‘Evenly balanced’ risks means lower commodity prices, but robust volumes
Mining News Pro - The heat is coming out of global commodity prices and the risks to the outlook are “evenly balanced”.
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Visit: 161
Glencore half-year profit drops 50% as commodity prices ease
Mining News Pro - Glencore Plc reported a steep drop in first-half profit and slashed returns to its shareholders as disappointing Chinese demand weighs on commodity prices, while the volatility that its traders thrive on has eased dramatically since last year.
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Visit: 186
Goldman sees support for global commodity prices from mid-2023
Mining News Pro - Prices of commodities from oil to metals have been pummeled by a strong US dollar this year as the Federal Reserves hiked interest rates aggressively to curb inflation.
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Visit: 348
Sibanye-Stillwater posts record profit on upbeat commodity prices
South African miner Sibanye-Stillwater reported on Thursday a stronger profit and 20% increase in South African platinum group metals (PGM) production for 2021, buoyed by a surge in commodity prices.
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Visit: 639
South32 profit soars on recovery in commodity prices
Mining News Pro - Australian miner South32 Ltd posted a more than seven-fold rise in first-half underlying profit on Thursday that beat market estimates, helped by a broad recovery in prices for its metals.
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Visit: 559
Commodity prices boost Queensland economic outlook
Mining News Pro - Queensland’s coal exports have delivered an extra $2.9 billion in royalties to the state’s budget, according to its mid-financial year update.
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Visit: 1666
Sumitomo notches record profit on higher commodity prices, ups annual outlook
Mining News Pro - Sumitomo Corp reported a record net profit for April-September and lifted its annual forecast by 31%, as a surge in commodity prices and the resumption of nickel output at Madagascar led to a rapid earnings recovery momentum.
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Visit: 824
Copper price slides as China vows measures to ease commodity prices
Mining News Pro - The copper price fell on Tuesday after China declared it will keep its economic operations within a reasonable range over the next 18 months and take “comprehensive measures” to ease rising commodity prices.
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Visit: 326
Commodity prices create risk and opportunity
Mining News Pro - Commodity prices have emerged as the top risk facing the Australian resources industry, according to KPMG’s Australian Mining Risk Forecast 2021-22 report.
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Visit: 926
South32 braces for lower commodity prices
Mining News Pro - South32 is prepared for an extended wave of market volatility and lower commodity prices following a financial year of strong performance.
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Visit: 714
Transnet CEO expects subdued commodity prices to weigh on recovery from Covid
Mining News Pro - Transnet CEO Portia Derby warned on Wednesday that the recovery from the Covid-19 pandemic in South Africa and the rest of Africa was likely to be negatively affected by still-subdued commodity prices and the serious deterioration in public finances across the continent, which had resulted in surging debt and currency volatility.
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Visit: 653
Rio`s accounts hit by low commodity prices
Mining News Pro - Major Rio Tinto has announced a 20% fall in net earnings and a 28% decline in free cash flows for the six months ended June, compared with the previous corresponding period.
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Visit: 776
South32 profit plunges on weak commodity prices
Mining News Pro - Australian miner South32 Ltd on Thursday reported a 80% plunge in half-year underlying profit due to a temporary tax increase and lower prices across key commodities.
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Visit: 766