Markets Top Stories

Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes

Analysts say near-term demand for iron ore remain strong, supporting prices.

Reuters | November 18, 2024 | 7:13 am

Newmont sells Ontario gold mine to Orla for $850 million

The addition of the Musselwhite mine to its portfolio more…

Cecilia Jamasmie | November 18, 2024 | 3:47 am

BHP warns Australian mining not ready for low-cost competitors

The boom in demand from China’s industrialization is now “past…

Bloomberg News | November 17, 2024 | 4:44 pm

Aluminum price to average 6% higher in 2024 on strong demand: Fitch

Analysts also raised its 2024 aluminum price forecast from $2,400/tonne…

Staff Writer | November 17, 2024 | 9:43 am

Gold loses some luster after Trump’s decisive win

Gold’s slide is a marked turnaround for a commodity that…

Bloomberg News | November 17, 2024 | 9:07 am

China producers rush to deliver surplus zinc to Shanghai exchange

Producers are rushing to send 30,000-40,000 metric tons of refined zinc to warehouses registered with the Shanghai Futures Exchange ahead of November contract expiry on Friday.

Reuters | November 14, 2024 | 9:13 am

LME clearing house unveils reforms, to triple member capital requirements

The exchange also said that LME Clear would reduce the amount members have to contribute towards its default fund.

Reuters | November 14, 2024 | 7:41 am

Gold Fields may sell smaller mines after Osisko acquisition

The Johannesburg-based gold miner is shifting focus to advancing its new Salares Norte mine in Chile.

Reuters | November 14, 2024 | 7:28 am

Iron ore price hits 3-week low on firmer supply, softer steel outlook

China unveiled tax incentives on home and land transactions on Wednesday, aiming to support its crisis-hit property market.

Reuters | November 14, 2024 | 7:25 am

Resolute CEO still held in Mali, diplomatic sources say, as shares suspended

The Malian military junta is seeking at least $161 million from the company to settle a tax dispute.

Reuters | November 14, 2024 | 7:01 am

Citigroup cuts copper forecast on tariffs risk, China outlook

The bank has cut its short-term outlook for copper prices by 11% to $8,500 a ton over the next three months.

Bloomberg News | November 13, 2024 | 2:52 pm

Exploration spending to stay flat despite Trump pledges, strong gold prices, S&P says

The cautious outlook comes as global exploration budgets for nonferrous metals declined by 3% in 2024.

Henry Lazenby - The Northern Miner | November 13, 2024 | 12:38 pm

Hudbay Minerals shares up on record gold production in Manitoba

During Q3, the Manitoba operations produced 62,468 oz. of gold.

Staff Writer | November 13, 2024 | 10:08 am

China’s copper market needs more stimulus, says top importer

The copper market in China is at a critical juncture.

Bloomberg News | November 13, 2024 | 10:05 am

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