Mining

Gold prices fell on Thursday as investors took profits following a surprise announcement by the U.S. Treasury to support long-term bonds with liquidity. This announcement weakened dollar values and drove Treasury yields down. By 0331 GMT, spot gold had fallen 0.6% to $4495.69 an ounce. It was earlier at $4,525.79 - its highest price since June 2 - after a more 4% increase on Wednesday. U.S. Gold futures rose 0.2% to $4.553.30. Treasury Department announced Wednesday that it would double its liquidity to support buybacks of longer-dated bonds and notes. This came after investors demanded higher returns due to the...

Two senior DFC executives said that the U.S. International Development Finance Corporation (DFC), is supporting a pipeline of African projects involving rare-earth elements, as private investors are reluctant to fund this sector. The DFC announced on Wednesday that it had committed $62.8 to rare-earth project in Malawi, Angola and Madagascar, but none of them has yet reached production. The majority of this funding, about $50 million, was allocated to the Phalaborwa Project in South Africa. It is backed by Dublin-based mining investors TechMet. One of the executives, who asked to remain anonymous because they weren't authorised for public discussion on...

Indian?shares declined on Wednesday as high crude oil prices and rising global bond yields dampened appetite for risk assets globally. The Nifty 50 index has dropped for seven consecutive sessions, the longest losing streak since 11 months. Its drop of 2.1% is over this period. The BSE Sensex fell in six of seven sessions by 2.1%. The Nifty 50 fell 0.32% on the day to 24,078.30, and the Sensex dropped 0.42% at 76,909.68. Sudeep Shah, SBI Securities' head of technical research and derivatives, said that the Indian market has a weakened appetite for risk, with the Nifty index experiencing a...

Investors are awaiting the minutes of the U.S. The Federal Reserve's meeting in July will provide new clues about its outlook for monetary policy. Spot gold remained unchanged at $4,337.59 an ounce as of 0558 GMT, after dropping nearly 2% Tuesday due to higher Treasury rates, while U.S. Gold Futures fell 0.7% to $4391.20. U.S. yields have backed off their earlier highs after a global bond sale saw long-term borrowing rates in major economies reach the highest levels in decades. Kelvin Wong is a senior analyst at OANDA. He said that the reduced expectations of Federal Reserve interest rates increases...

The gold price was 'under pressure' on Tuesday due to a rise in oil prices and higher treasury yields. Traders were also waiting for the minutes of the U.S. Federal Reserve policy meeting held in July for any clues about the future interest rate outlook. As of 0423 GMT spot gold fell 0.5% to $4,391.14 an ounce. U.S. futures for December delivery were down 0.6% at $4,446.70. The yields on the benchmark U.S. Treasury 10-year note increased, increasing?the cost of non-yielding gold. The oil prices rose after Iran announced that it would "shift to a fully offensive" military position following...

Leigh Curyer, the CEO of NexGen Energy, said that it was "talking" and sharing information with BHP about its Rook I project in Saskatchewan. NexGen Energy, a Canadian uranium mining company, has started construction on what will be the largest uranium mine in the world. The company is looking to raise $1 billion of capital over the next nine-month period. The miner will consider financing options such as prepayment agreements with utilities, debt finance, and direct equity in the project. Curyer, when asked if NexGen was in contact with BHP regarding a possible equity partnership in Athabasca Basin, said that...

Gold prices rose on Monday due to a weaker US dollar and the fading expectation of an increase in U.S. Federal Reserve rates. Investors also continued to monitor the geopolitical tensions within Middle East. By 11:56 am EDT (1555 GMT), spot gold had risen 1.2% to $4,426.52 an ounce. U.S. gold futures for delivery in December edged up 1.1% to $4,484.10. Bart Melek is the global head of commodity strategies at TD Securities. He said that gold prices appear to be pricing in a stagflationary climate, with softer unemployment and expectations that Fed will tolerate 'current inflation levels. The US...

Leigh Curyer, the CEO of Canadian uranium mining company NexGen Energy, said that they "talk regularly" with mining giant BHP about their Rook I mining project in Saskatchewan. NexGen has put the first shovel into the ground for the construction of one of the largest uranium mining projects in the world. The company will be looking to raise $1 billion of capital over the next nine-month period. The miner will consider financing options such as prepayment agreements with utilities, debt finance and equity investment in the project. Curyer, when asked if NexGen was in contact with BHP regarding a possible...

Gold prices rose on Monday due to a weaker US dollar and the fading expectation of an increase in U.S. Federal Reserve rates. Investors also continued to watch geopolitical tensions across the Middle East. By 09:25 am EDT (1325 GMT), spot gold had risen 0.28%, to $4387.95 an ounce. ?U.S. Gold futures for delivery in December edged up 0.2% to $4,444.40. Bart Melek is global head of commodity strategies at TD Securities. He said that the gold market seems to be pricing in a stagflationary climate, with softer unemployment and expectations that Fed will 'tolerate current levels of inflation. The...

Dominic LeBlanc told a 'committee of advisors' on Friday that Canada and the U.S. were still "far" from a draft deal, despite their regular meetings. This was according to an informed source. LeBlanc, his chief negotiator, and a team are in Washington for talks as the deadline for President Donald Trump's 50% tariffs approaches on August 19. LeBlanc met with U.S. Trade Representative Jamieson Greer four times in the last three weeks. LeBlanc’s office announced that he would be staying in Washington over the weekend to continue trade negotiations. Tariffs on Canadian goods worth nearly $20 billion would be imposed,...

Berkshire Hathaway announced on Friday that it increased 'the size of its investment in Alphabet by 83 percent during the second quarter, making the parent company of Google and YouTube the third largest stock holding. Berkshire Hathaway said that in a filing with the SEC, it had nearly 106,000,000 Alphabet shares valued at about $37.8billion as of June 30. This is up from 57.8million shares three months prior. This stake included a 10 billion dollar investment made in June to help Alphabet develop its AI infrastructure. Apple was Berkshire’s largest stock investment, valued at $66 billion by the end of...

Tata Group stocks fell 4% on Wednesday after Tata Sons Chairman N. Chandrasekaran's resignation triggered a stock market sell-off in all of the listed companies. Tata Consultancy Services, India's largest IT exporter, was the worst hit, falling 4.2%. Tata Motors PV, Jaguar?Land Rover parent, fell 2.5%. Other group stocks, including Titan and Tata Steel, each fell about 2%. Chandrasekaran said in a press release that he had resigned from his position as chairman of Tata Sons, but would continue to serve the remainder of 'his current term which ends in February. Chandrasekaran, who joined the Tata Group as a member...

Prices of copper fell on Wednesday as a large increase in warehouse stocks pushed supply concerns that had supported prices to the background. By 0300 GMT, the benchmark three-month copper contract on the London Metal Exchange was down 0.06% to $13,978 per metric tonne. The Shanghai Futures Exchange's most traded copper contract fell by 1.02%, to 106 880 yuan per ton. Ed Meir, Marex consultant, wrote that copper was "tripped" by a surprise increase in inventories at the LME. The LME data on Tuesday and Monday showed total copper stock The number of large parcels delivered to warehouses increased by...

The fact that China's steel production dropped to its lowest level this year in July supports the idea that the world's second largest economy struggles for growth momentum. As usual, the devil lies in the details. Steel demand is unevenly distributed across the economy. The world's biggest producer of industrial metal saw its steel output fall to 76.93 metric?tons during July. This is a 3.6% drop from the same period in 2025, and it was the lowest July since 2017. China's first seven months of the year saw a production volume of 577.04 millions tons, down by 3.1% compared to...

The price of copper fell on 'Tuesday. It eased from the six-month high reached in 'the previous session. London Metal Exchange inventories rose for a second day, and the market digested disappointing data derived from China, its largest consumer. As of 0900 GMT, the benchmark three-month LME copper was down by 0.8% to $14,036 per metric tonne. After the LME stock data was released, it briefly fell below $14,000. It lost as much as 1,1% to $13,997. Data showed that another '17,450 tonnes of copper entered LME warehouses Monday. This included 7,250 tons from the U.S., and 3,000 in Hong...

China's steel production dropped to its lowest level this year in the month of July, which fits with the narrative that China is struggling to maintain growth momentum. Steel demand is 'uneven across the economy,' as per usual. The world's biggest producer of industrial metal saw its steel output drop to 76.93 metric tons in July. This is a 3.6% decrease from the same period in 2025. It was also the lowest July since 2017. China produced 577.04 millions tons of steel in the first seven months, a 3.1% decrease from the same period last year, according to data released...

The market was digesting a string of disappointing economic reports from China and the U.S., as well as the fact that a truce between Iran and the U.S. had expired with no longer-term agreement. Benchmark 'three-month' copper on the London Metal Exchange fell 0.39% to $14,102 per metric ton at 0300 GMT. Shanghai Futures Exchange's most traded copper contract fell 1.19%, to 107 690 yuan (15,971.58) per ton. After copper prices reached a six-month peak on Monday, disappointing economic indicators in China drew attention to the demand outlook. "Weaker-than-expected economic ?data in China weighed on sentiment across the base metals...

On Monday, copper prices reached their highest level in over six months due to concerns about the availability of metals on the London Metal Exchange where inventories have been at their lowest since February. Benchmark copper was up?0.9% to $14,290 per metric ton as of 0923 GMT. It had previously reached a high of $13,396. Prices for the metals used in construction and power industries reached an all-time record high of $14,527.5. Stocks at LME-approved warehouses Since May, the amount of copper exported to the United States has decreased by half. This is because traders are moving the metal to...

The week started with a strong start for copper, thanks to tight?availability. This also helped push the key spread even wider, after it reached its highest level in five years last week. Benchmark 'three-month' copper at the?London Metal Exchange rose?1.45%?to $14,365 per metric ton as of 0300 GMT. The Shanghai Futures Exchange's most traded copper contract jumped by 1.77%, to 109 580 yuan (16 254.54) per ton. Stocks of red metal at LME-registered storage facilities The price of refined copper has dropped by almost half over the past three months as material is imported into the U.S. to avoid possible...

Copper prices fell on Friday but have remained higher so far this week, as analysts wondered if global demand would be able to keep up with the recent price rally. Benchmark three-month copper on the London Metal Exchange fell 0.34% to $14,100.5 per metric ton at 0715 GMT. The red metal will likely gain 0.3% this week. This is the longest weekly streak it has had since 2020, when it gained 5.49%. The Shanghai Futures Exchange's most traded copper contract fell?0.12% to 107 690 yuan (15,970.64) per ton. The economic activity could be boosted by the fact that inflationary pressures...

Investors weighed stalled attempts?to resolve the U.S. - Iran conflict, the continued disruptions of?shipping in the Strait of?Hormuz 'blockade?and a softer outlook for oil demand. Iran and the United States are still at odds on a permanent solution. A senior Iranian source said that there has been no progress in reviving or setting a timeline for the implementation of the June interim agreement. The prospects for a breakthrough have been further dampened by President Donald Trump's renewed criticism of Iran's leaders. Meanwhile, fresh attacks against shipping on Tuesday highlighted the dangers facing regional trade. The energy outlook was further impacted...

Investors prepared to analyze key U.S. Inflation data, as a temporary closure at a major Indonesian Smelter increased the pressure on global red metal stock prices. Benchmark three-month Copper on the?London Metal Exchange rose 0.18% to $14,182 per metric ton at 0300 GMT. The Shanghai Futures Exchange's most traded copper contract edged up 0.26% to 108240 yuan (16,044.83) per ton. The biggest metal consumer in China showed signs of a lower physical demand, which capped gains. Freeport Indonesia halted operations at its Smelting Gresik division for repairs. This added pressure to copper stocks. The LME's copper inventory has fallen to...

Gold fell on Tuesday but remained near the two-month high reached earlier.?Market participants are awaiting important U.S. inflation data that may influence expectations about Federal Reserve policy. Gold spot was down 0.3% to $4,376.31 an ounce by 1:50 pm EDT (1750 GMT), having hit its highest level in June at $4434.84 in earlier sessions in an effort to break above the current 100-day moving average of $4,387.92. U.S. Gold Futures rose by about 0.5%, to $4,441,10. The market is looking forward to this week's data on inflation to confirm that the inflation rate has been tamed, said Peter Grant. He...

Gold edged up on Tuesday, after reaching a?peak? of more than two months earlier. Market participants are awaiting important U.S. Inflation figures that may influence expectations about the Federal Reserve’s policy. Gold spot was up 0.2% to $4,396.87 an ounce by 11:05 am EDT (1505 GMT) after reaching its highest level in the session since June 5, at $4434.84. U.S. Gold Futures rose 0.8% to $4456.10. The market will be looking at this week's data to confirm that inflation is under control, said Peter Grant, senior metals analyst and vice president of Zaner Metals. He added that a moderated annualized...