Metals and Minerals

18.06.2021

Bullion bites dust on US Fed hawkish turn

Gold slipped below the $1,800 level on Thursday, after the Federal Reserve signalled earlier-than-expected interest rate increases.

Spot gold fell 0.8% to $1,797.25 per ounce by 1124 GMT, having touched its lowest since May 6 at $1,794.19.

U.S. gold futures fell 3.3% to $1,799.80 per ounce.

A majority of 11 Fed officials projected...

Gold slipped below the $1,800 level on Thursday, after the Federal Reserve signalled earlier-than-expected interest rate increases.

Spot gold fell 0.8% to $1,797.25 per ounce by 1124 GMT, having touched its lowest since May 6 at $1,794.19.

U.S. gold futures fell 3.3% to $1,799.80 per ounce.

A majority of 11 Fed officials projected...

18.06.2021

Non-ferrous base markets down on US Fed offensive

Copper prices fell to their lowest in two months on Thursday after the U.S. Federal Reserve brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.

Prices have also been weighed down by top consumer China's plans to release industrial metals from its national...

Copper prices fell to their lowest in two months on Thursday after the U.S. Federal Reserve brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.

Prices have also been weighed down by top consumer China's plans to release industrial metals from its national...

17.06.2021

Kazakh mega-miner KAZ Minerals goes private in $6 billion deal

Nova Resources B.V. (Bidco), a company indirectly owned by Oleg Novachuk and Vladimir Kim, announced that its recommended increased cash offer for the entire issued and to be issued share capital of KAZ Minerals Limited, a senior copper producer based in Kazakhstan, had been declared unconditional in all respects.

Therefore, Bidco...

Nova Resources B.V. (Bidco), a company indirectly owned by Oleg Novachuk and Vladimir Kim, announced that its recommended increased cash offer for the entire issued and to be issued share capital of KAZ Minerals Limited, a senior copper producer based in Kazakhstan, had been declared unconditional in all respects.

Therefore, Bidco...

17.06.2021

Silver, palladium up as bullion holds position

Gold prices traded in a tight range on Wednesday as the possibility that the Federal Reserve may hint at an early tapering of its bond-buying support for the U.S. economy set a cautious tone in the market.

Spot gold was little changed at $1,860.21 per ounce at 10:01 a.m. EDT (1401...

Gold prices traded in a tight range on Wednesday as the possibility that the Federal Reserve may hint at an early tapering of its bond-buying support for the U.S. economy set a cautious tone in the market.

Spot gold was little changed at $1,860.21 per ounce at 10:01 a.m. EDT (1401...

17.06.2021

Non-ferrous base metals continue downward spiral on China sell-out concerns

Copper prices extended their downturn on Wednesday, touching the lowest in over seven weeks after top metals consumer China confirmed rumours it would liquidate some of its stockpiles.

Weak economic data from China, which accounts for about half of global copper demand, added pressure to the market as factory output and...

Copper prices extended their downturn on Wednesday, touching the lowest in over seven weeks after top metals consumer China confirmed rumours it would liquidate some of its stockpiles.

Weak economic data from China, which accounts for about half of global copper demand, added pressure to the market as factory output and...


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