November 11, 2024

Top gold ETF sees largest weekly outflow since 2022 on Trump win

SPDR Gold Shares (GLD) saw an outflow of over $1 billion, the largest weekly fund outflow since July 2022.

November 11, 2024

Ascot Resources seeks TSX exemption for $37 million financing

The funds will be used by Ascot to resuscitate its Premier gold project in British Columbia’s Golden Triangle.

November 11, 2024

Copper price, stocks are being hammered as Trump tariff, China worries mount

“Though commodities are often seen as an inflation hedge, in this instance – where inflation is neither driven by strong demand growth nor a negative commodity supply shock – they…

November 11, 2024

Hindalco beats Q2 profit view on higher aluminum prices

The benchmark aluminum and copper prices on the LME rose 20% and 24%, respectively, from the second quarter of last year.

November 11, 2024

Column: Copper views Trump win through Chinese lens

Donald Trump's win has not sparked a repeat of the explosive copper rally which followed his unexpected victory in 2016.

November 11, 2024

Codelco offers copper to Chinese clients at a premium of $89/t

The copper premium, a fee on top of the London Metal Exchange prices charged to buyers, is a demand indicator for the metal widely used in power networks.

November 11, 2024

Australian iron ore giants’ shares sink on disappointing China stimulus

Analysts at Citi last week forecast a grim near-term outlook for iron ore prices, expecting iron ore to average $85 per tonne in 2026.

November 11, 2024

Suitors circle American Eagle Gold as South32 takes 19.9% stake

To gain its initial stake in American Eagle, South32 has agreed to pay a 15% premium to the junior’s 5-day volume-weighted average trading price.

November 10, 2024

Iron ore price drops back to $100 as China’s latest fix disappoints

Futures declined as much as 2% in Singapore after slumping on Friday, when the Chinese government unveiled a debt-swap plan.

November 9, 2024

Barrick falls behind rivals as No. 2 miner misses boost from bullion boom

Missed production targets, higher operational costs and political turbulence at mines in Africa and Asia have investors turning increasingly sour on the world’s second-biggest gold producer.