Copper price falls on recession fears, China covid-19 curbs
A sharp increase in ShFE copper inventories also dented sentiment.
Latest Stories
Probe Metals finds ‘remarkable consistency’ at Val-d’Or gold project’s Monique
Highlights from the results of 45 new holes showed continued strike and depth expansion with significant gold intercepts along the Monique gold zones.
Codelco sets record benchmark copper premium for Europe, sources say
The world's biggest copper miner has agreed a record benchmark premium for European buyers at $234 a tonne for 2023, up 83% from this year.
Sasol, ArcelorMittal to jointly explore green hydrogen, carbon capture projects
Sasol is the world's biggest producer of fuel products and chemicals from coal, but is transitioning away from the fossil fuel.
Gold price pares gains with focus on rates outlook and recession risks
Bullion has had a wild ride this year, tumbling almost 20% since a March peak as the Federal Reserve aggressively tightened monetary policy.
India’s festival gold sales to shine less brightly this year
Demand for gold jewelry, coins and bars typically peaks in the world’s second-biggest consumer over October to December.
Mayfair Gold expands resources at Fenn-Gib deposit in Ontario
Fenn-Gib now hosts a pit-constrained indicated resource of 118.1 million tonnes at 0.81 g/t for 3.06 million oz. of contained gold, representing a 47% increase over the previous estimate.
Bankers told they can ignore binding fossil-finance restrictions
Efforts to reassure bankers that they can continue to finance oil, gas and even coal, come less than a month before the COP27 climate summit in Egypt.
Sumitomo Metal sees global nickel market staying in deficit next year
The global nickel market is expected to remain in deficit for a third straight year in 2023 on solid demand for battery, chip-making equipment and oil-well tubular.
