Copper stocks Articles

China's copper, iron ore imports slump as economic growth slows

Dec. 9, 2018, 11:49 AM / Bloomberg News

China's monthly copper imports dropped for the first time this year - joined by declines in iron ore and soybeans - as economic growth slows in the world's biggest consumer of commodities amid a simmering trade row with the U.S.Oft-cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally. Goldman Sachs Group Inc....Read More

Importance of rare earth metals mining makes it into COP24

Dec. 9, 2018, 11:39 AM / Valentina Ruiz Leotaud

In a series of talks that took place within the COP24 summit in Katowice, Poland, defenders of the circular economy highlighted the importance of including mining of rare earth metals into their discussions.Based on a research document focused on the Netherlands and prepared by consulting and venture building firm Metabolic, the experts agreed that resources are the missing link in the climate deb...Read More

VIPs arrive at pre-wedding bash for daughter of India's richest man

December 09, 2018 / Staff reporter

By Malini MenonNEW DELHI, Dec 8 (Reuters) - Dozens of chartered planes carrying celebrities, including former U.S. secretary of state Hillary Clinton, flew into a sleepy airport in western India for the lavish pre-wedding festivities for the daughter of India's richest man.Isha Ambani, 27, daughter of Reliance Industries RELI.NS chairman Mukesh Ambani, will marry Anand Piramal, 33, in the financ...Read More

US STOCKS-Wall St tumbles, indexes post biggest weekly losses since March

December 09, 2018 / Staff reporter

(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* S&P 500 erases most gains from week earlier* Technology, Internet shares lead declines* Dow transports post biggest weekly loss in over 7 years* Biotech Moderna falls in market debut* Indexes down: Dow 2.24 pct, S&P 500 2.33 pct, Nasdaq 3.05 pct (Updates with close of U.S. trading)By Lewis Kra...Read More

Deals of the day-Mergers and acquisitions

December 09, 2018 / Staff reporter

Dec 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:** Activist investor Elliott has taken a position in Germany's Bayer BAYGn.DE , the latest in a string of investments in German companies, three people familiar with the matter told Reuters. Brazilian food processor BRF SA BRFS3.SA has agreed on the sale of around 800 million reais ($206 m...Read More

UPDATE 12-Oil prices climb on OPEC-led cuts, but off session highs

December 08, 2018 / Staff reporter

* After 2 days, OPEC+ surprise with sizeable 1.2 mln bpd cut deal* Reduction to last six months, be reviewed in April* OPEC, Russia & U.S. oil production: https://tmsnrt.rs/2QczFSp* U.S. drillers cut 10 rigs to 877 total this week- Baker Hughes (Adds settlement prices)By Jessica Resnick-AultNEW YORK, Dec 7 (Reuters) - Oil prices ended more than 2 percent higher on Friday after OPEC members and...Read More

UPDATE 1-India names demonetization supporter as chief economic adviser

December 08, 2018 / Staff reporter

(Adds detail, updates sourcing)By Alasdair PalNEW DELHI, Dec 7 (Reuters) - India's government appointed a new chief economic adviser on Friday, naming a U.S.-trained professor who praised the country's shock decision to remove most of its banknotes from circulation.Krishnamurthy Subramanian, a professor from the Indian School of Business, will serve a three-year term in the country's finance minis...Read More

Oil Slumps as OPEC Struggles to Reach Supply Cut Deal

December 08, 2018 / Staff reporter

Investing.com - Crude prices were lower on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production.West Texas Crude oil futures for January slumped 0.50% to $51.23 a barrel as of 4:54 AM ET (9:54 GMT), after falling nearly 3% on Thursday. Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., di...Read More

Gold Rises as Jobs Report Decreases Chance of Fed Hikes in 2019

Dec 08, 2018 / Investing.com

Investing.com - Gold prices rose on Friday, on track for the highest weekly gain since August as lower-than-expected jobs data weighed on the U.S. dollar.Comex gold futures for February delivery jumped 0.62% to $1,251.35 a troy ounce as of 11:26 AM ET (16:26 GMT).Disappointing jobs data pushed the U.S. dollar lower, which helped boost demand for gold.Nonfarm payrolls rose by 155,000 in November, w...Read More

UPDATE 1-India court panel extends hearing on Vedanta smelter case

Dec 08, 2018 / Reuters

(Updates to add PIX)NEW DELHI, Dec 7 (Reuters) - India's environmental court said it will resume hearing Vedanta Ltd's VDAN.NS case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental...Read More

India court panel extends hearing on Vedanta smelter case

Dec 08, 2018 / Reuters

NEW DELHI, Dec 7 (Reuters) - India's environmental court said it will resume hearing Vedanta Ltd's VDAN.NS case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorit...Read More

Japan's Pan Pacific sees copper rising toward $7,000/T in 2019

Dec 08, 2018 / Reuters

By Yuka ObayashiTOKYO, Dec 7 (Reuters) - Pan Pacific Copper (PPC), Japan's top copper smelter, expects the price of the industrial metal to rise toward $7,000 a tonne in 2019, from about $6,168 now, backed by firm global demand and tighter supply, its executive said.PPC, which is also a miner controlled by JXTG Holdings 5020.T , expects global consumption and supply of refined copper to each incre...Read More

PRECIOUS-Gold firms as dollar slips; U.S. nonfarm payroll data awaited

Dec 08, 2018 / Reuters

BENGALURU, Dec 7 (Reuters) - Gold prices rose slightly on Friday and were headed for their best week in 15, as the dollar weakened following a decline in U.S. Treasury yields, while investors awaited U.S. nonfarm payroll data for clues about the health of the world's top economy.* Spot gold XAU= was up 0.1 percent at $1,239.24 per ounce, as of 0125 GMT, having hit a near five-month peak at $1,244....Read More

Newmont updates gold and copper outlook for 2019 and 2020

Dec. 7, 2018, 12:46 PM / Northern Miner Staff

Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More

India court panel extends hearing on Vedanta smelter case

Dec. 7, 2018, 10:03 AM / Reuters

NEW DELHI - India's environmental court said it will resume hearing Vedanta Ltd's case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorities in Tamil Nadu state h...Read More

UPDATE 10-Oil dives nearly 3 pct after OPEC delays output decision

December 07, 2018 / Staff reporter

* OPEC ends meeting with no output cuts announced* OPEC, Russia to discuss potential supply cut on Friday* GRAPHIC-OPEC, U.S. & Russia output: https://tmsnrt.rs/2E0xgTz* U.S. turns into net exporter of oil (Updates to settlement, details on Friday meeting)By Devika Krishna KumarNEW YORK, Dec 6 (Reuters) - Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a...Read More

CORRECTED-Fitch sees Indian rupee weakening to 75 against dollar by end-2019

December 07, 2018 / Staff reporter

(Corrects first paragraph to clarify timeframe is end, not middle, of 2019)NEW DELHI, Dec 6 (Reuters) - Fitch Ratings said on Thursday it expects the Indian currency to weaken to 75 rupees against the U.S. dollar by the end of next year on a widening current account deficit and tighter global financing conditions.Despite a few recent advances, the rupee is on track for its worst yearly performance...Read More

Indian shares mark 2-wk closing low; Reliance Ind top drag

December 07, 2018 / Staff reporter

* NSE index end down 1.7 pct, BSE index close 1.6 pct lower* Only 2 stocks on NSE index, 1 on BSE index finish in the greenDec 6 (Reuters) - Indian shares ended lower on Thursday, marking their worst closing levels in two weeks, dragged down by index heavyweights such as Reliance Industries Ltd RELI.NS and Infosys Ltd INFY.NS .The broader NSE index .NSEI closed 1.69 percent lower at 10,601.15,...Read More

UPDATE 2-UK stocks suffer losses not seen since 2016 Brexit vote

Dec 07, 2018 / Reuters

* FTSE 100 ends down 3.2 percent* Huawei arrest stirs trade tension worries* Oil, mining stocks lead fallers (Adds closing prices)By Josephine Mason and Julien PonthusLONDON, Dec 6 (Reuters) - UK shares plunged on Thursday and recorded losses not seen since the aftermath of the Brexit vote as a sell-off swept global markets following the arrest of a top Huawei executive that renewed worries about...Read More

Gold Prices Flat as U.S.-Sino Trade Worries Intensify

Dec 07, 2018 / Investing.com

Investing.com - Gold prices were flat on Thursday after the arrest of a top executive at China-based Huawei Technologies sparked worries that it could reignite the U.S.-Sino trade dispute.Comex gold futures for February delivery inched up 0.04% to $1,243.05 a troy ounce as of 8:52 AM ET (13:52 GMT).Market sentiment was on edge after Meng Wanzhou, the chief financial officer at smartphone company H...Read More