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.

Aveng sustains earnings recovery into second half

Mining News Pro - Infrastructure and contract mining group Aveng reports that its earnings recovery – initially reflected in December interim results that showed positive earnings for the first time since 2014 – is continuing.

Gold price hits 10-week low, heading for worst month since 2016

Mining News Pro - Gold prices fell on Tuesday to the lowest since mid-April as the US dollar firmed on mounting concerns about the delta coronavirus strain in Europe.

London copper price rises on Biden infrastructure deal

Mining News Pro - London copper prices rose on Friday as a US infrastructure deal raised hopes of better demand for metals in the coming years, although the gains were capped by weak consumption.

Nordgold postpones IPO, citing uncertainty in gold market

Mining News Pro - Following its announcement earlier this month of an initial public offering in London, along with a secondary listing in Moscow, Nordgold has now decided to postpone its potential multi-billion-dollar IPO.

Iron ore price correction delayed as global steel demand tops 2bn tonnes for first time ever

Mining News Pro - Iron ore prices climbed again on Friday to nearly $220 a tonne and back to within shouting distance of all time highs hit last month.

Mining stocks in broad sell-off as copper, gold prices pull back

Mining News Pro - Mining stocks retreated across the board on Thursday after the gold price fell sharply and copper dropped below $10,000 for the first time in almost a month.

Offering 100 thousand tons of iron ore and concentrate in commodity exchange by Chadormalu

Mining News Pro - Chadormalu Mining and Industrial Company will offer 50 thousand tons of concentrate and 50 thousand tons of iron ore in commodity exchange.

Fe shows increased confidence in Wiluna West deposit

Mining News Pro - Junior iron ore producer Fe has increased its ownership of the JWD joint venture (JV) at the Wiluna West operations in Western Australia to 60 per cent.

China looks to control commodities for stability

Mining News Pro - In the wake of record-high copper, iron ore and steel prices, Chinese Premier Li Keqiang believes the country needs to manipulate its commodities to ensure China’s economic stability.

Copper price rebounds, commodity demand signals “firing on all cylinders”

Mining News Pro - Copper rebounded from Wednesday’s slump, buoyed by expectations that demand will remain resilient in the face of possible tapering by the US Federal Reserve and China’s stepped-up efforts to jawbone prices lower.

Giant new iron ore mine may aid China’s push to cool prices

Mining News Pro - BHP Group’s start-up of production at its $3.6 billion South Flank project in Australia — combined with existing operations at the site — will create the world’s biggest iron ore hub. It may also help temporarily cool a hot market.

Mining copper tailings could answer supply deficits later this decade

Mining News Pro - Copper miners are taking another look at extracting value from their waste rock dumps, thanks to the record recent copper price rally and the application of new technology.

Iron ore price retreats as steel slides and BHP shifts into gear at South Flank

Mining News Pro - Iron ore prices halted a two-day rebound as Chinese steel prices extended declines amid further government curbs and BHP prepares to start operations at its South Flank mine.

Comet Resources strengthens position in bubbling copper market

Mining News Pro - Comet Resources has finalised the acquisition of several copper assets from Bath Resources in the Northern Territory as prices surge for the base metal.

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