Sibanye falls to $2 billion loss, weighs capital raise if metal prices worsen
Sibanye Stillwater on Tuesday reported a $2 billion annual loss and scrapped its final dividend, hurt by a slump in platinum group metal (PGM) prices that is forcing South African mining companies to restructure and cut jobs.
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Grupo Mexico profit down 19% on sliding metal prices
Mining and transport conglomerate Grupo Mexico on Friday reported that its net profit for the last three months of 2023 fell 19% from a year earlier to $757.4 million, dragged down by lower prices for key metals including copper.
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Vedanta posts 41% slump in Q1 profit on soft metal prices
Mining News Pro - Indian metals-to-oil conglomerate Vedanta reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminum.
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Shrinking stocks likely mean more LME metal price volatility
Mining News Pro - Dwindling stocks in London Metal Exchange registered warehouses mean wild price swings for metals such as copper, tin, and zinc are likely to be a feature of the market for some time.
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Analysts adjust higher metal price assumptions on Russia-Ukraine conflict
Mining News Pro - Several analysts have adjusted higher their metal price assumptions for 2022 as the February Russian invasion of Ukraine drags on, wreaking havoc on global metals and mineral supply chains.
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With eye on metal prices, US cautious on possible sanctions of Usmanov companies
Mining News Pro - The United States and its allies will look for ways to impose sanctions on companies under Russian metals and telecoms tycoon Alisher Usmanov’s control without raising the price of commodities, a U.S. Treasury Department spokesperson told Reuters on Tuesday.
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Metal Prices Continue to fall in January
Mining News Pro - January has reach to the end and it seems that all metal markets are suffering from decreases so the markets has been hit after the holidays and experts think next month will be better.
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High metal prices, covid-19 increase miners’ exposure to cyberattacks
Mining News Pro - As metal prices are hovering around all-time highs and mining companies are enjoying some of their best years with exceptional margins – a resilience that is expected to continue through 2021 – Fitch Solutions Country Risk & Industry Research published a report highlighting how this scenario increases the importance of cybersecurity defence in the mining industry.
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Skyrocketing metal prices threaten to hinder EV affordability
Mining News Pro - A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption.
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Saudi Arabia of cobalt: Congo eyes battery-metal price power
Mining News Pro - Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions.
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Vale bullish on metal prices, seeks to accelerate copper projects
Mining News Pro - Executives at Brazil`s Vale, the world`s second largest iron-ore producer, said premiums for the commodity were at a "unique moment" and that they were also confident regarding the trajectory of copper in 2021.
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M&A and strong metal prices in the year ahead
Mining News Pro - With rising covid-19 infections, a new and more infectious variant of the virus, and a vaccination rollout slower than most would like, along with the sickening scenes from Washington, D.C. on January 6 that saw mobs inspired by U.S. President Donald Trump’s words launch an attack on Capitol Hill, it’s important to try to stay at least a little bit positive as the new year begins.
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Yellow metal prices continue golden run during pandemic
Mining News Pro - US gold prices have the potential to rise as high as $US3000 ($4166) per ounce, according to Edison Group analyst Charles Gibson.
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Minerals and Metal Prices, How Was the Trend Last Week?
Mining News Pro - China’s market is currently in holidays and Coronavirus has caused a decrease in global metal demands.
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Sprott invests in Palladium One as metal price hits record high
Mining News Pro - Palladium One Mining announced Tuesday that it will undertake a private placement offering to raise up to C$3.2 million, which will be used for exploration activities on its palladium-dominant LK project in central Finland and its Tyko sulphide nickel project in Ontario, Canada.
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AngloGold says strong metal prices not helping planned assets sale
Mining News Pro - South Africa’s AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world’s third-biggest producer of the precious metal, said the recent surge in bullion prices has not made it easier for the company to sell the mines it has put up for sale.
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Metal prices, financing, exploration and assays are all up
Mining News - Miners are responding to a rosier metal outlook by increasing spending on exploration and releasing more assay results.
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Visit: 1049