Iron ore price weakens amid waning China stimulus hopes, high portside stocks

Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.

Zinc price trades near one-year high as market weighs supply risks

Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.

Iron ore price drifts higher as soft China data triggers stimulus hopes

Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed hopes of more stimulus in the second quarter to underpin its economy.

Copper price near 15-month high as supply fears spur bullish calls

Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on the market.

Rare earth prices in China hit 7-week high on post-holiday restocking

Rare earths prices in top producer China jumped to their highest in more than seven weeks on Monday on a wave of post-holiday restocking among buyers, before easing slightly on Tuesday.

Copper price hits fresh 14-month high on supply fears, China optimism

Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter supply and hopes for a recovery in Chinese demand.

Gold price hits another all-time high as Fed-fuelled rally continues

Gold continued its historic rally on Monday by setting another record high, as the latest US inflation data further boosted expectations of a Federal Reserve interest rate cut this coming June.

Jiangxi Copper sees higher prices as it plans to raise output

Jiangxi Copper Co., China’s largest producer, said it expects prices to rise in the second half once the Federal Reserve cuts interest rates, while pledging to maintain double-digit growth in output despite calls to rein in production.

Iron ore price edges higher on hopes of China’s demand recovery

Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market.

Aluminum price firms to 11-week high on Yunnan doubts, firm technicals

Aluminum prices touched an 11-week high on Monday over concerns over slow recovery in production in China’s Yunnan province and supported by a strong technical outlook.

Vista Gold updates Mt Todd feasibility, showing higher NPV

Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to reflect the changes in project economics as well as long-term outlook on gold prices and USD/AUD exchange rates and the company’s new royalty deal.

Copper price soars to 7-month high on China’s plans to cut output

Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.

Gold price continues ascent to new highs, nears $2,150/oz

Gold continued its record-setting rally on Wednesday after the US Federal Reserve reiterated the possibility of an interest rate cut some time this year.

London gold price benchmark hits all-time high, LBMA says

London’s gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday, surpassing the previous record of $2,078.40 set on Dec. 28, the London Bullion Market Association (LBMA) said.

Gold price flirts with new highs with market leaning towards June rate cut

Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of a US Federal Reserve interest rate cut this June.

Oil and gas upstream M&A deal value hits highest Q1 levels since 2017

An ongoing consolidation in the US shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said.

Iron ore price slides to 4-month low on higher China inventories, slow construction

Iron ore futures tumbled on Monday to their lowest level in four months as higher inventories in key buyer China and slower construction activity due to unfavourable weather raised demand concerns.

Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident

Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income.

Dolly Varden discovers new, high-grade gold zone at Homestake Ridge

Dolly Varden Silver (TSXV: DV) has discovered a new, gold-rich zone to the northwest of its Homestake Silver deposit in British Columbia’s Kitsault Valley. The Kitsault Valley project is 100%-owned by Dolly Varden.

China’s 2023 iron ore imports hit a record high on rising demand

China’s iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected steel exports.

Uranium price jumps to 15-year high as top miner flags shortfall

Uranium prices jumped on Friday to an almost 15-year high after the world’s largest producer, Kazakhstan’s Kazatomprom (LON: KAP), warned it’s likely to fall short of its output targets over the next two years.

Higher investment risk appetite boosts activity at LME by 11% in 2023

Average daily volumes at the London Metal Exchange (LME), the world’s largest and oldest metals forum, gained 11% to 593,537 lots in 2023 with lead volumes surging by 46%, the exchange said on Thursday.

Higher investment risk appetite boosts activity at LME by 11% in 2023

Mining News Pro - Average daily volumes at the London Metal Exchange (LME), the world’s largest and oldest metals forum, gained 11% to 593,537 lots in 2023 with lead volumes surging by 46%, the exchange said on Thursday.

US seeks to jumpstart production of higher-energy uranium now made in Russia

Mining News Pro - The US is seeking bids from contractors to help establish a domestic supply of a uranium fuel enriched to higher levels for use in a next generation of reactors, a fuel currently only available in commercial levels from Russia, the Department of Energy said on Tuesday.

Gold price inches higher on expectations for Fed rate cuts in 2024

Gold ticked higher as the final week of the year got under way, with traders looking ahead to interest rate cuts from the Federal Reserve in 2024 and a weaker US currency.

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