Copper Stock Articles

SMM Morning Comments (Apr 16)

Apr 16, 2018 / Staff reporter

SHANGHAI, Apr 16 (SMM) –Copper: LME copper rose and hit the five-day moving average but faced pressure at the 10-day moving average, as KDJ indicator extended downwards last Friday night. The SHFE 1806 contract mostly traded below all moving averages, and touched the joint of five- 10-, and 20- day moving averages with apparent pressure. The copper market was generally sluggish given un...Read More

Rio's Richards Bay Minerals force majeure ongoing

16 APRIL 2018 / Jacqueline Holman

In a statement sent late Friday in response to emailed questions, Rio said the force majeure declared on April 5 was ongoing, as it was still assessing the impact on RBM's production and sales delivery.Read More

'Ignorance' blocking renewables take-up

16 APRIL 2018 / Alex Hamer

There are few enough examples of more sustainable and lower-opex renewable installations for them to be news, like the new solar array part-powering IAMGold's Essakane mine in Burkina Faso, the 10 megawatt peak solar and lithium-battery system at Sandfire Resources' DeGrussa mine in Western Australia, or the wind and hydrogen fuel cell storage setup Glencore's at Raglan mine in Quebec.Read More

Argentinian secretaries to jail for Veladero spill

Apr. 15, 2018, 5:08 PM / Valentina Ruiz Leotaud

Federal judge Sebasti??n Casanello prosecuted Sergio Lorusso, Argentina's former Secretary of Environment, and Jorge Mayoral, former Secretary of Mines.The officials are accused of abuse of power in the case of the 2015 cyanide spill at Barrick Gold's (TSX, NYSE:ABX) Veladero mine, the first of three similar incidents registered at the operation between 2015 and 2017.According to Casanello's decis...Read More

GLOBAL MARKETS-Stocks dip as U.S. bank shares fall; oil extends recent gains

Apr 14, 2018 / Reuters

* Global stocks gauge set for largest weekly gain in five* Aluminum hits 6-yr high; USD jumps to 6-week high vs. yen* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates prices, adds oil price settlements)By Rodrigo CamposNEW YORK, April 13 (Reuters) - A gauge of stocks across the world eased on Friday but was on track to end the week with its strongest performance in five, while oil...Read More

GLOBAL MARKETS-Stocks down as U.S. banks drag; oil up as Syria angst lingers

Apr 14, 2018 / Reuters

* Global stocks gauge set for largest weekly gain in five* Aluminum hits 6-yr high; USD jumps to 6-week high vs. yen* Oil set for biggest weekly gain since July* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates prices, changes dateline; previous LONDON)By Rodrigo CamposNEW YORK, April 13 (Reuters) - A gauge of stocks across the world fell on Friday but was on track to end the week...Read More

Gold Rallies as U.S. Dollar Struggles for Direction

Apr 14, 2018 / Investing.com

Investing.com - Gold rose on Friday, as the dollar wavered around the unchanged mark and Middle Eastern tensions remained in the back of investors’ minds.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched up 0.01% to 89.50 as of 10:32 AM ET (14:32 GMT).The dollar struggled for direction after rallying on Thursday. The greenba...Read More

GLOBAL MARKETS-Return of risk appetite boosts stocks, commodities

Apr 14, 2018 / Reuters

* MSCI All Country World Index set for best week in a month* Easing fear of imminent U.S. attack on Syria* China trade data mixed, runs a rare deficit in March* Aluminium hits 6-yr high* Dollar jumps to 6-week high vs. yen* Oil set for highest weekly gain since July* Gold set for second week of gains* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Ritvik CarvalhoLONDON, April 13 (Reute...Read More

Gold Inches Up as Syria Tensions Weigh

Apr 14, 2018 / Investing.com

Investing.com - Gold was slightly higher on Friday, as tensions in the Middle East rose and the risk-adverse precious metal became more attractive to investors.Comex gold futures for June delivery were up 0.17% to $1,344.20 a troy ounce as of 4:41 AM ET (8:41 GMT).After a Russian diplomat said his country’s forces would shoot down U.S. missiles launched at Syria, U.S. President Donald Trump...Read More

GLOBAL MARKETS-Stocks set for biggest weekly gain in a month as risk appetite returns

Apr 14, 2018 / Reuters

* MSCI All Country World Index set for best week in a month* Easing fear of imminent U.S. attack on Syria* China trade data mixed, runs a rare deficit in March* Dollar jumps to six-week high vs. yen* Oil set for highest weekly gain since July* Gold set for second week of gains* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Ritvik CarvalhoLONDON, April 13 (Reuters) - World stocks and c...Read More

GLOBAL MARKETS-Stocks cautious on trade, Syria anxiety; dollar near 6-wk highs

Apr 14, 2018 / Reuters

(Recasts lead, updates levels, adds analyst quote)* Asia ex-Japan shares tad firmer, earnings season to kick off* China trade data mixed, runs a rare deficit in March* Easing fear of imminent U.S. attack on Syria* Dollar jumps to six week high of 107.59 yenBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, April 13 (Reuters) - Asian stocks were cautiously higher on Friday ahead of the U.S. earnings se...Read More

GLOBAL MARKETS-Stocks pare gains on uncertainties over trade, mixed China data

Apr 14, 2018 / Reuters

(Rewrites throughout with new levels, adds analyst quote)* Asia ex-Japan shares flat, earnings season to kick off* China trade data mixed, runs a rare deficit in March* Easing fear of imminent U.S. attack on Syria* Bitcoin supported after biggest gains in 4 monthsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, April 13 (Reuters) - Asia stocks pared early gains on Friday as caution crept in ahead of...Read More

Copper's electric future could catch miners off guard...

14 APRIL 2018 / Tom Azzopardi in Santiago

Lithium and, more recently, cobalt have caught the attention of investors looking for exposure to the rush to electrify the world's transport system. But copper may be the commodity which benefits most from the slow death of the internal combustion engine.Read More

Codelco to launch green copper from next year

14 APRIL 2018 / Tom Azzopardi in Santiago

The state-owned mining company is developing a series of certifications for its operations based on their environmental and social qualities, such as their carbon footprint and respect for human rights.Read More

Teck extends partnership with UN Women

Apr. 13, 2018, 6:07 PM / Valentina Ruiz Leotaud

Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) is amping up its corporate social responsibility game in northern Chile by investing $1 million in a program called Originarias.According to a press release, Originarias was launched in 2016 with a similar investment and is run in partnership between UN Women and Teck. The program's main goal is to provide education...Read More

Copper, iron ore prices gain on robust Chinese imports

Apr. 13, 2018, 1:55 PM / Frik Els

Copper and iron ore eked out small price gains on Friday after customs data showed imports of raw materials by China improved during the first quarter.In brisk trading New York Comex copper for delivery in May was exchanging hands for $3.07 a pound ($6,770 per tonne). Copper is down 7% year to date.Rising imports have coincided with a build-up of inventories with stockpiles on the Shanghai exchang...Read More

Mining billionaire backs outback gas pipeline to ease power woes

Apr. 13, 2018, 11:19 AM / Bloomberg News

Billionaire Andrew Forrest is studying a proposed 1,500-mile (2,400-kilometer) transcontinental natural gas pipeline as part of his iron ore company's strategy to diversify and to boost Australia's power supply network.Fortescue Metals Group Ltd. confirmed it has undertaken work for a duct that would link the gas-rich state of Western Australia with fuel-strapped East Coast power markets where the...Read More

CMOC Intl CEO Madhavpeddi leaves mining giant

Apr. 13, 2018, 9:25 AM / Reuters

LONDON/HONG KONG, April 13 (Reuters) - China Molybdenum International (CMOC) Chief Executive Kalidas Madhavpeddi has left the company and the parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.A China-based spokesman said the move was a normal personnel change, adding "having the chairman serve as overseas CEO at the same time shows the company's emphasis on the overseas...Read More

GLOBAL MARKETS-Stocks, U.S. dollar rise as Trump amends previous comments on Syria

Apr 13, 2018 / Reuters

* Dollar gains as risk appetite makes a comeback* World FX rates year-to-date: http://tmsnrt.rs/2egbfVh* Crude prices at highest since 2014: https://tmsnrt.rs/2IK7hyU (Updates to U.S. market close)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat after U.S....Read More

GLOBAL MARKETS-Risk appetite return lifts stocks, dollar; supply drives oil up

Apr 13, 2018 / Reuters

* Dollar gains as Trump amends previous comments on Syria* World FX rates year-to-date: http://tmsnrt.rs/2egbfVh* Crude prices at highest since 2014: https://tmsnrt.rs/2IK7hyU (Updates prices, adds OPEC comment)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front s...Read More

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