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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Visit: 53
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.
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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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London gold price benchmark breaks all-time high, LBMA says
Mining News Pro - London’s gold price benchmark hit an all-time high of $2,069.40 per troy ounce at an afternoon auction on Wednesday, surpassing the previous record of $2,067.15 set in August 2020, the London Bullion Market Association (LBMA) said.
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Barrick beats Q3 profit estimates on higher production, lower costs
Mining News Pro - Barrick Gold Corp beat analysts’ expectations for third-quarter profit on Thursday, as the Canadian gold miner benefited from increased production and higher bullion prices.
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Copper to claw higher in 2024 despite headwinds
Mining News Pro - Copper prices are expected to mount a modest recovery next year as burgeoning demand from the energy transition offsets global economic weakness and healthy mine supply, a Reuters poll showed.
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Barrick beats Q3 profit estimates on higher production, lower costs
Mining News Pro - Barrick Gold Corp beat analysts’ expectations for third-quarter profit on Thursday, as the Canadian gold miner benefited from increased production and higher bullion prices.
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Canadian mining capex reached decade high in 2022
Mining News Pro - Capital expenditure (capex) in Canada’s mining industry increased by 14% to C$13.5 billion last year, its highest in a decade, the latest figures published by Natural Resources Canada showed. The sector’s capex intentions in 2023 are also showing notable growth, rising 21% to C$16.4 billion.
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LME copper stockpiles rebound to highest in nearly two years
Mining News Pro - Copper inventories on the London Metal Exchange reached the highest level in nearly two years, continuing a rebound that’s taking the strain off buyers after years of chronic supply constraints.
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Teck says it won’t necessarily sell coal assets to highest bid
Mining News Pro - The highest bid for Teck Resources Ltd.’s lucrative coal assets won’t necessarily be the winning bid, said chief executive officer Jonathan Price.
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Rio’s latest rock shelter damage highlights need for Aboriginal Voice, advocates say
Mining News Pro - Damage caused to an Aboriginal rock shelter by mining giant Rio Tinto in August underscores the need for better heritage protection laws and a greater say for Indigenous groups promised in this month’s Voice referendum, advocates say.
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