Iron ore price jumps on hopes of recovering steel production in China
"Expectation on resuming steel production and restocking demand before Chinese holidays could shore up iron ore prices," said Huatai Futures.
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LME suffered the interruption after a power failure at a third-party data center.
Coal prices in costliest US region fall from 12-year peak
Central Appalachia posted its first price decline since July, falling 6.4% to $86.55 a short tonne for the week ending Jan. 7.
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Barrick Gold also said its Loulo-Gounkoto mining complex had sufficient supplies to continue operating normally,
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LME’s metal trading hit lowest since 2010 despite record prices
Volumes declined for a third year, extending a slump seen in 2020 amid falling industrial output and the closure of its open-outcry pit.
France plans $1.1 billion to safeguard metals for EV batteries
New report calls for spending on “strategic metals” supply that could include investment in mines.
