November 18, 2024

China’s bid to rein in exports roils aluminum stocks and prices

China’s cancellation of tax relief on exports has left the aluminum industry scrambling to assess the impact on supply flows.

November 18, 2024

Gold price rebounds 2% as Goldman reiterates $3,000 target

Bullion has declined about 7% from a record last month, with losses accelerating after Trump’s victory.

November 18, 2024

Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes

Analysts say near-term demand for iron ore remain strong, supporting prices.

November 18, 2024

Newmont sells Ontario gold mine to Orla for $850 million

The addition of the Musselwhite mine to its portfolio more than doubles Orla Mining's gold output to 300,000 ounces per year. 

November 17, 2024

BHP warns Australian mining not ready for low-cost competitors

The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said.

November 17, 2024

Aluminum price to average 6% higher in 2024, says Fitch Group’s BMI

Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations.

November 17, 2024

Gold loses some luster after Trump’s decisive win

Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.

November 15, 2024

Hedge funds slash bullish wagers on gold over Trump election win

Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.

November 15, 2024

Russia takes aim at US nuclear power by throttling uranium

Limits creates potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity.

November 15, 2024

Gold miners’ Q3 2024 fundamentals

Thanks to record gold prices, major miners achieved record revenues, record bottom-line earnings, and record operating cash flows.