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.

Currency markets wobble after Credit Suisse deal as Fed remains acid test

Mining News Pro - Currency markets fluctuated amid thin volumes after Switzerland brokered a rescue of Credit Suisse Group AG, with traders weighing the deal’s impact on the Federal Reserve’s monetary-tightening path.

China didn’t drive commodity markets in 2022

Mining News Pro - China’s commodity trade data for 2022 shows that prices and volumes weren’t driven by the world’s biggest buyer of natural resources. The question now is whether 2023 will see China reassert its dominance as the main driver of commodity markets.

Continuation of pressures on China's nickel sulfate

Weakening demand continues to add pressure to Chinese nickel sulfate, MHP markets

Mining News Pro - Nickel sulfate prices in China fell again in the week to December 9 due to continuing production cuts by downstream sectors, market sources told Fastmarkets.

Volatility storm adds to pain for Chile’s battered markets

Mining News Pro - The last few months of white-knuckle trading in Chilean assets, on a par with the most unstable of its emerging-market peers, is erasing the final traces of the country’s reputation as the most stable of Latin America.

Goldman analysts say markets yet to grasp full impact of Inflation Reduction Act

Mining News Pro - ESG investors are missing an array of opportunities created by President Joe Biden’s climate bill, according to analysts at Goldman Sachs Group Inc.

Commodity markets are contending with a growing liquidity crisis

Mining News Pro - Commodity markets are struggling to shake their months-long liquidity crisis that’s brought an era of erratic swings in the value of the world’s raw materials.

Global cobalt markets to be in surplus in 2022

Mining News Pro - The global markets of nickel, lithium and cobalt – three of the key metals used in electric vehicle batteries – are expected to be in surplus in 2022, an analyst with Chinese state-backed research house Antaike said.

Gol Gohar strives to increase its commercial share of domestic and global markets

Mining News Pro - GolGohar Mining Company produces 30 percent of raw materials of Iran’s steel industry and has some projects on the other hand.

Metals traders ‘self sanction’ key Russian palladium, disrupting markets

Mining News Pro - A reluctance by precious-metals traders to handle Russian-produced palladium is creating an unusual and persistent dislocation between the world’s two main markets.

War sparks Wall Street’s rush to commodity-rich emerging markets

Mining News Pro - As the worst quarter for emerging-market dollar bonds in 24 years comes to an end, a deep divide is opening up between commodity haves and have-nots, with investors focusing their hopes on exporters in the Middle East and Latin America.

Markets must adapt to lack of Russian, Ukrainian commodities

Mining News Pro - Global commodity markets will need to adapt to a lack of supply from Russia and Ukraine, global miner and commodities trader Glencore said in its annual report on Wednesday.

Russia’s Ukraine invasion to fuel reorientation of commodity markets

Mining News Pro - Russia’s invasion of Ukraine, already pushing up prices for an array of commodities rapidly higher since it began on Feb. 24 – including adding a record 250% to the price of nickel over the past two days – will have longer-lasting structural effects on metals and mining markets and supply, said BMO Metals and Mining in a report released on Monday.

China’s renewables boom year poses major challenges to western markets

Mining News Pro - China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie, a Verisk business.

Copper price rises as markets assess omicron variant impact

Mining News Pro - The copper price rose on Monday, recouping some of last week’s losses fuelled by the newly identified coronavirus variant, with markets trying to gauge its severity and its possible impact on economic recovery.

Stocks set for steady start ahead of China data: markets wrap

Mining News Pro - Asian stocks looked set for a steady open Monday as traders await key Chinese economic data and monitor bond-market volatility triggered by high inflation and the prospect of tighter monetary policy.

Wild markets gatecrash London Metal Exchange Week party

Mining News Pro - This year’s London Metal Exchange (LME) Week was a subdued affair by comparison with past excess.

PPC Lime’s new owners to focus on developing markets, community wellbeing

Mining News Pro - The new owner of PPC Lime, Kgatelopele Lime, will focus on developing new markets for its product and expanding its customer base.

Investors are stewarding gradual move to decarbonisation in emerging markets

Mining News Pro - Investment manager Old Mutual Investment Group responsible investment head Jon Duncan tells Mining Weekly that, while the mining industry cannot ignore the global climate change context, which in part is driving international divestment from the likes of coal miners Exxaro and Anglo American, the reality is that, locally, the decarbonisation debate is more nuanced and needs to consider the social challenges that threaten South Africa as a whole.

Hammer taps capital markets

Junior Hammer Metals will raise A$5-million in a share placement to existing, as well as sophisticated and institutional investors.

Tungsten producers may have to look at new markets

Mining News Pro - A new report by Roskill states that the possible uptake of electric vehicles over internal combustion engines may mean tungsten prices and consumption in the automotive sector never recover to 2017 levels.

Australia urged to expand mining export markets

Mining News Pro - Australia’s mining industry is being encouraged to diversify its export markets beyond key commodities such as iron ore and gold.

Exxaro output, sales for the year on par with last year despite dampened markets

Mining News Pro - In a pre-close update provided on December 3, JSE-listed diversified miner Exxaro Resources said the easing of Covid-19 lockdowns around the world in the latter part of the year had helped to increase coal offtake volumes in both the domestic and international markets.

BlackRock’s Fink ‘bearish’ on emerging markets

Mining News Pro - BlackRock CEO Larry Fink said that he believes emerging markets are on a downward slide as he sees strong macro trends weighing on the asset class.

Metal markets caught out by strength of Chinese stimulus

Mining News Pro - London copper hit a two-year high of $6,707 per tonne on Wednesday, extending its super-charged rally from the March lows of $4,371.

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