Copper stocks Articles

Trade truce lights fire under mining stocks

Dec. 3, 2018, 4:09 PM / Frik Els

Source: BloombergRelief that an escalation in the trade war between the US and China has been avoided - at least for now - sparked a huge rally in mining stocks on Monday.Gold closed at a one-month high just shy of $1,240 an ounce, iron ore continued to climb from recent lows above $66 a tonne and while the rally in the price of copper had fizzled out by afternoon trading, it did not stop investor...Read More

Glasenberg says he'll stay for 3 to 5 years: Glencore Update

Dec. 3, 2018, 11:31 AM / Bloomberg News

Glencore Plc is updating investors Monday as the world's biggest commodities trader nears the end of a tough year. The company's faced challenges spanning the Democratic Republic of Congo to Russia and a U.S. Department of Justice probe that have weighed on its shares. There comes a time where the younger generation needs to take over - Ivan Glasenburg.Here are the latest developments, to be updat...Read More

China copper premiums slump to 18-month low as demand wanes

Dec. 3, 2018, 11:14 AM / Reuters

BEIJING - Premiums for imports of copper into China, the world's biggest copper consumer, sank to an 18-month low on Monday in a sign that demand for physical metal is waning after a buying spree.The premiums, paid on top of benchmark three-month London Metal Exchange (LME) prices, fell 10.7 percent from Friday's levels to $62.50 a tonne, the lowest since June 2017. China imposing a 25% tariff on...Read More

Trade war relief for metals, but bull-bear battle rages on: Andy Home

Dec. 3, 2018, 10:24 AM / Reuters

LONDON - Is it a ceasefire, a truce or the opening to a lasting peace deal?The jury is very much out on exactly what Presidents Donald Trump and Xi Jinping agreed during their talks at the G20 summit in Buenos Aires. But for industrial metals it's enough.The London Metal Exchange (LME) suite of base metals is today enjoying a relief rally after weeks of bludgeoning from bearish funds.Speculators h...Read More

Nautilus setting JV to secure support vessels for Solwara 1 project

Dec. 3, 2018, 10:00 AM / Cecilia Jamasmie

Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, climbed more than 10% on Monday as the company disclosed is negotiating the terms of an agreement with arm's length third parties that would involve the creation of a joint venture company.The purpose of the new firm, Nautilus said, would be to fund the acquisition of the Production Support Vessel (PSV) that...Read More

Congo state miner in production-sharing deal with Chinese firm

Dec. 3, 2018, 9:44 AM / Reuters

KINSHASA - Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40 million signing bonus.Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for electric car batteries, but remains one of the world's poorest countries.Congo's state mining compa...Read More

Boreal completes drill campaign at Norway copper-gold project

Dec. 3, 2018, 7:01 AM / Staff

North Vancouver/Stockholm-based Boreal Metals (TSXV:BMX) announced today it has completed seven diamond drill holes totalling 951 metres of exploratory diamond drill program at its Burfjord copper-gold project in Norway. In a press release, the miner said that assay results are expected in the coming weeks. The Burfjord project is comprised of six exploration licenses totaling 5,500 hectares near...Read More

Management shake-up at Glencore costs copper chief Mistakidis his job

Dec. 3, 2018, 3:53 AM / Cecilia Jamasmie

Miner and commodities trader Glencore (LON:GLEN) is letting go its head of copper trading, Telis Mistakidis, by the end of this year, as the executive has recently been under increased scrutiny following a string of investigations, problems and legal headaches in the Democratic Republic of Congo.The 56-year-old, known to everyone simply as "Telis" is one of the world's most powerful commodities tr...Read More

Crude Oil Prices - Weekly Outlook: December 3 - 7

December 03, 2018 / Staff reporter - In the week ahead, oil traders will focus on the highly-anticipated Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on Thursday and Friday.Most market analysts expect that major producers, led by Saudi Arabia and Russia, would agree some form of production cut in an effort to stave off a global glut in supplies and prop up prices.OPEC's advisory committee sug...Read More

Oil prices surge after U.S., China agree trade war ceasefire

December 03, 2018 / Staff reporter

* WTI crude futures up more than 3 pct after 90-day truce sealed* OPEC expected to agree supply cut this week* Cuts would be aimed at reining in emerging oversupply* U.S. crude output at record levels, above 11.5 mln bpdBy Henning GloysteinSINGAPORE, Dec 3 (Reuters) - Oil prices surged in early trading on Monday after the United States and China agreed a truce in their trade conflict and ahead of...Read More

GLOBAL MARKETS-Oil tumbles on supply glut; Wall Street up on G20 comments

December 03, 2018 / Staff reporter

* S&P 500, Nasdaq post big weekly gains on Fed dovishness* Europe lower, DAX stock index heads for fourth month of losses* Negative Trump-Xi meeting outcome could spark volatility* Graphic: World FX rates in 2018 (Adds Wall Street close, updates throughout)By Hilary RussNEW YORK, Nov 30 (Reuters) - Oil prices retreated on Friday amid a global glut, racking up a 20 perc...Read More

Gold / Silver / Copper Prices - Weekly Outlook: December 3 - 7

Dec 03, 2018 / - This week precious metals traders will be monitoring trade developments after the U.S. and China agreed to a ceasefire in their trade war, while awaiting fresh indications on the direction of U.S. monetary and an update on the health of the U.S. labor market.The U.S. agreed not to increase the 10% tariffs on $200 billion worth of Chinese imports on Jan. 1 following talks between U....Read More

Gold Juniors' Q3 2018 Fundamentals

Dec3, 2018 / Adam Hamilton

December 3, 2018The junior gold miners' stocks have spent recent months mostly languishing near major multi-year lows. That spawned a sentiment wasteland riddled by bearishness and bereft of bids. But these companies' battered stock prices aren't fundamentally righteous, as proven yet again by their latest earnings season. Faring far better in a challenging third quarter than stock prices imply...Read More

Gold Fundamentals Improving But Not Bullish Yet

Dec3, 2018 / Jordan Roy-Byrne

December 3, 2018Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren't shifting yet. They are slowing, which precedes a shift.From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencie...Read More

Gunnison construction go-ahead

03 December 2018 / Staff reporter

Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineThe company says it expects to produce first copper from the in-situ recovery project in Arizona next year."With the...Read More

India finally shaping as a major commodities importer

03 December 2018 / Staff reporter

The first, and most obvious, is that China's appetite appears to have largely been satisfied with the country's economy slowly switching from heavy manufacturing to an increased focus on servi...Read More

Codelco strikes contract deal with workers at Ministro Hales mine

Dec. 2, 2018, 8:34 AM / Reuters

Chile's state copper miner Codelco said on Saturday it had reached agreement on a new collective labor contract with the union of workers at its Ministro Hales mine in northern Chile.The 36-month contract, which includes a signing bonus of 7 million pesos ($10,423) and a boost to salaries of 1.2 percent, was approved by 53 percent of the union, Codelco said in a statement.Ministro Hales produced a...Read More

New Mexican president asked to solve issue with former mine workers in two weeks

Dec. 2, 2018, 8:22 AM / Valentina Ruiz Leotaud

Former workers associated with the National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic, known as Los Mineros Union, gave the new president Andrs Manuel Lpez Obrador 15 days following his inauguration to address a conflict with Grupo Mexico that started in the late 2000s.According to local media, following a request made by the new Interior Minister Olga Snchez Cordero,...Read More

DIARY-Emerging Markets Economic Events to Jan 31

December 02, 2018 / Staff reporter

Dec 1 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. -----------------------------------------------------------SATURDAY, DEC...Read More

India approves acquisition of defence equipment worth $431 million

December 02, 2018 / Staff reporter

NEW DELHI, Dec 1 (Reuters) - India has approved the acquisition of defence equipment worth about 30 billion rupees ($431 million), the government said in a statement on Saturday.The Defence Acquisition Council approved the procurement of supersonic cruise missile BrahMos for two Indian navy ships, which it said will form the primary weapon on-board the ships.The government also approved procuremen...Read More