Iron ore makes unruly retreat to more normal price levels

Mining News Pro - Just as iron ore’s surge to a record high in May was an overblown rally, its plunge last week was a disorderly retreat, with neither move fully justified by the fundamentals of supply and demand.

Mining stocks carnage as iron ore, copper prices fall

Mining News Pro - Iron ore extended its slump below $100 a tonne and copper prices dropped in New York on Monday as China stepped up restrictions on industrial activity and fears about the collapse of the country’s largest property developer intensified.

Anglo increasingly focused on future-enabling decarbonising metals

Mining News Pro - The portfolio and growth investments of diversified mining company Anglo American are increasingly focused on future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life.

Global metals trading impetus shifting from east to west

Mining News Pro - The remarkable one-year rally in base metal prices has been primarily driven by China’s rapid covid-19 recovery.

Iron ore price up despite high China ferrous scrap imports

Mining News Pro - Iron ore prices continued surging on Monday, propelled by recovering global steel demand.

Gold price on track for third straight weekly gain

Mining News Pro - Gold prices are poised for a third weekly advance as fears that coronavirus variants may endanger the global economic recovery caused investors to opt for havens.

Centerra says shareholder conspired to ‘wrongfully expropriate’ Kumtor

Mining News Pro - Canadian miner Centerra Gold has brought additional claims against the government of Kyrgyzstan in its binding arbitration over the “wrongful expropriation” of its Kumtor gold mine.

Critical metals developer NioCorp stock jumps over 20%

Mining News Pro - Shares of NioCorp Developments Ltd. (TSX: NB) soared by as much as 26.9% during Tuesday’s trading session on nearly eight times the stock’s daily average volume. By noon ET, the stock was trading at C$1.74 a share on the TSX, for a gain of 20.0%.

Copper, gold price bulls nurse their wounds but fight’s not over yet

Mining News Pro - The commodities boom has taken a knock this month, and while there are many reasons to still bet on a so-called supercyle, it’s unlikely to be plain sailing.

Copper could be anchored by aluminium alternative

Mining News Pro - Wood Mackenzie analysis has suggested long-term copper price increases are likely to face serious competition from aluminium.

Copper resumes gains as supply risks, China demand buoy outlook

Mining News Pro - Copper rebounded after its first weekly loss in six on concerns about disruptions to supply in Chile and as Chinese demand showed signs of picking up.

Antipa completes A$22m institutional placement

Mining News Pro - Antipa Minerals has raised an initial A$22-million through the completion of its institutional share placement.

Hammer taps capital markets

Junior Hammer Metals will raise A$5-million in a share placement to existing, as well as sophisticated and institutional investors.

RTG stock jumps on Philippines developments

Mining News Pro - The share price of RTG Mining surged in Canada on Friday, after Philippine President Rodrigo Duterte lifted a nine-year moratorium on new mineral agreements, reopening the door to investments.

Gold price rebounds on US inflation data

Mining News Pro - Gold prices rebounded on Tuesday from their lowest levels in more than a week after new data showing a sharp rise in US inflation bolstered bullion’s appeal as an inflation hedge and weighed on the dollar.

Copper smelter terms at rock bottom as mine squeeze hits

Mining News Pro - Copper’s turbo-charged rally has stalled over the last few weeks as funds have taken profits and physical buyers have refused to chase prices higher.

Wheaton Precious Metals hikes dividend

Mining News Pro - Despite the Covid-19 pandemic, metals streaming company Wheaton Precious Metals had a productive 2020, delivering value back to its stakeholders, president and CEO Randy Smallwood reported on Thursday, announcing record yearly revenue and operating cash flow.

Rock and heavy metal: winners emerge in energy transition

Mining News Pro - Investors in metals and mineral extraction are poised to see their fortunes grow as the race to cut carbon emissions requires massive investment in commodities other than oil and gas.

Higher prices drive Rio`s profits

Mining News Pro - Major Rio Tinto has reported increased revenues and profits for the full 2020, driven by strong commodity prices.

Firefinch floats Goulamina lithium spin-off

Mining News Pro - Firefinch on Tuesday announced plans to demerge its Goulamina lithium project, in Mali, into a separate lithium-focused company which would list on the Australian bourse.

Silver prices rally for a second day on Reddit frenzy

Mining News Pro - Silver jumped for a second day on Friday after a call by Reddit posters to create a short squeeze sparked sharp moves Thursday.

Silver price is latest market hit by Reddit day-trader frenzy

Mining News Pro - Reddit investors have discovered silver, with everything from silver miners, silver ETFs and the actual price of the physical metal itself soaring on Thursday.

Cobalt price rally lifts EV Metal Index to fresh record high

Mining News Pro - Month on month price and deployment data (bar nickel) for the raw materials all improved in November, boosted by the overall increase in EV sales (including hybrids) during the month, 73% year over year and the relative outperformance of full electric cars and plug-in hybrids.

Gold among 2020`s best-performing assets

Mining News Pro - Gold-backed exchange-traded funds (ETFs) and similar products had what the World Gold Council (WGC) called “a remarkable year” in 2020, as gold ETFs had recorded yearly net inflows of $47.9-billion, or 877 t, collectively increasing gold holdings by over a third and reaching all-time highs in tonnage (3 752 t).

Copper price hits new high as covid cases sweep South America

Mining News Pro - Copper prices continued their momentum from the second half of 2020 as the second wave of coronavirus infections intensifies in South America, the world’s top copper-producing region.

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