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Copper heads for third straight weekly loss on weak Chinese demand

By: Reuters     10th February 2023 Copper prices were on track for a third consecutive weekly loss on Friday as Chinese demand remains weak and investors await inflation data next Tuesday that could hint at the direction of U.S. monetary policy. Copper hit a seven-month high of $9 550.50 a tonne in January as speculators bet that... 

‘Largest’ solar hybrid project commissioned at mine

16th December 2022 During the international community‘s search for solutions to the climate crisis at the COP27 conference in Egypt in November, international project developer JUWI published a release noting that it had entered into the final stages of commissioning the world’s “largest” solar hybrid project at... 

Juwi commissions solar hybrid project at Sukari gold mine

By: Marleny Arnoldi     18th November 2022 Renewable energy company Juwi is in the final stages of commissioning a large solar hybrid project, in Egypt, comprising a 36 MW solar farm and 7.5 MW battery storage system. The solar farm and battery storage, which is powering Centamin’s Sukari gold mine, have been integrated into an existing... 

Metal plants feeding Europe’s factories are in existential crisis

By: Bloomberg     5th September 2022 In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online. Yet Norsk Hydro is preparing this month to do exactly that at a... 

Supply concerns support copper despite bleak economic outlook

By: Reuters     23rd August 2022 Copper prices rose on Tuesday, helped by low inventories, signs of improving demand in China and fears that sky-high energy prices could force smelters to cut output. Investors remained cautious, however, with a global economic slowdown threatening to curtail demand. 

Gold sees some profit taking as investors brace for inflation data

By: Reuters     10th August 2022 Gold prices slipped on Wednesday as investors booked profits ahead of key US inflation data that could influence the pace of Federal Reserve interest rate hikes. Spot gold was down 0.1 % to $1 792.33/oz by 08:53 GMT, after hitting its highest since July 5 at $1 800.29 on Tuesday. US gold futures... 

Okapi takes an option over Hansen in the US

By: Esmarie Iannucci     12th July 2022 Explorer Okapi Resources has completed the acquisition of a 51% interest in the Hansen uranium deposit, in Colorado, increasing the mineral resource estimate for its greater Tallahassee uranium project to 42-million tonnes, at 540 parts per million, for 49.8-million pounds of contained uranium.... 

Growth worries push copper prices lower

By: Reuters     25th May 2022 Prices of copper and most other industrial metals fell on Wednesday on concerns that slowing economic growth and Covid-19 lockdowns in top consumer China would depress demand. Benchmark copper on the London Metal Exchange (LME) was down 1.5% at $9 310 a tonne at 11:28 GMT. 

Copper rebounds after miners report sliding production

By: Reuters     21st April 2022 Copper prices bounced on Thursday after a spate of production problems that threaten to cut supply, including a state of emergency in Peru, the world's second biggest producer. Benchmark three-month copper on the London Metal Exchange (LME) added 0.6% to $10 280/t in official open-outcry trading... 

London nickel trading shows signs of recovery after two weeks of chaos

By: Reuters     22nd March 2022 The London Metal Exchange's (LME) benchmark nickel contract fell again on Tuesday but for the first time since resuming trade on March 16 the contract didn't hit its downside limit and metal was changing hands. The pick-up in activity suggests the market is starting to return to normal after... 

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