SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
The Turkish government has withdrawn its reserves of gold from the Federal Reserve. Erdogan clearly is positioning himself to be able to seek its own power that will be contrary to international policy. Erdogan is one of those politicians who still think in the old days of Empire. As a member of NATO, he has constantly been threatening Greece. So what happens if we see a war between two NATO mem...Read More
Global billet prices moved in different directions during the week ended Friday May 4, with limited supply and improved demand pushing prices up for Southeast Asia's imports, China's domestic market and Turkey's exports.On the other hand, poor demand and market uncertainty led to stable or falling export prices in the Middle East and CIS regions.AsiaSoutheast Asia's billet import prices moved up f...Read More
An earlier version of this column included an incorrect count on the number of weekly losses. Gold futures have now posted declines for three weeks in a row. Shutterstock Gold futures settled with a modest gain, following mixed trading on Friday, but tallied a loss for a third week in a row as investors showed a lukewarm reaction to the monthly U.S. jobs report. The data came in a bit softer than...Read More
With both its 100%-owned projects demonstrating attractive metrics and each located in a top-tier mining jurisdiction, White Rock Minerals MD and CEO Matthew Gill used the analogy of being supposed to love your children equally when asked to pick the project taking precedence, but said the key focus right now was to unlock the Alaskan zinc potential."In a commercial world, you need to respond to w...Read More
Managing director and CEO Archie Koimtsidis describes Namdini as one of the world's major recent gold discoveries.The company released the encouraging preliminary economic assessment (PEA) for Namdini earlier in February and expects to continue to generate positive news flow in the coming months from an imminent resource update, its ongoing drill campaign, metallurgical optimisation work and green...Read More
Gold just ended its third straight week in the red as investors rediscovered their love for a different safe-haven asset: the U.S. dollar. The yellow metal will find favor again, says Bank of America Merrill Lynch technical strategist Paul Ciana.Read full newsRead More
Gold just ended its third straight week in the red as investors rediscovered their love for a different safe-haven asset: the U.S. dollar. The yellow metal will find favor again, says Bank of America Merrill Lynch technical strategist Paul Ciana.Read full newsRead More
Mine operator Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died.Read full newsRead More
Four workers trapped underground after an earth tremor at a Sibanye Gold Ltd. mine in South Africa have died, bringing the number of people killed at the company's operations this year to at least 10.Read full newsRead More
A mining company in South Africa says seven workers died and six were rescued after an earth tremor caused a rock fall at a gold mine.Read full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Rescue teams have yet to reach three miners who were trapped underground after an earth tremor at a Sibanye Gold Ltd. mine in South Africa triggered a cave-in that killed at least four people.Read full newsRead More
A mining company in South Africa says four workers have died and two others are missing after an earth tremor caused a rockfall at a gold mine.Read full newsRead More
State energy giant Qatar Petroleum said on Sunday that it will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.The joint venture, in which Norway's Norsk Hydro owns 50 percent, is expected to be listed on the Qatar Exchange during the last quarter of this year after the necessary approvals.The move is part of the country's plan to "increase the p...Read More
Kejuan Frazier and Andrew Strzelecki were event champions on the first day of the MIAA Outdoor Track & Field ChampionshipRead full newsRead More
Mine operator Sibanye-Stillwater said five of 13 miners trapped underground in a South African gold mine were rescued but one of the five had died.Read full newsRead More
Four workers trapped underground after an earth tremor at a Sibanye Gold Ltd. mine in South Africa have died, bringing the number of people killed at the company's operations this year to at least 10.Read full newsRead More