Mineral Resources

Gold rates firmed on Monday, supported by a weak U.S. dollar, as markets awaited Donald Trump's return to the White House and his inauguration speech later on in the day for hints on the effect of his upcoming policies on economy and ratecut outlook. Area gold included 0.1% to $2,704.85 per ounce since 0924 GMT. U.S. gold futures fell 0.1% to $2,747.10, with trading volumes expected to be thin due to the U.S. markets being closed for the Martin Luther King Jr. Day holiday. Donald Trump is due to be sworn in at midday ET (1700 GMT). I think Donald...

Zijin Mining has stopped briefly production at its Buritica cash cow in Colombia after aggressors armed with homemade bombs harmed a crucial power source, the company said on Saturday. The attack happened early Friday when the armed group broke into the site, which is the biggest cash cow in Colombia, located in a rural area of the Antioquia province where roadway blocks and attacks by prohibited miners are regular. No injuries were reported. Zijin attributed the incident to unlawful miners who it said looked for to acquire gold from the mine. High-powered homemade bombs were tossed at our underground facilities,...

The U.S. Department of Energy has finalized a $996 million loan for ioneer's. Rhyolite Ridge lithium project, according to documents reviewed. , a boost of $296 million from an initial. moneying deal and a move focused on improving President Joe Biden's. green energy legacy. Little U.S. production of lithium, an ultralight metal utilized. to make batteries for electrical vehicles and many customer. electronic devices, has left the nation reliant on products from. market leader China, an imbalance that the outbound Biden has. attempted the previous 4 years to balance out. The loan, information of which have not been reported, is...

Saudi Arabia's Manara Minerals is looking for important minerals projects in Zambia to buy, the southern African nation's mines minister Paul Kabuswe informed Reuters on Thursday. Manara and Africa's second-largest copper producer held talks on Wednesday after the signing the previous day of a. memorandum of understanding (MOU) with Saudi Arabia to comply. on exploration for brand-new minerals. They (Manara) are interested, however we do not know which ones. yet, he stated on the sidelines of a mining conference in Riyadh,. adding that a statement on a potential mining deal in between. Zambia and Saudi Arabia is likely this year....

Gold prices rose to a. morethanonemonth high up on Thursday after the current U.S. economic data pushed the Treasury yields even more, following a. soft core inflation reading this week that increased bets for a. more dovish Federal Reserve policy. Area gold got 0.8% to $2,718.00 per ounce since. 9:55 a.m. ET (1455 GMT), hitting its highest considering that Dec. 12. U.S. gold futures rose 1.1% to $2,748.60. Initial claims for state unemployment benefits rose to a. seasonally changed 217,000 for the week ended Jan. 11, the. Labor Department stated on Thursday. A Reuters poll had actually forecast. 210,000 claims....

Futures for Canada's main stock index inched up on Thursday, tracking Wall Street equivalents, as greater gold costs propped up the metal mining sector. March futures on the S&P/ TSX index were up 0.1% at 6.40 a.m. ET (1140 GMT). U.S. stock index futures also ticked up on Thursday, helped by strong quarterly results from Bank of America, while financiers waited for economic information that might use insights into the health of the world's biggest economy. Gold rates increased to a near one-month high and copper costs hit a five-week peak, supported by a time out in dollar's rally. Renewed...

Codelco pushed difficult to lift its copper production from a 25yearlow at the end of 2024, however union workers and analysts question whether its tactics are sustainable as it targets annual output of 1.7 million metric lots by the end of the years. Codelco's production reached 1.328 million loads in 2024, at the low end of its target range and just about 3,500 tons greater than the quarter-century low in 2023, an internal document seen revealed. Four employees spoken with said the world's largest copper producer had shortened downtime, altered shift schedules and heightened production targets while postponing some required...

Copper manufacturer Codelco pushed hard at the end of last year to raise yearly output a little from a 25-year-low in 2023, however union workers and analysts said the strategies used were unsustainable as the company strives for annual production of 1.7 million metric tons by the end of the years. An internal file seen showed Codelco's. production reached 1.328 million tons in 2024, at the low end of. its target variety and practically 3,500 lots greater than the. quarter-century low in 2023. In its second-half push, workers spoke with stated the. world's biggest copper producer reduced downtime, changed. shift...

Gold rates were stable on Thursday after hitting their greatest levels in more than a month, as softer U.S. core inflation information lifted expectations of interest rate cuts, although news of a ceasefire accord between Israel and Hamas capped more gains. Spot gold held its ground at $2,696.30 per ounce, as of 0301 GMT, after hitting its highest point because Dec. 12 previously in the session. U.S. gold futures gained 0.3% to $ 2,725.20. Relieving underlying inflation in the U.S. renewed hopes of a. less limiting Fed policy this year. The core inflation. suddenly slowed, while heading consumer prices showed...

Steelmaker Ternium stated on Wednesday stated that wastewater from a plant in Mexico was not a contaminant, after the country's ecological watchdog Profepa said it had ordered Ternium to momentarily stop the flow of wastewater out of the site. Profepa said Ternium had actually been spilling its wastewater in a. tributary of the Atoyac river without a license, however Ternium said. this was not the case and that the problem with the regulator. was over continuous bureaucratic processes worrying. inconsistencies in the name of the company on licenses. The Atoyac river in central Mexico is one of the. most-polluted rivers...

Gold prices extended gains on Wednesday, as the dollar dipped after U.S. core inflation data was available in softer than anticipated, abating inflation pressures and rekindling expectations that the Federal Reserve's relieving cycle may not be over yet. Spot gold acquired 0.4% to $2,688.19 per ounce by 0915 a.m. ET (1415 GMT). U.S. gold futures were up 1.1% to $ 2,711.40. Omitting volatile food and energy components, core CPI increased 3.2% on an annual basis, compared to an expected 3.3% rise, the U.S. Bureau of Labor Statistics stated on Wednesday. Core CPI was available in a bit listed below expectations....

About 3 metric tons of gold taken by authorities in Mali from Canadian miner Barrick Gold's. LouloGounkoto mining complex is now being held at Malian. stateowned Banque Malienne de Solidarite (BMS), two sources. told Reuters. Reuters reported on Monday that, in an escalation of their. long-running dispute with the company, Malian authorities had. seized gold worth $245 million to be transferred to BMS in the. capital Bamako. Barrick on Tuesday verified it had actually suspended operations in. the West African country which the federal government had moved gold. stock from the miner's Loulo-Gounkoto site to an unnamed bank. Eyewitnesses at...

China's December deliveries of antimony items recuperated for a second straight month, jumping 113% from November, customizeds data showed on Monday, but flows to the United States stalled after Beijing prohibited exports there in action to Washington's crackdown on China's chip sector. The world's biggest antimony manufacturer, accounting for 48% of worldwide mined supply in 2023, banned exports to the United States of vital minerals consisting of antimony used in military applications such as ammunition, infrared missiles along with in batteries and photovoltaic devices. This followed China imposed export limits on the crucial mineral and its associated aspects from Sept....

China is dealing with a. considerable imbalance between supply and need in its steel. market, the head of statebacked China Iron and Steel. Association (CISA) stated in remarks reported by China. Metallurgical News on Monday. Regardless of China's efforts to control capability growth and. motivate market concentration, these efforts have not. yielded significant results, stated CISA President Yao Lin. Intensifying the issue, some companies continue to increase. production and compete by slashing rates, initiating a vicious. cycle of competition that interrupts market balances, Yao said. This has led to a consistent decrease in the industry's. earnings over the past couple...

Dalian iron ore futures traded flat on Monday as traders weighed the relieving supply issues and lagging steel need against improving market belief in top consumer China. The most-traded May iron ore contract on China's Dalian Product Exchange (DCE) held constant, ending early morning trade at 799.5 yuan ($ 109.29) a metric ton. The benchmark February iron ore on the Singapore Exchange was 0.44% lower at $103.4 a heap. Australia's Port Hedland, the world's biggest iron ore export center, has resumed operations after cyclone Sean moved away from the port, the Pilbara Ports Authority stated. The port was closed on...

Australia's IGO warned of an additional bottom line in its firsthalf results this year on Monday, mentioning a decrease in worth of its distressed Kwinana Lithium Hydroxide Refinery, which is grappling with production delays and a lithium price downturn. The Kwinana facility in Western Australia belongs to the Tianqi Lithium Energy Australia (TLEA) joint venture between IGO and China's Tianqi Lithium, in which the Australian miner holds 49% and the latter holds a 51% stake. Lithium hydroxide, the primary item of the refinery, is a. essential element in electric vehicle batteries. IGO's anticipated impairment on its lithium service begins. the...

Aluminium prices rose on Friday to the greatest in practically eight weeks, while copper hit a. fiveweek high as strong financial information from leading metals consumer. China attracted momentumfollowing funds and reserved. uncertainty over possible U.S. tariffs. Three-month aluminium on the London Metal Exchange. ( LME) was up 1.3% at $2,669.50 per metric heap by 1106 GMT after. striking $2,675.5, its greatest because Nov. 25. China's economy grew 5% in 2015, matching the federal government's. target, however growth was out of balance, led by market and exports. The 2025 outlook for China stays uncertain with possible U.S. tariffs from the...

Iron ore futures ticked up on Friday to head for a weekly rise at fourweekhigh levels as a raft of betterthanexpected information from top customer China buoyed sentiment and China need remained resistant. The most-traded May iron ore contract on China's Dalian Product Exchange (DCE) ended morning trade 1.27%. higher at 800 yuan ($ 109.19) a metric heap, the highest because Dec. 17, 2024. The benchmark February iron ore on the Singapore. Exchange rose 0.31% to $103 a heap, since 0333 GMT, the highest. since Dec. 18, 2024. Both benchmarks published a gain of 6% so far today. China's economy...

China's crude steel output in 2024 moved 1.7% from the previous year to a fiveyear low, official data showed on Friday, hit by a longrunning property market crisis that has depressed need. The world's largest steel manufacturer made 1.005 billion metric lots of unrefined steel in 2015, information from the National Bureau of Stats revealed. Last year will likely mark the final year when crude steel output on the planet's second-largest economy stayed above 1 billion heaps, experts stated. They anticipate that output in 2025 would fall listed below that level. China's steel output has been typically on a sag...

China, the world's. most significant coal consumer, extended its lead in imports over No. 2. buyer India in 2015 to the largest because at least 2013, customizeds. information shows, cementing its hold on worldwide coal markets and. assisting to suppress a slide in rates. International thermal coal costs have pulled away from record highs. hit after Russia's 2022 intrusion of Ukraine, however are 50% greater. than the average during the 2017-19 duration, according to the. International Energy Firm (IEA). China's hunger is triggering prices to remain in the existing. variety. If not, costs will really decrease, Ramli Ahmad,. president director...

Societe Generale , France's thirdbiggest noted bank, is planning a. partial return to gold trading after quitting the bullion. market in 2019, two sources with knowledge of the matter told. Reuters. Societe Generale resigned as a market maker for gold at the. London Bullion Market Association (LBMA) in 2019 as it scaled down. non-prescription (OTC) commodities trading, where offers are done. bilaterally between banks and brokers. The bank prepares to focus on the trading of gold derivatives. just, the sources said, including that it has no strategies to work with a. large team or to end up being the LBMA...

China stated on Thursday it would use provisional responsibilities on imports of industrial plastics from the United States, European Union, Japan and Taiwan after a. monthslong antidumping investigation. The provisional anti-dumping levies on polyacetal copolymers. range from 3.8% to 74.9% depending upon the nation and business. and will commence from January 24, the Commerce Ministry stated in. a declaration. China launched the examination in May, the same week that. U.S. treked tariffs on Chinese electric vehicles and the European. Union introduced a trade examination into certain Chinese steel. imports. The nine-month investigation revealed its findings days. before Donald Trump is...

Prices of iron ore futures climbed on Thursday, supported by minimized deliveries from a major producer and growing expectations of continued rate cuts by the Federal Reserve following coolerthanexpected U.S. inflation information. The most-traded May iron ore agreement on China's Dalian Commodity Exchange (DCE) was up 0.64% at 787 yuan ($ 107.35) a metric lot, as of 0214 GMT. Earlier in the session, the contract touched 792 yuan a lot, its greatest considering that Dec. 18. The benchmark February iron ore on the Singapore Exchange was trading 0.43% higher at $101 a load, as of 0219 GMT. It touched the...

Prices of many base metals rose on Thursday, helped by a weaker dollar as soft U.S. core inflation data raised hopes that the Federal Reserve might cut rates of interest further. The dollar index paused its rally following the release of core consumer rate index information. It was last at 108.98 - a 1.08%. retreat from the 26-month high of 110.17 touched on Monday. A weaker dollar makes greenback-priced products cheaper. for holders of other currencies. Leaving out volatile food and energy parts, core CPI. increased 3.2% on a yearly basis, compared with an expected. 3.3% rise. Traders of interest-rate...