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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Nickel turmoil is back as prices spike 15% again to hit limit
Mining News Pro - Nickel surged by the 15% exchange limit for a second day in London, putting the spotlight back on bearish position holders just two weeks since the market was roiled by an historic short squeeze.
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Chaarat Gold’s project in Kyrgyzstan hit by Centerra turmoil
Mining News Pro - Chaarat Gold Holdings (LON: CGH) unveiled on Wednesday financing and construction delays at its Tulkubash project in Kyrgyzstan due to increased investor uncertainty in the Central Asian country in the wake of Centerra Gold’s (TSX: CG) dispute over its seized mine.
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Nutrien eyes potash production boost amid turmoil in Russia
Mining News Pro - Nutrien Ltd, the world’s biggest potash miner, could boost production by up to 29% in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company’s interim CEO said.
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‘Very tight’ copper belies market turmoil, industry leader says
Mining News Pro - As investors weigh swirling macro-economic factors, market fundamentals for copper — a key metal in global construction and transportation — remain solid, according to an industry veteran.
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Gold watchers say don’t rule out US election turmoil yet
Mining News Pro - The stock market is riding high, taking Joe Biden’s widening lead in the polls as a sign to discount the odds of a contested election. But some investors say it’s too soon to count out turmoil just yet, and that gold is poised to benefit from the uncertainty.
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Zimbabwe diamond miner expects demand bounce after virus turmoil
Mining News Pro - Zimbabwe’s second-largest diamond miner sees demand picking up, after the coronavirus pandemic forced RioZim to halt sales in March amid slumping gem prices.
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CIBC lost $64 million in a day in gold market turmoil
Mining News Pro - Canadian Imperial Bank of Commerce (CIBC) took a mark-to-market trading loss of C$88.2 million ($64 million) in one day in March due mainly to volatility in the gold market, the bank said in its second-quarter earnings report on Thursday.
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With turmoil rampant, gold targets $1,300 as gloomy 2019 beckons
Mining News Pro - Gold is closing out 2018 with a flourish. Prices are poised for the biggest monthly gain in almost two years as concerns about next year’s economic outlook, volatility in global equities and a government shutdown in the U.S. spur demand for the metal as a haven.
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PRECIOUS-Gold prices hit 1-week high amid Brexit turmoil
Mining News Pro - Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union.
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Iran Steel Market Rocked by Forex Turmoil
Mining News Agency -The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis.
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Visit: 1019