Metals and Minerals

26.04.2024

Bullion and peers hit new records with cash, paper markets in turmoil

Gold prices climbed on Friday to hit a historic peak as central bank purchases amid geopolitical tensions sustained the momentum for the yellow metal, while strong U.S. economic data failed to dampen bullion's allure.

Spot gold was up 0.5% at $2,384.34 per ounce, as of 0345 GMT. Bullion hit a record...

Gold prices climbed on Friday to hit a historic peak as central bank purchases amid geopolitical tensions sustained the momentum for the yellow metal, while strong U.S. economic data failed to dampen bullion's allure.

Spot gold was up 0.5% at $2,384.34 per ounce, as of 0345 GMT. Bullion hit a record...

26.04.2024

Ferrous, coal benchmarks keep riding high on China outlooks

Iron ore futures extended gains on Friday and were on track for a weekly gain, thanks to a brighter demand outlook in top consumer China and improved fundamentals in the near term.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 3.12% higher at 843.5...

Iron ore futures extended gains on Friday and were on track for a weekly gain, thanks to a brighter demand outlook in top consumer China and improved fundamentals in the near term.

The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 3.12% higher at 843.5...

26.04.2024

Rising demand pushes non-ferrous base metals’ benchmarks further upwards

Copper prices jumped to their highest since June 2022 on Friday as investors piled into the market on expectations of a demand upswing on the back of potential cuts to interest rates in the coming months.

Benchmark copper on the London Metal Exchange (LME) was up 2.2% at $9,552 a metric...

Copper prices jumped to their highest since June 2022 on Friday as investors piled into the market on expectations of a demand upswing on the back of potential cuts to interest rates in the coming months.

Benchmark copper on the London Metal Exchange (LME) was up 2.2% at $9,552 a metric...

26.04.2024

Uzbek NGMK logs output worth 19.5 trillion soum in Q1

In January-March 2024, Navoi Mining and Metallurgical Combine JSC (NGMK) posed output worth 19.5 trillion soum.

Under the Investment Programme, funds worth US$220.1 million were disbursed. 126 new jobs were created.

Within the framework of the Localisation Programme, output worth 236 billion soum was produced, while products worth over 1.4 trillion soum...

In January-March 2024, Navoi Mining and Metallurgical Combine JSC (NGMK) posed output worth 19.5 trillion soum.

Under the Investment Programme, funds worth US$220.1 million were disbursed. 126 new jobs were created.

Within the framework of the Localisation Programme, output worth 236 billion soum was produced, while products worth over 1.4 trillion soum...

26.04.2024

Uzbekistan’s NGMK to will receive 10 Komatsu dump trucks in 2024

Navoi Mining and Metallurgical Combine JSC (NGMK) will update its fleet with ten large-capacity Komatsu 860E-1K dump trucks with a carrying capacity of 254 tons in 2024, the company’s press service said.

To date, four such dump trucks have already been delivered, the first of which was assembled by specialists from...

Navoi Mining and Metallurgical Combine JSC (NGMK) will update its fleet with ten large-capacity Komatsu 860E-1K dump trucks with a carrying capacity of 254 tons in 2024, the company’s press service said.

To date, four such dump trucks have already been delivered, the first of which was assembled by specialists from...


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