Gold for December delivery only briefly broke the psychologically important $1,800/oz level on Wednesday and in after hours trade pulled back sharply to trade at $1,770.50.
Gold failed to take advantage of its traditional role as a hedge against inflation and a safe haven in troubled economic times, despite European Union finance ministers failing to make progress on ways to shore up the zone's sagging banks and Italy's deepening credit crisis. Bullion's failure to build on a three-day rally also comes after data out this week showed a quickening in demand from China's consumers who bought a record 56.9 tonnes in September, a sixfold increase year-on-year.
The World Diamond Council (WDC) today announced that its eighth Annual Meeting will take place in Vicenza, Italy from May 13-14, 2012. The event is being hosted by Fiera di Vicenza, one of Italy's leading trade fair operators.
During the conference held recently by SteelOrbis in Rezzato, Mr Giuseppe Pasini chairman of Italian steelmakers association Federacciai illustrated the structural problems that characterize the Italian steel industry, starting from the condition of…
Copper fell on Monday as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices.
Three-month copper on the London Metal Exchange traded at $9, 581 a tonne in official rings , down from the $9,661 close on Friday.
The London Metal Exchange has approved Ravenna as the latest point of good delivery for non domestic LME Steel Billet, with effect from September 16th 2011. The addition of the Italian port will enhance the contract’s warehousing network in Europe, encouraging the steel industry to further utilise the contract. LME Steel Billet is now listed in 12 locations in seven countries.
Energia Minerals Limited (ASX: EMX) notes that a referendum was held in Italy on the 12th and 13th of June 2011 to decide whether to remove laws passed last year to restart a domestic nuclear energy program in the country.
The result of the referendum was that Italian citizens have voted to remove the laws and, accordingly, remove the framework to potentially develop nuclear energy production facilities in Italian territory.
As relief courses through the Eurozone government bond markets at the success of Portugal’s, Spain’s and Italy’s government bond auction, the sharp edge of the crisis appears to go away, for now at least.
The relentless upward movement in EU prices continues. Customers are obliged to accept the new higher third quarter values demanded by local producers. Prices of imported strip into Europe are still increasing this month, although less material is entering the …
US transaction prices continue to shoot up as the substantial hikes, planned by the mills for June deliveries, are implemented. Further sharp increases have been announced by a number of producers for third quarter business. This is despite a generally …
US transaction prices continue to shoot up as the substantial hikes, planned by the mills for June deliveries, are implemented. Further sharp increases have been announced by a number of producers for third quarter business. This is despite a generally …
Formerly it was called Rammer, and everyone in the industry knows the company, at least by name. Also by products it is a household name all over the world and truly one of the leaders in the breaking and demolition …
TEFSA-Group, a Spanish-based designer and manufacturer of liquid/solid separation equipment is expanding its minerals industry presence in North America. TEFSA-USA was a first time exhibitor at the 2007 SME Annual Conference in Denver and has appointed Nortec S.G.S. as its …
WESTPORT, CT, April 15, 2008 – Terex Corporation (NYSE: TEX) today announced that as part of a plan to expand globally, Genie Industries, a leading manufacturer of aerial work platforms and part of the Terex Corporation Aerial Work Platforms (AWP) …
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.