Mining will commence in July at the Urquhart bauxite project in far north Queensland. The Queensland company, LCR Group, is the main contractor.Although very small, the development of Urquhart reflects growing confidence about the outlook for bauxite, the feedstock for aluminium.Aluminium prices have increased by over one-third since late 2015.According to mining consultancy firm, CRU, "China's gr...Read More
After twelve months building momentum (with a big wobble in the middle) hedge funds bullish bets on commodities hit at a record high in February this year.Turns out the smart money was too optimistic about the strength and length of China's economic recovery and the timing and scale of US stimulus under new leadership.Prices went sideways for the better part of a year even as bullish positions con...Read More
May 30 (Reuters) - Hindalco Industries Ltd HALC.NS , India's biggest producer of aluminium and copper, posted a 26 percent rise in fourth-quarter profit as revenue from operations increased on higher base metal prices.Profit rose to 5.03 billion rupees ($77.82 million) in the quarter ended March 31, from 4 billion rupees a year earlier, Hindalco said on Tuesday. on average had expected the compa...Read More
Investing.com - Gold prices were steady after touching a fresh four week high in European trade on Tuesday as European geopolitical fears sapped risk appetite, underpinning safe haven demand for the precious metal.Comex gold futures dipped 86 cents, or 0.07%, to $1,267.51 a troy ounce by 07.15 GMT after rising to $1,270.32 earlier, the highest since May 1. Meanwhile, spot gold was at $1,267.81.Als...Read More
Workers at Barrick Gold's (TSX, NYSE:ABX) Veladero mine in Argentina on Sunday embarked on an unplanned strike over better working conditions, but suspended the labour action 35 hours later as talks to end the dispute continue.A total of 2,500 were involved and a spokesperson for the union representing 1,500 members at the mine, Argentina's biggest gold operation, said workers "returned to work a...Read More
Jack Lifton, Founding Principal of Technology Metals Research, LLC, took the time to speak with SmallCapPower at Mines and Money New York, explaining how he believes recycling is essential to ensure adequate global cobalt supply, yet thinks cobalt could already be in a "death spiral."Read More
The silver miners stocks have been slowly grinding higher this year, but it has been a volatile ride. This sectors alternating surges and plunges have spawned outsized swings in sentiment, really distorting investors perceptions of the major silver miners.The silver miners' stocks have been slowly grinding higher this year, but it's been a volatile ride. This sector's alternating surges and plunge...Read More
Investing.com - Gold prices were little changed near a four-week high in European trade on Monday, as the latest ballistic missile test by North Korea supported safe-haven demand.Comex gold futures shed 60 cents, or less than 0.1%, to $1,267.47 a troy ounce by 3:00AM ET (0700GMT). Meanwhile, spot gold was at $1,267.59.Prices of the yellow metal ended Friday's session up almost 1%, after touching i...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can...Read More