Gold price tumbles as haven demand wanes amid easing war risks

Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.

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.

Gold price rallies on geopolitical risks and Fed rate cut bets

Gold jumped the most in a month after soft US producer prices data amped up expectations of interest-rate cuts, while US-led airstrikes on Houthi rebel targets in Yemen stoked haven demand.

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.

Raising capital now biggest risk to mining companies after ESG

Mining News Pro - Global mining and metals executives still view environment, social and governance (ESG) as the top risk facing their business over the next 12 months, but access to capital has now also become a major worry, according to a new report from EY.

UK risks losing out to Europe in hydrogen energy race

Mining News Pro - In 2021, the UK set out a bold ambition to become a ‘global leader in hydrogen’ by 2030. Two years later, delivery is falling short and it’s dropped behind European rivals jostling for a piece of the market.

‘Evenly balanced’ risks means lower commodity prices, but robust volumes

Mining News Pro - The heat is coming out of global commodity prices and the risks to the outlook are “evenly balanced”.

Canada risks more than $37 billion in clean tech as incentives in limbo

Mining News Pro - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said.

Zijin Mining slows M&A on valuations, geopolitical risks

Mining News Pro - Zijin Mining Group Co., a leading Chinese copper and gold miner, has slowed acquisitions due to high project valuations and geopolitical tensions.

Codelco at risk of insolvency as debt grows, CESCO report says

Mining News Pro - Chile’s Codelco, the world’s largest copper producer, is at risk of insolvency due to rising costs and a growing debt pile stemming from projects that missed output targets, Chile’s Centre for Copper and Mining Studies (CESCO) said in a report seen by Reuters.

EV revolution puts US Indigenous communities at risk – study

Mining News Pro - The electric car revolution puts America’s Indigenous communities at risk, a new paper soon to be published in Harvard Environment Law Review shows.

Copper price hits three-month high amid demand hopes, supply risks

Mining News Pro - Copper hit a three-month high as it headed for its biggest monthly advance since January, supported by growing optimism over Chinese demand and mounting supply risks in Chile.

Clean tech faces increasing risks with mining tied to new abuses

Mining News Pro - Investors in clean technology face a growing list of risks via the supply chains feeding such products, according to a study by Business & Human Rights Resource Centre’s Transition Minerals Tracker.

US tariffs on Russian aluminum risk more market fracture

Mining News Pro - The political fracturing of the aluminum market looks set to intensify as the United States mulls imposing penal tariffs of up to 200% on imports of Russian metal.

Lithium’s next big risk is grand supply plans falling short

Mining News Pro - Electric-vehicle makers are hoping that an imminent wave of lithium supply will bring relief for their expansion plans after a two-year squeeze, but the battery metal’s die-hard bulls warn of more pain to come if producers fail to deliver.

Recession risk, stagflation set stage for positive gold performance in 2023

Mining News Pro - It has been a year to forget for gold. The precious metal is closing in on a second consecutive yearly decline, with prices down by $250 an ounce since its March highs as central bankers stepped up their aggressive fight against inflation.

Iron ore price outlook clouded by global demand woes, supply risks

Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.

Iron ore price outlook clouded by global demand woes, supply risks

Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.

ESG, geopolitics ranked top risks for mining companies, EY survey shows

Mining News Pro - Global mining and metals executives view environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, according to this year’s ranking of the Top 10 business risks and opportunities for mining and metals in 2023 by EY.

Climate disasters risk putting a damper on electric car making

Mining News Pro - Automakers racing to make more electric vehicles have a problem: climate change is catching up with the industry.

Risk-on rally pushes copper price towards a 3% weekly gain

Mining News Pro - Copper prices fell on Friday, but were set to end the week up 3% as bets that inflation may have peaked in the United States powered a broad shift towards riskier assets.

Coeur Mining faces heightened balance sheet risk over the next 12 months

Mining News Pro - Despite Coeur Mining reporting June-quarter production and costs mainly in line with Bay Street estimates, at least one analyst has downgraded the issuer while flagging concern over perceived balance sheet risk over the coming 12 months.

Nuclear plant disaster in Ukraine is ‘real risk

Mining News Pro - Ukrainian officials said Russian forces shelled the area around Europe’s largest nuclear plant for a second day, hours after the head of the UN’s atomic safety agency warned of “potentially catastrophic consequences.”

Copper price falls as Taiwan tensions spark risk-off selling

Mining News Pro - Copper prices fell on Tuesday, as traders and investors sold risky assets amid escalating China-US tensions.

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