Metals and Minerals

09.07.2020

Bullion takes $1,800 barrier, other precious metals follow as bears dominate other markets

Gold rallied past the technical $1,800 threshold on Wednesday, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks implemented powerful stimulus packages to cushion its economic impact.

Spot gold jumped 1% to $1,811.55 per ounce by 11:12 a.m EDT (1512 GMT). U.S....

Gold rallied past the technical $1,800 threshold on Wednesday, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks implemented powerful stimulus packages to cushion its economic impact.

Spot gold jumped 1% to $1,811.55 per ounce by 11:12 a.m EDT (1512 GMT). U.S....

09.07.2020

Copper leads continued non-ferroua base metals rice surge, except lead

Copper raced to its highest levels since January on Wednesday as speculators piled into the market, betting on further disruptions in top producer Chile and firm demand from the biggest consumer China.

Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March, driven...

Copper raced to its highest levels since January on Wednesday as speculators piled into the market, betting on further disruptions in top producer Chile and firm demand from the biggest consumer China.

Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March, driven...

09.07.2020

China steel futures spike on improved industry outlook

China's steel futures rose on Wednesday on optimism about demand prospects in the world's top metals consumer, while low domestic stockpiles also lent support.

Construction steel rebar on the Shanghai Futures Exchange closed 1.8% higher at 3,702 yuan ($527.61) a tonne, advancing for a fifth straight session.

Hot-rolled coil, used in cars...

China's steel futures rose on Wednesday on optimism about demand prospects in the world's top metals consumer, while low domestic stockpiles also lent support.

Construction steel rebar on the Shanghai Futures Exchange closed 1.8% higher at 3,702 yuan ($527.61) a tonne, advancing for a fifth straight session.

Hot-rolled coil, used in cars...

08.07.2020

Uzbek coal miners expect better times

According to the information service of Uzbekugol, the volume of sales of coal products through the exchange is growing. In the first half of June, 18,000 tonnes of coal were delivered from the Apartak deposit alone for exchange trading. By the end of the year, it is planned to bring...

According to the information service of Uzbekugol, the volume of sales of coal products through the exchange is growing. In the first half of June, 18,000 tonnes of coal were delivered from the Apartak deposit alone for exchange trading. By the end of the year, it is planned to bring...

08.07.2020

Oh what a lovely bug: bullion moves towards $1,800 threshold

Gold bounced back on Tuesday within a striking distance of the key $1,800 level as a surge in COVID-19 cases boosted hopes for further accommodative monetary policy measures and demand for the safe-haven metal.

Spot gold jumped 0.6% to $1,794.14 per ounce by 11:20 a.m. EDT (1520 GMT). U.S. gold futures...

Gold bounced back on Tuesday within a striking distance of the key $1,800 level as a surge in COVID-19 cases boosted hopes for further accommodative monetary policy measures and demand for the safe-haven metal.

Spot gold jumped 0.6% to $1,794.14 per ounce by 11:20 a.m. EDT (1520 GMT). U.S. gold futures...


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