Commodity Exchange

Mining News Pro - The market gloom over the metals that will power the cars of the future is starting to lift.

Mining News Pro - Copper prices have continued their resurgence, finishing yesterday’s trading on the London Metal Exchange worth $US6112.50 ($8781) a tonne.

Mining News Pro - Despite current volatility, zinc prices have been forecast to climb in the coming months as COVID-19’s strain on the market eases.

Mining News Pro - Australia’s resources and energy export earnings are set to fall from record highs, but the outlook is “still relatively strong”, according to the Department of Industry, Science, Energy and Resources.

Mining News Pro - Iron ore prices have continued their upward trajectory, reaching more than $US103 ($150) per tonne and remaining above $US100 nearly every day since Vale flagged mine disruption risks.

Mining News Pro - Gold is on the cusp of challenging the hard-to-crack $1 800/oz mark, potentially opening the way for a move toward its record price, as a resurgence in coronavirus cases risks impeding the recovery of the global economy and fans demand for haven assets.

Mining News Pro - As stock markets roar back from the coronavirus-led rout, advisers to the world’s wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks’ cash splurge

Mining News Pro - The copper price has recovered strongly from its covid-19 collapse in March.

Mining News Pro - Coal markets had a bumpy ride last week as weaker prices across the energy complex saw falls in all major coal indices. More talk of regulating Australian imports into China helped push Chinese domestic prices higher again.

Mining News Pro - Chinese miner Zijin Mining Group plans to acquire a 50.1% equity interest in Tibet Julong Copper, a company with rights to two copper deposits in Tibet, for CNY3.88bn ($548m).

Mining News Pro - Gold’s reputation as a safe haven for investors in times of turmoil has held steady amid the coronavirus pandemic; despite plummeting jewellery sales, the price of the precious metal has skyrocketed to a seven-year high. But what do such turbulent times mean for miners? We investigate The gold market, like almost every other, has been shaken by the onslaught of Covid-19.

Mining News Pro - Copper has risen to a three-month high of $US5700 ($8193) per tonne this week in a sign the base metal is bouncing back from its COVID-19 slump.

Mining News Pro - Angola’s Mineral Resources and Petroleum Minister Dr Diamantino Pedro Azevedo has announced the country’s plans to develop industry-specific market infrastructure for improved diamond trade activity.

Mining News Pro - Iron ore prices stayed clear of double digits on Monday on shrinking stockpiles in China, responsible for more than 70% of the world’s seaborne iron ore trade, and persistent fears about supply from Brazil, the globe’s no.2 supplier.

Mining News Pro - Inventories of industrial metals are building up in factories, smelters and warehouses not linked to financial exchanges, giving a misleading picture of how the covid-19 outbreak is hitting the sector.

Mining News Pro - Esfahan Steel Company’s CEO mentioned that considering the coronavirus pandemic and problems caused by it like supplying iron ore, ESCO has hard situation to deal with but also ready for increasing the productions.

Mining News Pro - Iron ore surged past $100/t as supply woes in Brazil coincide with sustained, robust demand in top steel producer China.

Mining News Pro - “Have metal markets forgotten about corona?”

Mining News Pro - Australian commodities have continued to be on demand throughout April despite exports slipping from record-high levels in March.

Mining News Pro - Coal prices enjoyed a moderately volatile yet upbeat week, at least for API#4, although the RB1 discount widened a little. Rand strength also means that domestic prices are lower.

In Picture