Iron ore price lowest in 11 months on supply pressures, weakening demand
Iron ore prices dipped on Wednesday after BHP reported higher quarterly output of the steelmaking ingredient, adding to supply-side pressures.
Latest Stories
Gold price at 3-week low as UK inflation jumps again
“The market continues to be quite worried about aggressive Federal Reserve monetary tightening,” analyst said.
LME copper stocks plunge again as metal heads to China
The amount of available copper in the London Metal Exchange's warehouse network has halved over the last eight days.
Biden awards $2.8 billion to boost US minerals output for EV batteries
Albemarle and Piedmont are among the 20 manufacturing and processing companies winning US Energy Department grants.
Equinox confirms path to extend Los Filos mine life to 2036 with new feasibility study
Total LOM production is estimated at 3.97 million oz. of gold, peaking during 2025-2030 at average production of 360,000 oz. per year.
Glencore delivers Russian-origin aluminum into LME system
Stocks of aluminum in LME warehouses jumped 65,825 tonnes to 433,025 tonnes on Friday.
Covid in China’s coal hubs crimps supply as winter demand looms
China’s two biggest coal-producing regions have been hit by virus flare-ups and lockdowns that are disrupting supplies and boosting prices.
China may buy more Russian copper to blunt expected premium hike
Premiums of physical copper sales to China in 2023 are expected to rise to between $150 to $210 per tonne over the benchmark London Metal Exchange price.
Indonesia tells tin industry to be prepared for an export ban
Metals such as nickel have already seen an export ban.