Mining

Investors?bought? the metal at bargain prices on Thursday as they awaited a U.S. inflation data that could shed light on Federal Reserve policy. Gold spot rose 0.5%, to $4,095.64 an ounce, by 0558 GMT. It had fallen as low as $4,022.09 per ounce on November 21, earlier in the day. U.S. Gold Futures for August Delivery were down 0.4% to $4,116.20. Matt Simpson, senior analyst at StoneX, said: "With prices soaring towards $4,000 it's a level of support which could encourage bears to make a quick profit or tempt battered Bulls off the sidelines." The U.S. Dollar Index?failed?to gain much...

Short-covering helped gold prices bounce back from a six-month-low on Thursday as investors awaited the key U.S. Inflation report, which could shed light on Fed policy outlook. Gold spot rose 0.4% by 215 GMT to $4,089.12 an ounce, after having fallen as low as $4,022.09 per ounce on November 21 earlier in the day. U.S. gold contracts for August delivery fell?0.5% to $4,111.10. "With prices hurtling toward $4,000, there's an obvious support level that could prompt bears to book a profit quickly or tempt battered Bulls from the sidelines," said Matt Simpson, a senior analysts at StoneX. The US dollar...

Elliott Investment Management, an activist investor, called on Australia's biggest gold miner Northern Star Resources late on Wednesday to restore shareholder value immediately by re-evaluating its board and conducting a formal strategic assessment. They cited severe underperformance. Elliott Investment Management, an activist investor, announced last week that it had acquired a stake of more than A$1 Billion ($700.80 M) in Northern Star Resources. The investor cited severe underperformance and repeated "operational mistakes", including seven missed outlooks over the past four years and a share value that was vastly below its peers. Elliott's call, which was instrumental in convincing BHP to...

Jim Anderson, the CEO of Coherent, a chipmaker backed by Nvidia in an earnings call early in May, warned about a shortage of Indium Phosphide. A U.S. delegation of businessmen accompanied President Donald Trump to China. Three sources with knowledge of the matter said that Anderson's trip was to highlight the delays in China's licensing for the export of the high-speed optical chip needed in the manufacturing of AI data centres. According to two U.S. officials and a person who was briefed about the talks, the issue was also raised during the Seoul talks between the top 'trade negotiators' of...

On Wednesday, gold?fell?to an 11-week low, as oil prices?rose?on renewed hostilities between Iran and the U.S., fueling concerns about inflation. Gold spot was down 1.7% to $4,191.84 an ounce at 0747 GMT after reaching its lowest level since 23 March. U.S. Gold Futures for August Delivery fell?1.6%, to $4,215.60. Ilya Spivak is the head of global macro at Tastylive. He said, "We are seeing a readjustment in what central banks will do globally, and that there has been a major shift towards hawkishness." After President Donald Trump claimed that Iran had?shot down a U.S. Apache helo in the Strait of?Hormuz,...

As the dollar and oil prices rose on Wednesday due to renewed hostilities between Iran and the U.S., gold fell to an 11-week low, fueling concerns over inflation and interest rates hikes. Gold spot was down 1.9% to $4,181.04 an ounce at 0414 GMT after reaching its lowest level since 23 March. U.S. Gold Futures for August Delivery fell 1.9% to $4204.70. Dollars rose, causing greenback-priced gold to be?more costly for holders of currencies other than the dollar. Oil prices rose 1%, fueling inflation fears and expectations that interest rates will remain high for a longer period. The Federal Reserve's...

The race for Peru's presidency tightened up overnight, with candidates separated by less that 0.1%. Overseas votes are pushing the race to Keiko Fujimori. This is giving markets a boost on Tuesday. The main'stock -index' of Peru jumped more than 7% on Tuesday morning. U.S. listed shares like Buenaventura miner were up 8.2%, Intercorp Financial Services was up 12.9% and the iShares MSCI Peru Global Exposure ETF jumped by 6.7%. The local currency, the sol, was up by 2.45% against the dollar at 3.345. The increase is largely the reversal from a sharp drop on Friday, after leftist Roberto Sanchez,...

On Monday, the leftist Roberto 'Sanchez' was closing in on conservative Keiko?Fujimori in Peru’s presidential race. This sent markets and mining stocks lower as the official counting continued into its second day. Fujimori has lost ground to Sanchez after 93% of the votes have been counted. Sanchez has gained ground in Peru's rural areas as the votes continue to be counted. Sanchez has promised a major overhaul of Peru's economy, which has proven resilient despite the political turmoil in the country. Shares of Peruvian firms listed in the United States are down. Miner Buenaventura dropped 3% while?Credicorp fell 4.8%. Intercorp...

The mining firm Sinda filed for a U.S. IPO on Friday, marking billionaire Thomas Kaplan's'second attempt' to enter the public markets, following Sunshine Silver's listing a 'day earlier', as 'interest in IPOs' rebounded. The filing did not reveal the terms of?the?offering. The U.S. IPO Market exploded in 2026. A variety of sectors were eager to list and take advantage of the excitement among investors for new listings. Elon Musk’s SpaceX will?start trading in New York in what is expected to be the largest IPO ever. Anthropic, a leading AI company, also filed a confidential application to go public last week....

Five sources familiar with the matter have confirmed that 'Cargill' is in discussions to sell its metals division to Macquarie Group, as a global trading house wants to concentrate on its core operations of food and agriculture. The five sources all spoke under condition of anonymity as the sale had not yet been announced. They were also not authorized to speak to media. They didn't disclose any further details about the discussions, which may not result in a deal. Cargill did not respond to requests for comments via phone and email. Macquarie has declined to comment. Cargill's metals unit in...

Gold prices dropped on Friday and were set to?for an overall loss? as tensions in Middle 'East tempered?hopes of a U.S. - Iran peace deal amid fears about rising inflation and rate hikes. As of 0548 GMT, spot gold was down by 0.6%, at $4,445.51 an ounce. The price of gold has dropped about 2% in the last week. U.S. Gold Futures for August Delivery fell by 0.7% to $4471.70. Israel has said that it will not withdraw its troops from Lebanon, despite the rejection of a ceasefire by Hezbollah's?militia. This undermines President Donald Trump’s efforts to stop fighting in...

Gold prices rose more than 1% Thursday, as oil prices fell?on the back of optimism about a possible?end to Iran conflict. This caused the dollar to rise and bond yields to drop. As of 1:41 pm EDT (1741 GMT), spot gold was up by 1% to $4,476.85 an ounce. U.S. Gold Futures for August Delivery settled 0.9% higher at $4,505. Independent metals trader Tai Wong says that reports of a ceasefire agreement between?Israel? and Lebanon? have pushed the dollar and bond yields up, which has helped gold to hold above?the 200-day moving averge. Israel and Lebanon announced late on Wednesday...

The copper price fell to its lowest level in three weeks as the U.S. and Iran continued their attacks. Funds liquidated positions on concerns about rising interest rates, weaker economic growth worldwide, and softer metals demands. The benchmark three-month copper price on the London Metal Exchange fell 0.8% to $13,407 per metric tonne by 0925 GMT. It had earlier reached $13,378, which was its lowest since May 20. On Thursday, the U.S. traded air strikes with Iran for a second day in a row, undermining an already fragile ceasefire. Copper's decline is driven more by macro-headwinds than fundamentals. "Escalating tensions...

A senior South Korean adviser to the president said that the European Union would give maximum consideration to South Korea’s request for favorable?treatment of their?steelmakers, under the new import regime. The request was made by the South Korean president Lee Jae Myung during a Wednesday meeting in Brussels with Antonio Costa, President of the European Council and Ursula von der Leyen, President of European Commission. Kim Yong Beom, a presidential policy advisor, told a press briefing that Lee had asked the EU to "consider" South Korea's status as a strategic?partner and a?partner in a free trade agreement. Kim said that...

Copper prices fell Thursday as oil prices rose and concerns about the global economy grew. By 0700 GMT, the benchmark three-month 'copper price on London Metal Exchange had fallen 0.6% to $13,435 per metric ton. It had hit a new low of $13,378 per ton earlier in the day. The Shanghai Futures Exchange's most traded copper contract fell 1.26%, to 103 160 yuan (15,222.75 dollars) per ton. SHFE prices touched?102.640 yuan per ton earlier that day, their lowest level since May 8th. Iran announced that the Strait of Hormuz will be closed until further notice and the US Central Command...

The U.S. and Israel war against Iran has not affected the price of iron ore, but this relative calm hides a shift in the?dynamics? for the steel raw material. China purchases about three quarters of the world's seaborne iron ore. It uses it to feed mills that make just over half the steel produced worldwide. Iron ore is mostly sourced from Australia and Brazil. Other producers such as South Africa and Guinea also contribute a small amount. This trade bypasses the Strait of Hormuz. The narrow waterway that connects Iran to Oman has been closed off since February 28, when...

Copper prices fell on Thursday as the Middle East conflict escalated, pushing oil prices up and raising concerns about global growth. By 0300 GMT, the benchmark three-month copper price?on London Metal Exchange?had fallen 0.75% to a metric ton of $13,414.5. It had hit a new low of $13,378 per ton earlier in the day. The Shanghai Futures Exchange's most traded copper contract fell 1.5%, to 102 910 yuan (15,187.43 dollars) per ton. SHFE prices touched?102.640 yuan per ton in the early morning hours, their lowest level since the 8th of May. Iran announced that the Strait of Hormuz will be...

Copper prices fell on Wednesday as the volatility of the Middle East conflict and macroeconomic worries overshadowed any price support that could be provided by potential U.S. Tariffs. Benchmark three-month Copper on the London Metal Exchange declined 0.32% as of 0700 GMT to $13,572 per metric tonne. The Shanghai Futures Exchange's most traded copper contract fell 0.29%, to 104110 yuan (15,366.79) per ton. Oil reversed gains and fell 0.1% even after U.S.-Iran exchanged some of their biggest "strikes" since they agreed on a ceasefire agreement in April. The war has pushed up energy prices and stressed manufacturing, which is a...

India's sharp rise in gold import tariffs has fueled a surge in smuggling, which could reach 100 metric tonnes this year. This is because smugglers can now slash prices on the grey market, allowing them to undercut refiners and banks. India, which is the second largest gold market in the world after China, increased import tariffs by more than doubling to 15% to reduce demand, to cut the trade deficit, and to ease pressure on rupee. They said that the move created an opportunity for gold smugglers to compete with legitimate importers by offering prices they cannot match. A Mumbai-based...

China's aluminum exports surged during a month in May, according to official data released on Tuesday. This was due to disruptions of shipment and production due to the Iran war, which kept global supplies tight. Exports of China's unwrought aluminum and products rose 5.68% to 632,000 tons in May. Customs data shows that in the first five month of 2026, exports of unwrought aluminum and products grew by?10.4%, to 2,69 million tonnes. Exports in May were higher than April's already strong levels - the highest for at least a full year - and extended gains since the start of the...

The price of copper?went up slightly on Tuesday as London Metal Exchange inventories shrank, helping it to withstand pressures from concerns over?Middle East tensions?, inflation?, and lower China imports. Benchmark 'three-month' copper on the London Metal Exchange rose 0.48% by 0702 GMT to $13,681.5 per metric ton. The Shanghai Futures Exchange's most traded copper contract rose 0.56%, to 104.650 yuan (15,452.42) per ton. The Donald Trump administration is expected to make a decision on tariffs for copper imports by the end of the month. Data released by China's top consumer showed that imports of copper unwrought have declined significantly this...

London copper prices remained at a one-week low on Monday due to weaker Chinese 'prices, and expectations that the Federal Reserve will be influenced by strong U.S. job data and higher oil prices. The benchmark three-month copper price on the London Metal Exchange rose 0.19%, to $13,545 per metric ton at 0710 GMT. The LME copper fell to its lowest level since May 28 due to a rising dollar, and fears of inflation. Industrial metals are more dependent on economic growth as a result of higher?interest rates. The official data revealed that the U.S. added 172,000 new jobs in May....

London copper was near its one-week lows Monday due to a combination of 'weaker Chinese metal prices' and a growing expectation that the Federal Reserve will be pushed towards rate hikes by strong U.S. job data and higher oil costs. Benchmark 'three-month copper' on the London Metal Exchange rose 0.38% at $13,570.5 per metric ton as of 0331 GMT. LME copper fell to its lowest level since May 28 due to a rising dollar, and inflation fears. Industrial metals are more dependent on economic growth, so higher interest rates can dampen their prospects. Official data showed that the U.S. economy...

Iron ore prices are headed for a fourth consecutive weekly loss even though they were mixed on Friday as declining margins for steelmakers' in the world's largest consumer, China, curbed buying appetite for this key ingredient. The most-traded contract for iron ore on China's Dalian Commodity Exchange closed daytime trading down 0.91% to 766 yuan (113.07 dollars) per metric ton. This marked a 2.1% weekly drop. The contract reached its lowest level in over a year at 760.5 Yuan during the session. As of 813 GMT, the benchmark July iron ore traded on Singapore Exchange was trading at $101.9 per?ton....