Wealth shock delays gold bull market as Goldman revises targets

Mining News Pro - Gold has been hit by a large “wealth shock” on the back of a weaker yuan following the economic impact of the lockdowns in China, the world’s largest consumer, according to Goldman Sachs Group Inc., which revised its price targets. Still, the worst may be over, it added.

Iron ore price sees biggest weekly gain since March on China demand optimism

Mining News Pro - The iron ore price topped up its biggest weekly gain in 13 weeks as traders tracked China’s moves to rein in covid-19 restrictions that have weighed on steel demand this quarter.

Copper price hits 8-month low on slowdown fears

Mining News Pro - Copper prices tumbled on Thursday to their lowest in 8 months as traders worried that a slowing global economy would require less metal.

Bears tip-toe back into copper market as demand fears grow

Mining News Pro - Copper prices were under pressure Monday morning, with London Metal Exchange three-month metal falling below the $10,000 per tonne level for the first time in a month.

Gold price bounces back after Fed’s rate hike announcement

Mining News Pro - Gold steadied on Wednesday after falling to a two-week low earlier as the US Federal Reserve, in a widely expected move, raised interest rates by a quarter of a percentage point.

Potential Russian oil ban pushes gold price above $2,000

Mining News Pro - Gold extended its biggest weekly advance since July 2020 amid reports of the US and its allies contemplating an embargo of Russian oil, raising concerns about higher inflation and slowing economic growth.

Gold price falls over 1% as uptick in risk sentiment drives down havens

Mining News Pro - Gold prices dropped from their highest in over a year on Wednesday as risk sentiment was buoyed by reports that Russia is ready to hold a new round of talks with Ukraine.

Gold price gains as investors weigh impact of Russia sanctions

Mining News Pro - Gold extended gains on Tuesday as investors continue to assess the risks to global growth that may stem from the sanctions against Russia in the wake of its invasion of Ukraine.

Gold price highest since June as concerns over Ukraine continue

Mining News Pro - Gold prices rose on Wednesday as concerns over the Russia-Ukraine situation lingered on, and as markets looked forward to minutes from the Federal Reserve’s last policy meeting.

China metallurgical coal futures surge on supply woes, demand recovery

Mining News Pro - Chinese ferrous futures advanced on Tuesday, with coking coal surging more than 7% to its highest level in more than three months on tight supply, while recovering steel production and downstream demand also boosted sentiment.

Aluminum price hits highest since 2008 on LME, closes in on a record

Mining News Pro - Aluminum surged to a 13-year high in London as booming demand and a swath of smelter closures from China to Europe bring the risk of shortages of the crucial industrial metal.

We Countdown the Top 10 Mining Stocks of 2021

Mining News Pro - We countdown the top 10 mining stocks of 2021. the prices show different ups and downs during the last year.

LG Energy Solution becomes S.Korea’s No.2 firm in stellar stock debut

Mining News Pro - LG Energy Solution Ltd (LGES) on Thursday saw its stock price soar 68% on its trading debut following a record IPO, catapulting the electric vehicle (EV) battery maker to the rank of South Korea’s second-most valuable company.

Supply-chain fragility sends tin price soaring to new highs

Mining News Pro - A New Year and a new record high for the tin price.

BHP to delist from London exchange as unification approved

Mining News Pro - BHP (ASX: BHP), the world’s largest mining company, will stop trading on the London Stock Exchange next week after Australian and UK investors approved plans to simplify the group’s corporate structure and have its shares listed exclusively in Sydney.

Uranium price surges as unrest grips world’s top supplier Kazakhstan

Mining News Pro - Uranium prices jumped as Kazakhstan, the world’s largest producer of the radioactive metal, struggles to cope with deadly protests that pose the biggest challenge to the country’s leadership in decades.

Glencore’s former top copper trader joins digital metal startup

Mining News Pro - Glencore Plc’s former head of copper marketing, Nico Paraskevas, joined Open Mineral as a senior adviser after investing in the digital metals trading startup.

China’s big commodity inflation scare is easing

Mining News Pro - The commodities boom that helped propel producer inflation to a 26-year high in China is showing signs of waning, with the forces that pushed prices up over the past year now in retreat.

Demand to keep tin price on a tear

Mining News Pro - In its latest industry report, market analyst Fitch Solutions revised up its average tin price forecast for 2021 and 2022 from $28,000/tonne and $26,000/tonne previously to $30,500/tonne and $32,500/tonne, respectively, to account for the surge in prices to record highs in the year-to-date.

Iron ore price rebounds while La Niña threatens to worsen energy crisis

Mining News Pro - The Dalian iron ore price advanced on Monday, recovering from last week’s selloff that dragged the benchmark prices to multi-week lows.

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.

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