LME WEEK: Trump’s copper tariff threat still a lucrative bet for traders
The premium for copper on COMEX has fallen to $600 a ton, a level traders say is still high enough to make a lucrative profit.
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Copper price falls as traders weigh US-China tariff truce
Traders are also closely monitoring potential new US import tariffs on copper.
China gold imports surge to 11-month high despite record prices
The rise in imports is likely due to the People’s Bank of China allocating fresh quotas to some commercial banks in April.
Indonesian coal shipments to China slide amid new benchmark push
Domestic prices are at four-year lows, cutting into profit for imported coal.
US battery maker Clarios to build $1B critical minerals plant
Clarios is owned by global investment firm Brookfield and has 16 manufacturing and distribution centers across the US.
Newcore drilling reveals growth potential at Enchi project in Ghana
Newcore’s 35,000-metre drill program aims to convert inferred resources to indicated before a pre-feasibility study.
AbraSilver rises on ‘best-ever’ gold hit at Diablillos project in Argentina
Drilling from 88 metres depth at the Oculto deposit returned 6 metres at 41.9 grams gold and 22 grams silver.
Dundee in talks to acquire Adriatic Metals for $935M
Under UK takeover rules, Dundee Precious Metals has until June 17 to make a formal offer for the UK-based miner or walk away.
Earthquake forces temporary shutdown of Ivanhoe’s underground mine in DRC
Ivanhoe Mines' stock sank nearly 9% in the morning session on the news.