Iron ore price weakens amid waning China stimulus hopes, high portside stocks
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.
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Chinese investors snap up copper, gold stocks to drive 10% gains
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing an uphill battle to cement a nascent rebound.
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Australian lithium stocks rally on speculation of China mine closure
Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.
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Iron ore price slides as rising stocks, weak steel margins blur demand outlook
Iron ore futures prices slipped on Monday, as traders took a cautious stance after rising stocks and weak steel margins counteracted with hopes that demand will pick up in top consumer China following a week-long Lunar New Year holiday break.
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Uranium stocks extend surge after Kazakh miner cuts output
Uranium miners extended a rally that’s made them the best-performing Australian stocks this year after the world’s biggest producer of the metal used to produce nuclear fuel cut its output target.
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AustralianSuper swoops on lithium stocks after price plunge
Australia’s largest pension fund plans to double its exposure to local lithium stocks over the next five years, after a price rout made producers of the key battery material more affordable.
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Hedge funds pile into uranium stocks set for ‘dramatic’ rise
Mining News Pro - Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains.
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China’s exports of refined lead feed LME stocks rebuild
Mining News Pro - China’s exports of refined lead hit a 15-month high in September with year-to-date shipments already exceeding last year’s total.
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Fertilizer stocks jump with Israel conflict stoking supply concerns
Mining News Pro - Fertilizer makers jumped after Hamas’ surprise attack on Israel raised concerns over how the conflict could impact global supplies of nutrients used to grow crucial food crops.
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High tin stocks reflect weak consumer electronics sector
Mining News Pro - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020.
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LME copper stocks rise to two-year high as demand falters
Mining News Pro - Copper stockpiles immediately available to withdraw from the world’s top metals bourse hit the highest in almost two years, adding to evidence of flagging demand.
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Historically low stocks behind spike in zinc price for delivery tomorrow
Mining News Pro - Prices of London Metal Exchange (LME) zinc for delivery tomorrow traded at a large premium on Monday over prices for the following day due to buying fuelled by nervousness about availability in the LME system as stocks hit historic lows.
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Friday feeding frenzy for mining stocks
Mining News Pro - On the London Metal Exchange, aluminium prices increased 2.3% to $2,317 a tonne, zinc jumped 4.6% to $2,845, lead was the laggard with a 0.6% gain to $2,007 while nickel climbed 3.1% to $23,500 and tin was up 2.1% at $18,130.
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Aluminum stocks jump as traders eye shift from shortage to glut
Mining News Pro - A jump in London Metal Exchange aluminum inventories is adding to mounting evidence of weakening demand for one of the world’s most important industrial metals, while some key buyers are trying to shun Russian supplies.
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Lithium stocks rout continues despite fresh hard rock price record
Mining News Pro - At the end of May, Goldman Sachs rattled lithium stocks after the investment bank declared the battery metals bull market “over for now”. Goldman called today’s lithium levels a “fundamental mispricing [that] has in turn generated an outsized supply response well ahead of the demand trend.”
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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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Copper stocks are building again, weighing on prices
Mining News Pro - After a brutal two weeks that saw the copper price at an 8-month low, the bellwether metal bounced on Friday, but a new report says headwinds will only get stronger over the rest of the year.
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Barrick ramps up mine stocks to weather supply chain storm
Mining News Pro - Barrick Gold Corp has nearly doubled its inventory of some key supplies at mines to weather the disruptions caused by Russia’s invasion of Ukraine, Chief Executive Mark Bristow told Reuters on Wednesday.
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Commodity stocks oust financials as Canadian market heavyweights
Mining News Pro - Canada’s resources sectors have overtaken financials as the heavyweights of its main equity index for the first time since August 2020 as oil and metal prices rally and global banks slump.
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Vanishing LME shadow stocks add to metals market turmoil
Mining News Pro - The total amount of registered metal in the London Metal Exchange’s (LME) global warehouse network fell below 1 million tonnes in March.
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Uranium mining stocks gain as US weighs sanctions on top Russian supplier
Mining News Pro - The Biden administration is considering imposing sanctions on Russia’s state-owned atomic energy company, Rosatom Corp., a major supplier of fuel and technology to power plants around the world, according to people familiar with the matter.
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Gold mining stocks set for revival, Agnico chairman says
Mining News Pro - Gold mining stocks that have lagged bullion gains over the past year are set to move higher as the industry steps up dividends and buybacks, according to Agnico Eagle Mines Ltd. Executive Chairman Sean Boyd.
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LME warehousers slash capacity as metal stocks drain away
Mining News Pro - Glencore’s decision to sell its warehousing and logistics business looks like a well-timed call on the metals storage market.
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Global stocks are down to three days’ consumption
Mining News Pro - October 2021’s copper squeeze sent the bellwether metal into record territory – now warehouses again only have enough metal to last a long weekend.
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New LME stocks squeeze is creeping up on Doctor Copper
Mining News Pro - The copper market has been subdued since the start of the year, the price trapped in a tight trading range with volumes and open interest sliding across all three global exchanges.
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