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Nickel sets new high, China supports copper
London Metal Exchange nickel hit a new record high, copper approached its seven-month peak and zinc hit a three-month high on Tuesday on concerns about supply disruptions and persistently strong demand, analysts said.
The plan by Peruvian miners to launch a strike on April 30 to demand the country’s president improve pension benefits and eliminate outsourcing, [...]
Mindoro Resources Ltd.: Update From Agata Nickel Laterite Project
Mindoro Resources Ltd. is pleased to provide an update from the Agata nickel laterite project, where five coring drill rigs are in operation. Both limonite and saprolite horizons of the laterite are substantially thicker than anticipated, not only increasing tonnage potential, but also expanding market potential for the higher-value nickel material in the saprolite [...]
Gold futures close lower, but remain above $650
Gold futures ended a volatile session Monday with a modest loss, pressured by uncertainty over global precious-metals demand and falling oil prices.
Even so, gold still managed to finish above the $650-an-ounce level for a fourth session as dollar weakness and declining supplies of the metal provided support.
“Gold seems directionless,” said Kevin Kerr, editor of Global [...]
Under bank sanctions, North Korea looks to gold exports
More than a century after American mining engineers first opened up North Korea’s gold mines, a fortune in gold and other metals and minerals offers the prospect for North Korea to ease the pressures of financial sanctions.
The question, however, is whether North Korea can navigate around a US Treasury order that forbids institutions doing business [...]
Gold slightly lower as dollar firms
Gold futures were slightly lower early Monday, pulled down by a firmer dollar and a yen under pressure on uncertainty that the Bank of Japan will raise rates at its Feb. meeting.
Gold for February delivery was down $2.50 at $633.90 an ounce on the New York Mercantile Exchange. On Friday, the contract rose more than [...]
Global market signals positive, quarterly profit reporting season heats up
As the quarterly earnings reporting season gathers steam, global indicators were positive for North American stock markets early Monday.
Wall Street futures suggested a strong start for regular trading and oil prices headed higher. Key European indexes rose in early action.
Most Asian markets rose, with Hong Kong shares hitting a record high and Japanese stocks advancing [...]
Sumitomo Metal Mining, Sumitomo Corporation Announce Expansion of Peru Copper Concentrate Production at Cerro Verde Mine
Sumitomo Metal Mining Co., Ltd. (TSE:5713) and Sumitomo Corporation (TSE:8053) (SMM and SC collectively referred to herein as “Sumitomo”) jointly announced today the commencement of the production of copper concentrate from the Primary Sulfide Project at Cerro Verde mine in Arequipa, Peru. The approximately 9,500 dry metric tonnes of first shipment of copper concentrate has [...]
Japan’s Stocks Fall, Paced by Commodity Shares; Toyota Drops
Japanese stocks declined for the first day in six, paced by commodity-related shares, after crude oil plummeted to an 18-month low and copper and gold fell. Inpex Holdings Inc. and Mitsubishi Corp. dropped.
Nippon Steel Corp. and JFE Holdings Inc. slid as investors judged recent gain excessive.
Gold futures extend winning streak
Gold futures extended their winning streak in electronic trading Tuesday, with a weaker U.S. dollar helping the precious metal start the new year on firm footing.
Trading on the New York Mercantile Exchange was closed to observe a day of mourning for former president Gerald Ford. Read more. Regular trading will resume Wednesday.
Gold for February delivery [...]
