Sumitomo notches record profit on higher commodity prices, ups annual outlook

Mining News Pro - Sumitomo Corp reported a record net profit for April-September and lifted its annual forecast by 31%, as a surge in commodity prices and the resumption of nickel output at Madagascar led to a rapid earnings recovery momentum.

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.

Commodity prices create risk and opportunity

Mining News Pro - Commodity prices have emerged as the top risk facing the Australian resources industry, according to KPMG’s Australian Mining Risk Forecast 2021-22 report.

South32 braces for lower commodity prices

Mining News Pro - South32 is prepared for an extended wave of market volatility and lower commodity prices following a financial year of strong performance.

Transnet CEO expects subdued commodity prices to weigh on recovery from Covid

Mining News Pro - Transnet CEO Portia Derby warned on Wednesday that the recovery from the Covid-19 pandemic in South Africa and the rest of Africa was likely to be negatively affected by still-subdued commodity prices and the serious deterioration in public finances across the continent, which had resulted in surging debt and currency volatility.

Rio`s accounts hit by low commodity prices

Mining News Pro - Major Rio Tinto has announced a 20% fall in net earnings and a 28% decline in free cash flows for the six months ended June, compared with the previous corresponding period.

South32 profit plunges on weak commodity prices

Mining News Pro - Australian miner South32 Ltd on Thursday reported a 80% plunge in half-year underlying profit due to a temporary tax increase and lower prices across key commodities.

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