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Copper price jumps as China imports hit all-time high
At the end of November copper hit an 18-month high on the back of optimism about the possible impact of president-elect Donald Trump’s $500 billion-plus infrastructure plan on the metal, widely used in construction, manufacturing transportation and power industries.
Iron ore, copper prices jump on upbeat economic forecasts
Commodity bulls got a hold of the two biggest mining markets on Tuesday providing both copper and iron ore a more than 3% boost in price after upbeat news from top consumer China and forecasts of strong growth in the US.
Coking coal price crashes through $200
It’s only been a week of trading, but the year to date fall in the price of coking coal has already reached 17%. The steelmaking raw material is also now $120 below its multi-year high of $308.80 per tonne (Australia free-on-board premium hard coking coal tracked by the Steel Index) hit in November.
Erdene new gold zone at Mongolia Bayan Khundii project larger than expected
Canada’s Erdene Resource (TSX:ERD), one of the very few miners to never have encountered issues in Mongolia, unveiled Tuesday results for nine diamond drill holes from its step-out program at Bayan Khundii gold project, which shows a discovery made in October is larger than originally thought.
Coking coal price correction turns into rout
It’s only the 5th, but the year to date fall in the price of coking coal has already reached 8%. The steelmaking raw material is also a round $100 below its multi-year high of $308.80 per tonne (Australia free-on-board premium hard coking coal tracked by the Steel Index) hit in November.
Copper to be best performing commodity of 2017 — analysts
Copper, until recently one of the worst performing commodities of the past two years, experienced a sudden spike at the end of 2016, posing several questions as to the direction of the market as we move into 2017.
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Copper producers feel the Trump bump
Copper prices, which have been in steady decline since 2011, thanks to China’s slowing economic growth, have been on a tear lately, lifting both the stock prices for B.C. copper mining companies and the hopes of developers with new copper projects in the pipeline.
China bans North Korean coal- but only till January
Fresh UN sanctions against North Korea aimed at punishment for a nuclear test in September will be honoured by China, the reclusive regime’s most important trading and diplomatic partner.
Coking coal price savaged – biggest drop in 17 months
While the price of futures trading in China and Singapore were swinging wildly in recent weeks, the benchmark for the seaborne market – Australia free-on-board premium hard coking coal tracked by the Steel Index – seemed to consolidate above $300 a tonne.
Copper price boost as Chinese imports rebound
The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump’s $500 billion infrastructure plans lift sentiment.
World’s longest traffic jam points to Mongolia recovery
Over 60 kilometers, they line up: truck after truck, after truck. Nearly every one of them is laden with coal.
Copper price: Warnings over US trade with China, Mexico
Credit ratings agency Moody’s warned at the beginning of the year that the downturn in raw materials was like no other and that the global mining sector was undergoing structural change.
China risks wasting $490 billion on unneeded coal plants — study
China risks flushing down the toilet half a trillion dollars on new coal plants, which according to a study released Monday, the country doesn’t even need.
Dr. Copper hints mining sector officially out of intensive care
Copper, until recently one of the worst performing commodities in the past two year, is having a great month, with prices up about 20% to more than $5,700 a tonne Thursday.
China relaxes coal mining restrictions as supply tightens
China’s top planning body has reversed some of the restrictions imposed in March to local coal miners, as reduced output has dramatically increased prices for the nation’s top energy source.
Of 22 banks polled NO-ONE sees copper price rally continue
The surge in the copper price to near 18-month highs following Donald Trump’s win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.
Can Trump really revive the U.S. coal industry?
With the election of Donald Trump as President, forecasters and analysts are dashing to determine how his policies are likely to affect global energy. It’s likely that his measures will benefit oil and gas, though his consistent vagueness and apparent confusion over industry fundamentals makes that somewhat unlikely.
Warnings as copper price surge continues
While gold’s initial rally following Donald Trump’s victory in the US presidential elections have evaporated, the rally in industrial metals continued on Friday with the copper price jumping to a 17-month high.
Copper price jumps to 6-month high
In early trade on Monday copper for delivery in December touched six-month highs with copper futures exchanging hands for $2.3125 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.
Electric cars to reshape copper and oil demand
According to Bloomberg New Energy Finance, EVs could displace 2 million barrels a day of oil demand as early as 2023. “That would create a glut of oil equivalent to what triggered the 2014 oil crisis.”
6 reasons coking coal price will tank
Coking coal prices continued to defy gravity on Friday trading at $270.50 a tonne after 18 straight sessions without a down day. According to data provided by the Steel Index premium Australia hard coking coal prices are up nearly four-fold since hitting multi-year lows around $70 a tonne in November last year.
All these Australian mines are reopening thanks to the rally in coal prices
An ongoing rally in the price of Australia’s key exports, mainly coal and iron ore, is prompting miners to restart projects and resume operations at mines that were shut only a few months ago, when both commodities were trading close to 10 years-lows.
No stopping insane coal price rally
The price of both thermal and coking coal gained again on Monday with the Australian export benchmark shrugging off news that Beijing will further relax restrictions on some domestic miners to meet winter demand.
Thermal coal just hit $100 per tonne and may stay this high until 2017
The amazing rally in thermal coal reached a whole new level Tuesday after Australian spot prices hit $100 per tonne for the first time since 2012.