Copper kicks off Q3 with huge rally
Asian traders are pulling the metal from warehouses at record levels and paying premiums last seen four years ago.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Iron ore price can’t escape metals sell-off
A 7% rally in the price of iron ore came to an abrupt end on Friday.
Gold price drops $97 to September 2010 level
Gold price plummets after the US Federal Reserve signaled an end to its loose monetary policy may come sooner rather than later.
Gold stocks decimated, Barrick drops to 21-year low
Billions wiped off sector as gold price drop sends many stocks to multi-year lows.
Copper price closing in on 3-year lows
The copper price slumped almost 3% on Tuesday to within shouting distance of the crucial $3.00 level.
$1.5bn Japanese injection for BHP’s Jimblebar
Expansion plans should lift BHP's Australian iron ore capacity to 220m tonnes a year.
Gold price shows muted reaction to upbeat Fed
Gold fell around $17 on Wednesday after the Fed again hinted that QE3 may be tapered off if the US economy continues to improve.
Forget the Fed: Five more reasons the gold price has much further to fall
The sudden $200 drop in April scared a lot of gold investors out of the market. Those that remain should heed these warnings.
Gold price drops to one month low ahead of Fed decision
Gold investors are worried that Fed chairman Ben Bernanke could announce on Wednesday that the Fed will start tapering off its quantitative easing program.
Iron ore price extends 6% rally as China mulls relaxing import rules
The proposed end to the licensing system marks something of retreat for Beijing which has made many attempts to wrest control over pricing away from the major producers.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
