Metals and Minerals

16.09.2019

Uranium miners go through hard times

One week ago Cameco announced it will maintain low output levels until uranium prices recover. The Canadian uranium miner also said it might cut production further, having already closed four mines in Canada and laid off 2,000 of its workers in the uranium mining hub of Saskatchewan. 

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One week ago Cameco announced it will maintain low output levels until uranium prices recover. The Canadian uranium miner also said it might cut production further, having already closed four mines in Canada and laid off 2,000 of its workers in the uranium mining hub of Saskatchewan. 

News like...

16.09.2019

Bullion strengthens topping $1,500 threshold

Gold prices rose back above the key $1,500 level on Friday as the U.S. dollar slipped on the back of a strong euro, though hopes for a thaw in Sino-U.S. trade tensions supported equity markets, capping bullion’s gains.

Spot gold was up 0.6% to $1,507.96 per ounce as of 1156 GMT,...

Gold prices rose back above the key $1,500 level on Friday as the U.S. dollar slipped on the back of a strong euro, though hopes for a thaw in Sino-U.S. trade tensions supported equity markets, capping bullion’s gains.

Spot gold was up 0.6% to $1,507.96 per ounce as of 1156 GMT,...

16.09.2019

Copper leads non-ferrous base metals markets, US-China spat brought up as usual

Copper hit the highest in 1-1/2 months on Friday as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand.

China will exclude some agricultural products from additional tariffs on U.S. goods, China’s official Xinhua News Agency reported on Friday.

The move came after...

Copper hit the highest in 1-1/2 months on Friday as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand.

China will exclude some agricultural products from additional tariffs on U.S. goods, China’s official Xinhua News Agency reported on Friday.

The move came after...

13.09.2019

Uzbek authorities discover criminal group engaged in illegal precious metals extraction

On September 11, 2019, during a raid in the Navoi region and the city of Tashkent, employees of the State Security Service uncovered the activities of an organized criminal group, the SSS press service reported.

Members of the criminal group were engaged in illegal extraction of gold ore and exported to...

On September 11, 2019, during a raid in the Navoi region and the city of Tashkent, employees of the State Security Service uncovered the activities of an organized criminal group, the SSS press service reported.

Members of the criminal group were engaged in illegal extraction of gold ore and exported to...

13.09.2019

Bullion reverses earlier hike on profit taking, other precious metals keep advancing

Gold prices dipped on Thursday as hopes for a thaw in the U.S.-China trade tensions lifted risk appetite, while some investors booked profits ahead of a meeting by the European Central Bank.

Spot gold was down 0.1% at $1,495.30 per ounce, as of 0528 GMT. U.S. gold futures were little changed...

Gold prices dipped on Thursday as hopes for a thaw in the U.S.-China trade tensions lifted risk appetite, while some investors booked profits ahead of a meeting by the European Central Bank.

Spot gold was down 0.1% at $1,495.30 per ounce, as of 0528 GMT. U.S. gold futures were little changed...


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