Commodity Exchange

Mining News Pro - Iron ore prices hit fresh six-and-a-half year highs on Monday on the back of a Chinese construction and factory expansion boom.

Mining News Pro - Mining has started at the Western Strandline mineral sands project, adjacent to the existing Tormin mining operations, in South Africa’s Western Cape.

Mining News Pro - Yamana Gold expects to begin trading on the main market of the LSE before the release of its third-quarter results next month and says it is making good progress with exploration.

Mining News Pro - Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684 million due to a 31% increase in gold prices.

Mining News Pro - The ferrochrome producer Merafe says its results for the first half of the year were impacted not only by Covid-19 but an already fragile operating environment.

Mining News Pro - Last month Iran’s ministry of industry, mine and trade released an instruction which made the Iranian steelmakers to tender their products in the exchange market.

Mining News Pro - Metals miner Independence Group has struck an agreement with junior Boadicea Resources for the conditional sale of nine Fraser Range tenements at a potential sales price of A$57-million plus royalties.

Mining News Pro - The silver miners’ stocks have had a roller-coaster ride of a year, getting sucked into March’s stock panic before skyrocketing out in a massive upleg. While much-higher prevailing silver prices radically improve silver-stock fundamentals, Q2’s national economic lockdowns to fight COVID-19 wreaked havoc on this sector. The silver miners’ latest quarterly results recently released revealed unprecedented challenges.

Mining News Pro - BHP chief executive Mike Henry has outlined the company’s goal to grow its future-facing commodity assets, including copper, nickel and potash over the coming year.

Mining News Pro - The price of nickel held onto nine-month highs on Tuesday as focus in the industry shifts to supply of the metal for the burgeoning electric vehicle market, and mine production declines hit double digits.

Mining News Pro - Gold recovered from the 3% loss recorded last session as US employment data took a turn for the worse with unemployment claims unexpectedly topping one million again, while the Federal Reserve minutes reiterated concerns over economic recovery.

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.

Mining News Pro - Gold miners in Canada keen to tap new investors are eyeing secondary listings in London and New York, underscoring pent-up demand for the precious metal from generalist funds.

Mining News Pro - South32 is prepared for an extended wave of market volatility and lower commodity prices following a financial year of strong performance.

Mining News Pro - Global iron-ore production will grow modestly over the years amid mine expansions in Brazil and increasing output from India, says financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions).

Mining News Pro - Dumping bank shares and investing in a gold miner? It certainly doesn’t sound like a Warren Buffett move, but that’s exactly what the investing guru’s company did in the second quarter, according to a regulatory disclosure Friday. It’s not a good sign for markets.

Mining News Pro - Commodity price volatility brought about by the onset of the Covid-19 pandemic has seen mining major BHP’s profits fall for the full year ended June; however, the miner remained upbeat about future outlook.

Mining News Pro - Rapidly rising stainless steel production in top consumer China has helped to preserve demand and prices of key ingredient nickel, but analysts still expect a supply overhang of the metal valued for its anti-corrosive properties.

Mining News Pro - Copper futures prices rebounded sharply on Monday on the back of a surge in Chinese imports of the metal widely used in industry and construction.

Mining News Pro - Copper prices have rebounded this week as Chinese demand for the metal reached record levels during July.

In Picture