Metals and Minerals

13.04.2021

Bullion & peers depreciate, only palladium up

Gold fell on Monday as an uptick in U.S. Treasury yields dimmed bullion's appeal, while investors awaited key U.S. inflation and retail sales data for cues on economic health.

Spot gold was 0.6% down at $1,733.40 an ounce by 10:26 a.m. EDT (1426 GMT). U.S. gold futures eased 0.6% to $1,734.20.

"The...

Gold fell on Monday as an uptick in U.S. Treasury yields dimmed bullion's appeal, while investors awaited key U.S. inflation and retail sales data for cues on economic health.

Spot gold was 0.6% down at $1,733.40 an ounce by 10:26 a.m. EDT (1426 GMT). U.S. gold futures eased 0.6% to $1,734.20.

"The...

13.04.2021

Base metal markets mixed as copper retreats

Copper prices slipped on Monday on worries that top metals consumer China wants to put a lid on surging commodity prices to head off potential inflation.

Concern about faltering demand and rising copper inventories also weighed on the market.

Benchmark copper on the London Metal Exchange (LME) shed 0.4% to $8,893.50 a...

Copper prices slipped on Monday on worries that top metals consumer China wants to put a lid on surging commodity prices to head off potential inflation.

Concern about faltering demand and rising copper inventories also weighed on the market.

Benchmark copper on the London Metal Exchange (LME) shed 0.4% to $8,893.50 a...

12.04.2021

Kaz Minerals takeover by Nova becomes unconditional

Kaz Minerals PLC - London-based copper company - Nova Resources BV, the investment vehicle of Kaz Minerals PLC Chair Oleg Novachuk, declares its final increased offer unconditional as to acceptances.

The takeover offer was raised at the end of March to 850 pence per share, plus a 27 US cents special dividend, valuing...

Kaz Minerals PLC - London-based copper company - Nova Resources BV, the investment vehicle of Kaz Minerals PLC Chair Oleg Novachuk, declares its final increased offer unconditional as to acceptances.

The takeover offer was raised at the end of March to 850 pence per share, plus a 27 US cents special dividend, valuing...

12.04.2021

Eurasian Resources Group volunteers donate 4,363 food kits

In total, ERG enterprises will transfer about 11,000 food baskets to needy Kazakhstanis living in the regions of the Group's presence, including the Kostanay, Pavlodar, Karaganda, Aktobe regions and Shymkent.

Food sets are given to families raising children with special needs, who find themselves in a difficult financial situation, and lonely...

In total, ERG enterprises will transfer about 11,000 food baskets to needy Kazakhstanis living in the regions of the Group's presence, including the Kostanay, Pavlodar, Karaganda, Aktobe regions and Shymkent.

Food sets are given to families raising children with special needs, who find themselves in a difficult financial situation, and lonely...

12.04.2021

Bullion hangs between bulls and bears

Gold slipped more than 1% on Friday, weighed down by a jump in U.S. Treasury yields and a rebound in the dollar, but bullion was still on course for its first weekly gain in three weeks.

Spot gold fell 0.7% to $1,743.73 per ounce by 11:16 a.m. EDT (1516 GMT), after...

Gold slipped more than 1% on Friday, weighed down by a jump in U.S. Treasury yields and a rebound in the dollar, but bullion was still on course for its first weekly gain in three weeks.

Spot gold fell 0.7% to $1,743.73 per ounce by 11:16 a.m. EDT (1516 GMT), after...


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