Commodity Exchange

Mining News Pro - First Quantum Minerals shares were up 17% on Thursday after Pangaea Investment Management, a firm backed by Chinese state-owned Jiangxi Copper upped its stake in the Canadian miner.

Mining News Pro - Australia’s earnings from mining and energy exports are projected to peak by the middle of next-year, though weaker raw materials prices and waning demand have trimmed the forecast high, according to the Department of Industry, Innovation and Science.

Mining News Pro - The price of copper dropped on Monday amid intensifying worries about China’s economic slowdown, particularly in manufacturing, vital to overall demand for the bellwether metal.

Mining News Pro - Glencore Inc’s (GLEN.L) penchant for risk has long been mining industry lore, but the company is quickly expanding into a part of the world that would have been improbable just a few years ago: Minnesota.

Mining News Pro - Commodities trader Trafigura Group Ltd. used its influence at Nyrstar NV, one of the world’s biggest zinc refiners, to undermine the company and unfairly enrich itself, a group of Nyrstar shareholders has alleged.

Mining News Pro - Copper fell to the lowest since 2017 as investors faced fresh evidence of a global slowdown and fading prospects for a deescalation in the US-China trade war.

Mining News Pro - Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US-China trade war, and the prospects of a return to ultra-loose monetary policy by the Fed.

Mining News Pro - Gold’s faring extremely well as a haven asset, with inflows into exchange-traded funds hitting 1,000 tons since holdings bottomed in early 2016 after a prolonged unwind in the wake of the global financial crisis.

Mining News Pro -The price of copper came under pressure again on Thursday amid worries about a global economic slowdown, particularly in manufacturing, vital to overall demand for the bellwether metal.

Mining News Pro - The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021.

Mining News Pro - The incoming chief executive of Chile’s state copper miner Codelco said he was “optimistic” about the long-term market price of copper despite the global volatility caused by the U.S.-China trade war.

Mining News Pro - Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month.

Mining News Pro - Continental Gold Inc. (TSX:CNL) today released a series of photos showing construction advancements at its flagship Buriticá project in northwestern Antioquia, Colombia. The project remains on schedule for construction completion and first gold pour in H1 2020, says the company.

Mining News Pro - For the past year, copper traded like a seesaw on the on-again, off-again hopes of a U.S. and China trade deal. Now it’s more like a rollercoaster ride down.

Mining News Pro - Spot gold fell as traders viewed comments from Federal Reserve Chairman Jerome Powell as signaling the central bank likely won’t be aggressive in lowering U.S. interest rates further.

Mining News Pro - Cuda Oil and Gas Inc. (TSXV: CUDA) announced today it has entered into a series of binding agreements to sell all of its oil and gas assets located in Quebec for a total of C$10.59 million, with C$4.29 million being paid in cash, to arm’s-length purchasers.

Mining News Pro - Canadian gold miner Agnico Eagle Mines Ltd reported a better-than-expected adjusted profit for a fourth straight quarter on Wednesday, largely due to higher realized gold prices.

Mining News Pro - After hitting six-year highs overnight, gold fell back in busy Friday morning dealings as investors indulged in profit-taking ahead of the weekend.

Mining News Pro - One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world’s biggest importer of natural resources. The problem is the numbers tell a somewhat different story.

Mining News Pro - First, iron ore hit $100 a ton, then it raced straight to $110, and now spot prices are well north of $120: the commodity’s rally has been so strong it’s triggering warnings that the gains have taken the market beyond fundamental drivers and prices are likely set for a pullback. Futures tanked.

In Picture

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