Iron ore price set for biggest weekly drop since February on covid restrictions
Iron ore has fallen around a quarter from this year’s peak in early March as covid restrictions spread.
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Much to gold’s dissatisfaction, the USDX seems unstoppable
The USDX and the precious metals market are like reverse images.
Nickel tycoon has cut big short position by more than half
Xiang Guangda bought contracts in the market to reduce his short bet by about 10,000 lots, or 60,000 tonnes, mainly in the last two weeks.
Gold Miners’ Q1 2022 fundamentals
Gold-mining profitability last quarter was among the highest on record, and ought to improve further as this year marches on.
Discovery Silver drills 234 g/t Ag over 18 metres below open pit at Cordero
The latest drilling at Cordero continued to intercept high grades in and around the open pit defined in the 2021 preliminary economic assessment.
Billionaire eyes Washington’s last coal plant for green hydrogen
Fortescue is considering building a green hydrogen facility near Washington State’s last operating coal-fired power station.
Column: China lifts metals exports as Western supply chains buckle
The current highly unusual flow of Chinese unwrought aluminum to Europe attests to the extreme dislocation in global supply chains, writes Andy Home.
Aluminum price rises on low supply as base metals end fear-filled week
“Overall in the short term, industrial metals will still remain under heavy pressure,” said the ING Bank.
Nornickel is first Russian firm to get OK to keep listing abroad
The approval has been needed since President Vladimir Putin April signed a bill requiring Russian companies to delist their depositary receipts abroad.
