USDX: Trick or treat, looks like an early Halloween
With gold, silver and mining stocks benefiting from the USD Index’s recent struggles, a coven is gathering, and it will likely torch the precious metals over the medium term.
Latest Stories
Ivanhoe’s Congo copper JV inks 10-year processing deal with nearby smelter
The processing deal will account for just under 40% of the total volumes of concentrates produced by Phase 1.
Mining industry to continue flying high through 2022 – report
Capex budgets are on the rise after major mining companies were able to weather the covid-19 pandemic.
Nickel price: Fitch upgrades forecast on long-term uptrend
Rising near-term supplies are the primary driver for a bearish 2021 price outlook.
Chile’s Codelco, Escondida copper mines saw production drops in April
Codelco copper mine's production fell 0.5% year on year to 132,700 tonnes in April.
Botswana’s Khoemacau copper mine aims to start production this month
It will be the only operational one in the diamond-rich country after two other copper mines were placed under liquidation.
Orezone enters clean energy supply deal for Bomboré project
Bomboré will be the first mine in Burkina Faso to use LNG to power its operations.
Copper price down as China premium falls to 5-year low
Yangshan copper premium fell to $30.50 a tonne, its lowest since February 2016, indicating weakening demand for imported metal into China.
State diamond miner in Zimbabwe sees output rising 30% this year
Zimbabwe Consolidated Diamond Co.’s mines produced 2.3 million carats worth of diamonds in 2020 and mostly sold them to India and the Middle East.