Mining News Pro - Copper prices fell to their lowest in almost eight months on Monday, as tightening lockdowns in China stoked worries about demand, with a stronger dollar further weighing on the market.
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Oil drops as China lockdowns overshadow Russian output risk
Mining News Pro - Oil fell as lockdowns across China countered looming European Union measures to limit purchases of Russian fuel.
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China’s spreading lockdowns keeping metals supply chains snarled
Mining News Pro - China’s virus lockdowns are spreading to other parts of the country, keeping metals supply chains snarled and demand subdued even as the situation in Shanghai seems to be improving.
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Iron ore price extends rally on China post-lockdown demand expectations
Mining News Pro - Iron ore prices rose on Wednesday as markets expect robust restocking demand in China when covid-19 restrictions are lifted.
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FIFO workers not exempt from Perth lockdown
Mining News Pro - A ‘stay where you are’ order has been issued by Western Australian Premier Mark McGowan, as the state enforced a snap four-day lockdown to combat multiple COVID-19 outbreaks across Australia.
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Tanami COVID cluster grows as Darwin lockdown is extended
Mining News Pro - The COVID-19 cluster from Newmont Corporation’s Tanami gold mine in the Northern Territory has increased to seven active cases as Darwin entered its second day of lockdown.
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Tanami COVID-19 outbreak prompts mass FIFO lockdown
Mining News Pro - The Northern Territory Government has put all mine workers who travelled to Alice Springs and Darwin into isolation following a COVID-19 outbreak at Newmont Corporation’s Tanami gold mine.
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WA lockdown disrupts Perth FIFO workers
Mining News Pro - Fly-in, fly-out (FIFO) workers in Western Australia have been impacted by the state government’s decision to impose a snap five-day lockdown on three regions last night.
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Gem Diamonds to keep Letšeng running amid Lesotho lockdown
Mining News Pro - Africa-focused Gem Diamonds said on Wednesday its iconic Letšeng mine in Lesotho will remain fully operational during a 14-day lockdown that comes into effect from midnight on Thursday.
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SA halts FIFO work under COVID-19 lockdown
Mining News Pro - South Australia has confirmed that mining employees considered as essential workers will be exempt from the state’s six-day lockdown.
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Hochschild sees lower output on lockdowns in Peru, Argentina
Mining News Pro - Precious metals miner Hochschild Mining said on Monday it expects lower annual production than forecast earlier this year as covid-19-related disruptions hampered mining activity at its assets in Peru and Argentina.
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South Africa`s diamond polishers look to lockdown lovers to add shine
Mining News Pro - South Africa`s diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump.
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Platinum jewellery becoming more attractive as Covid-19 lockdowns ease
Mining News Pro - As manufacturers report greater demand volumes and retailers having confirmed a steady increase in business in April and May, platinum marketing organisation the Platinum Guild International (PGI) reports that the Chinese jewellery industry is in the beginning stages of a V-shaped recovery following disruptions brought about by the Covid-19 pandemic.
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LME to examine floor reopening after easing of UK lockdown
Mining News Pro - The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months.
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Congo mining provinces impose new Covid-19 lockdowns
Mining News Pro - Authorities in Democratic Republic of Congo`s southeastern mining heartland announced temporary lockdowns on Tuesday in an effort to widen coronavirus testing and prevent a worrying situation from worsening, governors said.
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A massive labor migration is starting in post-lockdown Africa
Mining News Pro - South Africa’s gold and platinum miners are racing to bring back thousands of skilled migrant workers who are crucial to ramping up output following the easing of the nation’s coronavirus lockdown.
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Covid-19 workplace protocols must become ‘second nature’ for any further lockdown easing
Mining News Pro - Organised business has called for domestic firms to take steps to ensure that their workplaces are Covid-19-ready in light of President Cyril Ramaphosa’s May 24 announcement that the country would transition from lockdown Level 4 to Level 3 from June 1, a move that will result in many more South Africans returning to work.
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SteelMint Webinars (6)
Status of stainless steel sector post lockdown and way forward
Mining News Pro - The Sixth webinar of SteelMint is about stainless steel sector during coronavirus pandemic.
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Platinum giant says lockdown in South Africa risks killing mines
Mining News Pro - President Cyril Ramaphosa must allow South Africa’s mines to run at full capacity as a national coronavirus lockdown risks crippling the industry, according to Sibanye Stillwater Ltd.
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HSBC reveals it was caught out as lockdowns snarled gold market
Mining News Pro - HSBC Holdings Plc, one of the largest players in the gold market, was caught out in March as lockdowns disrupted physical shipments of bullion and caused prices to diverge dramatically in key trading hubs.
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