Copper price tops $10,000 as energy crisis hits supply

Mining News Pro - The copper price continued to rally on Thursday amid a global energy crisis that is knocking supply offline and heaping pressure on fabricators scrambling for metal.

Aluminum price hits 13-year high as energy surge pressures supply

Mining News Pro - Aluminum jumped to the highest since 2008 as a deepening power crisis squeezes supplies of the energy-intensive metal that’s used in everything from beer cans to iPhones.

Lithium price jumps again as miners can’t keep up with battery boom

Mining News Pro - Lithium prices extended their year long rally as surging demand spurs a shortfall of the key battery material.b

Iron ore price jumps as Fortescue halts Pilbara operations

Mining News Pro - Iron ore price jumped to a three-week high on Thursday after Fortescue Metals Group halted mining operations at its Solomon Hub site in Australia’s Pilbara region.

Midhco is the pioneer of mining private sector

Mining News Pro - Five major projects of Middle East Mines & Mineral Industries Development Holding Company (Midhco) have been inaugurated.

Iron ore price down on fears of regulatory controls

Mining News Pro - Iron ore prices continued to fall on Tuesday after new steel curbs in China.

Iron ore price sinks to 11-month low on covid recovery concerns

Mining News Pro - The iron ore price sank to an eleven-month low on Thursday amid concerns that the global economic recovery is stalling.

China’s conflicting climate and economic goals roil commodities

Mining News Pro - China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets.

Mobarakeh Steel Co. supply nearly 200 thousand tons of hot rolled coil in commodity exchange

Mining News Pro - Iran’s Industrial and Mining Commodity Exchange Market will be supplied by 199,980 tons of hot rolled coil by Mobarakeh Steel Company in August 30, 2021.

Aluminum near three-year high as disruptions tighten market

Mining News Pro - Aluminum traded near the highest level in more than three years as supply disruptions tightened the market.

WA commodities enable post-pandemic expansion

Mining News Pro - The Chamber of Commerce and Industry Western Australia (CCIWA) has recognised commodities as the saviour of the state’s economy, after the pandemic took its toll in 2020.

Copper price rises as supply worries return

Mining News Pro - Copper prices advanced on Friday after workers at Codelco’s Andina copper mine in Chile went on strike, raising supply disruption risks.

Gold price recovers from recent selloff, supported by physical demand spike

Mining News Pro - Gold extended its recovery from the recent selloff on Friday as a retreat in the US dollar enticed investors to snap up the safe haven metal.

Iron ore price bounces back while Fitch sees rally slowing ahead

Mining News Pro - Iron ore price rose on Wednesday, after five straight sessions of losses, tracking steel futures as China’s output curbs fuelled worries about supply.

Copper boom has a top zinc miner scouring for red-metal assets

Mining News Pro - Brazilian conglomerate Votorantim is on the prowl for copper assets as demand for the metal used in wiring is set to take off in the clean energy transition.

From miners to big oil, the great commodity cash machine is back

Mining News Pro - Just over five years ago Anglo American was in deep trouble. The natural resources giant, beset by a collapse in commodity prices, scrapped its dividend and announced plans to close mines and cut thousands of workers.

Copper price rises as China decides to release less reserve than expected

Mining News Pro - Copper price rose on Thursday, as China decided to release fewer reserves metals than expected.

Freeport-McMoRan profit beats estimates on higher copper prices

Mining News Pro - Freeport-McMoRan Inc beat Wall Street’s expectations for second-quarter earnings on Thursday as the copper producer, one of world’s largest, benefited from higher demand and increased prices for the red metal.

LME launches six new contracts, including lithium and scrap aluminium

Mining News Pro - The London Metal Exchange (LME) launched six new cash-settled futures contracts on Monday, including for battery metal lithium and aluminium scrap.

Copper price up on hopes of further monetary easing in China

Mining News Pro - The copper price regained some strength on Thursday after consecutive losses, as weaker-than-expected economic data from top consumer China raised hopes the country would implement further monetary easing to prop up growth.

Gold price hits 4-week high following Powell’s dovish commentary

Mining News Pro - Gold prices moved higher on Wednesday following dovish commentary from Federal Reserve Chair Jerome Powell, which helped ease fears of early tapering even as more inflation data beat expectations.

Copper price slides as China vows measures to ease commodity prices

Mining News Pro - The copper price fell on Tuesday after China declared it will keep its economic operations within a reasonable range over the next 18 months and take “comprehensive measures” to ease rising commodity prices.

Despite tailwinds, South Africa’s recovery could fade into ‘another lost decade’ without reforms

Mining News Pro - The World Bank expects South Africa to grow by 4% in 2021, supported by the strong global economic recovery from Covid and favourable commodity prices. However, the bank also warns that the medium-term outlook remains uncertain and will depend largely on whether the country is able to implement deeper economic reforms that support job creation and entrepreneurship.

Copper price rises as dollar retreats

Mining News Pro - Copper prices ticked up on Friday as the US dollar pulled back from a three-month high.

Copper price down as Fed boosts dollar

Mining News Pro - The copper price retreated on Thursday after the US Federal Reserve confirmed plans to tighten monetary policy sooner than expected.

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