Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Visit: 51
Lithium market struggles to recover after epic boom and bust
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was followed by an even more breathtaking collapse: a fast-expanding industry that is more prepared than ever to keep pumping out supplies.
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Visit: 56
Supply of 8.7 million tons of Mobarakeh steel products to the market
Mining News Pro - The CEO of Mobarakeh Steel announced that all the organization's goals were achieved in 1402 despite all the restrictions in the fields of electricity, gas and raw materials and said: If we consider the amount of product delivery to the domestic and export markets as the final performance of the company's ambitious employees, we must announce Since the beginning of 1402, 8.7 million tons of products have been transported to the target markets in the total domestic and export market, while fulfilling the planned goals, which has grown by 6% compared to last year.
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Visit: 67
Lithium trading hits record on CME as funds seize budding market
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds crowding into the budding market as prices of the battery metal falter.
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Visit: 57
Gold price flirts with new highs with market leaning towards June rate cut
Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of a US Federal Reserve interest rate cut this June.
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Visit: 122
Australia’s lithium producers see signs market is stabilizing
Pilbara Minerals said on Thursday it saw signs the lithium market was stabilizing as Australia’s top producers reported a slump in earnings and took steps to ride out slowing demand for the raw material of electric vehicle batteries.
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Visit: 108
Khuzestan Steel is the leader in Iran's steel market supply
Mining News Pro - In the first 10 months of this year, Khuzestan Steel Company has been the largest supplier of steel ingots and takthal in the domestic market, with a significant gap compared to other steel manufacturers, and has the highest volume of intermediate steel transactions in the inner ring of the commodity exchange.
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Visit: 40
Copper market a ‘powder keg’ ready to explode, says Friedland
The physical market for copper is “very, very tight and now in deficit”, and with the Federal Reserve rate cut on the horizon, the metal is set to explode this year, said Robert Friedland in an interview with Bloomberg this week.
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Visit: 218
Gold price heads for yearly gain as market eyes rate cuts in 2024
Mining News Pro - Gold headed for its first annual gain in three years as investors doubled down on bets that the Federal Reserve will start to unwind its restrictive monetary policy stance in 2024.
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Visit: 74
Gold heads for yearly gain as market eyes rate cuts in 2024
Mining News Pro - Gold headed for its first annual gain in three years as investors doubled down on bets that the Federal Reserve will start to unwind its restrictive monetary policy stance in 2024.
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Visit: 76
Aurubis CEO says he expects strong copper market to continue in 2024
Mining News Pro - A strong copper market with firm demand for copper products is expected to continue in 2024, the CEO of Aurubis AG, Europe’s biggest copper producer, said on Wednesday.
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Visit: 81
China to tighten oversight on iron ore market after price rally
Mining News Pro - China’s state planner said on Thursday that it would closely monitor changes in the iron ore market and further tighten supervision of spot and futures trading in its latest effort to curb a rally in the price of the key steelmaking ingredient.
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Visit: 95
Base metal markets across LME are showing signs of surplus
Mining News Pro - Every major market on the London Metal Exchange is showing signs of ample supply, as slowing economic growth undercuts demand.
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Visit: 116
Rage against copper producer roils markets, Panama government
Mining News Pro - Panama’s ratification of a deal with a copper miner last month should have been a formality. Instead, it triggered nationwide protests that paralyzed the economy, destabilized the government and led to a nationwide ban on new mines.
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Visit: 95
Rage against copper producer roils markets, Panama government
Mining News Pro - Panama’s ratification of a deal with a copper miner last month should have been a formality. Instead, it triggered nationwide protests that paralyzed the economy, destabilized the government and led to a nationwide ban on new mines.
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Visit: 86
HSBC takes stab at using blockchain to modernize London’s antiquated gold market
Mining News Pro - One of the world’s top bullion banks is bringing blockchain to the antiquated London gold market.
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Visit: 170
Zinc market shifts to oversupply but where’s the metal?
Mining News Pro - Zinc has been the second weakest performer among the London Metal Exchange (LME) base metals pack so far this year.
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Visit: 117
Global markets brace for more volatility amid Israel conflict
Mining News Pro - Traders are preparing for another week of wild price swings as continuing conflict in the Middle East fuels demand for haven assets and prompts investors to reconsider their views on global interest rates.
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Visit: 120
Citi’s mega metals trade shows global markets turning to glut
Mining News Pro - Citigroup Inc. has been buying large volumes of physical aluminum and zinc on the London Metal Exchange, in a bold metal-financing trade that’s made it one of the biggest players in the market in recent months.
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Visit: 153
Glencore-backed zinc miner is getting crushed in the debt market
Mining News Pro - A Peruvian zinc miner has seen its bonds tumble to an all-time low as investors grow increasingly concerned about its ability to refinance maturing debt and Swiss commodities giant Glencore Plc looks to sell its controlling stake.
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Visit: 137
Platinum market faces record deficit
Mining News Pro - Platinum will register a 2.2% bigger supply deficit than previously expected for 2023 at a record 1 million troy ounces, driven by strong demand and flat supply, the World Platinum Investment Council (WPIC) said on Wednesday.
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Visit: 169
Market is mispricing impact of Biden’s Inflation Reduction Act
Mining News Pro - Analysts at Goldman Sachs Group Inc. say that a number of key green sectors remain meaningfully underpriced.
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Visit: 164
Metals traders are leaving hedge funds as markets disappoint
Mining News Pro - A series of metal traders are leaving hedge funds — including some fairly new hires — after the wild price swings that drew fresh money into the sector in recent years have evaporated, leaving markets drifting sideways.
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Visit: 276
The little known metals giant that rules a global market
Mining News Pro - When China’s Vital Materials Co. bought up a $600 million stockpile of obscure critical minerals in early 2020, it barely raised an eyebrow outside the niche world of minor metals.
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Visit: 157
Copper concentrate market to face steep deficit from 2025
Mining News Pro - The global copper concentrate market will see a steep deficit during 2025-2027 as Asian smelters ramped up capacity amid a lack of matching mining projects in the pipeline, analysts said.
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Visit: 116