Column: Base metals start the new year with depleted inventory
The LME global warehouse network held 654,345 tonnes of metal at the end of December, less than half the tonnage registered at the close of 2021.
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LME data entry error showed copper price down 77% in latest glitch
While the final price in the trading ring was set at $9,130 a ton, the LME’s external data feed showed a price of $2,130.
Gold price above $1,900 on prospects of slower Fed rate hikes
Data on Thursday showed that US consumer prices fell for the first time in more than 2-1/2 years in December.
Copper price down after rapid rally
Copper prices paused their rally on Friday but were set to end the week with a 6.6% gain.
Dalian iron ore hits 17-month high on China demand optimism
Global supply concerns are also boosting iron ore prices.
Taseko gets $25 million loan to build processing plant at Florence Copper
The funding will be available for drawdown upon Florence Copper receiving the final underground injection control permit from the EPA.
Indonesia details plans to limit development of nickel smelters
Country will limit construction of nickel smelters to ensure new plants produce high-value products and follow green principles.
Copper exporters to benefit from China reopening, AllianceBernstein says
Global markets have yet to price in fully the reopening of China and copper exporters are set to benefit from it.
Indian gold prices hit record high, dampening demand
Local gold futures rose to 56,245 rupees per 10 grams, surpassing the previous record of 56,191 rupees hit in August 2020.
