While gold production generates more greenhouse (GHG) emissions per tonne of finished product than many other bulk metals, the relatively small volumes produced each year mean total emissions from newly-mined gold are significantly lower than those generated by other metals, a new study shows.Gold production does generate more greenhouse (GHG) emissions per tonne of finished product than many othe...Read More
Australian copper-gold miner OZ Minerals (ASX:OZL) has begun a compulsory takeover Avanco Resources (ASX:AVB), after months of slowly increasing its interest in the Brazil-focused explorer.The Adelaide-based company said the fact it now owns more than 90% of Avanco allows it to acquire all of the remaining shares to acquire it entirely.OZ Minerals first launched its A$418 million-takeover bid fo...Read More
SHANGHAI, Jun 27 (SMM) – Nonferrous metals futures mostly rebounded on Wednesday June 27 with SHFE lead leading the gains again with a rise of nearly 2%. Zinc gained 1.6%, aluminium rose 0.75%, and tin inched up. Nickel closed 0.56% lower, and copper went down slightly. The ferrous complex, except for hot-rolled coil, dipped across the board but at a slower pace. Coke fell nearly 1% and...Read More
* Asian shares hit 9-month lows as trade worries intensify* U.S. oil prices hit 3 1/2-year high as supply seen disruptedBy Hideyuki SanoTOKYO, June 28 (Reuters) - Asian stocks slumped to nine-month lows on Thursday on growing worries the U.S. administration's approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in U.S. tec...Read More
SHANGHAI, Jun 27 (SMM) –Copper: LME copper touched a low of $6,692/mt on Tuesday as the weakening trend became apparent. The SHFE 1808 contract was firmer than its LME counterpart overnight, climbing up above the five-day moving average. While the depreciation of yuan helped support the SHFE copper price, it remains under pressure in the short term amid bearish sentiment and weak consumption...Read More
Investing.com - Gold prices were lower on Wednesday as the dollar strengthened and trade tensions eased.Comex gold futures for August delivery fell 0.20% to $1,257.40 a troy ounce as of 10:45 AM ET (14:45 GMT).Trade war worry eased after news that the White House administration istaking a less harsh approach to foreign investment restrictions. President Donald Trump wants Congress to pass and upda...Read More
India's space program wants to go where no nation has gone before -- to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.The nation's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and analyze crust samples for signs of water a...Read More
Base metals on the London Metal Exchange ended mostly higher at the close of trading on Wednesday June 27, with nickel and zinc prices making a slight recovery from recent lulls while copper and tin prices continue to drift. Falling 0.3% over the afternoon, copper's three-month price closed at a three-month low, ending below $6,700 per tonne for the first time since March 28. The red metal ha...Read More
(Repeats June 26 column with no changes to the text. The opinions expressed here are those of the author, a columnist for Reuters.)* Chilean copper production: https://tmsnrt.rs/2KnTcZ7By Andy HomeLONDON, June 26 (Reuters) - Copper has fallen almost nine percent in price over the last couple of weeks.In London three-month copper CMCU3 was this morning struggling to hold the $6,700 level, a chart a...Read More
Prices for domestic hollow steel sections narrowed in Northern Europe this week as mills prepared to push up prices, sources told Metal Bulletin on Wednesday June 27.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe narrowed by ?,?5 per tonne to ?,?640-650 ($747-759) per tonne delivered on Wednesday June 27, from ?,?6...Read More
(The opinions expressed here are those of the author, a columnist for Reuters.)* Chilean copper production: https://tmsnrt.rs/2KnTcZ7By Andy HomeLONDON, June 26 (Reuters) - Copper has fallen almost nine percent in price over the last couple of weeks.In London three-month copper CMCU3 was this morning struggling to hold the $6,700 level, a chart area last breached in early April.Copper has been cau...Read More
The latest news and price moves to start the Asian day on Thursday June 28.Base metals prices on the London Metal Exchange ended mostly lower at the close of trading on Wednesday June 27, with tin leading the charge with a more than 2% decline. Read more in our live futures report.Here are how prices looked at the close of trading:Comex copper prices were once again facing a bout of selling,...Read More
Steel and aluminium purchasers in the United States who feel cheated by the Section 232 tariffs should take the matter up with President Donald Trump, who likely would be sympathetic, according to a trade attorney who represents domestic producers.Alan Price, a partner at Washington law firm Wiley Rein LLP, urged downstream buyers to ask the president to erect import barriers for their products to...Read More
A lingering LME backwardation added further downward pressure to Shanghai and Taiwan zinc premiums in the latest pricing session on Tuesday June 26. Backwardation in LME zinc's cash/three-month spread widened to $47.25 per tonne on Wednesday. US rates were unchanged, but the logistics and freight market were characterized as nightmarish. Lead demand remains strong in Asia, particularl...Read More
RAPAPORT... Alrosa's shareholders elected a new supervisory board at thecompany's annual general meeting Tuesday. The role of the 15-person supervisory board is to exercisegeneral control over the miner's operations. Its members include CEO SergeyIvanov, as well as politicians such as Anton Siluanov, Russia's ministerof finance. The Russian state and regional governments own about 66% of Alrosa. B...Read More
RAPAPORT... Rapaport Academy has created two online courses to helpretailers improve their marketing and sales. The e-learning platform launched the new programs inresponse to retailers' requests for extra resources to help their online andin-store activities, it said Wednesday. Digital Marketing Essentials forJewelers teaches retail-store owners how to use online marketing to boost theirbusiness...Read More
RAPAPORT... Pallinghurst Resources has changed its name to GemfieldsGroup as it turns its primary focus to colored gemstones. The group's shareholders overwhelmingly voted in favor ofthe change at its annual general meeting Tuesday. It will use the new name onthe Johannesburg Stock Exchange beginning July 11. The company, which also extracts platinum-group metals and manganese, pursued the name ch...Read More
Comex copper prices were once again facing a bout of selling with a stronger dollar and the persistent threat of additional tariffs weighing on the red metal. Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 1.50 cents or 0.5% to $2.9770 per lb. The With trade tensions mounting, commodities continue to face pressure from macroeconomic instability, ty...Read More
RAPAPORT... The Kimberley Process (KP) has agreed to shorten the amountof time it takes to clear diamond exports from the Central African Republic(CAR) to one week.The KP monitoring team that polices CAR's exports made thedecision following the KP intersessional meeting in Antwerp last week, thenation's ambassador to Belgium said Tuesday. Approval of shipments previouslytook two weeks.The global s...Read More