Zinc hit its highest in more than a decade on Friday as concerns over market tightness persisted, while copper hit a two-week low as Chinese investor interest was muted with the Lunar New Year holidays looming.
Zinc Mining News
The approval of the supreme decree 042-2017 in December might generate more unrest.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
Investments grew by 54.8% compared to the same month of 2016.
Chinese supply-side reforms, environmental cuts translate into higher prices and less Chinese production, "both of which benefit ex-China producers."
Fulp shares how to be selective in buying particular issuers within specific date range that have produced fairly consistent returns ranging from 10% to 50%!
The town of Broken Hill, New South Wales, will have something to shout about in the new year.
Between 1964 and 1987 the Pine Point mine, operated by Cominco, produced 64 million tonnes grading 7% zinc and 3.1% lead.
Ninth gain puts red metal on longest winning streak since 2004.
Two exploration companies with assets spanning gold in India to zinc in Ireland to list their shares on London's Alternative Investment Market on Thursday.
Domestic iron ore mines are also humming.
Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.
Glencore can't take full credit for bull surge of last 2 years but its curtailments acted as powerful accelerator to structural shift toward supply deficit.
Uniquely among its peers, Glencore derives a substantial slice of its earnings from trading commodities, rather than producing them.
Base metals were hot this year with zinc, copper and aluminum among leaders, climbing between 15% and 23%. What about 2018? Analysts say China will know.
Top zinc producer Glencore's total output to dip next year despite restarting its Australian mine.
Glencore said on Tuesday it expected zinc output to fall slightly in 2018 to around 1.09 million tonnes versus 1.1 million tonnes this year.
The company also confirmed its 2018 dividend policy would include a fixed dividend of $1bn and said it would reactivate idled capacity "when appropriate".
Sunday was a proud day for Aboriginal people in Australia's Northern Territory, with the opening of a new bauxite mine.
In six months sulphide miners in Wisconsin could be back in business.
BaseCore Metals will be independently operated and have its own board of directors.
After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.
The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.
Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.
Precious, base and energy metals are all benefiting from the commodity supercycle, says Louis James, editor of International Speculator