Copper price rises as looming strike in Chile adds to supply worries

Mining News Pro - The copper price rose on Tuesday on concerns about an expected strike in top producer Chile.

High-flying tin price takes a tumble as tightness eases

Mining News Pro - The price of tin has crashed over the last few days.

Iron ore price down on new China lockdown worries

Mining News Pro - The iron ore price fell on Friday on renewed concerns over demand in China, where fresh covid-19 alerts threaten to derail the economy’s reopening and steel margins have come under pressure.

Gold price wanes in run-up to US inflation data release

Mining News Pro - Gold prices retreated on Thursday as elevated Treasury yields and a firm dollar dimmed its appeal in the run-up to the latest US inflation data, which could strengthen the Federal Reserve’s case for aggressive policy tightening.

Iron ore price slips as Chinese steelmakers face margin pressure

Mining News Pro - The iron ore price fell on Wednesday as reduced profitability at Chinese steel mills following a recent rally in prices of steelmaking ingredients weighed on sentiment.

Jane Street follows Elliott in suing LME over nickel trades

Mining News Pro - Wall Street trading powerhouse Jane Street is seeking around $15 million in damages from the London Metal Exchange over its decision in March to cancel nickel trades after an unprecedented short squeeze.

Hedge fund Elliott sues LME for $456m over nickel trading halt

Mining News Pro - US hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on Monday.

Iron ore price set for biggest weekly gain in three months

Mining News Pro - The iron ore price headed for the biggest weekly gain in three months as demand prospects brightened after covid cases eased in China, stockpiles fell and the country vowed to carry out policies to stimulate growth.

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.

Copper price rebounds as China eases covid restrictions

Mining News Pro - Copper prices rose on Thursday, buoyed by easing covid-19 restrictions in China.

Europe’s aluminium deficit triggers further large LME stock draw

Mining News Pro - Aluminium inventories in London Metal Exchange (LME) warehouses, already at their lowest in nearly 17 years, are likely to fall further over coming days and weeks as more metal leaves the LME system and heads for Europe, where supplies are scarce.

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.

Gold price moves higher after US inflation report

Mining News Pro - Gold climbed higher on Wednesday after hotter-than-expected US inflation fueled expectations that the Federal Reserve will maintain a path of aggressive interest-rate hikes.

Iron ore price at near 4-month low on interest rate, demand concerns

Mining News Pro - The iron ore price dropped nearly 7% on Tuesday, fuelled by concerns about higher interest rates and still-stagnant demand from China.

Iron ore price drops as investors monitor demand in China

Mining News Pro - The iron ore price fell over 4% on Friday as risk aversion across financial markets escalated and investors assessed the demand prospects in top consumer China.

Copper price rebounds as China steps up support for economy

Mining News Pro - The copper price recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by the escalating virus outbreak.

Copper price crashes through $10,000 as hedge funds turn most bearish in two years

Mining News Pro - The copper price fell on Monday to the lowest in three months with mounting concern about the outlook for demand due both to spreading lockdowns in China and the continuing war in Ukraine.

Copper price rises despite covid-19 worries in China

Mining News Pro - The copper price rose on Monday despite China’s spreading lockdowns.

JPMorgan says be ready for 40% commodities rally in market shift

Mining News Pro - Commodities could surge by as much 40% — taking them far into record territory — should investors boost their allocation to raw materials at a time of rising inflation, according to JPMorgan Chase & Co.

LME risks more squeezes as metal stockpiles hit lowest in decades

Mining News Pro - London’s metal traders are still reeling from the historic squeeze in nickel a month ago, but they may not get much time to recover — inventories across the exchange’s warehouses have dropped to perilously low levels, raising the threat of further spikes in everything from aluminum to zinc.

Commodity price spikes could signal lasting market changes

Mining News Pro - Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tensions, could result in long-lasting market changes.

Nickel is trading at last on LME as buyers return after squeeze

Mining News Pro - Nickel volumes surged as prices traded within the London Metal Exchange’s daily limits for the first time since reopening last week, in a sign that the market is starting to stabilize after an unprecedented squeeze sent prices spiking.

Gold price shakes off Fed rate hike, back towards $1,950

Mining News Pro - Gold prices rose for a second day in a row as investors continue to weigh the trajectory of the Federal Reserve’s rates tightening cycle against risks to economic growth from the war in Ukraine.

Markets must adapt to lack of Russian, Ukrainian commodities

Mining News Pro - Global commodity markets will need to adapt to a lack of supply from Russia and Ukraine, global miner and commodities trader Glencore said in its annual report on Wednesday.

Gold price slides on hopes of progress in Ukraine peace talks

Mining News Pro - Gold prices slid by over 1% on Monday as risk appetite improved amid cautious hopes for progress in peace talks between Ukraine and Russia.

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