Gold price falls most in two years on jobs data, China buying pause
After surging to a record above $2,450 an ounce, bullion has traded in a fairly narrow range amid the uncertainty over the Fed’s rate trajectory.
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Hedge funds Andurand and Rokos took big copper bets before spike
The trades are part of a broader deluge of investment into the copper market, with the value of long positions held by fund managers in London and New York futures tripling this year.
American Creek shares soar on Cunningham’s 20% Treaty Creek buy bid
Treaty Creek, in the Golden Triangle region of northwest British Columbia, is a joint venture project with Tudor Gold and Teuton Resources.
Indonesia issues annual nickel ore quota of 240mt for 3 years
The quota issued should be enough, as nickel ore consumption last year was below this, its energy and mineral resources minister said.
Fireweed Metals gets $34 million Lundin-backed financing for Yukon Territory exploration
The Macpass project is hailed as one of the world's largest undeveloped zinc resources.
Zambia sees KoBold spending $2.3 billion on giant copper mine
The Bill Gates-backed company aims to produce more than 300,000 metric tons per year at Mingomba.
Iron ore extends gain on easing China demand concern, Fed rate cut bets
China's iron ore imports in the first five months reached 513.75 million tons, a year-on-year rise of 7%.
Sibanye loosens debt covenants to boost cash amid lower prices
The miner said on Friday that all of its lenders have agreed to raise the debt threshold on all facilities.
China May rare earth exports jump 36% y/y on restocking
China accounts for 70% of rare earths mining globally and 90% of refined output.
