Copper Stock Articles

More optimism flows from the banks in the face of stiff trade winds

26 September 2018 / Staff reporter

Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdFour banks standing against a tide of selling in base and precious metals is not a guarantee that better times are around the corner, after all they could all be wrong. But it is interesting tha...Read More

China Baowu Steel Group denies report about takeover of Magang - media

Sep. 25, 2018, 10:41 AM / Reuters

BEIJING, Sept 25 (Reuters) - China Baowu Steel Group said a media report that it is in talks to take over Magang group was not true, state media Shanghai Securities News reported on Tuesday.Top Chinese steelmaker China Baowu Steel Group is in talks to take over rival Magang Group, three sources familiar with the discussions told Reuters earlier, a deal that would help entrench the nation's positio...Read More

China copper smelters set Q4 treatment/refining charges lower than a year earlier

Sep. 25, 2018, 10:22 AM / Reuters

BEIJING, Sept 25 (Reuters) - China's top copper smelters have set their floor treatment and refining charges (TC/RCs) for the fourth quarter at $90 per tonne and 9 cents per pound, two sources with direct knowledge of the matter said on Tuesday.The floor charges, the minimum miners pay smelters to process their copper concentrate into refined metal, were agreed at a meeting of the 10-member China...Read More

Anglo American becomes latest top miner to land in Ecuador

Sep. 25, 2018, 8:40 AM / Cecilia Jamasmie

Diversified miner Anglo American (LON:AAL) has become the latest major miner to set foot in Ecuador by entering into an earn-in joint venture (JV) agreement with Canadian precious and base metals firm Luminex Resources (TSX-V: LR) which spun out of Lumina Gold (TSX-V: LUM) in August.The deal gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three coppe...Read More

Glencore to double size of $1B share buyback program

Sep. 25, 2018, 2:50 AM / Cecilia Jamasmie

Miner and commodities trader Glencore (LON:GLEN) is increasing the size of its buyback program announced in July by purchasing another $1 billion of stock from now until the end of February 2019.The Swiss company had announced plans to buy back as much as $1 billion of its shares after the US government investigation into bribery and corruption sent the stock down more than 15 percent since the...Read More

India's NSE index sees worst day in 6 months as financials continue slide

September 25, 2018 / Staff reporter

* NSE index down 1.58 pct, BSE index 1.46 pct lower* BSE index hits lowest close in over 2 mthsSept 24 (Reuters) - Indian shares fell more than 1 percent and ended lower for a fifth straight session on Monday, dragged by financials such as Indiabulls Housing Finance Ltd INBF.NS and Housing Development Finance Corp Ltd HDFC.NS as investors continued to trim exposure to non-banking financial com...Read More

UPDATE 13-Oil prices surge as Saudis, Russia won't open spigots

September 25, 2018 / Staff reporter

* Saudis, Russia rule out immediate rise in production* U.S. sanctions on Iran tightening global oil supply* U.S. crude inventories at lowest level since 2015* Traders, banks say crude could hit $100 in 2019 (Updates with settlement prices.)By Jessica Resnick-AultNEW YORK, Sept 24 (Reuters) - Global Benchmark Brent crude jumped more than 3 percent on Monday to a four-year high above $80 a barrel a...Read More

UPDATE 4-India struggles to soothe markets as liquidity concerns grow

September 25, 2018 / Staff reporter

(Adds RBI's OMO purchase announcement and RBI's cancellation of certificate of registration for 14 NBFCs)By Abhirup Roy and Euan RochaMUMBAI, Sept 24 (Reuters) - Indian authorities sought to calm markets on Monday but investors paid little heed as fears that the non-banking financial sector is facing a credit crunch hit domestic bonds, stocks and the rupee, adding to Friday's selloff.Finance Minis...Read More

UPDATE 1-Sky, Randgold surge on deals while trade war weighs on FTSE 100

Sep 25, 2018 / Reuters

* FTSE 100 down 0.4 pct* Sky jumps as Comcast (NASDAQ:CMCSA) wins auction* Randgold rises on Barrick Gold deal* Thomas Cook (NS:THOM) sinks on profit outlook cut (Updates prices)By Helen ReidLONDON, Sept 24 (Reuters) - Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Comcast finally clinching a takeover of Sky, and Randgold...Read More

Gold Prices Broadly Higher as U.S. Dollar Slumps

Sep 25, 2018 / Investing.com

Investing.com - Gold prices were higher on Monday as the greenback slumped amid trade war tensions and investors waited for the Federal Reserve’s interest rate decision this week.Comex gold futures for December delivery increased 0.36% to $1,205.60 a troy ounce as of 9:29 AM ET (13:29 GMT).The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year...Read More

Sky, Randgold surge on deals while trade war weighs on FTSE 100

Sep 25, 2018 / Reuters

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.1 pct* Sky jumps as Comcast (NASDAQ:CMCSA) wins auction* Randgold rises on Barrick Gold deal* Thomas Cook (NS:THOM) sinks on profit outlook cutBy Helen ReidLONDON, Sept 24 (Reuters) - Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Com...Read More