Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market, which hit its lowest since 1996.According to the latest Silver Institute report, released Thursday, total silver supply decreased by 32.6 million ounces in 2016 in line with decreased demand for the...Read More
Polish miner KGHM (WSE:KGH), Europe's second-largest copper producer, has decided to ditch a planned second phase of expansion of its Sierra Gorda mine in Chile on the back of high production costs an falling metal prices.The state-controlled company grabbed the copper and molybdenum project in 2012, after buying Canadian rival Quadra FNX in what was the largest-ever foreign acquisition by a Poli...Read More
* Wall Street sinks on poor earnings, Trump fears* Yen, gold, Treasuries rise as stock market dips* Emerging markets continue upward with oil rise (New throughout, adds data, quote, changes dateline, previous LONDON)By Dion RabouinNEW YORK, May 11 (Reuters) - U.S. and European stocks fell on Thursday, along with the U.S. dollar, while U.S. Treasury yields reversed earlier declines, as political un...Read More
Investing.com - Gold prices inched higher in European trade on Thursday, but held near their lowest level in around eight weeks amid growing expectations for a U.S. interest rate hike next month.Comex gold futures rose around $4.00, or about 0.3%, to $1,222.70 a troy ounce by 3:05AM ET (07:05GMT). Meanwhile, spot gold was at $1,222.30.The yellow metal hit its lowest since March 15 at $1,214.30 on...Read More
(Adds company news, futures)May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points lower on Thursday, according to financial bookmakers, with futures FFIc1 up 0.05 percent ahead of the cash market open.* SUPERGROUP: SuperGroup SGP.L , the British company behind the Superdry fashion brand, forecast full-year profit in line with expectations and said trading in its latest quarte...Read More
May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points lower on Thursday, according to financial bookmakers.* BHP: Workers at BHP Billiton's BHP.AX , BLT.L Cerro Colorado copper mine in Chile will strike for 24 hours in the coming weeks to protest recent layoffs and the company's general attitude toward miners, the main union told Reuters on Wednesday. MYLAN/GLAXO: Generic dru...Read More
Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currencies, a situation at odds with similarly buoyant commodity prices. Is a reverse in the US$'s strength on the cards? What would it mean for commodity producers?Producers...Read More
Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currencies, a situation at odds with similarly buoyant commodity prices. Is a reverse in the US$'s strength on the cards? What would it mean for commodity producers?Producers...Read More
Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currencies, a situation at odds with similarly buoyant commodity prices. Is a reverse in the US$'s strength on the cards? What would it mean for commodity producers?Producers...Read More
Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currencies, a situation at odds with similarly buoyant commodity prices. Is a reverse in the US$'s strength on the cards? What would it mean for commodity producers?Producers...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Which is the cart, which the horse? All economists know a strong US$ means weak commodity prices and vice versa, even if the precise mechanics are not wholly understood. The dollar is currently near record highs against major currenci...Read More
The Philippines has no plans of revoking tough mining regulations imposed in the last year and which led to last week's dismissal of Natural Resources Secretary Regina Lopez, President Rodrigo Duterte said on Wednesday.But the new head of the environment office, Roy Cimatu, says it is possible to balance mining and natural resources protection.Authorities, however, seem willing to ease up on a cra...Read More
BHP Billiton (ASX:BHP) (LON:BLT) confirmed Wednesday it had begun a sale process for its Cerro Colorado mine, one of its smaller Chilean copper operations, though it said it's just evaluating the options and that no decision have been made.Workers at the operation, in the northern Tarapac?? Region, temporarily blocked access roads to the site in protest for the decision, which they say will inev...Read More