Copper producers could risk losing ground to substitute materials if they prove unable to meet rising demand over the next decade, an analyst has warned at the World Copper Conference in Santiago.Tom Azzopardi in Santiago Copper substitution threat rising, says CRU analyst11 APRIL 201811/04/2018commentsshare Vanessa Davidson, CRU's director of copper research and strategy, said that copper prices...Read More
South American's lithium triangle is likely to be the chief source of the sought-after mineral over the next decade, Daniela Desormeaux, head of Chilean consultancy SignumBox, told the International Mining Exploration Forum in Santiago.Tom Azzopardi in Santiago Lithium Triangle competing with hard-rock deposits in Australia and elsewhere for new investment11 APRIL 201811/04/2018commentsshare Altho...Read More
Chile's state copper company Codelco is pushing ahead with plans to thin the workforce despite sharp union opposition at its Chuquicamata operation as it converts from openpit to underground mining, CEO Nelson Pizarro says.Tom Azzopardi in Santiago The giant Chuquicamata openpit mine in Chile11 APRIL 201811/04/2018commentsshare "This is a difficult process to assimilate but it is unavoidable," the...Read More
Here Are 3 Things To Know About Markets Right Now Chinese President Xi Jinping pledged a more open China and promised a decrease on tariffs on imported cars, carmakers including Daimler AG (DMLRY) and BMW AG (BMWYY) rose in Germany while Ford Motor Co. (F) , General Motors Co. (GM) and Tesla Inc. (TSLA) rose in Tuesday pre-market trading. Dow futures are pointing to a more than 3...Read More
Investing.com - Gold was higher on Tuesday, driven by a weaker U.S. dollar and geopolitical tensions in Syria.The price of the precious metal rose as the greenback reached a two-week low. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.25% to 89.31 as of 10:52 AM ET (14:52 GMT).Comex gold futures for June delivery rose 0.21%...Read More
(Adds details)BENGALURU, April 10 (Reuters) - Vedanta Resources Plc VED.L said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in the South Indian town of Thootukudi was rejected by the state pollution regulator.The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi, wh...Read More
Investing.com - Gold prices held steady on Tuesday as the dollar remained little changed against a currency basket as fears over a possible trade war between the U.S. and China eased after Chinese President Xi Jinping promised to lower import tariffs.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were trading at $1,339.50 a troy ounce by 04:53 AM ET (08:53...Read More
April 10 (Reuters) - Vedanta Resources Plc VED.L said on Tuesday its application to renew operations at a copper smelting plant in the South Indian town of Thootukudi was rejected.The rejection comes amid almost daily protests by the people of Thootukudi against Vedanta's plans to increase the capacity of the smelter, one of India's largest, to 800,000 tonnes per year.Vedanta said the applicatio...Read More
Vanessa Davidson, CRU's director of copper research and strategy, said that copper prices could reach new record highs given the apparent shortage of copper projects set to enter production over the coming years.Read More
Although projects in lithium hard-rock lithium mines, most notably in Australia, have driven the increase in production in recent years, the more competitive costs offered by production from brines and changing legal frameworks should combine to make Argentina, Bolivia and Chile the most attractive destinations for investment over the next decade.Read More
"This is a difficult process to assimilate but it is unavoidable," the veteran executive told press at the World Copper Conference in Santiago, Chile.Read More
The latest news and price moves to start the Asian day on Wednesday April 11.Base metals prices on the London Metal Exchange continued to climb at...Read More
Investing.com – Gold prices slipped on Tuesday as the dollar recovered from an overnight plunged amid reports of FBI raiding the office of U.S. president Trump’s lawyer.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange slipped $2.30, or 0.17%, to $1,337.8 a troy ounce by 11:56AM ET (03:56 GMT).The U.S. dollar index that tracks the greenback agains...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery gained $2.09 to $65.51 on the New York Merc, while Brent for June gained $2.39 to $71.04 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to WTI ($4...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a mediocre 73-81-140. The TSX Venture Exchange rose 10 points to 776 while polished diamond prices edged higher. Quentin Yarie's Honey Badger Exploration Inc. (TUF) hit an intraday hi...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold rose $4.30 to $1,340.00 on Tuesday. The TSX Venture Exchange rose 10.68 points to 776.14 while the TSX Gold Index rose 0.42 point to 184.53. Most Canadian gold miners moved little again today. Kinross Gold Corp. (K)...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 10.68 points to 776.14 Tuesday. Rudy Cheddie has filed a final prospectus to list his first capital pool shell, Cherry Street Capital Inc. It is selling a $525,000 to $750,000 initial public offering at...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellLawyers for John Edwards, the only person in jail for the massive CMKM Diamonds Inc. fraud, have asked the judge to release their client. They say that Mr. Edwards is in poor health, both mentally and physically. They also say that they are negotiatin...Read More
The latest news and price moves to start the Asian day on Wednesday April 11.Base metals prices on the London Metal Exchange continued to climb at...Read More
Manama, capital of Bahrain, could host the 2019 World Jewellery Confederation CIBJO Congress.During a visit to the kingdom, the president of the self-described "United Nations of the jewelry business," Gaetano Cavalieri, met with Yaser Alsharifi, chairman of DANAT, the Bahrain Institute for Pearls & Gemstones, who brought up the idea of the new location for the next year's meeting. Hosting su...Read More