Copper price: Emptying warehouses spark red hot streak
The copper price has defied all predictions of a steep decline this year and is now honing in on 4-month high after the longest rally since 2005.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Cayden hits best Mexico grades yet
The Peña de Oro target at the Vancouver junior's El Barqueño property in Mexico intercepts 45 meters of 4.06 g/t Au with 0.39% Cu and 19 meters of 4.98 g/t Au with 0.26% Cu,
Anglo American not interested in Simandou north
Diversified giant Anglo American won't be bidding for the one of the greatest iron ore prizes anywhere in the world.
China finds massive hole in $80bn gold financing industry
Following on the heels of copper and iron ore financing scandals, Beijing uncovers fraud in gold-backed loan industry dating back more than two years.
CHARTS: Gold price entering make or break territory
Was last Thursday's $50 surge in frenzied trading just a blip?
There’s no budging these gold price bears
"Any price level above $1,300 per ounce must be viewed as opportunity to sell gold."
ETF sold gold piling up as Chinese imports drop 83%
Swiss customs data for May show delivery from UK gold vaults to Switzerland's refineries jumping 32% to 32 tonnes, just as Chinese buying tanks 83%.
Copper price extends rally after Chinese data, deficit surprise
Seven straight days of gains.
Germans give up on getting back their gold held in US
"The Americans are taking good care of our gold Objectively, there’s absolutely no reason for mistrust."
Iron ore price builds on rally
But Chinese banks are starting to call in iron ore-backed loans to traders holding 38mt, forcing them to dump inventories onto already well-supplied market.
MEGAMINES: Top 10 most capital intensive bulk mining projects
When these stomach-churning capital outlays start to produce returns, they do so in spades and over generations.
