MINING.COM Staff Writer, Author at MINING.COM

Codelco posts 35% drop in H1 pre-tax profit, production falls

Copper price rises as looming strike in Chile adds to supply worries

Workers at Chile’s state-owned Codelco will start a nationwide strike on Wednesday to protest the government’s and the company’s decision to close a troubled smelter.

MINING.COM Staff Writer | June 21, 2022 | 9:09 am

Iron ore price sinks amid growing pessimism over demand outlook in China

A raft of supportive policy measures from Beijing over the last couple of months have failed to result in persistent price gains.

MINING.COM Staff Writer | June 20, 2022 | 7:43 am

Copper price extends decline despite possible Chile strike

The workers at Codelco have complained about a lack of investment at the firm's troubled Ventanas smelter.

MINING.COM Staff Writer | June 17, 2022 | 8:52 am

Iron ore price hits six-month low on plunging China steel margins

Chinese steel mills are opting to reduce output amid weak profits and deteriorating demand prospects.

MINING.COM Staff Writer | June 17, 2022 | 7:59 am

Copper price sinks to 10-month low on recession worries

Outlook for demand deteriorated after the US Federal Reserve’s large rate hike fueled worries about recession and data from China indicated weak growth.

MINING.COM Staff Writer | June 16, 2022 | 8:46 am

Central banks add more gold in November as China joins the foray — report

Iron ore price down ahead of China’s central bank rate announcement

Market focus has turned to the People's Bank of China, which could cut the rate on its medium-term lending facility on Wednesday.

MINING.COM Staff Writer | June 14, 2022 | 8:50 am

Copper price slips as China demand woes resurface

Metal price fell as a stronger US dollar and renewed worries over demand due to partial lockdowns in China weighed on sentiment.

MINING.COM Staff Writer | June 13, 2022 | 8:30 am

Iron ore price extends decline on China lockdown fears

"Fresh lockdowns and mass testing in Beijing, Shanghai, and now Inner Mongolia is the realization of the ferrous market's worst fears," said Atilla Widnell, managing director at Navigate Commodities.

MINING.COM Staff Writer | June 13, 2022 | 8:00 am